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News & Articles By Arsenio Toledo
07/29/2024
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By Arsenio Toledo
Freight fraud costing transportation and logistics industries over $800M a year
The United States’ transportation and logistics industries are grappling with an ever-increasing problem: freight fraud. Freight fraud is an increasingly more common type of scheme that involves “entities that charge an up-front fee, pack and hold consumers’ household goods, then demand more funds to deliver or release the items,” according to Delegate Eleanor Holmes (D-DC), […]
06/13/2024
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By Arsenio Toledo
BIDENFLATION makes the cost of raising children in America prohibitively expensive
High inflation is making the cost of raising a child in the United States prohibitively expensive. According to online lending marketplace LendingTree the cost of child care in the U.S. has surged nearly 20 percent between 2016 and 2021. Annual expenses without taking into account tax exemptions or credits hit $21,681 in 2021, compared to just […]
05/01/2024
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By Arsenio Toledo
Elon Musk shuts down Tesla’s profitable Supercharger team in latest round of layoffs
Elon Musk has shut down Tesla’s division that runs the Supercharger business in the latest round of layoffs that is expected to reduce the electric vehicle manufacturing giant’s workforce by more than 10 percent. The shutdown of the Supercharger division includes the dismissal of two senior executives and several hundred other staffers amid an ongoing […]
03/25/2024
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By Arsenio Toledo
Texas public schools fund pulls out $8.5 billion from BlackRock over ESG investing
A school fund in Texas has pulled $8.5 billion of state money from BlackRock over accusations that the investment firm’s alleged boycott of fossil fuel energy producers harms Texas’ industries. The move was conducted by the Texas Permanent School Fund (Texas PSF), a sovereign wealth fund and pension fund established in the 19th century to support the […]
02/22/2024
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By Arsenio Toledo
World’s largest asset manager BlackRock exits globalist climate investment group
BlackRock, the world’s largest asset manager, joined JPMorgan Chase in pulling out from the climate change investment group Climate Action 100+ that pushes companies around the world to rein in emissions. Climate Action 100+ (CA100+) is a global coalition of investors who have pledged “to ensure the world’s largest corporate greenhouse gas emitters take necessary action on […]
02/15/2024
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By Arsenio Toledo
Credit card and auto debt DELINQUENCIES are SOARING, especially among younger Americans
New data from the Federal Reserve Bank of New York has found that credit card and auto debt delinquencies in the United States are soaring, especially among Americans aged 18 to 39. The Household Credit Report from the New York Fed’s Center for Microeconomic Data found that aggregate household debt balances rose by $212 billion, […]
02/14/2024
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By Arsenio Toledo
Crisis in American banking sends jitters across Europe’s banking sector, increasing risk of BANK DEFAULTS
Europe’s banking sector is concerned as financial instability in the United States is increasing the risk of banks defaulting in the continent. Back in late November 2023, the European Central Bank warned that the balance sheets of banks in the eurozone – the currency union of 20 European Union states who all use the euro […]
02/01/2024
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By Arsenio Toledo
BIDENOMICS: UPS cuts 12,000 jobs due to decreased shipping volume, tense union negotiations
UPS is cutting 12,000 jobs as shipping volume – and thus, company revenue – both internationally and domestically dropped in its fourth-quarter earnings report. The company said the mass layoff is part of a broader effort to “align resources” in 2024. This effort includes mandating staff work from offices, five days a week starting on March […]
01/24/2024
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By Arsenio Toledo
Gold research firm explains Bitcoin’s intrinsic value: It cannot be easily confiscated by government
Prominent gold market-focused research firm GoldFix explained in a recent report the intrinsic value of Bitcoin that is similar to gold’s: “It cannot be confiscated.” This comes even as Bitcoin’s value falls by 15 percent over the past two weeks. GoldFix’s report stated that people like Bank of England Gov. Andrew Bailey are wrong in saying […]
01/24/2024
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By Arsenio Toledo
Chinese stock market loses BILLIONS in days following crash of snowball derivatives
Stock markets in Hong Kong and mainland China are experiencing a massive avalanche, leading to losses on billions of dollars worth of derivatives linked to the communist nation’s equity indexes, known as snowball derivatives or simply snowballs. Snowballs – named because of the potential “snowballing” accumulating gains for investors who hold them – are structured […]
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