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News & Articles By Belle Carter
09/21/2022
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By Belle Carter
Inflation in Argentina up almost 79% in August, virtually guaranteeing another interest rate hike
The annual inflation in Argentina went up 78.5 percent in August, virtually guaranteeing another interest rate hike by the country’s central bank. Business news outlet Bloomberg said the surge was faster than the 78.2 percent median estimate from analysts and marked a new three-decade high, according to government data. Consumer prices soared seven percent from one […]
09/16/2022
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By Belle Carter
63% of small business are now on hiring freeze, 10% laying off employees
The demand for labor in small businesses in the U.S. hit record-low in August as 63 percent are now putting their hiring on hold because they can’t afford to augment their workforce. Also, 10 percent of small businesses laid off employees last month. These numbers were based from a recent Alignable Research Center poll. For comparison, […]
09/14/2022
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By Belle Carter
Gregory Mannarino: Financial system meltdown begins as engineered liquidity dries up in the market
Finance expert and full-time capital markets trader Gregory Mannarino warned that engineered liquidity is drying up in the market. Given this, he called on his followers to start preparing for the massive “economic collapse.” “I have been saying for 10 years at one point, a meltdown in the debt market is going to occur. You […]
09/08/2022
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By Belle Carter
Renowned investor Jeremy Grantham warns: Stock market SUPERBUBBLE will eventually burst
Renowned investor Jeremy Grantham warned the public that the current “superbubble” in stocks and other assets will eventually burst, leading to an “epic” and “tragic” occurrence. The British stock market expert and co-founder of Boston-based asset management firm Grantham, Mayo & van Otterloo (GMO) issued his warning through a letter to his firm’s clients. He […]
09/06/2022
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By Belle Carter
Russia to halt oil exports to nations that impose price cap on Russian crude
Russia will ban exports of oil and other petroleum products to countries that would impose a cap on the price of Russian crude. Russia’s Deputy Prime Minister Alexander Novak made the announcement on September 1, a day before finance ministers from the Group of Seven (G-7) most industrialized countries met to discuss the price cap. “We will simply […]
09/04/2022
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By Belle Carter
More Americans rely on food banks amid record-high inflation
Recently, long queues of cars lined up outside North Texas Food Bank (NTFB) waiting for care packages. Two years ago, at the height of the Wuhan coronavirus (COVID-19) pandemic, the same demand for food banks was observed as thousands of locked down hungry and unemployed people needed support. This time, it was due to the […]
09/01/2022
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By Belle Carter
Goldman Sachs warns UK inflation could peak above 22% if energy prices remain high
Goldman Sachs has warned that inflation in the U.K. could soar above 22 percent next year should energy prices continue at current high levels. According to a research note released by the investment bank, headline inflation could peak at 22.4 percent and the gross domestic product could drop by 3.4 percent if wholesale gas and electricity […]
09/01/2022
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By Belle Carter
Census Bureau: 3.8 Million renters likely to be evicted in the next 2 months
The Census Bureau’s latest data revealed a total of 8.5 million renters were behind on their rent at the end of August and 3.8 million of them are very likely to be evicted in the next two months. The Eviction Lab at Princeton University said in August that evictions were 52 percent above average in […]
08/31/2022
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By Belle Carter
Honda, LG to build $4.4 billion electric vehicle battery plant in the US
Japanese vehicle manufacturer Honda Motor and South Korean battery maker LG Energy Solution will invest in a $4.4 billion lithium-ion battery plant for electric vehicles (EVs) in the United States, the two companies announced on August 29. Both companies stated that this venture will enhance electric vehicle production and improve the timely supply of batteries, […]
08/25/2022
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By Belle Carter
Europe’s economy plummets as war in Ukraine drags on
As the world slowly eased out of the Wuhan coronavirus (COVID-19) pandemic restrictions, economic activities were expected to boom as businesses and consumers accept the “new normal,” but then the Ukraine war erupted and crises started cascading. Europe is now facing a looming recession, enduring record-high inflation and continuing energy shortage. This outlook is even […]
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