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News & Articles By Oliver Young
04/04/2023
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By Oliver Young
Get woke, go broke: SVB’s focus on ESG led to its collapse
Businesses devoting resources to Environmental, Social and Governance (ESG) policies should learn from the collapse of the Silicon Valley Bank (SVB.) The collapsed bank prioritized woke politics over the financial wellbeing of their clients. Instead of hiring qualified candidates for critical positions within the company and making prudent financial decisions, SVB focused on ESG – particularly climate […]
03/17/2023
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By Oliver Young
Mark Zuckerberg announces plan to cut 10,000 Meta employees in the next 2 months
Meta CEO Mark Zuckerberg has touted 2023 as the company’s “year of efficiency.” That means more employees are on the chopping block. On Tuesday, March 14, Zuckerberg announced the company’s plan to cut 10,000 employees in the next two months – just short of the 11,000 it laid off in November, which equated to roughly […]
03/15/2023
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By Oliver Young
Retail analyst: Theft is growing at a faster rate than sales
Shoplifters are having a field day these days as in-store shopping returns to normal. This is causing what is known as shrinkage in accounting. It happens when a store has fewer items in stock than in its recorded book inventory. Factors contributing to shrinkage include employee theft, shoplifting, administrative errors, vendor fraud, product damage and more. […]
03/13/2023
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By Oliver Young
Intelligence chief warns: China is weaponizing supply chain dominance
Director of National Intelligence Avril Haines has warned that China is already using its supply chain dominance to force foreign companies and countries to transfer technologies and intellectual property to it. Haines issued the warning through her office’s “Annual Threat Assessment” report. “The government of China is capable of leveraging its dominant positions in key global […]
03/06/2023
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By Oliver Young
6 out of 10 Americans still living paycheck to paycheck despite spending cutbacks
Americans are beginning to realize that inflation is now part of their everyday lives. In 2022, consumers did not spend as much as they did a year ago – giving their budgets some breathing room. According to a recent report, the number of Americans living paycheck to paycheck fell to 60 percent in January. That’s down from […]
02/22/2023
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By Oliver Young
US household debt hits record $16.9 trillion amid persistent inflation
The Federal Reserve’s Quarterly Report on Household Debt and Credit shows how much American households are struggling to cope with incessant inflation. According to the latest edition of the report, total U.S. household debt hit a record $16.9 trillion during the fourth quarter last year – a 2.4 percent increase from the previous quarter, which is equivalent to […]
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