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News & Articles By Ramon Tomey
10/28/2021
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By Ramon Tomey
Gold prices projected to hit $3K per ounce within a few months – analyst
Market experts have predicted that gold prices will hit the $3,000 mark within a few months. The prediction comes as prices of gold remain stable while prices of other metals soar to highest levels in years. With the projected price hike, gold is set to be impacted by inflationary pressure. Bloomberg reports that two mining bigwigs […]
10/26/2021
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By Ramon Tomey
Unilever raises product prices due to rising costs of raw materials
Consumer goods company Unilever has raised prices due to rising raw materials costs. The multinational firm warned that inflation would continue for at least the next 12 months. Unilever said on Oct. 21 that it increased its prices by 4.1 percent in the third quarter of 2021. The price hikes serve to pass rising material costs […]
10/25/2021
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By Ramon Tomey
Heartland Express predicts freight demands to increase until 2022
Iowa-based trucking company Heartland Express predicts that demands for freight trucking will continue to increase this year until 2022. The company has also predicted that the current labor shortages affecting many industries will continue well into next year. Heartland Express CEO Mike Gerdin made the prediction in an Oct. 14 press release. He says: “Freight demand has […]
10/22/2021
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By Ramon Tomey
Expert: “Panic” ordering by retailers contributing to supply chain woes
The ongoing supply chain crisis has affected stocks of different products worldwide. Experts cite several contributing factors that worsen the issue such as port congestion and energy shortages. Now, another factor they mention – panic ordering by retailers – appears to make the crisis worse than it already is. One expert in particular says that […]
10/12/2021
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By Ramon Tomey
Trade group warns government against meddling in the meat industry
A meat trade group has warned the federal government against meddling in the meat industry. They argue that government action by means of laws and mandates will cost meat producers millions of dollars. The trade group’s warning comes amid plans by lawmakers to draft new legislation supposedly benefiting cattle producers in the United States. North American […]
10/08/2021
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By Ramon Tomey
Expert: US could approach “high-inflation era” soon
An economic expert has warned that the U.S. may be nearing an era with high inflation rates. Capital Economics Chief Market Economist John Higgins claims that inflation will remain “significantly higher on average” over the next decade. His forecast comes amid different economic issues plaguing various parts of the world that threaten to increase prices. […]
09/24/2021
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By Ramon Tomey
Bitcoin price drops following China’s Evergrande fiasco
The price of bitcoin has fallen following the fiasco involving property developer Evergrande Group. According to CoinDesk, bitcoin’s price has fallen to $43,489 as of Sept. 20. The drop reflects an 8.6 percent fall from its Sept. 17 price. Other digital currencies have also seen price drops – with Ether experiencing a 10 percent fall and […]
09/21/2021
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By Ramon Tomey
US Census Bureau: More Americans became poor in 2020 due to COVID-19 lockdowns
The U.S. Census Bureau (USCB) says in a recent report that more Americans have become poor compared to a record low the year earlier. Its Sept. 14 report also shows significant declines in median income and available jobs. According to the USCB, Wuhan coronavirus (COVID-19) restrictions have wiped out ten years of economic gains within […]
09/09/2021
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By Ramon Tomey
Cryptocurrency will eventually go to ZERO, investor John Paulson warns, saying it’s scarcity “of nothing”
Legendary investor John Paulson warned that cryptocurrencies such as Bitcoin will eventually go to zero. He said this warning during an Aug. 31 appearance in Bloomberg Wealth with David Rubenstein. Paulson gained prominence after he bet against the U.S. housing market – netting him $20 billion at the cost of kick-starting the worst financial crisis […]
09/09/2021
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By Ramon Tomey
El Salvador adopts bitcoin as legal tender to unsteady start characterized by glitches
The tiny Central American nation of El Salvador saw a rocky start on its first day of adopting the bitcoin cryptocurrency as legal tender. The country passed a law in June 2021 mandating its use as legal currency alongside the U.S. dollar. But the first day of the rollout on Sept. 7 hit a roadblock […]
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