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News & Articles By Arsenio Toledo
11/29/2022
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By Arsenio Toledo
Black Friday online sales hit new record-high of $9.12 billion despite high inflation
American consumers spent a record-breaking $9.12 billion on online shopping on Black Friday. This was according to Adobe Analytics, the data and insight research arm of Adobe Inc, which tracks e-commerce growth by analyzing transactions on the websites of American retailers. Adobe Analytics has access to data covering approximately 85 percent of the top 100 […]
11/29/2022
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By Arsenio Toledo
Mississippi-based furniture manufacturer fired 2,700 workers through texts and emails days before Thanksgiving
One of the largest furniture businesses in the United States fired around 2,700 workers through texts and emails right before midnight on Nov. 21 and in the early morning hours of Nov. 22, while many were still sleeping. United Furniture Industries, based out of Mississippi, sent the messages to its workers, most of whom live in […]
11/23/2022
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By Arsenio Toledo
Fewer Amazon shoppers are satisfied with the company’s services
Recent information from Amazon finds that customer satisfaction has slipped to one of its lowest points since 2000, the year a private firm began tracking consumer enthusiasm for the country’s largest online retailer. Investment banking and financial advisory firm Evercore ISI publishes its yearly American Consumer Satisfaction Index, which tracks customer approval of more than […]
11/23/2022
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By Arsenio Toledo
FTX collapse fallout: Crypto brokerage firm Genesis warns of possible bankruptcy
Genesis, a digital asset brokerage firm, is reeling from the fallout of FTX’s collapse as it struggles to stave off bankruptcy. The company has warned potential investors that it may need to file for bankruptcy if its efforts to obtain fresh cash for its lending unit fail. “We have no plans to file bankruptcy imminently,” said […]
11/23/2022
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By Arsenio Toledo
Crypto exchange platform Coinbase lost around 85% of its value in one year
Cryptocurrency exchange platform Coinbase has lost around 85 percent of its value since this time last year. Coinbase is one of the largest crypto exchanges by volume in the world, with the company’s year-to-date trading volume as of early November being recorded as over $775 billion, right behind UpBit, OKX and Binance, the latter of which is […]
11/23/2022
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By Arsenio Toledo
Jay Dyer: FTX scam no different from how Federal Reserve prints money and assigns it value
As cryptocurrency exchange FTX continues to collapse, Jay Dyer of “Jay’sAnalysis” podcast makes it clear that this is exactly how the Federal Reserve runs the economy of the United States. Serving as a guest host in an episode of “The Alex Jones Show” on InfoWars, Dyer compared how the FTX accumulated value and collapsed to how […]
11/22/2022
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By Arsenio Toledo
Eurozone inflation hits record high 10.7% as recession looms
The European Commission recently revealed that headline inflation in the Eurozone reached 10.7 percent, the highest year-over-year inflation reading since its founding over 23 years ago. The Eurozone is the economic and monetary union made up of the 19 member states of the European Union (EU) that have adopted the euro as their currency. The […]
11/22/2022
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By Arsenio Toledo
Used truck prices drop as trucking industry overcomes supply chain issues
The prices of used trucks are falling across almost all years and models as new truck manufacturers are starting to overcome supply chain disruptions. This comes from preliminary data on used-truck activity for October published by ACT Research. The researchers noted that sales involving used Class 8 trucks – trucks with a gross vehicle weight […]
11/22/2022
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By Arsenio Toledo
NFIB report: Small business owners struggling to find workers amid highest inflation rate since 1980s
A new report from the National Federation of Independent Business (NFIB) has shown that many businesses are struggling to find people to fill job vacancies despite the increasing number of unemployed Americans. This suggests that more and more people are trying to find more lucrative offers amid the highest inflation in America since the 1980s. Consumer prices went up by […]
11/17/2022
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By Arsenio Toledo
Fed data: Household debt just increased at fastest pace in 15 years
Households in the United States during the third quarter of this year increased their debts at the fastest pace since 2007. According to data released by the Federal Reserve Bank of New York, from July to the end of September, households added $351 billion in overall debt, bringing America’s total household debt up to $16.5 trillion. […]
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