marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
corporations
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 […]
04/30/2024
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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 […]
04/15/2024
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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 […]
04/09/2024
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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 […]
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 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 Ava Grace
Volvo CUTS FUNDING to subsidiary Polestar, which produces electric vehicles
Volvo recently announced that it has cut off funding to its electric vehicle (EV) subsidiary Polestar, despite the fact that the Swedish automaker was among the first to embrace electric cars. The company said in a statement that its Chinese partner Geely Holding “will continue to provide full operational and financial support to Polestar going forward.” […]
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