"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined"

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

Mexico's regulators impose 10-year special restrictions on Walmart's subsidiary

WAYNE PARRY
December 16, 2024

MEXICO CITY (AP) -- Mexico's anti-monopoly regulators on Monday imposed special conditions for a period of 10 years on Walmart's Mexico subsidiary for allegedly pressuring suppliers.

The decision follows a related $4.6 million fine handed down by the regulators, known as the Federal Competition Commission, for alleged monopolistic practices. Walmart de Mexico said last week it plans to appeal the fine.

The company did not immediately comment on Monday's announcement.

The Federal Competition Commission said Walmart must refrain from pressuring suppliers to grant it any discounts offered to competitors, among other things.

"For 13 years, Walmart used its market power to impose abusive conditions on its suppliers, gaining illegal advantages over its competitors," the commission wrote in a statement.

"Walmart had a system that allowed it impose discretional discounts, to force its suppliers not to give better prices or terms to other stores, seriously affecting them, especially those that were small and medium-sized," the statement said.

Walmart de Mexico -- by far the largest retail chain in Mexico -- described the case as unfair and claimed it contained "errors in applying the law."

The anti-monopoly agency, which is soon to be eliminated, levied the fine after at least one rival store chain accused Walmart of using its substantial purchasing power to gain discounts that put other sellers at a disadvantage.

Walmart de Mexico's shares fell about 2.5% on the Mexican stock exchange Monday.

Continue Reading...

Popular

Italy's privacy watchdog fines OpenAI for ChatGPT's violations in collecting users personal data

ROME (AP) — Italy’s data protection watchdog said Friday it has fined OpenAI 15 million euros ($15.6 million) after wrapping up a probe into the collection of personal data by the U.S. artificial intelligence company's popular chatbot ChatGPT.

Cathie Wood's Thursday Moves: Dumps Buzzing Stocks Tesla And Palantir

On Thursday, Dec. 19, 2024 Cathie Wood-led Ark Invest sold shares of Tesla and Palantir, both of which have run up considerably for the month.

Wall St Legend: Buy This Stock Before Inauguration - Ad

This is the best election year for stocks since 1936. But according to one 50-year insider, not everything is as rosy as it seems on Wall Street...

Millions of people may get expanded Social Security benefits. Who are they and how would it happen?

ATLANTA (AP) — Nearly 3 million people could receive a boost in payments under legislation set for a final Senate vote in the coming days.

Real estate brothers Oren and Alon Alexander remain in custody on sex trafficking and rape charges

MIAMI (AP) — Prominent real estate broker Oren Alexander and his twin brother Alon will remain in custody following their initial court appearance in Miami on Friday.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

American Airlines settles lawsuit filed by 3 Black men who were ordered off a flight

American Airlines said Thursday it has settled a filed by three Black men who were ordered to deboard a flight last January.

JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.

A Strange Twist Is About to Hit the AI Market That Almost Nobody Sees Coming... - Ad

If you have any money in AI stocks right now, or if you're even thinking about it, you need to see what's going on. The truth is, the moves we've seen in tech and AI stocks over the last couple of months could be the start of something much bigger. That's why I've put together this special presentation with Wall Street legend, Charles Mizrahi.

Musk ascends as a political force beyond his wealth by tanking budget deal

In the first major flex of his influence since was elected, brought to a sudden halt a by posting constantly on his X megaphone and threatening Republicans with primary challenges.

Russian central bank holds rates steady at 21% amid criticism from key business figures

Russia's central bank has left its benchmark interest rate at 21%, holding off on further increases as it struggles to snuff out inflation fueled by the government's spending on the war against Ukraine.

Elon's New Tech Could Be Bigger Than Tesla & SpaceX... Combined - Ad

Forget rockets or brain implants... Elon's new AI product could be his biggest invention yet. Jeff Brown tried it himself recently and caught his experience on camera. See this footage because according to Tesla Magazine, this new product "could well shape the technological and economic future of our society."

Beshear says food company to create 925 jobs in Kentucky, adding to the state's economic momentum

FRANKFORT, Ky. (AP) — A food company has chosen Kentucky for a facility that will employ more than 900 people, Gov. Andy Beshear said Thursday, saying the project ranks as the fifth-largest jobs project since he took office.

Senate begins final push to expand Social Security benefits for millions of people

WASHINGTON (AP) — The Senate is pushing toward a vote on to millions of people, setting up potential passage in the final days of the lame-duck Congress.

Wall St. Icon: "If You Wait On This, It Will Already Be Too Late" - Ad

If you have a significant amount of money in the stock market right now -- or if you're sitting on the sidelines waiting to make a move -- you DO NOT want to miss my latest research. My goal is to get as many people as I can in front of what's coming. If you wait until your hand is forced, it will already be too late. You absolutely MUST get on the right side of this thing.

DOJ files complaint against CVS for facilitating unlawful sale of prescription opioids

The Justice Department unsealed a civil complaint Wednesday alleging CVS Pharmacy Inc. and various subsidiaries filled “unlawful” prescriptions in violation of the federal Controlled Substances Act.

