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News & Articles By Laura Harris
04/30/2024
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By Laura Harris
SHORT CIRCUIT: Ford’s electric vehicle unit lost $1.3 BILLION in first quarter of 2024
Ford Motor Company has reported $1.3 billion in losses on its Model E sector or a staggering $132,000 loss for each of the 10,000 vehicles sold during the first quarter of 2024. The electric vehicle (EV) unit, known as Model E, saw a 20 percent decrease in sales compared to 2023, with only 10,000 EVs sold in the first […]
04/29/2024
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By Laura Harris
Housing costs soar by 5.2% due to rising mortgage rates and low housing supply
A new report from real estate company Redfin warns that the cost of buying a house in the United States has increased by 5.2 percent due to rising mortgage rates, soaring home prices and persistently low housing supply. According to the report, the median home price in the U.S. is now at $380,250, which is just $3,095 shy […]
04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
04/15/2024
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By Laura Harris
Uber and Lyft to stop services in Minneapolis after City Council passes minimum pay rate for rideshare drivers
Rideshare giants Uber and Lyft are threatening to suspend all operations in Minneapolis following the City Council’s decision to enforce a minimum pay rate for rideshare drivers in the city. The ordinance, set to take effect on May 1, mandates rideshare companies like Uber and Lyft to compensate drivers a minimum rate of $1.40 per […]
04/15/2024
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By Laura Harris
Trudeau plans to continue immigration policies despite admitting they have caused decline in wages, housing crisis in Canada
Prime Minister Justin Trudeau has announced that his government will continue bringing in up to 500,000 permanent immigrants to Canada annually, despite openly admitting that his immigration policies have contributed to declining wages and housing crisis. In a media conference at Dartmouth, Nova Scotia, on April 2, a journalist asked Trudeau how his policies have contributed […]
03/29/2024
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By Laura Harris
REPORT: Renting is now cheaper than owning a house in America’s 50 biggest metro areas
A recent Realtor.com report found that renting has emerged as more cost-effective than buying homes across all 50 metro areas in the United States as home prices soar and mortgage rates escalate. Realtor.com, a company operated by News Corp. subsidiary Move Inc., determines the monthly expense of home ownership by aggregating the median listing prices of studio, one-bedroom and two-bedroom […]
03/28/2024
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By Laura Harris
POLL: Inflation and immigration rank as top concerns for voters as Biden and Trump gear up for 2024 rematch
As the political arena gears up for a highly anticipated rematch between President Joe Biden and former President Donald Trump in November, likely voters across the United States have voiced their primary concerns, with inflation, illegal immigration and the economy taking center stage. The poll by Center Square Voters’ Voice and Noble Predictive Insights surveyed […]
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 […]
03/20/2024
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By Laura Harris
Uber agrees to pay $178M to settle lawsuit with over 8,000 taxi drivers in Australia after a 5-year legal battle
After a five-year legal battle with over 8,000 Australian taxi drivers, tech and rideshare firm Uber has finally agreed to pay them AU$272 million ($178 million) to cover all of their financial losses since the ridesharing giant began its unlicensed operations in the country. In 2019, thousands of taxi and car-hire drivers, operators and license […]
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