Record High of Unsold New Homes Plagues US South: What’s Behind the Surge?

In the US South, the number of unsold new homes has hit an all-time high, particularly in Florida and Texas. In June, 293,000 newly built houses were still on the…

Texas and Florida See More Red Lobster Closures Than California

Just over two months ago, Red Lobster, a beloved seafood chain known for its cheddar bay biscuits, filed for Chapter 11 bankruptcy. Since then, at least seven additional locations across…

Florida Condo Crisis Deepens: DeSantis Passes the Buck to Legislators

As condominium owners throughout the state face significant hikes in their homeowner association assessments, Florida Gov. Ron DeSantis said it’s up to the Legislature to convene a special session to…

Ford Stock Plummets 18.4%, Worst Drop Since 2008

Detroit — Ford Motor Company is leading a drop in major U.S. automotive stocks this week because of disappointing results and doubts from investors about future performance. Ford’s shares closed…

Chipotle Expected to Thrive Amid Consumer Spending Slowdown

Chipotle is expected to maintain its leading position in the restaurant industry, even as consumers become more cautious with their spending. The burrito chain, based in California, will report its…

The Real Cost of Capitalism: An Inside Look at America’s Most Shoplifted Items

Packed meat, such as steak, lamb, and bacon, is frequently stolen from supermarkets and convenience stores. These items are expensive and in high demand, making them easy to sell door-to-door…

McDonald’s $5 Value Meal Extension May Hurt California Franchisees

McDonald’s has decided to extend its popular $5 meal deal through August, a promotion initially set to end in July. This decision follows a strong vote from franchisees, with 93%…

Market Signals: 100% Certainty of Fed Rate Cut by Fall

Traders are now completely sure that the Federal Reserve will lower interest rates by September. According to the CME FedWatch tool, there is a 93.3% chance that the Fed’s target…

Hemp Companies Brace for Major Federal Law Overhaul and Stock Price Impacts

Federal law changes could bring significant impacts to hemp farmers across the United States, affecting their operations and profitability. The recent legislative proposals and amendments aim to modify regulations surrounding…

Financial Struggles at Disney: The Cost of Cultural Inclusivity

In recent years, Walt Disney (NYSE: DIS) has faced a challenging period. The stock, which recently dipped below $100, is struggling to regain the momentum it had in the early…