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News & Articles By Laura Harris
07/23/2023
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By Laura Harris
Russian State Duma officially approves country’s very own CBDC, the DIGITAL RUBLE
The lower house of Russia’s parliament has officially passed a law introducing a national digital currency known as the digital ruble. The law, documented by the State Duma as Law No. 270838-8, was passed as part of a package of bills introduced at the end of December 2022 to usher in the new currency in […]
07/20/2023
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By Laura Harris
Robert Kiyosaki warns of impending DOLLAR DEMISE amid BRICS group’s gold-backed crypto plan
Renowned financial expert Robert Kiyosaki has warned of the U.S. dollar’s impending demise, amid the five-nation BRICS group’s plan to launch a gold-backed cryptocurrency. The author of “Rich Dad, Poor Dad” fame issued this warning in a tweet that referenced the 2023 BRICS Summit in South Africa. He wrote: “In Johannesburg … [the] BRICS nations [will] […]
07/17/2023
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By Laura Harris
More Americans continue to rely on Buy Now Pay Later (BNPL) services to combat inflation and consumer debt
More Americans are relying on buy now, pay later (BNPL) services to afford basic necessities like groceries due to increasing inflation and consumer debt. According to a survey by the Federal Reserve, approximately one in eight consumers has used a BNPL service at least once in the past 12 months, slightly up from the one in 10 who […]
07/10/2023
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By Laura Harris
Joe Biden’s favorability rating the lowest of any U.S. president in 70 years
In a recent series of polls, President Joe Biden’s approval rating has dropped to the lowest point in any presidency since Harry Truman’s approval rating in 1953. According to YouGov and Morning Consult, two prominent polling agencies, during the last week of June, Biden’s net-negative approval ratings stood at negative 16 and 13, respectively. Additional surveys conducted […]
06/27/2023
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By Laura Harris
Wealthy shoppers now embracing discount stores amid worsening FOOD INFLATION
Discount retailers such as Dollar General, Aldi and Five Below are seeing wealthier customers flock to their locations amid worsening food inflation. Retail analytics firm InMarket noted that there has been a four percent average increase in the share of individuals making more than $100,000 visiting dollar stores this year, compared to the second half […]
06/27/2023
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By Laura Harris
FedEx to shut down 29 more aircraft as shipping demand shrinks
Global shipping giant FedEx plans to remove 29 aircraft from its fleet this year as part of a comprehensive cost-cutting initiative. This move aims to significantly decrease permanent costs and enhance the flexibility of the company’s logistics network in response to the downturn in global trade. During a recent earnings briefing, FedEx CEO Raj Subramaniam announced that the […]
06/21/2023
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By Laura Harris
Saudi Arabia signs $5.6 billion deal with China to boost the kingdom’s EV industry
Saudi Arabia has announced its intention to further “collaborate” with China by strengthening its economic ties with the communist nation in the form of a new multi-billion dollar deal that will boost the kingdom’s electric vehicle (EV) industry. Saudi Arabia’s Ministry of Investment inked a $5.6 billion deal with Chinese EV manufacturer Human Horizons to collaborate on […]
06/20/2023
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By Laura Harris
Central banks are badly losing their war against FOOD INFLATION
Amid a wave of interest rate hikes by central banks across the globe, the surge in food prices continues unabated. Experts associated this phenomenon with two key factors: the inelasticity of food demand and a looming long-term supply crisis. Despite the best efforts of central banks to rein in inflation through interest rate adjustments, the fundamental need […]
06/20/2023
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By Laura Harris
New Illinois law mandates electric vehicle charging stations in all new and renovated homes
Illinois is set to become the first state in the nation to mandate the installation of electric vehicle (EV) charging stations in the garages of newly constructed or renovated homes. This is after the passage of Senate Bill 40, known as the “Electric Vehicle Charging Act,” which was introduced by Democratic State Sen. Sara Feigenholtz […]
06/15/2023
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By Laura Harris
Leaked files show Saudi crown prince threatened “major” economic pain on US amid oil feud
A leaked American intelligence document shows that Saudi Arabian Crown Prince Mohammed bin Salman privately threatened to alter the long-standing status of the United States’ relationship with Saudi Arabia by imposing “major” economic costs on the country if Washington retaliated to the kingdom’s decision to slash oil production last year. The classified U.S. intelligence document was leaked […]
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