There has been a serious crisis for craft beer breweries over the last five years as Gen Z prefers mocktails and cocktails, resulting in huge financial losses for companies, including Guanella Pass. Brewing Industry Shock Guanella Pass Brewing has joined a long list of craft beer companies by filing for Chapter 11 bankruptcy. Financial Struggles […]
Finance
401(k) Uncertainty: Rule Change Leaves Employers Grappling with Compliance
The latest Biden administration rule on 401(k) plans is reshaping how employers manage retirement plans. It’s a complex scenario requiring a fresh understanding of fiduciary duties and provider relationships. This rule aims to protect employees but also imposes new responsibilities on employers. Revised Fiduciary Standards The U.S. Labor Department’s new rules expand fiduciary investment advice […]
Universal Takes Action: Taylor Swift Pulled from TikTok Over AI Music
Universal Music Group, holder of the rights to Taylor Swift, is calling time on TikTok, removing its huge artist catalog from the app due to lack of compensation and AI concerns. Universal Music Group’s Ultimatum Universal Music Group hit out at the Chinese social media app TikTok, warning it would remove its extensive music catalog […]
The Great Money Squeeze: Why Your Cash Is Worth Less Than Ever
As everyday consumers find themselves with less and less money at the end of each month, a number of different factors are combining to make saving money more and more difficult. Here’s the full story. Less Money, More Problems It should be abundantly clear to all but the very wealthiest in our society that money […]
Walmart Settles $45M Overcharging Lawsuit, Customers Could Pocket Up to $500
Walmart is facing a $45 million lawsuit, and you could be eligible to receive a $500 million payout as part of the settlement. Payday for Some Walmart Customers You could be entitled to a $500 payout as part of a massive lawsuit settlement paid by retail giant Walmart after accusations of overcharging customers. Walmart Overcharging […]
Rental Crisis: High Costs Pinch Half of U.S. Renters, Even Affluent
The future looks uncertain for renters, as real estate reports show that a large portion of Americans are struggling to meet the high cost of rent across the country. The Renter Struggle The cost of renting a home in the U.S. has increased rapidly in recent years, and new reports find that as many as […]
Democrats Fight Back Against Hedge Fund Takeover of Housing Market
In a significant move that could reshape the housing market landscape, Democrats in Congress have recently introduced a groundbreaking bill aimed at curbing the influence of hedge funds in the single-family homes sector. The “End Hedge Fund Control of American Homes Act of 2023” The legislation, known as the “End Hedge Fund Control of American […]
99 Cents Only Chain Ceases Operations, 371 Stores Closed
Another discount retailer bites the dust in the U.S. due to compounding economic stresses, leaving West Coast dollar store shoppers bereft. 99 Cents Ending Shoppers in states like California and Nevada are flooding into the iconic 99 Cents Only discount stores after the chain announced last Friday that it would be closing all 371 of […]
Boeing Pays Alaska Airlines $160 Million Compensation After Safety Fiasco
In the wake of the shocking controversy surrounding the safety of Boeing aircraft, the major manufacturer compensated Alaska Airlines for its “significant” negative impact on the airline. $160 Sum for Alaska Airlines According to an official SEC filing and announcement from Alaska Air Group, Boeing has paid Alaska Airlines $160 in compensation following a controversial […]
South Carolina Uncovers $1.8 Billion Surplus – Origins Remain a Mystery
An unexpected sum of $1.8 million has popped up in a South Carolina state account, and it is now causing conflict amongst state officials who don’t know where it came from or how it should be used. Secret $1.8 Billion Fund South Carolina state officials recently discovered $1.8 billion in funds lying in state accounts. […]