marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
business
12/11/2024
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By S.D. Wells
One of the BIGGEST BANKS in the world is … STARBUCKS?
Sure, everyone knows if they want some expensive coffee loaded with GMO sugar and conventional dairy products, just drive a mile or less around the corner and grab some Starbucks. What you didn’t know is that Starbucks has more liquid lute in their “bank” than almost any other actual big-name bank in the nation. How’s […]
11/08/2024
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By Ramon Tomey
Anti-Israel boycott forces major French supermarket to leave Jordan
A major French supermarket has announced the closure of all its locations in the Hashemite Kingdom of Jordan, amid a boycott targeting businesses that support Israel. Grocery chain Carrefour confirmed on Monday, Nov. 4, the closure of all its locations in the country on its Facebook page. The business also apologized for any “inconvenience this […]
10/18/2024
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By Ava Grace
Hardware store True Value files for BANKRUPTCY, sells business to rival Do It Best
Hardware store True Value has filed for bankruptcy and has agreed to sell its business to rival chain Do It Best. True Value filed for bankruptcy on Oct. 14, indicating total liabilities between $500 million and $1 billion. The company said in court filings that it has succumbed to slumping sales that have affected other […]
09/13/2024
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By Olivia Cook
Volvo abandons goal of becoming pure electric carmaker as demand for EVs plunges
Swedish carmaker Volvo has abandoned its goal to pivot toward an all-electric product line as demand for electric vehicles (EVs) plunges. The company made this announcement on Sept. 4, citing “softening demand for pure battery-powered cars” as per Euronews. Before the announcement, Volvo had already laid out its ambitious goal of becoming an all-electric car […]
09/03/2024
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By News Editors
The final depressing chapters for the late, great U.S. economy
It is incredibly sad to watch the U.S. economy slowly but surely come apart at the seams all around us. For most of our history, the rest of the world marveled at our economic performance, and that is because we embraced economic values that led to great blessing. In recent decades, we have abandoned those […]
08/29/2024
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By Ava Grace
Auto giant Ford scales back EV production due to LOUSY SALES
The Ford Motor Company has scaled back its electric vehicle (EV) production due to lousy sales. On Aug. 21, the automaker said it was scrapping plans for a sizeable all-electric sport utility vehicle (SUV) and delaying production of its all-electric F-150 Lightning pickup truck to the second half of 2027. It also plans to sell […]
08/23/2024
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By Ava Grace
Pharmacy chain Rite Aid suddenly SHUTTING DOWN ALL STORES in Ohio and Michigan
Pharmacy chain Rite Aid has announced plans to close all its stores in Ohio and Michigan, sending customers scrambling to transfer their prescriptions as a result. The drugstore chain once boasted of having more outlets in the country than its rivals, having operated 4,000 drugstores coast to coast in 1999. But 25 years on, Rite […]
08/19/2024
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By Ava Grace
Major U.S. flooring supplier files for BANKRUPTCY and plans to close 94 stores nationwide
A major flooring materials supplier in the U.S. has filed for bankruptcy and plans to close 94 of its locations across the country. The Daily Mail reported that LL Flooring filed for Chapter 11 bankruptcy protection in Delaware on Aug. 11. A Chapter 11 filing allows companies to continue running their business while they work […]
08/19/2024
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By Ethan Huff
Home Depot blaming higher interest rates for plummeting sales, profit outlook
The nation’s largest home improvement retailer is anticipating financial problems in the coming months as the overinflated American economy reaches a breaking point. Even though Home Depot reported second-quarter earnings and sales expectations, things are not as rosy for the coming quarters. The company expects a coming consumer slowdown that will coincide with the upcoming […]
08/11/2024
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By Laura Harris
RETAIL COLLAPSE ACCELERATES: Discount homeware chain Big Lots is closing 315 stores due to financial struggles and declining sales
A discount homewares store chain in the United States is shutting down 315 stores across multiple states due to growing financial woes, the beleaguered retailer revealed in a regulatory filing to the Securities and Exchange Commission (SEC). Big Lots, which accounts for approximately 1,392 stores across the country, warned its financial regulators that its earnings have consistently fallen over the […]
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