Stock market today: Asian shares are mixed after Nasdaq sets a record ahead of Fed meeting

BANGKOK (AP) — Shares were mixed in Asia on Tuesday after the Nasdaq set a record ahead of a meeting by the later this week that could set the direction for markets in the new year.

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

2 killed and 3 injured when freight train derails in small West Texas city

PECOS, Texas (AP) — Two Union Pacific employees were killed and three people were injured when a freight train collided with a tractor-trailer and derailed in a small West Texas city, authorities said Thursday.

Scary Accurate AI Money Map Shows Strange Twist Coming for the Market - Ad

Over the last 5 years, this "scary accurate" AI Money Map has helped investors get in on the right stocks, at the right time -- during this AI revolution... Now it shows a strange twist is coming for the AI market that almost nobody sees coming... And worse still, no one's being warned about.

Georgia's outgoing president urges EU to use more leverage to back protesters

BRUSSELS (AP) — Georgia’s outgoing president on Wednesday appealed to the European Union to press her country’s pro-Russia government to hold a new election amid a police crackdown on peaceful opposition protesters.

Did You See Trump's Bombshell Exec. Order 001? - Ad

Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001." It's a bombshell law that Trump could sign within minutes of stepping into the Oval Office... And it will instantly set off the most sweeping government technology project in 80 years... The most lucrative, too...

MacKenzie Scott gives rare third gift to medical debt relief group

MacKenzie Scott continues to make medical debt relief a priority in her mysterious giving.

New charges target ex-Miami congressman for lobbying on behalf of sanctioned Venezuelan tycoon

MIAMI (AP) — A federal grand jury in Washington has returned an indictment against former Congressman David Rivera for failing to register as a foreign agent of a sanctioned Venezuelan media tycoon on whose behalf the Miami Republican allegedly lobbied the Trump administration.

Tech Funds Are Hemorrhaging Cash: Sell This Stock Now - Ad

U.S. technology funds are HEMORRHAGING cash. It's the biggest selloff since the 2022 bear market. A 50-year Wall Street veteran just explained everything you need to know. For now, he's pounding the table on the No. 1 tech stock to BUY before 2024 comes to an end... And the No. 1 tech stock Wall Street says to sell NOW.

Alberta's premier says Americans will pay a lot more for gas if Trump applies 25% tariffs on Canada

TORONTO (AP) — The premier of Canada's oil-rich province of said on Thursday that Americans will pay a lot more for gas if President-elect Donald Trump .

What's Going On With Viking Therapeutics Stock On Wednesday?

Merck partners with Hansoh Pharma for GLP-1 drug development, while analysts highlight Viking's obesity assets as key for future growth.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

NTSB trying to determine why tractor-trailer stopped on train tracks before deadly West Texas crash

PECOS, Texas (AP) — Federal officials investigating the between at Union Pacific train and a tractor-trailer hauling a wind turbine base said Friday they were trying to determine why the tractor-trailer was stopped on the tracks, leading to the crash that derailed the train and propelled the enormous wind turbine base into the air.

PEPE Surges 27% Over The Week Powered By Crypto Exchange Listings As Dogecoin, Shiba Inu Get Left Behind

Frog-themed cryptocurrency Pepe (CRYPTO: PEPE) was one of the most successful meme coins over the last week, outperforming the more names in the field. 

Trump's Shocking Plan to Go All-in on Radical New "Quantum Energy"? - Ad

It's 17,000 times more powerful than gas... 2.75 million times more powerful than coal... and a staggering... 3 million times more powerful than oil. It could also save the United States as much as $2.2 trillion every year in energy costs. It's no wonder this incredible new energy source is a major Trump priority.

Trudeau's Government Loses A Top Negotiator Ahead Of Trump's Second Term

Chrystia Freeland, Canadian Finance Minister and Deputy PM, resigns over disagreements with Justin Trudeau on anticipated U.S. tariffs. USD/CAD rose 0.11%.

Rising butter prices give European consumers and bakers a bad taste

PARIS (AP) — Pastry chef Arnaud Delmontel rolls out dough and pain au chocolat that later emerge golden and fragrant from the oven in his Paris patisserie.

Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

ABC agrees to give $15 million to Donald Trump's presidential library to settle defamation lawsuit

NEW YORK (AP) — ABC News has agreed to pay $15 million toward Donald Trump’s presidential library to settle a lawsuit over anchor George Stephanopoulos' inaccurate on-air assertion that the president-elect had been found civilly liable for raping writer E. Jean Carroll.

US effort to curb China's and Russia's access to advanced computer chips 'inadequate,' report finds

WASHINGTON (AP) — The Commerce Department's efforts and to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons, according to a published Wednesday by the Senate's Permanent Subcommittee on Investigations.

Man Who Called Nvidia Says "Buy These Five AI Stocks." - Ad

In 2016, Jeff Brown called Nvidia at a split-adjusted 66 cents. The company just became the world's third $3 trillion company...And the stock is up massively since Jeff's recommendation. Now, Jeff has found five under-the-radar stocks which could power your retirement. And it's in large part because these companies are connected to Elon Musk and Nvidia.

Sidus Space Closes $14.1 Million Capital Raise: Details

Sidus Space shares are down in premarket trading after the company closed a $14.1 million private placement offering.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service