marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
businesses
01/26/2024
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By Ethan Huff
Insolvency experts warn: More than 47,000 U.K. businesses on “brink of collapse” as global economy crumbles
The number of businesses in the United Kingdom facing “critical” financial distress in the final three months of 2023 skyrocketed by 25 percent, according to a new report. And 47,000 of them are now on the brink of going under entirely as conditions worsen. Despite continued government claims that economic conditions are just dandy, the […]
07/05/2023
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By Zoey Sky
Businesses in major US cities refusing to take cash payments due to “brutal” series of robberies
For modern shoppers, cashless payments are a convenient option if you want to skip counting bills and coins while paying for your groceries. But for store owners and employees in California, it’s an option that has helped protect businesses from robbers. More businesses in Oakland, California, are refusing to accept cash payments as they try […]
11/29/2022
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By Arsenio Toledo
Mississippi-based furniture manufacturer fired 2,700 workers through texts and emails days before Thanksgiving
One of the largest furniture businesses in the United States fired around 2,700 workers through texts and emails right before midnight on Nov. 21 and in the early morning hours of Nov. 22, while many were still sleeping. United Furniture Industries, based out of Mississippi, sent the messages to its workers, most of whom live in […]
12/03/2021
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By Arsenio Toledo
Companies believe supply chain issues, labor shortages are main causes of inflation crisis
The Federal Reserve found in a survey that companies believe supply chain bottleneck issues and low worker retention rates are some of the main causes of the inflation crisis in the United States. The survey was conducted by the Fed’s 12 regional banks. “Nearly all districts reported robust wage growth,” said the Fed. “Hiring struggles and elevated […]
10/06/2020
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By Zoey Sky
Palmer House Hilton hotel hit with foreclosure, the latest blow to the industry by the coronavirus
The Wuhan coronavirus has forced many businesses to shut down. While some industries — like bars and restaurants — have managed to survive, even with restrictions in place, the hospitality industry isn’t as fortunate, with hotels suffering greatly because of the pandemic. A painful example of how the industry has struggled amid the pandemic is the […]
10/01/2020
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By Ramon Tomey
Almost three-quarters of all U.S. hotels to lay off employees due to coronavirus pandemic
The hospitality industry in the U.S. has been reeling from the effects of the coronavirus pandemic, with hotels furloughing their staff – if not laying them off. In fact, 74 percent of hotels would be forced to lay off more employees if the federal government does not help them tide over. A study released by […]
04/28/2020
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By Ethan Huff
Thousands of US businesses to permanently close due to coronavirus lockdowns
As some states begin the slow process of reopening their economies, many businesses that were forced to shutter due to the Wuhan coronavirus (COVID-19) lockdowns – and especially the smaller ones – might never reopen at all because of their immense losses. With 22 million Americans-and-counting filing for unemployment benefits, many economists are saying that […]
04/05/2020
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By JD Heyes
Liberal states facing a COLLAPSE of state incomes thanks to coronavirus shutdowns: Will pensions collapse, too?
The longer the Wuhan coronavirus (COVID-19) pandemic lasts, the longer governors and mayors will keep ‘stay-at-home’ policies in place, and the longer those last, the longer ‘non-essential’ businesses will be closed and Americans will be laid off from their jobs. And the longer states will be starved for income taxes, which is creating a new […]
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