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News & Articles By Ava Grace
11/05/2024
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By Ava Grace
PepsiCo to shut down four bottling plants and cut over 400 jobs
International beverage and snacks giant PepsiCo has announced its plans to shut down four bottling plants in the United States, laying off nearly 400 workers. The New York-based company said it will be closing bottling plants in Cincinnati, Chicago, Atlanta and Harrisburg, Pennsylvania in an effort to streamline its operations. Affected employees will be paid […]
10/29/2024
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By Ava Grace
Denny’s to shut 150 of its most underperforming restaurants in the U.S. by end of 2025
Diner-style restaurant chain Denny’s has announced that it is closing 150 of its lowest-performing restaurants in the United States in an effort to turn around the brand’s flagging sales. About half of the closures will happen this year and the rest in 2025, the company said during a meeting with investors, with the goal of strengthening […]
10/28/2024
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By Ava Grace
STUDY: More American households are living paycheck to paycheck
A Bank of America study has found that more and more American households are living paycheck to paycheck (PTP), including a significant proportion of households that earn six-figures annually. This is far more than the percentage of Americans in dire financial straits five years ago. In a report this month, the bank analyzed internal data to estimate […]
10/24/2024
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By Ava Grace
Gallup poll: Most Americans feel worse off today than four years ago
A new Gallup poll released shows that a majority of Americans feel they are worse off today than they were four years ago. The Gallup survey was a callback to former President Ronald Reagan, who famously asked his opponent, then-incumbent President Jimmy Carter, during a 1980 debate: “Are you better off than you were four […]
10/21/2024
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By Ava Grace
34% of electric car owners in Germany switched back to combustion engine cars this year
Thirty-four percent of all electric car owners in Germany have opted to get rid of their electric vehicles so far this year and instead bought a combustion engine car. This is according to data from Huk-Coburg, Germany’s largest car insurer. The data also shows that the number of EV owners in Germany who switch back to […]
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 […]
10/16/2024
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By Ava Grace
Boeing lays off 10% of workforce amid declining company value, ongoing strike and failing products
Boeing has announced that it is laying off approximately 10 percent of its workforce. In a memo, Boeing CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make “tough decisions” to stay competitive. The layoffs mean around 17,000 employees will no longer have a job at the company. Ortberg added that the […]
10/02/2024
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By Ava Grace
Corporate media lays off hundreds of journalists and employees
Hundreds of journalists and employees have already been laid off this year by corporate media companies. The Washington Post, Los Angeles Times, Time, Conde Nast, Sports Illustrated, Business Insider, New York Daily News, National Geographic and the Baltimore Sun have all been in the news for wrong reasons – layoffs, cost-cutting, labor walkouts or bleak prognosticating. Significant […]
10/01/2024
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By Ava Grace
BRICS announces new payment system for cross-currency exchanges, dealing a SERIOUS BLOW to the dollar
The BRICS bloc has announced a new payment system for cross-currency exchanges, part of its long-term plan to move away from the dollar. Russian Foreign Minister Sergey Lavrov announced that the nine-member group is working toward the creation of the new payment system without the integration of the U.S. dollar called BRICS Pay. He added […]
09/30/2024
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By Ava Grace
127 Pizza Hut branches to close down as franchisee files for bankruptcy
The franchisee of some 127 branches of Pizza Hut across five states in the South and Midwest has put them up for sale after filing for bankruptcy in July due to mounting debts. Those branches are now at risk of closing for good. Moreover, some 15 locations of the pizza parlor in Indiana and Ohio were […]
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