As interest rates hit the highest level in nearly 23 years, demand for mortgages has started to shrink. With rates rising, many prospective homebuyers are now on the sidelines as they can no longer afford to purchase homes at the current rates being offered. This has caused a decrease in demand for mortgages, which in […]
There are currently more than 2,400 Rite Aid locations on the East Coast and West Coast. Reports indicate that the pharmacy chain may look to sell up to 500 of these stores in a bankruptcy filing. The company is struggling with debt and financial losses. It is thought that Rite Aid may explore a potential […]
as two of the reasons. The retailer says it will provide support and assistance for employees affected by the closures, including resources to help them find new employment opportunities. In addition, Target says it is working with law enforcement to increase security in the affected areas.
The Securities and Exchange Commission (SEC) has charged a popular “Cash Flow King” podcast host in connection with an $11 million Ponzi scheme. The podcast host, Paul R. Harper, ran an investment fund called the Full Disclosure Fund. The SEC alleges that Harper misled investors by making false statements about the fund’s performance and the […]
The United Auto Workers (UAW) has announced its intention to expand its ongoing nationwide strike to additional locations, including Detroit, Michigan and Toledo, Ohio, among others. The announcement comes as the UAW strike enters its second week and as GeneralMotors (GM) has yet to agree to a new contract with the union. The UAW has […]
Yes, it is possible for Starbucks to face a lawsuit alleging that its Refresher fruit drinks are missing fruit. Consumers could potentially file a class-action lawsuit alleging that Starbucks’ Refresher products contain less of the promised fruit ingredients than what is portrayed on their packaging. The legal basis for the lawsuit would be that the […]
In response to slowing inflation and increased uncertainty in the economic outlook, the Federal Reserve is pausing its rate hikes. The central bank recently left interest rates unchanged, raising them by only 0.25% this year despite forecasting additional rate hikes of 0.75%. The Federal Reserve stated that they are monitoring incoming data closely, and that […]
Olive oil prices surged to record highs in the summer of 2019 due to a perfect storm of weather, supply shortages, and mounting stockpiles. This caused olive oil prices to rise by more than 100% across the world, sparking a series of thefts and counterfeiting operations. The surge in olive oil prices was driven by […]
Striking autoworkers may be seeking to end a wage system in which two workers performing the same job receive different rates of pay. This can be a complex challenge as employers typically provide different rates of pay based on seniority, training, and performance. To end this system, the union could attempt to renegotiate wages in […]
Detroit’s Big Three automakers—General Motors, Ford, and Fiat Chrysler Automobiles—are vying to be the first to mass-produce electric vehicles, autonomous cars, and connected cars. They are investing billions of dollars in research and development to bring these technologies to the marketplace, as they vie to become leaders in this new era of mobility. GM has […]