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News & Articles By Laura Harris
08/22/2024
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By Laura Harris
NOT SENSIBLE: Obama-era economist slams Harris’ grocery price control plan
An economist from the Obama administration thinks Vice President Kamala Harris’ price control plan is “not sensible.” The Democratic presidential nominee said during an Aug. 14 event that she plans to implement a federal price-fixing plan on grocery chains and their suppliers. The move ostensible aims to combat “corporate price gouging” at grocery stores and other everyday expenses. “My […]
08/12/2024
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By Laura Harris
EV sales in Germany plummet as government subsidies disappear
The sales of full electric vehicles (EVs) in Germany have plummeted by 36.8 percent after the government cut off incentives for EV purchases in December. Germany, the largest EV market in the European Union, brought an early end to subsidies for buying EVs in December 2023 as part of a last-minute deal to pass the budget […]
08/11/2024
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By Laura Harris
RETAIL COLLAPSE ACCELERATES: Discount homeware chain Big Lots is closing 315 stores due to financial struggles and declining sales
A discount homewares store chain in the United States is shutting down 315 stores across multiple states due to growing financial woes, the beleaguered retailer revealed in a regulatory filing to the Securities and Exchange Commission (SEC). Big Lots, which accounts for approximately 1,392 stores across the country, warned its financial regulators that its earnings have consistently fallen over the […]
07/30/2024
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By Laura Harris
MONEY DRAIN: Ford lost $2.5B on its EV segment in the first half of 2024
The Ford Motor Company has lost nearly $2.5 billion on its Model E segment over the first half of 2024. According to its latest financial report, Ford’s losses in its electric vehicle (EV) segment have worsened despite a notable increase in sales volume. For the second quarter of 2024, Ford sold 23,957 EVs – a 61 […]
07/16/2024
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By Laura Harris
Study finds home ownership in California has become increasingly unattainable due to disparities between wages and housing prices
A recent Harvard University housing study has revealed that buying a home in California became increasingly unattainable for many residents in 2o23 due to growing disparities between wages and housing prices. The study, titled “The State of the Nation’s Housing 2024,” found that Bay Area cities of San Jose, Sunnyvale and Santa Clara, right in the middle of Silicon […]
07/08/2024
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By Laura Harris
Survey finds three out of four Americans feel financially insecure
An annual survey by consumer financial services firm Bankrate has found that three out of four Americans feel financially insecure. The Bankrate Financial Freedom survey, conducted with YouGov, also found that within the 75 percent of Americans who feel financially insecure, 45 percent believe they will eventually achieve financial security while the remaining 30 percent feel […]
07/01/2024
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By Laura Harris
Walgreens to shut down underperforming stores and reduce investment in primary-care businesses
The chief executive of pharmacy chain Walgreens Boots Alliance has announced the company’s plan to close underperforming stores and reduce investment in the primary-care business. During an interview with the Wall Street Journal, Tim Wentworth, who became CEO last October after a career in managing drug benefits, revealed that Walgreens experienced a 10 percent drop in pre-market trading on […]
06/26/2024
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By Laura Harris
RIGGED: Report finds alleged 2023 job gains in California and actual employment figures DO NOT MATCH
A newly published report from California’s Legislative Analyst’s Office (LAO) reveals that the state government’s claims of massive job growth in the Golden State are false. The LAO’s latest report, “Newest Early Jobs Revision Shows No Net Job Growth During 2023,” reveals a stark contrast between previously reported job gains and actual employment figures in its labor market. The […]
06/25/2024
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By Laura Harris
Rite Aid to CLOSE 27 more stores due to ongoing bankruptcy proceedings
Rite Aid, one of America’s largest drugstore chains, recently announced its plan to close 27 more stores due to ongoing bankruptcy proceedings. According to a “notice of additional closing stores” filed with the U.S. Bankruptcy Court of the District of New Jersey on June 17, Rite Aid closed 15 stores in Ohio and 12 in Michigan. This brought […]
06/20/2024
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By Laura Harris
EV startup Fisker files for bankruptcy after suspending production
Electric vehicle startup Fisker has filed for bankruptcy protections to sell its assets and restructure its debt after it suspended production. Earlier this year, the company’s founder, automotive designer Henrik Fisker, already expressed his doubts about the company’s ability to remain in business. The company’s failure to secure a crucial investment from Japanese automobile giant Nissan […]
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