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News & Articles By Laura Harris
03/29/2024
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By Laura Harris
REPORT: Renting is now cheaper than owning a house in America’s 50 biggest metro areas
A recent Realtor.com report found that renting has emerged as more cost-effective than buying homes across all 50 metro areas in the United States as home prices soar and mortgage rates escalate. Realtor.com, a company operated by News Corp. subsidiary Move Inc., determines the monthly expense of home ownership by aggregating the median listing prices of studio, one-bedroom and two-bedroom […]
03/27/2024
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By Laura Harris
53% of Millennial and Gen Z consumers are resorting to “buy now, pay later” services and racking up enormous debt
Recent data from analytics company LexisNexis Risk Solutions found that 53 percent of millennials (ages 30 to 44) and Gen Z (ages 18 to 29) consumers are now using “buy now, pay later” (BNPL) services as a financial lifeline for their daily essentials to adapt to inflation. BNPL providers like Afterpay Limited and Klarna Bank AB have […]
03/19/2024
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By Laura Harris
EV COLLAPSE: Automakers are scaling back and delaying their EV plans as consumer demand wanes
The enthusiasm surrounding electric vehicles (EVs) that once swept through the automotive industry is now tapering off as consumer demand misaligns with the industry’s lofty ambitions. For years, automakers had been riding high on optimistic sales projections and ambitious targets for EV growth. From legacy giants like Ford Motor Company and General Motors to luxury […]
03/06/2024
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By Laura Harris
StatCan: Canadian household debt-to-income ratio surpasses levels seen across other G7 countries
Recently released data from Statistics Canada (StatCan) reveals that Canada has clinched the dubious title of having the highest household debt to disposable income level among G7 countries due to the country’s ongoing housing crisis. Real estate constitutes a substantial portion of the average household’s wealth, accounting for approximately 55 percent, while mortgages represent the bulk of their […]
02/27/2024
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By Laura Harris
Nike is DOING IT: Sports shoes and apparel giant to cut roughly 1,700 jobs to reduce costs by $2B over the next 3 years
Global sportswear giant Nike has announced plans to lay off roughly 1,700 employees, in a bid to cut costs by $2 billion over the next three years. Last December, Nike revised its revenue forecast and revealed cost-cutting measures as the company faces challenges stemming from changing consumer behavior, increased competition from emerging brands and economic […]
01/29/2024
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By Laura Harris
Apple to launch own EV in 2028 after SCRAPPING plans to create a fully autonomous car
Tech mega-corporation Apple is planning to launch its first-ever electric vehicle (EV) in 2028 after years of setbacks, executive turnover and ambitious visions of creating a fully autonomous vehicle without a steering wheel. The EV project, known as Project Titan and T172, has been marred by leadership changes, strategy shifts, layoffs and multiple delays since its […]
01/26/2024
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By Laura Harris
LA Times lays off over 20% of newsroom workforce in desperate effort to stop financial losses
The Los Angeles Times, one of the oldest journalistic institutions in the United States, has laid off at least 115 employees, representing more than 20 percent of its newsroom workforce to address financial struggles. The newspaper described its recent mass layoffs as “one of the largest workforce reductions in the history of the 142-year-old institution.” Since biotech billionaire Dr. Patrick […]
01/16/2024
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By Laura Harris
Woke Pixar Animation Studios of Walt Disney to cut 20% of its workforce
Pixar Animation Studios, a subsidiary of Walt Disney, is set to cut 20 percent of its workforce as it wraps up production on some projects. Pixar, renowned for its iconic cinematic franchises such as “Toy Story,” “The Incredibles” and “Finding Nemo,” faced a slow start with the release of its movie “Elemental” in 2023. Disney, as a whole, has […]
01/16/2024
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By Laura Harris
Amazon’s popular livestreaming platform Twitch to cut 35% of workforce due to financial concerns and mounting losses
Popular Amazon-owned livestreaming platform Twitch is set to cut over 500 employees, or approximately 35 percent of its workforce, due to financial concerns and mounting losses. The livestreaming platform, which supports a staggering 1.8 billion hours of live video content per month, has intensified its focus on advertising in recent years. However, nine years after Amazon’s […]
01/11/2024
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By Laura Harris
Rasmussen poll: 45% of Americans financially WORSE OFF under Biden compared to a year ago
Forty-five percent of Americans – almost half – believe they are worse off financially under the Biden administration’s economic policies compared to a year ago, according to a recent Rasmussen Reports survey. The survey that was conducted just after the Christmas season polled 1,102 participants. It revealed that 45 percent feel financially strained compared to […]
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