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News & Articles By Ramon Tomey
09/07/2021
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By Ramon Tomey
Survey: Argentinians believe inflation will hit 50% in 2022
Argentinians believe that inflation will hit a record high of 50 percent by next year, according to a survey. The poll conducted by Torcuato di Tella University (UTDT) in Buenos Aires found that the projected 50.2 percent rise is the highest average reading since it started surveying citizens in 2006. The prediction came as the […]
08/19/2021
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By Ramon Tomey
Bank of America analyst dubs Moderna stock price as ridiculous
An analyst for Bank of America (BofA) has dubbed Moderna’s current stock price as “ridiculous.” BofA Securities Analyst Geoff Meacham said the Massachusetts-based biotechnology firm’s valuation is “unjustifiable on a fundamental basis.” Meacham’s Aug. 10 analysis ultimately suggested that Moderna’s stock should be 75 percent lower than its current price. Meacham wrote that Moderna’s valuation went “from unreasonable to […]
08/13/2021
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By Ramon Tomey
Hackers target Poly Network crypto platform, steal more than $600 million
Hackers targeted cryptocurrency platform Poly Network and stole $611 million worth of crypto tokens. Poly Network confirmed the hack – suspected to be the largest decentralized finance (DeFi) fraud – on Aug. 10. The platform promised legal action against the hackers and called on crypto exchanges to block the stolen tokens. A Cryptonews report provided […]
08/07/2021
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By Ramon Tomey
Shortage of truck drivers in the US forces companies to look overseas
The U.S. has faced a chronic lack of truck drivers for some time now. The Wuhan coronavirus (COVID-19) pandemic has also made matters worse by triggering early retirements and increased demand for shipped goods. Thus, shipping companies have looked to other countries to fill in much-needed vacancies for truck drivers. According to an April 2021 […]
08/02/2021
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By Ramon Tomey
New home sales drop to lowest level since pandemic began as engineered economic implosion spreads
Sales of newly built homes plunged to their lowest level in June 2021, data from the U.S. Census Bureau (USCB) revealed. A July 26 statement by the USCB said new home sales dropped to 676,000 in that month. This was the lowest number of home sales recorded by the USCB since the beginning of the […]
07/30/2021
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By Ramon Tomey
Some states resume paying out federal benefits after citizens sue
Jobless Americans sued their respective states after the latter ended their participation in the federal government’s unemployment benefits program. Judges in Maryland and Indiana sided with the plaintiffs who were affected by the premature end of the extra aid. The judges ruled that payouts for the $300 weekly benefit must resume until the suits are […]
07/23/2021
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By Ramon Tomey
Bitcoin’s 50 percent drop in value hits crypto loans and derivatives
The 2021 Bitcoin bubble is showing signs of deflation, negatively impacting previously optimistic forecasts on the cryptocurrency. Its current trading price of around $31,700 is near the lower end of its range for the past two months. The price also reflects a fall of about 50 percent from its highest prices this past April. Bitcoin’s drop affected a $1.3 […]
07/22/2021
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By Ramon Tomey
States ending pandemic unemployment benefits see increase in jobs as more people decide to work
States that opted out of the federal government’s pandemic unemployment benefits program in June saw an increase in their job numbers. According to the Daily Caller, these mostly Republican states experienced a 33 percent drop in new jobless claims compared to the roughly 4 percent drop in states that did not. Stagnating job growth and […]
07/07/2021
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By Ramon Tomey
States that stopped federal pandemic benefits see rapid job recovery gains
While the Wuhan coronavirus (COVID-19) pandemic saw record levels of unemployment in the United States, several states are now seeing their job markets recover at a faster rate after ending unemployment benefits. Twenty-six states have opted out of the expanded unemployment benefits program ahead of its Sept. 6 expiration, 25 of which have Republican governors. Many economists […]
05/18/2021
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By Ramon Tomey
Supply shortages are leading to price hikes, worsening inflation
Economic analysts have raised the alarm bells on possible supply shortages for raw materials. These shortages, alongside logistical hurdles, have forced many firms to warn about a possible price hike. Because of these foreboding signs, many are bracing for possible inflation to occur amid the ongoing COVID-19 pandemic. According to data from JPMorgan Chase & […]
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