marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
business
05/17/2024
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By Laura Harris
Chinese EV hatchback threatening to disrupt U.S. auto sales with very low price and claims of efficiency
A Chinese electric hatchback car has ignited fears among American automakers and politicians as it makes itself more marketable to Americans while it carves a path through the global automotive industry. In 2023, Chinese electric car manufacturing giant BYD launched Seagull, a budget-friendly electric hatchback or city car billed as performing and having craftsmanship comparable to […]
04/09/2024
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By Ava Grace
Apple announces LAYOFFS of more than 600 workers
Tech giant Apple is set to lay off more than 600 employees in its California offices, marking its first major wave of job cuts after the Wuhan coronavirus (COVID-19) pandemic. According to the Epoch Times, 614 employees across multiple Apple offices in Santa Clara, California will be impacted by the impending job cuts. “The company did not […]
04/08/2024
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By Ramon Tomey
California discount chain 99 Cents Only announces permanent closure, begins liquidation
The California discount chain 99 Cents Only (99CO) has called it quits after more than four decades in the business, announcing that it will close for good. The company headquartered in Commerce, California announced its permanent shutdown in an April 4 press release. According to the statement, 99CO partnered with financial services firm Hilco Global […]
04/08/2024
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By Ramon Tomey
Soft-serve joint in California closes down due to new state law mandating $20 hourly salary for fast food workers
A Foster’s Freeze location in Lemoore, California has closed down for good as a result of the Golden State’s new law mandating an hourly rate of $20 for fast food workers. According to KFSN 30, the milkshake joint’s location in Lemoore was forced to stop operations permanently on April 1. The move was no April […]
03/19/2024
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By Ava Grace
Tyson Foods hit with BOYCOTT for ditching Americans workers and hiring illegals
Food processing giant Tyson Foods has been hit with a boycott over its move to ditch American workers and hire illegals for its operations. According to the Daily Mail, angry shoppers are boycotting products from the $53-million meat company. The issue stems from its decision to close plants in five states – Iowa, Virginia, Arkansas, […]
03/15/2024
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By Belle Carter
Experts warn about restaurants and fast food chains raising food prices during peak hours
As labor costs are skyrocketing, experts warn that restaurants may be experimenting with dynamic menu prices where customers would expect big surcharges for peak times and rising staffing demand. Dynamic pricing, a term used for charging higher rates at peak times and dropping them at slower ones, has become commonplace in industries such as e-commerce, […]
03/15/2024
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By Ramon Tomey
Dollar Tree announces plans to close down 1,000 stores due to INFLATION and RETAIL THEFT
Variety store chain Dollar Tree has announced plans to close 1,000 Family Dollar stores due to inflation and retail theft. Dollar Tree CEO Rick Dreiling confirmed the impending store closures on March 13. About 600 Family Dollar stores will be closed in the first half of 2024, while roughly 370 Family Dollar stores will shutter […]
03/06/2024
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By Ramon Tomey
Customers face long waiting times at big-box retailers as companies LOCK UP ITEMS to stop thieves
Amid a wave of shoplifting sprees, big-box retailers like Target and Walmart have resorted to locking up their items – at the cost of long waiting times for customers who want to purchase them. “In a significant effort to address the increasing problem of shoplifting, [the two] major retailers have taken an unprecedented step by […]
02/15/2024
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By Ava Grace
Soft-on-crime policies, failure to stop retail theft trigger closures of major retailers in blue cities
While businesses blame the rise of online shopping and fall of in-store profits for closures in urban centers, insiders beg to differ. They point to the limitations of unarmed security staff and soft-on-crime policies in blue cities. Sean Salai of the Washington Times outlined three such instances of unarmed security staff meeting tragic fates in […]
02/06/2024
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By Ethan Huff
China’s central bank attempting to spark growth in 2024 by SLASHING banks’ reserve requirements
Last year was a lackluster year for China’s economy, so China’s central bank, the People’s Bank of China, is slashing the reserve requirements for banks in an effort to spark the appearance of economic growth in 2024. With lower reserve requirements, Chinese banks will be able to boost lending to households and businesses, which the […]
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