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News & Articles By Belle Carter
01/10/2023
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By Belle Carter
Report: 91% of altcoin projects following 2014 crypto collapse are now completely abandoned
Crypto website CoinKickoff recently released a report showing the failures of altcoin projects and the sustained success of bitcoin in an industry riddled with scams and frauds. Altcoin is an alternative digital currency to bitcoin that first appeared in 2011. Data revealed that 91 percent of coins created following the 2014 cryptocurrency market crash are now completely abandoned. A large […]
01/10/2023
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By Belle Carter
Gold Newsletter: 2023 will be a bearish year for stocks and bonds, but a bullish one for precious metals
The 2022 year-end issue of the Gold Newsletter predicted that financial trends for 2023 will be bearish for stocks and bonds and bullish for gold and silver. Investors are more willing to buy in a bullish market and are likely to sell in a bearish market. Brien Lundin, long-time editor of the news letter, elaborated on these […]
01/06/2023
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By Belle Carter
GET WOKE GO BROKE: Home-goods giant Bed Bath & Beyond considers filing for bankruptcy
Home-goods giant Bed Bath & Beyond announced Thursday, Jan. 5, it may need to file for bankruptcy. The domestic merchandise company released a statement saying it has “substantial doubt” about its ability to continue. “For the third quarter of fiscal 2022, the Company expects to report net sales of approximately $1.259 billion compared to $1.878 billion in the year-ago period, reflecting […]
01/06/2023
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By Belle Carter
Gold prices soar to 6-month high, widely expected to go higher in coming months
Prices of gold soared to a six-month high in the early hours of Tuesday, Jan. 3, according to trading data. CNBC reported that the precious metal’s cost peaked just below $1,850 per troy ounce before easing off to trade around $1,838. U.S. gold futures were up one percent at $1,844.10. Analysts believe the rally will continue throughout the year. The news portal also cited […]
01/05/2023
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By Belle Carter
China’s factory activity suffers biggest decline in nearly 3 years after easing COVID-19 restrictions
With the Wuhan coronavirus (COVID-19) sweeping across China’s production lines, factory activity in the country shrank for the third straight month in December. The drop has been the biggest since the early days of the COVID-19 pandemic in February 2020. The factory purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, according to China’s National Bureau […]
01/04/2023
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By Belle Carter
Putin bans export of Russian oil to US and other nations that implemented a price cap
Russian President Vladimir Putin recently signed a decree to temporarily ban the export of oil products to the United States and other nations that implement a price cap. The ban will take effect from February 1 to July 1. “Deliveries of Russian oil and oil products to foreign entities and individuals are banned, on the condition that in […]
12/29/2022
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By Belle Carter
Economists: Over $31 trillion national debt could lead to slow-moving economic demise
The Department of the Treasury announced in October that the national debt blew past $31 trillion. Analysts say this is due to years of fiscal splurging and heightened by the Wuhan coronavirus (COVID-19) pandemic. Some economists are worried that it could lead to a slow-moving economic demise. (Related: US national debt hits $31 TRILLION for the first time.) […]
12/26/2022
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By Belle Carter
Housing collapse: Home sales drop for a record 10th straight month
The National Association of Realtors (NAR) reported on December 21 that existing-home sales fell for the 10th straight month in November as the Federal Reserve keeps raising interest rates. The report included the sales of previously owned homes, indicating a decline of 7.7 percent in November from the previous month to a seasonally adjusted annual rate […]
12/22/2022
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By Belle Carter
Comex: Silver is being drained from the vaults since the start of 2022
The current trends from Comex, the global derivatives market that allows trading in futures contracts of gold and silver, show that silver is being drained from the vaults since the start of the year. New York-based precious metals dealer SchiffGold wrote on its website that the drainage since the start of the year has been […]
12/19/2022
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By Belle Carter
Used car prices drop 14.2% due to influx of new cars, higher borrowing costs
User car prices this year are down 14.2 percent compared to 2021, according to the Used Vehicle Value Index by the car auction company Manheim. This is the largest used car price dive ever based on the firm’s data. According to auto service organization Cox Automotive, the continued hike in borrowing rates and the influx […]
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