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News & Articles By Laura Harris
03/27/2024
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By Laura Harris
53% of Millennial and Gen Z consumers are resorting to “buy now, pay later” services and racking up enormous debt
Recent data from analytics company LexisNexis Risk Solutions found that 53 percent of millennials (ages 30 to 44) and Gen Z (ages 18 to 29) consumers are now using “buy now, pay later” (BNPL) services as a financial lifeline for their daily essentials to adapt to inflation. BNPL providers like Afterpay Limited and Klarna Bank AB have […]
03/26/2024
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By Laura Harris
REPORT: Combined wealth of American billionaires has skyrocketed by 87.6% since the COVID-19 pandemic
A recent Inequality.org report reveals that the combined wealth of American billionaires has skyrocketed by 87.6 percent since the onset of the Wuhan coronavirus (COVID-19) pandemic in March 2020. According to the report, the total wealth of American billionaires has reached a staggering $5.53 trillion as of March 18. The windfall has primarily benefited titans of the tech industry, with […]
03/19/2024
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By Laura Harris
EV COLLAPSE: Automakers are scaling back and delaying their EV plans as consumer demand wanes
The enthusiasm surrounding electric vehicles (EVs) that once swept through the automotive industry is now tapering off as consumer demand misaligns with the industry’s lofty ambitions. For years, automakers had been riding high on optimistic sales projections and ambitious targets for EV growth. From legacy giants like Ford Motor Company and General Motors to luxury […]
03/06/2024
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By Laura Harris
StatCan: Canadian household debt-to-income ratio surpasses levels seen across other G7 countries
Recently released data from Statistics Canada (StatCan) reveals that Canada has clinched the dubious title of having the highest household debt to disposable income level among G7 countries due to the country’s ongoing housing crisis. Real estate constitutes a substantial portion of the average household’s wealth, accounting for approximately 55 percent, while mortgages represent the bulk of their […]
03/05/2024
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By Laura Harris
Kellogg’s CEO faces backlash over “cereal for dinner” campaign amid rising grocery prices
Kellogg’s CEO Gary Pilnick has ignited a social media firestorm after claiming that the “cereal for dinner” campaign is “landing very well” with American consumers. The initiative, which suggests a more affordable dining option for families amid skyrocketing grocery costs in the form of Kellogg’s breakfast ceral products, has faced backlash. In a recent live interview […]
03/01/2024
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By Laura Harris
Macy’s to close 150 underperforming stores across the U.S. by 2026, including flagship San Francisco store
Retail giant Macy’s is set to close 150 underperforming stores nationwide over the next three years as the chain works to stay relevant in the ever-evolving retail industry. The iconic department store chain has decided to cut off around 30 percent of its current fleet, including its flagship store in Union Square, San Francisco, to focus on upgrading the remaining 350 shops, opening 30 […]
02/27/2024
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By Laura Harris
Nike is DOING IT: Sports shoes and apparel giant to cut roughly 1,700 jobs to reduce costs by $2B over the next 3 years
Global sportswear giant Nike has announced plans to lay off roughly 1,700 employees, in a bid to cut costs by $2 billion over the next three years. Last December, Nike revised its revenue forecast and revealed cost-cutting measures as the company faces challenges stemming from changing consumer behavior, increased competition from emerging brands and economic […]
02/27/2024
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By Laura Harris
Biden admin to WIPE OUT $1.2B in federal student loans under new plan – essentially vote-buying using taxpayer money
The Department of Education (ED) has announced the automatic discharge of $1.2 billion in federal student loan debt for 153,000 borrowers under a new income-driven repayment (IDR) plan from President Joe Biden. The Saving on A Valuable Education (SAVE) Plan seeks to provide relief to enrolled borrowers who have diligently made payments for at least 10 years and […]
02/23/2024
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By Laura Harris
Google faces backlash over MASS LAYOFFS in January despite company’s financial success
Tech giant Google has once again come under fire after conducting another round of mass layoffs in January to streamline operations and allocate more resources to artificial intelligence (AI). The job cuts, which affected a thousand employees, included hundreds of workers in the voice assistant sector, hardware teams responsible for Pixel, Nest and Fitbit products, augmented reality, engineering […]
02/20/2024
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By Laura Harris
Analysts warn: Net zero movement to cause SPIKES in food prices and drive farmers out of business
Analysts have warned that the net zero movement will drive food prices even higher and small farmers out of business. Farming requires large investments in heavy equipment and operating costs, especially during the time between planting crops or raising animals and selling them in the market. So, some farmers claim that net zero policies could hurt smaller farms more […]
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