With California’s recent minimum wage hike, some fast-food franchises are desperate for new strategies to stay afloat. California Minimum Wage In the weeks following California’s new minimum wage laws, which saw the fast food wage rate raised to $20 per hour, fast-food franchise owners have found themselves struggling to turn a profit due to labor […]
Finance
Billionaire Tax Initiative: Advancing Economic Equality
President Biden has unveiled a new tax proposal targeting wealthy individuals and unrealized capital gains in the U.S. The proposal aims to address income inequality and fund veterans and mental health services. An Economic Warcry “Tax the rich!” A cry many of us have heard before. It’s primarily a rallying call among the ranks of […]
Clothing Chain Express Files for Bankruptcy Forcing Closure of 100+ Stores
US retail corporation Express has filed for bankruptcy this week due to flagging sales and revenue loss year after year. Chapter 11 Bankruptcy for Express Clothing retailer Express Inc. has officially filed for Chapter 11 bankruptcy and announced plans to shutter up to 100 stores. Not Moving With the Times? With a portfolio that includes […]
San Francisco’s Controversial $1.7M Public Toilet Now Open
After 2 years of backlash and scrutiny, a public toilet construction project in San Francisco has opened up and arrived under budget, to the relief of local residents. Public Bathroom Causes Backlash Back in 2022, plans to build a public toilet in a San Francisco neighborhood made headlines after the cost of the construction project […]
Why Americans Doubt Electric Cars: 20 Key Reasons
Despite their sleek designs and eco-friendly promises, electric vehicles (EVs) continue to face resistance from die-hard enthusiasts of traditional gas-guzzlers. Delve into the gritty details as we unveil 20 unapologetic reasons why EVs are struggling to win over the hearts of old-school car aficionados. #1. Range Anxiety Concerns about running out of battery power before […]
American Government Plans Interest Rate Drops: Homeowners Could See Huge Savings – Patience Required
Inflation is at an all-time high, but that hasn’t stopped the U.S. Federal Reserve from cutting interest rates by the year’s second quarter. The Only Control During the Pandemic During the pandemic, The Fed increased the interest rate to control high inflation in the hopes of slowing down investment and spending, which can help keep […]
$8.5 Billion Tapestry-Capri Merger Blocked Over Monopoly Fears
The FTC has made another aggressive move to block a corporate merger, this time between two significant players in the luxury shopping and fashion industries. FTC Moves Against Fashion Merger The US Federal Trade Commission has declared its decision to sue to block a merger between luxury fashion brand Tapestry and one of its major […]
What You Need to Know About New York’s $237 Billion Budget Approval
After weeks of debate, negotiation, and a missed deadline, top lawmakers in New York have finalized the state budget. Budget Finally Passed On Saturday New York finally passed its state budget. Though it was finalized three weeks after its April 1 deadline, lawmakers agreed on a $237 billion sum to be dispersed across multiple sectors. […]
Tesla Cuts Prices in Wake of Recalls and Sales Decline
Recently, things have been looking tenuous for the world’s biggest electric vehicle company, with Tesla announcing price drops for several high-ticket products. A Troubled Week for Tesla EV giant Tesla has cut prices on three of its models in the middle of a very tumultuous time, which included the recall of thousands of Cybertrucks and […]
21 Ways Gen X Shaped the Economy
Cue the soundtrack of Generation X, where the hits were bold and the misses… well, they echo through today’s economic corridors. With a flair for the dramatic and a credit card in hand, Gen X danced to a tune of optimism and excess, leaving behind a mixtape of financial foibles for the rest of us […]