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News & Articles By Arsenio Toledo
12/08/2022
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By Arsenio Toledo
China loads up on gold reserves with recent “mystery” purchase of 300 TONS
China has reported an increase in its gold reserves for the first time in more than three years, essentially admitting that its central bank is one of the recent mystery buyers of massive amounts of bullion in the gold market. The gold industry has speculated over which central banks were behind the nearly 400 tons of […]
12/06/2022
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By Arsenio Toledo
Apple speeds up plans to shift production OUT OF CHINA
Tech giant Apple has accelerated its plans to shift more of its manufacturing outside of China. China has long dominated the supply chain of Apple, the world’s most valuable company. But in the wake of the turmoil in China, Apple executives want this to change. Currently, Apple is heavily reliant on Taiwanese iPhone assemblers led […]
12/06/2022
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By Arsenio Toledo
Crypto stocks PLUMMET: Industry nearing collapse as financial analysts warn most crypto firms unlikely to survive long-term
Stocks for companies in the cryptocurrency industry have plummeted. Analysts and investors still can’t figure out when this downfall will bottom out, but many of them believe that most crypto firms are unlikely to survive long-term. Publicly-traded cryptocurrency companies like Coinbase Global Inc., Galaxy Digital Holdings Ltd. and MicroStrategy Inc. all had their stocks plummet in […]
12/05/2022
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By Arsenio Toledo
Crypto expert: FTX collapse marks end of “cryptographic scam” that involves worthless crypto coins gaining immense value
Cryptocurrency industry journalist and expert Max Keiser called FTX’s collapse the end of a “cryptographic scam.” Cryptocurrency exchange platform FTX recently filed for bankruptcy, costing investors up to $2 billion, after a liquidity crisis that exposed all of former CEO Sam Bankman-Fried’s illicit dealings, including his donations to the Democratic Party and its pet causes. […]
12/02/2022
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By Arsenio Toledo
Bank customers FURIOUS after HSBC announces closure of 114 UK branches
International banking giant HSBC has announced that 114 of its branches in the United Kingdom will be closing beginning on April 2023, drawing fury and disappointment from the bank’s many customers. HSBC’s recent announcement is just the latest in a series of bank closures that have occurred in the U.K. since 2020. Earlier this year, […]
12/02/2022
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By Arsenio Toledo
Fed chair says China’s zero-COVID policy damages global supply chain
China’s extreme and repressive Wuhan coronavirus (COVID-19) restrictions have affected the American economy by harming global supply chains, said Federal Reserve Chairman Jerome Powell. The Fed chair added that when certain regions or cities in China initiate full shutdowns, if those areas are deeply connected to the global economy, supply chains become “less efficient, less […]
12/01/2022
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By Arsenio Toledo
Tech layoffs nearing levels not seen since the Great Recession
The number of people fired from Big Tech companies this year is nearing annual levels not seen since the Great Recession. The worsening economic situation in the United States has made Big Tech companies turn to mass layoffs as a way of making sure their profit margins remain stable. In November alone, more than 50,000 workers […]
12/01/2022
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By Arsenio Toledo
IMF chief wants the Federal Reserve to keep raising interest rates
International Monetary Fund Managing Director Kristalina Georgieva has told the Federal Reserve that it should not slow down its interest rate hikes, which the central bank is doing in its mistaken belief that it will tame soaring inflation. This is in response to a recent statement made by Fed Chair Jerome Powell saying the Fed […]
12/01/2022
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By Arsenio Toledo
Chaos in China: Rushed exit from zero-COVID strategy could COLLAPSE Chinese economy
The Chinese Communist Party (CCP) is currently struggling to deal with nationwide protests over its Wuhan coronavirus (COVID-19) lockdown policies. This tumult has caused the country’s economy to drop, with Goldman Sachs warning that a rushed exit from its zero-COVID strategy could spell doom for the Asian giant. The current protest wave in China was […]
11/30/2022
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By Arsenio Toledo
World’s largest bitcoin trust refuses to share proof of reserve audit
Grayscale, the world’s largest bitcoin trust, is refusing to provide proof of reserve audit amid concerns from investors that the company may be affected by the FTX fiasco. Following the implosion of FTX earlier this month and its subsequent bankruptcy proceeding exposing the depths of the company’s mishandling of customer finances, multiple cryptocurrency companies have jumped […]
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