marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
business
12/08/2023
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By Laura Harris
Ford Motor Company scales down EV investments at Michigan plant due to declining demand and inflation pressures
The Ford Motor Company is scaling back its investment in electric vehicles (EVs) by reducing the production capacity of its battery factory in Marshall, Michigan and cutting 800 jobs. According to Ford spokesperson Mark Truby, the company initially planned to invest $3.5 billion in the factory, known as Blue Oval Battery Park, to produce 35 gigawatt […]
12/01/2023
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By Ramon Tomey
Retailers across state of New York losing $12M daily to RETAIL THEFT
The state of New York is losing $12 million daily due to retail theft. Martin Armstrong of Armstrong Economics expounded on this in a Nov. 28 piece, blaming New York Gov. Kathy Hochul for the shoplifting crisis in the Big Apple. Armstrong noted Hochul’s backing of the “light-on-crime policies,” which caused “a drastic uptick in crime across the […]
11/29/2023
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By Olivia Cook
Amazon workers across Europe staged a WALKOUT on Black Friday to protest measly pay, working conditions
On Black Friday, Nov. 24, one of the busiest days of the year, workers at Amazon fulfillment centers and warehouses located at multiple locations across Europe walked out in protest against the U.S. e-commerce giant’s labor practices. The “Make Amazon Pay Day” initiative – a campaign coordinated by the UNI Global Union – made the call […]
11/21/2023
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By Ramon Tomey
Target in hot water once more over WOKE Christmas decorations
Big-box retailer Target has apparently never learned from its earlier fiasco, as it is in hot water once more over “woke” Christmas decorations sold on its shelves. The X account End Wokeness shared several pictures of these woke decorations on the platform. One photo featured a figurine that looked like a dark-skinned Santa Claus in […]
11/10/2023
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By Ramon Tomey
Beyond Meat struggles to address declining sales – people will always choose REAL over FAKE
Fake meat company Beyond Meat fell short of market expectations for its quarterly revenue, posting losses bigger than market estimates during a Nov. 8 post-earnings call. Executives from the El Segundo, California-based company said the percentage of people in the U.S. who believe plant-based meats are healthy is likely to have dropped further this year. […]
11/10/2023
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By Ramon Tomey
Co-working facility giant WeWork files for BANKRUPTCY
WeWork, a company specializing in shared office spaces, has filed for bankruptcy. CNBC reported that the company, whose headquarters is located in New York City, filed for Chapter 11 bankruptcy protection in a New Jersey federal court on Nov. 6. WeWork had entered into agreements with the vast majority of its secured note holders, and […]
11/01/2023
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By Arsenio Toledo
Russia to ban individuals from using cryptocurrency for domestic transactions
Russia is about to ban non-state-controlled circulation of cryptocurrency, including trading, mining and internal crypto transactions. This is according to Anton Tkachev, a member of the State Duma, the Russian parliament, and the deputy head of the State Duma Committee on Information Policy, Information Technologies and Communications. Tkachev noted that the use of cryptocurrency in Russia […]
10/31/2023
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By Laura Harris
Several LA hotels under investigation for hiring ILLEGALS to replace striking workers
Several hotels in Los Angeles County are currently under investigation for allegedly replacing workers on strike with illegal immigrants. LA County District Attorney George Gascon announced the investigation in a news conference held in front of the Le Meridien Delfina Santa Monica. The hotel and two others – Four Points by Sheraton and Holiday Inn […]
10/06/2023
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By Ramon Tomey
Starbucks announces CLOSURE of 7 stores in downtown San Francisco amid skyrocketing violence and crime
Coffee chain Starbucks has announced that seven of its locations in downtown San Francisco will close over the next several weeks. Sam Jefferies, a spokesman for Starbucks, confirmed the closures in a statement to SFGATE. Employees at the seven affected stores were informed of the impending closures on Oct. 3. According to Jefferies, all affected […]
10/04/2023
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By Ramon Tomey
GRAND THEFT AUTO: Philadelphia car dealership loses most of its vehicles to thieves less than a week after opening
A car dealership in Philadelphia has already lost most of its vehicles less than a week after it opened. City Motors, located in the Mayfair neighborhood in the City of Brotherly Love, is on the brink of closing for good just days after opening. This is because thieves made off with several vehicles it was […]
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