If you’re watching plans to name a new Fed Chair like its a political horse race, Kevin Hassett, the White House economic adviser and front‑runner to replace Jerome Powell looks like the favorite who suddenly hit a rough patch on the final turn. According to a CNBC report…
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The furniture industry has suffered from economic distress this year, with several retail chains closing store locations and a number of them filing for bankruptcy. Common reasons for retailers’ financial problems have included rising labor and product costs driven by inflation, increased tariff …
Oracle (ORCL) reported its Q2 earnings on December 10, after market close. The earnings report disappointed investors, and the stock took a tumble on the following day, closing at $198.85, or 10.8% lower. It continued to slide on Friday, Dec. 12, ending the trading session 4.47% lower with a …
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The craft beer industry has suffered a devastating year in 2025, as over 250 breweries in the U.S. closed down permanently in the first six months of the year. Most craft breweries blamed rising costs, slowing taproom traffic, and fierce retail competition as the reasons for their demise…
People need to eat, but what they eat depends a lot on their budget. Executives from lower-priced chains, including McDonald’s and Dollar General, have commented on how they are seeing sales growth with higher-income customers. “We’re pleased to see growth once again in our total customer count…
Electric vehicle companies such as Rivian must adjust to the new political reality. While the Biden administration was extremely pro-EV, the Trump administration has been the opposite. President Donald Trump’s signature economic agenda this year ended the $7,500 EV tax credit that helped boost …
It’s been a frustrating holiday season for those who have recently been laid off or seen wage growth stagnate even as prices for seemingly everything have increased. Unemployment has risen and is significantly above the levels seen in 2023, while inflation has rebounded since April due to President …
Restaurant chains have faced hundreds of closings in 2025, with some operators forced to file Chapter 11 or Chapter 7 bankruptcy protection to liquidate assets. In some cases, restaurant chains shut down all locations without filing for bankruptcy. That was the case with 88-year-old casual dining …
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