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News & Articles By Mary Villareal
05/30/2022
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By Mary Villareal
US stocks leading the global market selloff; European financial markets holding up better (for now)
The Dow Jones Industrial Average has plunged by 12 percent year-to-date, the S&P 500 by 18 percent and the Nasdaq Composite Index by about 28 percent. Meanwhile, the United Kingdom’s FTSE 100 index went up by more than one percent, Spain’s IBEX 35 Index dipped by 0.1 percent and the Nikkei 225 Index lost seven percent. […]
05/26/2022
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By Mary Villareal
US, China heaviest borrowers in first quarter as global debt soars to $305 trillion
The United States and the People’s Republic of China, the world’s two largest economies, are the heaviest borrowers in the first quarter of the year as global debt skyrocketed to $305 trillion. This was according to the Institute of International Finance (IIF). Data shows that China increased its debt by $2.5 trillion in the first quarter, […]
05/25/2022
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By Mary Villareal
Canada’s inflation rate reaches 31-year high; spike in grocery prices highest since 1981
Canadians who are living on government benefits are being forced to live with less as food prices soar. Canada’s inflation rate is at 6.8 percent, the highest in 31 years. Grocery prices rose 10 percent year over year, the highest spike since 1981. Stephen Jones, 56, said that by the end of the month and before […]
05/20/2022
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By Mary Villareal
EU committing economic suicide by imposing sanctions on Russia
Members of the European Union (EU) have found themselves in a precarious position by joining the U.S. in its proxy war against Russia. An observer noted that European countries are imposing more sanctions on Russia for purely political reasons and with the U.S. applying just enough pressure. Saying no to Russian energy will mean that […]
05/20/2022
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By Mary Villareal
US stocks in trouble: Shares could go nowhere based on long-term valuations
U.S. stocks may be able to bounce back from a dismal start later this year. But beyond that may be a different story. A Natixis survey of individual investors in 24 countries last year showed that U.S. investors had the highest projections in the group at 17.5 percent annual returns going forward. However, the difference […]
05/15/2022
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By Mary Villareal
Biden administration cancels gas lease opportunities despite soaring fuel prices
The Biden administration has canceled major oil and gas lease opportunities in the Gulf of Mexico and off the coast of Alaska, blocking the opportunity to drill for oil in over a million acres despite the soaring gas prices in the United States. The Department of the Interior cited a “lack of industry interest in leasing […]
05/12/2022
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By Mary Villareal
Americans blame Democrats, Biden’s leadership as gas prices hit record highs
Surveys have shown that Americans blame Democrats and President Joe Biden’s leadership as gas prices reached record high levels. Inflation also hit a 40-year high and the U.S. Gross Domestic Product shrunk 1.4 percent in the first quarter of the year. As voters admit that rising gas prices are touching every aspect of their lives, the economy […]
05/05/2022
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By Mary Villareal
Americans are quitting jobs at record pace, forcing employers to offer more to attract workers
Over 4.54 million Americans quit their jobs instead of returning to office as companies end remote-work policies offered during the Wuhan coronavirus (COVID-19) pandemic. According to the Department of Labor, the all-time high number of people quit their jobs in March, edging out a record set last November. Following massive resignations, the number of job openings also increased to […]
05/05/2022
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By Mary Villareal
Supply chain on the brink of COLLAPSE as diesel price surge hits trucking industry hard
The price of diesel has reached an all-time high of $5.321 a gallon, leaving the trucking industry reeling and the supply chain on the brink of collapse. Oil and gas prices have also increased, now standing at $4.187 a gallon, just a smidge down from the all-time high of $4.331 set on March 11. The trucking industry relies […]
05/03/2022
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By Mary Villareal
Ocean freight rates climb for third straight month; volatile global shipping costs worsening inflation
Ocean freight rates have climbed for the third consecutive month in April, this time by 11.1 percent. The increase now stands at 109.9 percent year-over-year. According to the International Monetary Fund, there is a correlation between the volatile global shipping costs and ongoing inflation. Data from 143 countries over the past 30 years have shown […]
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