Category: Economy
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Inside the Aviation Market between the United States and Brazil
Traveling between Brazil and the United States is still more expensive than it used to be. But this is not different from what is happening in the airline industry in other markets as well. Traveling anywhere has become more expensive after the Covid-19 pandemic. However, the air market between Brazil and the U.S. has never…
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USDT Transactions Surge in Brazil
The stablecoin Tether (USDT) has become increasingly popular in Brazil in recent years, representing nearly 80% of all cryptocurrency transactions in the country as of October 2023. Tether (USDT) is a stablecoin, a type of cryptocurrency pegged to the US dollar. This means that each USDT token should be worth exactly $1. USDT is used…
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Restaurant Chains Are Making a Comeback
Restaurant chains, such as Applebee’s, Longhorn Steakhouse, Olive Garden, etc., were once beloved social hubs in the United States, especially in the 1990s. However, the millennial generation gave them a “no thanks,” demanding more diverse flavors, quality, and modern spaces. But after three years of a pandemic and all the changes in the world, particularly…
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Rite Aid Pharmacy Network Files for Bankruptcy
This week, Rite Aid, which was once the largest pharmacy chain in the United States, filed for bankruptcy protection from its creditors and promised to transform the company into a “modern neighborhood pharmacy.” In one of its first steps in this new phase, the company announced it would close 154 stores in more than 10…
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Consumption Grows and the American Economy Continues to Show Signs of Resilience
Retail sales grew 0.7% in September compared to the previous month. This marks the sixth consecutive month of growth. Considering the 0.4% increase in consumer prices in September, inflation-adjusted retail sales rose by 0.3%. Spending increased across most categories last month, with sales in specialty stores rising the most, by 3%. Online sales and automobile…
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Stores Are Closing in Major Cities and the Rise in Theft Is Not the Only Reason
Target recently announced it is closing nine stores in four metropolitan areas: the San Francisco Bay, Portland, Seattle, and New York. The major retailer cited organized crime and retail theft as the reason for the “unsustainable business performance” of such stores. Target is not alone. Other major chains are making the same decision. But it’s…
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Is It Easy for Small Entrepreneurs to Obtain Financing in the U.S.?
It should be. Small business owners have significantly contributed to the American economy for decades. Yet, while access to financing has improved, it is still nowhere near where it should be. This is the conclusion drawn from the newly released report “2023 Women & Minority Business Owner Spotlight” by Bank of America. The study is…
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Two-Thirds of Consumers Are Willing to Switch Providers Due to Fraud Experiences
The flood of scams that flourished during the COVID-19 pandemic and still proliferates today has increased public anxiety regarding fraud. Rampant fraud is also reshaping individuals’ expectations of organizations’ obligations to protect them – and the concessions they are willing to make to enhance security – according to a new study on consumer fraud from…
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Survey: Farmers Observe Significant Impacts of Climate Change on Their Farms
71% of farmers say that climate change is already having a significant impact on their farms, and even more are concerned about the future.
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