Shannon Campbell 
One long-time staple of American mall retailers has closed its doors this week, officially filing for bankruptcy. More Retailers Shut Their Doors Another one bites the dust, as teen clothing retailer rue21 joins a growing list of US retailers that are shuttering stores and filing for bankruptcy. Chapter 11 Filed The Pittsburgh-based specialty retailer filed … Read more
Despite falling sales in most countries in the first quarter of 2024, the world’s largest smartphone designer and manufacturer has maintained a positive outlook for the coming year. On the Decline? Some believe the world’s favorite smartphone manufacturer may be sitting on a shaky pedestal, as tech giant Apple revealed a significant drop in sales … Read more
Designer jewelry is a luxury that many can’t afford. But for one man in Mexico, a website error was all it took to buy 5-figure earrings for the price of a restaurant dinner. A Lucky Mistake Jewelers will be keeping a close eye on their online stores after one man snagged a pair of Cartier … Read more
A federal program that subsidizes internet bills for low-income households is now on the chopping block, dealing a financial blow to millions. End of the ACP The Affordable Connectivity Program (ACP) is a federal benefit program instated in 2021 that has been providing low-cost internet for low-income households for the last 3 years. Running Out … Read more
A Portland resident facing a serious health crisis received the news of a lifetime after buying a Powerball lottery ticket. Historic Powerball Win In an envy-inducing win, two people took home a historic $1.3 billion Powerball jackpot this week. And for one of them, the news could truly be a lifesaver. Chipping in to Win … Read more
The governor of Illinois has asked for more funding to target homelessness rates in the state, with a particular focus on the Black homeless community. New Plan to Fight Homelessness Illinois Governor JB Pritzker released a new proposed plan to combat state-wide homelessness last week, with a focus on reducing the racial disparity evident in … Read more
An unusual printing error has driven up the value of specific $1 bills, with some pairs selling for up to $150,000. Here’s how to know if you’ve got some on your hands. Watch Your Wallet Next time you take out your wallet, you might want to check what’s inside! Millions of $1 bills are now … Read more
An enormous nationwide lawsuit has caused several brokerages, including one owned by Warren Buffet’s Berkshire Hathaway, to cough up hundreds of millions. $250 Million Settlement A property brokerage owned by billionaire investor Warren Buffet will pay $250 million as part of a lawsuit settlement over coercive real estate agent commissions. Owned by Berkshire Hathaway The … Read more
Major innovation is coming to Indiana, as Google – and other tech giants – make plans to build billion-dollar AI data centers in the Midwestern state. $2 Billion Data Center for Fort Wayne This week Google announced its plans to invest $2 billion into the construction of a major data center at Fort Wayne in … Read more
After announcing plans to reduce 10% of its workforce, Tesla has shared the next location for mass layoffs. New Layoff Details The world’s biggest EV manufacturer has finally started announcing the details of its mass staff reduction efforts this year, and a facility in Nevada is the latest location to be hit. Job Cuts in … Read more
The question: What should a teenager or young adult choose to study in college if they want to nab a job at the biggest bank in America? Not a Big Deal According to Dimon, the college degree you choose to major in “almost doesn’t matter” when it comes to the multinational company’s hiring process. “Smart, … Read more
One company has received a record-breaking fine over misleading labels on their products. $3.2 Million Settlement Kitchenware and furnishings retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission order. Misleading Customers The company has been charged with using misleading advertising for its products, in particular labeling certain products as … Read more
A new solar company is expected to generate almost 1000 new jobs in North Carolina’s clean energy sector. Big News for NC The Vietnamese solar producer Boviet Solar has announced plans to establish its first North American manufacturing plant in the Pitt County seat of Greenville, North Carolina, in one of the biggest single job … Read more
After overseeing the botched introduction of a new FAFSA, the COO for Federal Student Aid is standing down amid criticisms and controversy. COO Standing Down The chief operating officer for Federal Student Aid in the US will be leaving his position by the end of June, according to an announcement from the Department of Education … Read more
The Federal Trade Commission has moved to block noncompete contracts, and a lot of organizations are not happy with the decision. The End of Noncompete Clauses? In another bold step by the US Federal Trade Commission, Americans may see the end of noncompete clauses in the workplace, if their new rule can make its way … Read more
One of the most visited cities in the world is charging an entrance fee for day trips, the first ‘tourist tax’ of its kind. Venice Entry Fee On April 25, the historic Italian city of Venice became the first city in the world to charge an entry fee for day-tripping visitors. The move has sparked … Read more
It’s looking to be a good week for Alphabet, as Google’s parent company soars in value on the stock market due to recent announcements for investors. Dividends and Buybacks Alphabet Inc., the parent company of tech behemoth Google, announced on Thursday that it will be issuing its first-ever dividend to investors, as well as authorizing … Read more
Minnesota‘s most populous city has made the controversial move to raise minimum cigarette prices, making prices the highest in the U.S. A Unanimous Vote In a bid to improve public health, the Minneapolis City Council voted unanimously for an ordinance that will raise the minimum retail prices for cigarettes. The Highest in the Nation It’s … Read more
Washington has gone back and forth over sanctions on Chinese financial institutions, but the Treasury Secretary has shared that no moves are being made just yet. Talk of Sanctions In recent days, the possibility of U.S. sanctions against Chinese banks has loomed over the global marketplace. On Thursday, U.S. Treasury Secretary Janet Yellen clarified the … Read more
Another high-profile financial figure has stepped forward to warn about the potential impacts of the US trillion-dollar national debt. Cooperman Speaks Out The US is being nudged ever closer to a financial crisis as a result of trillion-dollar debt, according to billionaire investor Leon Cooperman. Interview With CNBC In an interview with CNBC on Tuesday, … Read more
