marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
corporations
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 […]
11/19/2024
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By Ava Grace
DNA testing giant 23AndMe terminates 40% of its workforce amid falling revenues
DNA-testing giant 23AndMe is laying off 40 percent of its workforce, amounting to about 200 employees who will soon be out of a job. The company will also be discontinuing its therapeutics division as it struggles to slash costs amid rising operational expenditures. In a prepared statement, 23AndMe CEO and co-founder Anne Wojcicki said the […]
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 […]
09/25/2024
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By Ethan Huff
Volkswagen to trim upwards of 30,000 German employees as global economy falters
German auto giant Volkswagen is having trouble selling cars, which means a large number of the company’s employees is now on the chopping block. The latest reports suggest that VW could end up laying off 30,000 of its 300,000 German employees as part of a massive restructuring plan. Between 4,000 and 6,000 of the company’s […]
09/24/2024
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By Ava Grace
Michigan auto workers blame Biden-Harris EV mandates for industry job cuts
Autoworkers in Michigan are pointing their fingers at the electric vehicle (EV) mandates by the Biden-Harris administration as the main reason for job cuts in their industry. Many workers from major car makers like Stellantis – which makes Chrysler, Jeep and Dodge vehicles – and Ford have been affected by job cuts, given that the […]
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 […]
09/09/2024
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By Olivia Cook
Net zero pledges EVAPORATE: 96% of Big Corporations walking away from climate commitments
About 96 percent of Big Corporations that have announced major climate investment pledges are quietly stepping away from these significant commitments. On Sept. 1, a report by Jo Nova revealed that a staggering 96 percent of major corporations are quietly stepping away from their climate commitments. Many of these companies, which once made bold promises to […]
09/05/2024
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By Olivia Cook
Big Lots reportedly faces possible bankruptcy amid plummeting stock prices
Big Lots, Inc., a prominent discount retailer in the United States, is reportedly on the brink of filing for Chapter 11 bankruptcy protections due to several years of declining sales. The company is expected to follow through by asking for bankruptcy protection in the coming weeks if it can’t secure new investors. The Ohio-based chain revealed […]
09/05/2024
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By Ava Grace
Federal judge finds Nigerian fintech Tingo Group guilty of financial fraud
Financial technology company Tingo Group Inc. and its CEO were found liable for fraud by a federal judge after they failed to respond to a Securities and Exchange Commission (SEC) lawsuit accusing them of overstating financial results. The SEC sued Tingo and two related companies in December, alleging they booked billions of dollars in fraudulent transactions through two Nigerian […]
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