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News & Articles By Kevin Hughes
03/03/2022
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By Kevin Hughes
US oil prices rise to a 7-year high as conflict between Russia and Ukraine continues
As Russia continued its assault on Ukraine’s capital Kiev, oil prices continued to rise Tuesday, March 1, with the U.S. crude reaching its highest level since June 2014. West Texas Intermediate crude futures, the U.S. oil benchmark, surged 11.5 percent to $106.78 per barrel at its peak for the day. It dropped during the afternoon trading and […]
03/02/2022
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By Kevin Hughes
Ontario government shuts down 39 trucking companies for participating in Freedom Convoy
The Ontario Ministry of Transportation has closed 39 independent trucking companies for their participation in the Freedom Convoy protest against Wuhan coronavirus (COVID-19) restrictions. In another round of anti-protest sanctions, the ministry affirmed that 12 trucking companies in Ontario and 27 outside the province have been slapped with seizure orders canceling their authority to carry out […]
02/17/2022
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By Kevin Hughes
“Bidenflation” triggers stunning downfall of consumer sentiment to 10-year low
Consumer sentiment went down in the early weeks of February as consumers lost faith in the economic policies of the Biden administration. Inflation during Biden’s term — “Bidenflation” for short — soared to the worst level in four decades and the long-term economic view of American households dropped to its least favorable level in 10 […]
02/15/2022
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By Kevin Hughes
Inflation is officially up 7.5 percent from last year, highest annual increase since 1982
The Department of Labor announced Thursday, February 10, that inflation in January rose 7.5 percent compared to the same month last year, the highest since February 1982 which was 7.6 percent. The year-over-year rate or “annualized rate” in December 2021 was 7.1 percent. The number surpassed economists’ prediction that consumer prices in January would increase to […]
01/03/2022
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By Kevin Hughes
Bank of Mexico to launch digital currency by 2024
The Bank of Mexico plans to establish its own digital currency in circulation by 2024 to adopt the latest payments technology and incite financial formation in an economy that relies mostly on cash transactions. Mexico’s central bank under the administration of President Andres Manuel Lopez Obrador tweeted on Dec. 30 that it is important “to use these […]
12/25/2021
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By Kevin Hughes
Precious metal analyst David Morgan says all markets are manipulated, out of control – Brighteon.TV
Well-known precious metals analyst and author-speaker David Morgan said all markets are manipulated and it is now out of control. “All these markets are manipulated. They’re not really true, free-market price discovery,” Morgan said during the Dec. 15 episode of “Steel Truth” with Ann Vandersteel on Brighteon.TV. The Silver Guru added that the market is supposed […]
12/12/2021
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By Kevin Hughes
Evergrande’s future in limbo amid debt repayment default
Uncertainties surround the future of Chinese property giant Evergrande Group following reports that it could default on its latest debt repayment. Shares in the company, whose crisis has swelled through the wider property and banking sectors, plunged by 20 percent to a record low on Monday, December 6. In a statement over the weekend, Evergrande said that it could […]
12/10/2021
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By Kevin Hughes
Two Chinese real estate giants face financial disaster: Kaisa and Evergrande
Two of China’s largest housing developers are facing a financial disaster after missing their payment deadlines for the millions of dollars that they owe to global shareholders. The Evergrande Group and Kaisa Group Holdings are both on the brink of default with only one looking to have a better chance of making a possible reversal from their […]
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