Argentine Workers Stage a Protest Less than 2 months into President Javier Milei Elected Term
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Argentine workers have staged a protest less than 2 months into president Javier Milei’s elected term, how has the economy been affected? It has been 4 months since the Arm Holdings Company had their IPO, how has the company been performing since? and the troubles for Boeing gets worse as US regulators have now ordered the company to seize and desist from any further productions of the 737 Max 9 aircrafts. When President Javier Milei took office about 2 months ago, he had promised that he was going to change the way Argentina would do things, he had done something that no other world leader has ever done before. He devalued the Argentine pesos against the US Dollar by about 50%. Less than 2 months into his term and inflation within Argentina the worst of any Latin American country, skyrocketing to 211%, President Milei’s plan to cut spending and increase privatization, are now seeming to be a tall tale. The government has announced that anyone found to be partaking within the strike will lose a day’s pay however it is not written in law and if any infringement is made to transportation or the roads, then that person can be fined or even sentenced to spend time within jail. All is not lost as yet though as the General Confederation of Labour (GCL) had actually gotten the courts to temporarily halt some measures as it pertains to labour within the decree. The governing party in power has shared that the stringent and harsh measures are needed as the country has been living with enormous spending that has done nothing but leave the country with a huge fiscal deficit, triple digit inflation and now a US$44 Billion dollar deal with the International Monetary Fund (IMF). Now the most anticipated and largest IPO that was held in 2023 during a time when economies were suffering from high inflation rates, rising interest rates and low investor confidence as many worried a recession was coming, not only in the United States of America but throughout other economies worldwide has been trading publicly and we have decided to take a look into the company 4 months since it’s debut on the NYSE. Arm Holdings was considered the largest chip maker for cellphones accounting for about 95% of the global phone market. Many investors and analysts had feared that the valuation was too large and not much growth would be experienced for the future. But one thing those analysts forgot to take into consideration was innovation and creativity. Arm has now shifted their focus from just mobile phone chip making to computers and they already have the infrastructure to go large scale with it. The new chip developed by Arm’s Qualcomm Snapdragon Elite X, based on the Oryon processor is said to have 12 CPU Cores peaking at 4.3GHz. Qualcomm had invited special reporters to observe 20 Oryon powered laptops being tested until October 30, 2023, the same day as Apple had launched the M3 series chip. Qualcomm has a much larger market share and reach, by targeting Windows powered laptops, Apple’s direct competitors in the laptop world and who has far more OS users than Apple. With these new upgrades, Windows machines are now expected to finally give the Macbooks a well deserved competition in terms of their processor, speed and performance. US regulators have ordered a seize and desist operation for the Boeing 737 Max 9 aircrafts. The FAA has hinted that the Boeing 737 Max aircrafts that were grounded after a blowout on an Alaska Airlines flight may resume flights in the next coming days once inspections are completed.  This was welcomed by Alaska Airlines and the United Airlines who had to cancel thousands of flights resulting in a loss of revenues for the companies. Alaska Airlines and United Airlines are currently getting more and more frustrated with Boeing who have brought nothing more than worries and pain to their revenue stream since ordering and using the 737 Max line.
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