Super Micro Stock Crashes Amid Delayed Annual Report and Allegations of Accounting Misconduct
Super Micro Computer (SMCI) experienced a significant drop in its stock value, plummeting by as much as 26% on Wednesday. This sharp decline followed the company’s announcement of a delay…
Gilligan’s Space Adventure: Boeing’s 3-Hour Tour Leaves Astronauts—and Stock—Stranded
Boeing, once a titan of the aerospace industry, is now under the microscope as a series of safety issues continue to plague the company. The latest incident involved an Alaska…
Red Lobster Closing More Restaurants Amid Bankruptcy. Here’s the Locations
Further Red Lobster Closures Amid Bankruptcy In the latest development of Red Lobster’s bankruptcy proceedings, more locations are set to close in the coming days. This decision follows the seafood…
Seattle’s $26.40 Minimum Wage Under Fire: Uber CEO Predicts Economic Downfall
The ongoing wage controversy in Seattle has drawn significant attention, particularly due to claims made by Uber CEO Dara Khosrowshahi. The debate centers around Seattle’s recently implemented minimum wage law…
Feds’ Lawsuit Against Software Firm for Rent Collusion Could Trigger Nationwide Housing Downturn
The Department of Justice (DOJ) has recently filed a high-stakes lawsuit against RealPage Inc., a software company accused of facilitating a nationwide conspiracy among major landlords to fix rent prices.…
United Auto Workers (UAW) Union Poised for Nationwide Strike
Tensions Rise Between UAW and Stellantis The United Auto Workers (UAW) union is gearing up for a potential nationwide strike against Stellantis, the automaker behind well-known brands like Jeep, Ram,…
More Tech Layoffs: General Motors Slashes 1,000+ Jobs in Major Software Division Shakeup
GM’s Recent Job Cuts in Software Division In August 2024, General Motors (GM) made headlines with its decision to lay off more than 1,000 employees from its software and services…
Should I Claim Social Security at 62? Depends How Long You Live
Some people in the United States choose to start collecting Social Security benefits as soon as they are eligible, which can be as early as age 62. Social Security provides…
Resilient Consumer Spending Fuels Economic Growth Amid Uncertainty
Resilient Consumer Spending: A Pillar of Economic Growth Despite concerns over economic slowdowns, U.S. consumer spending has remained surprisingly resilient in 2024. Retail sales, a crucial indicator of economic health,…
Missouri Investment Rule Targeting ‘Woke Politics’ Struck Down by Federal Court
Missouri’s Investment Rule Challenged in Court A recent federal court ruling has overturned a Missouri investment regulation designed to address so-called “woke” investment practices. The rule, issued by Missouri Secretary…