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News & Articles By Franz Walker
02/02/2021
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By Franz Walker
“Shadowy” New York financial institutions pressured Robinhood to restrict GameStop stock trading
When Robinhood restricted the trading of certain stocks on its platform last week, it stated that it was to protect the firm and its customers. But a new report shows that it actually did so at the behest of a “shadowy” group of New York financial institutions. According to a report by Blacklisted News, Robinhood halted the […]
01/21/2021
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By Franz Walker
Twitter shares dropped after the social media company banned former President Trump
Social media giant Twitter’s shares dropped by 12 percent on Monday, Jan. 11, after the company banned former President Donald Trump and other conservatives from their platform. The company’s shares dropped after the market opened, reaching a low of $45.17. According to Twitter, it had removed Trump’s account on Friday because some of the president’s […]
10/22/2020
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By Franz Walker
Robinhood users accounts hacked, looted
On Friday, Oct. 9, fintech startup Robinhood Markets announced that some of its customers might have been targetted by hackers. According to a company spokesperson, the issue did not come from a breach in its systems, but users’ personal accounts being compromised outside its platform. Robinhood, which has helped popularize trading among millennials thanks to its “zero-cost” […]
10/19/2020
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By Franz Walker
Regal Cinemas suspending operations due to the coronavirus lockdowns
America’s second-largest cinema chain is closing all of its locations nationwide after having reopened in August. The closure comes after a cascade of postponements of big-budget Hollywood films due to the ongoing Wuhan coronavirus (COVID-19) pandemic. Regal Cinemas announced that they will be suspending operations at their more than 500 locations on Thursday, Oct. 8. The suspension comes […]
08/31/2020
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By Franz Walker
Coronavirus batters New York City’s luxury real estate market
The ongoing Wuhan coronavirus (COVID-19) pandemic has pounded New York City’s luxury real estate market, which is seeing values fall at a rate that surpasses that of both the Great Recession of 2008, as well as the period immediately after the 9/11 attacks. New York City home sales, in general, plummeted 50 percent in July with […]
08/06/2020
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By Franz Walker
Investors are shunning the dollar and turning to gold
The price of gold hit an all-time high this past Wednesday. A weakening dollar injected new momentum into a rally initially driven by uncertainty about the world economy. Prices of the yellow metal have risen for 13 of the past 14 days. A 1.1 percent gain led it to an all-time high of $2,040 a troy ounce. In […]
08/06/2020
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By Franz Walker
Gold prices could hit $15,000 in 2025 as the dollar continues to fall
Gold prices are at an all-time high thanks to the weakening value of the U.S. dollar. However, experts warn that the price of the yellow metal could increase much further. In a video conference with Kitco News, Euro Pacific Capital CEO Peter Schiff and best-selling author Jim Rickards both think that the rally is far from over. According […]
07/18/2020
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By Franz Walker
Resurgent coronavirus caused consumer sentiment to drop in early July
Consumer sentiment has declined in the first half of July following the reversal of the economic reopenings of several states in the face of a resurgent Wuhan coronavirus (COVID-19) pandemic. The University of Michigan’s Index of Consumer Sentiment slid to 73.2 percent during July’s preliminary reading, down from 78 percent at the end of June. The slump runs […]
07/09/2020
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By Franz Walker
United Airlines preparing to furlough 36,000 workers due to coronavirus collapse
United Airlines has announced plans to furlough up to 36,000 workers – just under half of its U.S. workforce – due to losses sustained from measures to stem the spread of the Wuhan coronavirus (COVID-19). On Wednesday, the Chicago-based carrier stated that it may furlough up to 15,100 flight attendants, 2,250 pilots, 11,000 airport operations personnel. […]
07/07/2020
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By Franz Walker
Pizza Hut’s largest American franchisee files for bankruptcy due to coronavirus
NPC International Inc., the largest franchisee of Pizza Hut stores in the U.S., has filed for bankruptcy in the aftermath of shutdowns due to the Wuhan coronavirus. According to court papers, the company, which operates 1,227 Pizza Hut and 393 Wendy’s stores across the U.S., sought Chapter 11 protection in the Southern District of Texas court on […]
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