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10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
10/18/2024
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By Ava Grace
Hardware store True Value files for BANKRUPTCY, sells business to rival Do It Best
Hardware store True Value has filed for bankruptcy and has agreed to sell its business to rival chain Do It Best. True Value filed for bankruptcy on Oct. 14, indicating total liabilities between $500 million and $1 billion. The company said in court filings that it has succumbed to slumping sales that have affected other […]
10/17/2024
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By Ramon Tomey
Car buyers in Germany shifting back to gas-powered vehicles after trying out EVs
Car buyers in Germany are switching back to internal combustion engine (ICE) vehicles powered by gasoline or diesel after trying out electric vehicles (EVs). Remix News reported on this finding, citing data from Huk-Coburg, Germany’s largest auto insurance company. According to the firm’s numbers, 34 percent of all EV owners switched back to an ICE […]
10/16/2024
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By Laura Harris
HUD ANNUAL STUDY: Homelessness on the rise due to rising housing costs, poverty and the expiration of pandemic relief measures
The Department of Housing and Urban Development (HUD) has revealed that homelessness in the United States is on the rise due to rising housing costs, poverty and the expiration of pandemic-related relief measures. According to the HUD annual study, homelessness has been on an upward trajectory for six consecutive years, with significant growth observed since 2019. […]
10/16/2024
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By Ava Grace
Boeing lays off 10% of workforce amid declining company value, ongoing strike and failing products
Boeing has announced that it is laying off approximately 10 percent of its workforce. In a memo, Boeing CEO Kelly Ortberg announced the layoffs, writing that the aerospace giant must make “tough decisions” to stay competitive. The layoffs mean around 17,000 employees will no longer have a job at the company. Ortberg added that the […]
10/16/2024
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By Laura Harris
7-Eleven to close 444 underperforming stores across North America as retail economy continues to crater
Popular convenience store chain 7-Eleven has announced the closure of 444 underperforming stores across North America, as the Japanese-owned corporation responds to changing consumer habits and ongoing inflationary pressures. According to its Tokyo-based parent company Seven & I Holdings, the closure will only affect around three percent of 7-Eleven’s over 13,000 stores across the United […]
10/15/2024
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By Laura Harris
McDonald’s will likely revamp value meal as Bidenomics continues to strain the wallets of lower-income customers
Mcdonald’s Chief Executive Officer Chris Kempczinski has announced that the fast food giant will likely “revamp” its value meal as President Joe Biden’s economic program, also known as “Bidenomics,” continues to strain the wallets of lower-income customers. In July, McDonald’s reported a decline in same-store sales for the first time in nearly four years, a […]
10/11/2024
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By Ethan Huff
Gazprom CEO says EU is committing “energy suicide” by boycotting cheap Russian gas
Germany faces its second consecutive year of economic recession thanks to the European Union (EU) globalists who cut off Europe’s supply of cheap energy from Russia in a temper tantrum over the situation in Ukraine. All that inexpensive, abundant gas that used to flow through the now-destroyed Nord Stream pipelines is no longer fueling Germany’s […]
10/10/2024
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By Richard Brown
German industrial orders plummet 5.8%, casting doubts on economic recovery
German industrial orders fell significantly more than anticipated in August, raising concerns about the manufacturing sector’s recovery in Europe’s largest economy. The federal statistics office reported a 5.8 percent decline in orders compared to the previous month, adjusted for seasonal and calendar variations. Analysts surveyed by Reuters had predicted a more moderate decrease of 2.0 […]
10/08/2024
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By Laura Harris
REPORT: About 70% of counties in battleground states now depend on government aid programs
A new Economic Innovation Group (EIG) analysis has revealed that 70 percent of counties in battleground states now depend on government aid programs. The EIG study, which examined Social Security, Medicaid, unemployment insurance and food stamps, found that on average, the federal government shoulders about 70 percent of the costs, with states covering the remainder. Notably, spending […]
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