Newsom’s California Sets the Bar for Poverty in the U.S.
Governor Gavin Newsom frequently compares California’s economy to those of other states like Texas and Florida, as well as other nations. However, one area where California consistently leads the nation…
August CPI Report Signals Lower Inflation, But Price Gouging Still Inflates Grocery Bills
The latest Consumer Price Index (CPI) report from the Federal Reserve, released on Wednesday, offers some relief: inflation has continued to cool, with prices rising just 0.2% in August and…
Big Lots Files for Bankruptcy, Plans Acquisition Amid Store Closures and Stock Plunge
September 10, 2024 Big Lots, the Ohio-based discount retailer, has announced plans to file for bankruptcy as it prepares to be acquired by Nexus Capital Management, a private equity firm…
As Hurricane Francien Targets Texas, Louisiana, and Mississippi, Energy Markets Brace for Impact
Hurricane Francien’s Path and Potential Impact Hurricane Francien, currently centered in the Gulf of Mexico, is forecasted to make landfall in Louisiana by Wednesday, September 11. With maximum sustained winds…
Boeing’s Struggles Deepen: Starliner’s Safe Landing Comes with a Cost
Boeing’s Starliner spacecraft recently returned safely to Earth after a mission to the International Space Station (ISS), but it did so without its crew. NASA astronauts Suni Williams and Butch…
China: “Lift all tariffs on Chinese Goods” We are an opportunity, not a threat to the U.S.
A Modern China: An Opportunity, Not a Threat China’s Ministry of Commerce recently shared a message highlighting a key belief: China, with its massive population, should be seen as an…
Big Lots Faces Financial Crisis: Postpones Earnings Report Amid Bankruptcy Fears
Big Lots, a well-known discount home goods retailer, sent shockwaves through the business world by unexpectedly postponing the release of its financial results. This highly unusual move has raised alarm…
Weak August Jobs Report: Economy adds 142,000 Jobs, Unemployment falls to 4.2%. Recession, Inflation Concerns Remain.
Disappointing U.S. Employment Growth in August In August, U.S. employers added 142,000 jobs, a figure that fell short of expectations and only partially rebounded after previous months’ economic challenges. These…
Truth Social’s Stock Price Hits Further Lows as Trump Returns to X/Twitter
Truth Social (DJT), a social media platform linked to Donald Trump, saw its stock hit an all-time low. Several executives started selling their shares, which caused the stock to drop…
Volkswagen Factory Closures Considered in Germany: Stiff Chinese EV Competition
Volkswagen Considers Factory Closures Volkswagen is thinking about closing factories in Germany for the first time in its 87-year history. This decision comes as the company faces increased competition from…