The dominance of Silicon Valley’s tech giants has reshaped the global economy, raising concerns about monopolistic practices. How have these companies grown to hold such power, and what does this mean for competition and innovation? #1. Google’s Search Engine Supremacy Google controls over 90% of the global search engine market, making it virtually impossible for … Read more
With prices rising across the nation and the cost of living getting ever higher, you may be getting nostalgic for the “good old days” – back when the luxury treats of today were affordable. In that spirit, let’s take a look at how much your favorite fast food treats used to cost and see where … 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
Squatters’ rights have been a hot-button topic around the country, but one Democratic governor has squashed a bill designed to protect the rights of property owners. Katie Hobbs Says No to Anti-Squatter Bill Katie Hobbs, the current governor and former Secretary of State of Arizona, has drawn ire from property owners in her state after … 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
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 controversial plan to charge drivers for entry to the busiest area of Manhattan has come under significant criticism and drawn-out legal action. Manhattan Entry Fee Incoming Starting on June 30, drivers in Manhattan will have to pay a $15 toll to enter the city’s crowded business district, in an effort to ease the area’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
A huge data breach at one of the country’s leading health insurance providers could mean that your personal information has been compromised. Let’s take a look and see what your options are. Data Breach Bombshell On Monday, UnitedHealth Group announced that hackers had managed to invade their systems in February and stole protected health information … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
After weeks of debate, negotiation, and a missed deadline, top lawmakers in New York have finalized the state budget. Budget Finally Passed 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. Different Sectors … Read more
Nike is the next major US corporation to announce another round of layoffs in the face of a predicted revenue decline. Nike Layoffs Incoming US athletic footwear and clothing brand Nike has announced plans to lay off 740 employees currently working at its company headquarters in Beaverton, Oregon. Confirmed by State Officials The recent move … Read more
EV leader Tesla has been having a tough time as it voluntarily recalled thousands of their newest vehicle models due to manufacturing issues. Tesla Cybertruck Recall When the Tesla Cybertruck was first released in late 2023, it captured the world’s attention for its hyper-futuristic look and its endorsements by celebrities across the US. But its … Read more
The controversial financial advisor made waves after slamming “‘faux rich’ Americans on Tiktok. The TikTok Finance Sphere Personal finance expert and radio personality Dave Ramsey has been garnering attention and backlash in the last few months for the impassioned rants, debates, and lifestyle advice he shares in TikTok videos. A Critic of Pretenders Most recently … Read more
Another US company, this time the iconic clothing brand L.L. Bean, has declared a round of lay-offs this month. L.L. Bean Layoffs Confirmed Classic American clothing brand L.L. Bean has confirmed incoming worker layoffs and reductions in call center hours, citing the upswing of online shopping as the main driver. Customer Contact on the Decline … Read more
A new rule put in place by the White House and the Bureau of Land Management has rocked the petroleum industry. Higher Rates to Drill on Public Land Oil and Gas companies are now required to pay more to drill on public land, among a number of other industry requirements recently introduced by the Biden … Read more
Among ongoing safety and security issues, the world’s foremost aircraft manufacturer is causing concern for some of the biggest airlines in the U.S. Boeing In Trouble Again? It’s blow after blow for Boeing, as the multi-national aircraft manufacturer faces a slate of safety concerns, security issues, compensation payouts, and pending lawsuits this year. Now, they … Read more
