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News & Articles By Belle Carter
02/09/2023
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By Belle Carter
SUPPLY CHAIN SILLINESS: Biden to slap 200% tariff on Russian aluminum to “commemorate” Ukraine invasion anniversary
President Joe Biden is planning to slap a 200 percent tariff on Russian-made aluminum soon. This is to ramp up the pressure on Moscow over its war in Ukraine as the anniversary of the invasion nears. “It’s something we are considering,” a U.S. official said, but noted that the announcement about any tariff increase is not […]
02/08/2023
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By Belle Carter
Beleaguered Western commodities buyers rely on China’s refined lead, zinc
China became a net exporter of zinc and lead for 2022, which led to analysts pointing out that the communist nation “came to the rescue” of beleaguered Western buyers for both metals. According to Reuters, China exported 116,500 tons of refined lead last year – the highest outflow volume since 2007. It also marked a […]
02/07/2023
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By Belle Carter
FedEx announces end of SameDay City delivery service as demand plunges
Logistics giant FedEx has announced the end of its SameDay City delivery service after a decade of operation. The retirement of what was dubbed as “the fastest local shipping option” came amid a drop in demand in the transportation industry. FedEx Office, a unit of the transportation conglomerate, broke the news on Feb. 3. According […]
02/03/2023
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By Belle Carter
PayPal to lay off 2,000 employees as part of a larger effort to reduce spending
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” the firm’s CEO Dan Schulman said in a statement. The company’s […]
02/02/2023
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By Belle Carter
Precious metals expert predicts new silver bull market in the next 3-5 years
Rick Rule, a renowned investor and precious metals expert, has noted that macroeconomic factors are currently setting up an extremely bullish market for gold. Once this momentum is established, he added, movement into silver will start because of its low unit cost. “As soon as this starts, the upside can be tremendous,” Rule told host […]
02/02/2023
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By Belle Carter
Government watchdog flags potentially fraudulent pandemic loans amounting to $5.4B
A government watchdog has found $5.4 billion worth of potentially fraudulent loans taken out at the height of the Wuhan coronavirus (COVID-19) pandemic. The Pandemic Response Accountability Committee (PRAC) recently issued an alert identifying 69,323 questionable Social Security numbers used to obtain billions from the COVID-19 Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program […]
02/02/2023
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By Belle Carter
Zoomers and millennials who posted “Day in the Life” videos FIRED from cushy Big Tech jobs
Many Big Tech companies have undergone massive retrenchment of employees, with analysts and industry experts pinning the blame on incorrect projections and misallocation of investments and funds. It’s hard not to feel sorry for the tens of thousands of Big Tech employees who recently lost their jobs. However, the news site Revolver presented another angle to the layoffs […]
02/01/2023
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By Belle Carter
NY Rep. Tenney: Biden should slash federal spending amid debt ceiling battle
New York Rep. Claudia Tenney said President Joe Biden should compromise and implement austerity measures on federal spending. The Big Apple representative made the remark during a recent interview with “Wake Up America” host Rob Finnerty. Tenney was reacting to House Speaker Kevin McCarthy’s interview footage about his scheduled meeting with the president regarding the debt ceiling battle. […]
01/26/2023
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By Belle Carter
Government watchdog: Over $60B lost to pandemic unemployment benefits fraud
The Government Accountability Office (GAO) has stated in a report that more than $60 billion was lost to unemployment insurance fraud during the Wuhan coronavirus (COVID-19) pandemic. According to the government watchdog’s report made public on Jan. 23, state workforce agencies proved $4.3 billion were fraudulently claimed. Moreover, at least $45 billion in transactions, while not […]
01/26/2023
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By Belle Carter
NY Stock Exchange cancels early trades after glitch impacts 200+ stocks
The New York Stock Exchange (NYSE) canceled early trades Tuesday, Jan. 24, after a technical issue halted trading in more than 200 stocks. According to the exchange’s website, it “commenced continuous trading in 2,824 of 3,421 NYSE-listed securities without attempting to conduct an opening auction due to a technical issue.” The snag was “determined to be […]
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