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News & Articles By Laura Harris
06/20/2024
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By Laura Harris
America’s largest private bus company officially files for BANKRUPTCY
Coach USA, the operator of Megabus and two dozen other commuter bus lines in the United States and Canada, has officially filed for bankruptcy protection. According to the documents filed in bankruptcy court in Wilmington, Delaware on June 18, Coach USA, the largest privately owned bus company in the U.S., filed for Chapter 11 bankruptcy protection due to […]
06/13/2024
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By Laura Harris
RETAIL DECLINE: Walmart has shut down 9 stores so far this year
A retail analyst’s prediction eight years ago about the retail apocalypse turned out to be true, as Walmart recently announced the shuttering of nine “underperforming” stores in four states this year alone. The first two stores to close this year were in California, with the San Diego and El Cajon locations shutting their doors on Feb. 9. These were […]
05/28/2024
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By Laura Harris
6 Fast food companies increased their prices by 77.4% in 51 months, outpacing the 21.5% inflation rate over the same period
A recent report from The Street reveals that six American fast food companies have increased their prices by 77.4 percent in a span of 51 months, far outpacing the inflation rate over the same period. According to the Bureau of Labor Statistics inflation calculator, the overall inflation rate between December 2019 and March 2024 is about 21.5 percent. Over […]
05/20/2024
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By Laura Harris
Almost 50% of small businesses say they’re NOT going to survive a second Biden term
A new RedBalloon and PublicSquare report reveals that nearly half of small businesses in the United States believe they “definitely” or “probably” don’t stand a chance to survive another four years of Joe Biden presidency. The survey, which polled 80,000 small businesses, found that 22.4 percent of respondents think they definitely don’t stand a chance to survive another four years under the […]
05/17/2024
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By Laura Harris
Chinese EV hatchback threatening to disrupt U.S. auto sales with very low price and claims of efficiency
A Chinese electric hatchback car has ignited fears among American automakers and politicians as it makes itself more marketable to Americans while it carves a path through the global automotive industry. In 2023, Chinese electric car manufacturing giant BYD launched Seagull, a budget-friendly electric hatchback or city car billed as performing and having craftsmanship comparable to […]
05/05/2024
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By Laura Harris
POLL: 68% of Americans believe the U.S. is “out of control” under Biden
A recent YouGov/The Economist poll reveals that 68 percent of Americans believe that the United States has become “out of control” under the leadership of President Joe Biden. The poll, conducted among 1,755 Americans from April 28 to 30, asked the respondents how they perceive “things in this country these days.” Sixty-eight percent of respondents believe that the nation is […]
04/30/2024
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By Laura Harris
REPORT: 29% of Americans earn above the poverty line but still LESS than what they need to comfortably get by
Nearly 40 million families, or 29 percent of the total American population, are earning above the poverty line but less than what they need to get by. This is according to data from the nonprofit United Way, which described these 29 percent of Americans as falling in the category of ALICE, or Asset Limited, Income Constrained […]
04/30/2024
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By Laura Harris
SHORT CIRCUIT: Ford’s electric vehicle unit lost $1.3 BILLION in first quarter of 2024
Ford Motor Company has reported $1.3 billion in losses on its Model E sector or a staggering $132,000 loss for each of the 10,000 vehicles sold during the first quarter of 2024. The electric vehicle (EV) unit, known as Model E, saw a 20 percent decrease in sales compared to 2023, with only 10,000 EVs sold in the first […]
04/29/2024
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By Laura Harris
Housing costs soar by 5.2% due to rising mortgage rates and low housing supply
A new report from real estate company Redfin warns that the cost of buying a house in the United States has increased by 5.2 percent due to rising mortgage rates, soaring home prices and persistently low housing supply. According to the report, the median home price in the U.S. is now at $380,250, which is just $3,095 shy […]
04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
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