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News & Articles By Olivia Cook
08/28/2024
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By Olivia Cook
Government admits 818,000 new jobs were overstated (and never existed): What this LIE means for the abysmal U.S. economy
The Bureau of Labor Statistics (BLS) has found that the number of jobs created in the country this year was much lower than previously thought – revealing that 818,000 of the new jobs reported in March were not real. Recent updates to the U.S. job market data show that the employment situation is not as robust as previously […]
08/20/2024
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By Olivia Cook
Tech firms laid off 124,000 employees worldwide in first 7 months of 2024
The tech industry has seen a continued wave of layoffs throughout July, with more than 8,000 professionals losing their jobs across 34 companies. This brings the current year’s total layoffs to over 124,000 employees from 384 companies worldwide, according to the Times of India. Intel to cut 15,000 jobs Chipmaker Intel is set to reduce […]
07/09/2024
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By Olivia Cook
Fast-casual pizza chain MOD Pizza in the red, considers BANKRUPTCY FILING
Fast-casual restaurant chain MOD Pizza appears to be in the red and is reportedly considering filing for bankruptcy. Bloomberg News first disclosed the development, citing unnamed sources. The report said while bankruptcy is a possibility, MOD Pizza could still choose a different path. The company is “exploring all options” to improve its financial situation, according […]
06/27/2024
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By Olivia Cook
More and more retired Americans returning to work to cope with rising cost of living under Biden’s failing economy
Retirement is a financial milestone many Americans aim for, but more and more retirees are returning to the workforce lately due to financial strains exacerbated by market volatility and inflation. This trend, dubbed “unretirement,” is gaining momentum as retirees seek additional income to cope with rising living costs. Recent surveys reveal that about 44 percent of retirees […]
06/26/2024
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By Olivia Cook
Casual dining restaurant chain Hooters CLOSES several locations nationwide as “restaurant apocalypse” worsens
Casual dining restaurant chain Hooters – known for its iconic wings and the signature Hooters Girls – has announced the closure of several locations across the United States. The closures appear to impact Hooters locations in 14 states. According to Hooters’ owner Nord Bay Capital, economic challenges such as rising food, labor and rent costs […]
06/18/2024
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By Olivia Cook
America is in the middle of a “restaurant apocalypse,” an ominous sign for the U.S. economy
The United States is witnessing a rapid decline in the country’s restaurant industry, notable as a bellwether for gauging the health of the U.S. economy. During economic prosperity, restaurant parking lots are packed and new locations are rapidly popping up. Conversely, during economic downturns, restaurants see a significant drop in patrons and struggling locations often […]
02/14/2024
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By Olivia Cook
Internal report finds Ford can increase its profits by up to 50% if it stops selling EVs
Automaker Ford recently released an earnings projection showing that the company’s profits could soar by 50 percent if it halted production of and investment in electric vehicles (EVs). Amid weaker consumer demand for premium EVs, Ford has already announced that it is slashing production of its F-150 EV Lightning pickup truck – the electric version of […]
02/13/2024
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By Olivia Cook
General Motors to bring back plug-in hybrids as EV market falters
In 2019, General Motors (GM) became the first major American automaker to announce that it was going “all-in” on producing pure electric vehicles (EVs). Now, the company is making a significant shift back into the plug-in hybrid market. This move was announced by CEO Mary Barra during the company’s recent earnings call on Jan. 30. Before […]
02/12/2024
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By Olivia Cook
LAYOFF season continues: PayPal cuts off 9% of its global workforce – roughly 2,500 jobs
PayPal has begun a series of company-wide layoffs that will cut about nine percent of its global workforce – or roughly 2,500 jobs. These job cuts came after new CEO Alex Chriss took over, and came on top of a prior round of dismissals of seven percent last year. In a letter sent to employees, Chriss noted that […]
01/30/2024
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By Olivia Cook
Job cuts in mainstream media outlets could lead to AI TAKEOVER of news industry
Thousands of journalists are facing a stark, scary “new reality” as mainstream news outlets are slashing jobs to stay afloat in the struggling industry. Questions about the future of U.S. journalism have been raised following the news industry’s bad start this year. In January alone, several publishers laid off their employees in a continuation of the […]
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