Articles by Jace Dela Cruz


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Argentina Devalues Its Currency by 50% as Part of Shock Economic Measures
Argentina has announced a sharp devaluation of its currency, the Argentine peso, which will be devalued by 50%.
Federal Reserve Will Begin Interest Rate Cuts in June 2024, Survey Finds
According to the latest CNBC Fed Survey, there is a growing expectation that the Federal Reserve will initiate rate cuts in June 2024.
Fortnite Maker Epic Games Wins Antitrust Lawsuit Against Google
Epic Games has accused Google of unlawfully making its Play Store dominant over rivals, and a US jury recently agreed with the creator of the Fortnite game.
IMF Approves $900 Million for Ukraine as Volodymyr Zelenskyy Makes Plea for US Aid Ahead of Joe Biden Meeting
The International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine. Amid the economic challenges intensified by its conflict with Russia, the International Monetary Fund (IMF) has approved a $900 million disbursement for Ukraine as part of an ongoing long-term loan.
India Dethrones Hong Kong as the World’s 7th Largest Stock Market
India has taken the spot of Hong Kong as the world's seventh-largest stock market. India has taken the spot of Hong Kong as the world's seventh-largest stock market, marking a significant shift in global financial standings.
US, China Risk a 'New Cold War' as Economic and Trade Conflicts Escalate, IMF Official Warns
The US and China risk a "new Cold War" as economic and trade conflicts escalate, according to an IMF official.
Hasbro To Lay Off 1,100 Employees as It Struggles With Weak Toy Sales Amid Holiday Season
Toy company Hasbro is set to lay off approximately 1,100 employees as part of its ongoing efforts to navigate the challenging market conditions.
Warren Buffett-Led Conglomerate Berkshire Hathaway Cuts Stake in HP to 5.2%
The Warren Buffett-led conglomerate Berkshire Hathaway has cut its stake in HP to 5.2%. The Warren Buffett-led conglomerate Berkshire Hathaway has cut its stake in HP to 5.
Macy's Receives $5.8 Billion Buyout Offer: Report
Department store chain Macy's Inc. has reportedly received a buyout offer amounting to $5.8 billion.
Biden Under Scrutiny for Supplying Tank Shells to Israel Without Congress' Approval
The Biden administration is facing heightened scrutiny for supplying tank shells to Israel without obtaining congressional approval.
Wall Street Experts See Solid Potential in These 3 Stocks
Wall Street analysts have named three promising stocks to invest in. Retail investors are struggling to navigate the fluctuating stock market as economic data comes in and the Federal Reserve's rate decision approaches.
US Economy Is Still Robust With Labor Market Adding 199,000 Jobs in November
The US workforce added 199,000 jobs in November, and the unemployment rate fell to 3.7% as the world's largest economy continues to struggle with higher interest rates.
Maximizing Social Security Retirement Benefits: Experts Reveal Strategies to Get Bigger Monthly Checks
Experts reveal strategies to boost Social Security retirement benefits to help people get bigger monthly checks.
Why Billionaire Tech Leader Romesh Wadhwani Is Investing $1 Billion on AI's Future
Billionaire tech leader Romesh Wadhwani, 75, has expressed a sense of falling behind in the rapidly evolving landscape of artificial intelligence (AI).
Investing Experts Say Now Is the Best Time to Invest in Small- and Midsize-Company Stocks — Here's Why
Amid the dominance of large-company stocks, investing experts suggest that now is an opportune time to explore smaller firms' stocks.
Vladimir Putin: Russia Becoming 'New Global Growth Center' Despite Western Isolation
Russian President Vladimir Putin has asserted that the economic isolation Russia faces due to international sanctions is even helping the country to transform into a "growth center" in a "new global economy."
Elon Musk Trashes Bob Iger, Says Disney CEO Should Be 'Fired Immediately'
Elon Musk has called for the immediate ouster of Disney CEO Bob Iger. Elon Musk has escalated his feud with Disney CEO Bob Iger, taking to his social media platform, X, to call for his immediate ouster.
JPMorgan Chase Gives Gloomy Outlook, Says 99% of Americans Will Be Worse off Financially in 2024 Than Pre-Pandemic
JPMorgan Chase claims that 99% of Americans have already exhausted the excess savings they accumulated during the COVID-19 pandemic.
SPAIN-TELECOM-TECHNOLOGY
Advanced Micro Devices (AMD) has experienced a notable spike in its shares after unveiling its new artificial intelligence (AI) chips.
 Paypal Australia Unit Used Unfair Term in Small Business Contracts, Court Finds
Amazon has informed its users that it will stop accepting Venmo as a payment method starting January 10.
Italy Formally Withdraws From Belt and Road Agreement With China
Italy has officially informed China that it is withdrawing from the Belt and Road Initiative (BRI), marking a significant shift in its international economic alliances.
EU to Delay Tariffs on UK Electric Vehicles for 3 Years, Offers €3 Billion to Boost Battery Manufacturing
The European Commission has proposed a three-year delay in implementing tariffs on electric vehicles (EVs) traded between the United Kingdom (UK) and the European Union (EU).
Saudi Arabia Offers 30-Year Tax Exemption Package for Foreign Companies
Saudi Arabia has unveiled a 30-year tax exemption package for foreign companies that want to establish their regional headquarters in the kingdom.
Walmart CEO Doug McMillon Admits Consumer Spending Trend Tougher to Predict in 2024 as Shoppers Spend Cautiously
Walmart CEO Doug McMillon has expressed a cautious outlook on consumer spending in 2024. Walmart CEO Doug McMillon has expressed a cautious outlook on consumer spending in 2024, emphasizing uncertainties surrounding shoppers' purchasing power amid higher credit card balances and shrinking household bank accounts.
McDonald's First CosMc's Spinoff Restaurant to Open This Week in Illinois
McDonald's has unveiled its latest venture, CosMc's, a new spinoff brand that promises a unique and extraterrestrial fast-food experience.
After Blackpink Renews Contract With YG Entertainment, K-Pop Agency Shares Spike 29%
After announcing the renewal of exclusive contracts with all four members of Blackpink, YG Entertainment experienced a significant surge in its stock value.
Abercrombie & Fitch Sued by Ex-CEO Mike Jeffries, Demanding to Cover Legal Fees Related to Sexual Abuse Lawsuit
Former Abercrombie & Fitch Co. CEO Michael Jeffries has taken legal action against the apparel retailer.
Trading on Terror? Israel Investigates Claims Some Traders Knew Hamas' Attack Plan and Profited off It
Authorities in Israel are currently investigating unusual trading activities that occurred just days before the October 7 Hamas attack.
Apple's Market Cap Climbs Back Above $3 Trillion for the First Time Since August
Apple's market capitalization has again reached the $3 trillion milestone after its shares experienced a 2% climb to $193.42 per share on Tuesday.
Elon Musk's AI Startup X.AI Seeks to Raise $1 Billion From Equity Investors
Elon Musk's artificial intelligence startup X.AI reportedly seeks to raise up to $1 billion in funding from equity investors.
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