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News & Articles By Ramon Tomey
07/12/2022
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By Ramon Tomey
Social media giant Twitter announces layoffs amid snags in Elon Musk deal
Big Tech firm Twitter announced that it will let go of several employees as it deals with issues about Tesla CEO Elon Musk’s purchase of the platform. The San-Francisco based company laid off 30 percent of its recruitment staff on the afternoon of July 7, said a TechCrunch report. A spokesperson confirmed the staff cuts, but declined to […]
06/15/2022
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By Ramon Tomey
Bitcoin price crash also triggering downturn of crypto billionaires’ net worth
A plunge in Bitcoin prices negatively impacted the fortunes of several cryptocurrency billionaires. These bigwigs made millions in the crypto market, until downturns in token prices caused their earnings to disappear. Several billionaires in the crypto sector saw their earnings evaporate eight months after the crypto euphoria they capitalized on. Prior to the losses, they […]
06/06/2022
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By Ramon Tomey
Logistics and transportation sectors bounce back as hiring for trucking, warehousing jobs continues to rise
The logistics and transportation sectors appear to be bouncing back, as evidenced by the increased employment for trucking and warehousing jobs. According to the latest edition of the Employment Situation Summary (ESS) release from the Department of Labor‘s Bureau of Labor Statistics (BLS), there had been “notable job gains” in transportation and warehousing. About 13,000 […]
05/24/2022
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By Ramon Tomey
BAD POLICY: Indonesia LIFTS BAN on palm oil exports as domestic cooking oil prices plunge
Indonesia recently lifted its ban on palm oil exports as it caused a nosedive in domestic cooking oil prices. Indonesian President Joko Widodo announced the ban’s lifting in a May 19 video statement. First announced on April 28, the ban saw Jakarta halting shipments of crude palm oil and several products derived from it. The decision by […]
05/13/2022
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By Ramon Tomey
Oil-producing giants warn of dwindling energy supply worldwide as fuel prices hit record highs
Two oil-producing giants – Saudi Arabia and the United Arab Emirates (UAE) – warned that the global energy supply is dwindling amid high fuel prices and increased demand. Officials from the two Middle Eastern nations issued their warnings during a May 10 conference of the Organization of the Petroleum Exporting Countries (OPEC) held at the UAE’s […]
04/20/2022
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By Ramon Tomey
China’s draconian COVID restrictions are CRIPPLING supply chains worldwide
China’s draconian restrictions to curb the Wuhan coronavirus (COVID-19) have crippled supply chains worldwide. The stringent COVID-19 measures implemented in the eastern city of Shanghai – one of the country’s busiest ports – have also hampered global trade. Citing data from open vessel database Fleetmon and investment firm Liberum, the Telegraph reported that the number of ships […]
04/04/2022
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By Ramon Tomey
BlackRock president: INFLATION will teach VERY RUDE lessons to today’s consumers
BlackRock President Rob Kapito remarked during a recent conference in Austin, Texas that the current inflation will teach very rude lessons to this generation of “entitled” consumers. “For the first time, this generation is going to go into a store and not be able to get what they want. And we have a very entitled generation that […]
04/01/2022
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By Ramon Tomey
Biden’s proposed TAX HIKES will lead to RECESSION, financial planner Carlos Cortez Jr. warns
Carlos Cortez Jr., the founder and president of Clearwater, Florida-based Cortez Wealth Management, joined former TruNews host Lauren Witzke to discuss the effects of President Joe Biden’s tax hikes in a recent episode of “The Stew Peters Show.” Cortez predicted two possible scenarios that both have recessions as their endgame. “Either [the Federal Reserve] continues to raise […]
03/31/2022
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By Ramon Tomey
Saudi Arabia may increase oil prices amid Russia-Ukraine war
Saudi Arabia may increase the price of its crude oil as the repercussions of the Russia-Ukraine war are felt throughout global markets. An assessment by Bloomberg found that state-owned petroleum company Saudi Aramco may raise the selling price of its flagship Arab Light crude to $5 a barrel in Asia. The news outlet added that the price increase […]
03/17/2022
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By Ramon Tomey
IMF: Russia-Ukraine war may FUNDAMENTALLY ALTER economic, political order worldwide
The International Monetary Fund (IMF) said the ongoing war between Russia and Ukraine may “fundamentally alter” the political and economic order globally. “The war may fundamentally alter the global economic and geopolitical order should energy trade shift, supply chains reconfigure, payment networks fragment and countries rethink reserve currency holdings,” the IMF posted on its website […]
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