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Business

“Apple is no longer the world’s most valuable company”

May 12, 2022

“Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading… Continue Reading…

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Economy

“Rents reach ‘insane’ levels across US with no end in sight”

February 21, 2022

“…In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. And nowhere was the jump bigger than in the Miami metro… Continue Reading…

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Economy

“‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis”

November 30, 2021

“Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. The signs of economic distress in Turkey are all too clear as the lira continues a dizzying slide. Sporadic protests have broken out around Turkey and… Continue Reading…

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Economy

“…More Than 100 Million Not in Labor Force for 14th Straight Month; No Job, Not Looking”

November 5, 2021

“The Labor Department’s Bureau of Labor Statistics announced on Friday that 100,450,000 people in this country were not in the labor force in October, up 38,000 from the 100,412,000 in September. This is the 14th straight month that this “not… Continue Reading…

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Economy, Precious Metals

“Global Silver Shortage: No More Orders at the US Mint”

June 4, 2021

“Citing what it called a “global silver shortage,” the U.S. Mint is not going to take orders next month for certain silver coins. “The global silver shortage has driven demand for many of our bullion and numismatic products to record… Continue Reading…

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Business

“Robinhood Users Say Accounts Were Looted, No One to Call”

October 10, 2020

“It took Soraya Bagheri a day to learn that 450 shares of Moderna Inc. had been liquidated in her Robinhood account and that $10,000 in withdrawals were pending. But after alerting the online brokerage to what she believed was a… Continue Reading…

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Stocks

“Penny Stock Boom Sparks 4,300% Gain in Indian Firm With No Sales”

August 28, 2020

“Retail investors’ frenzy over small stocks in India has reached such extremes that shares of some companies that aren’t booking any sales, let alone profits, are going through the roof. These include Transglobe Foods Ltd., a fruit-jam maker that has… Continue Reading…

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Personal Finance

“Survey: Nearly 4 in 10 Americans would borrow money to cover a $1K emergency”

January 23, 2020

“…Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) would cover the cost of a $1,000 car repair or emergency room visit using savings. The findings echo what previous Bankrate studies and others —… Continue Reading…

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Banking, Economy

“Ex-Fed boss Greenspan says ‘there is no barrier’ to Treasury yields falling below zero”

August 19, 2019

“There is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there’s no reason why U.S. government bond yields couldn’t join much of the developed world in the subzero… Continue Reading…

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Economy

“1 in 4 Americans have no plans to retire”

July 11, 2019

“Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals’ retirement plans and the realities of aging in the workforce… According to the poll from The Associated Press-NORC Center for… Continue Reading…

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