Independent thinking for complex markets and current events
Wentworth also said in an interview with the Wall Street Journal that the company has not settled on a final number of locations to close. Walgreens operates roughly 8,700 stores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, according to its website. Wentworth also told the Wall Street Journal …
The iconic Hollywood Arby’s location on Sunset Boulevard recently closed its doors after more than five decades in business. The closure was attributed to a combination of factors, including the pandemic, low foot traffic, rising food costs, and California’s $20-an-hour minimum wage. The restaurant’s general manager, Gary Husch, stated that the minimum wage increase was …
NYC is now forcing businesses to close or pay higher prices just for existing in certain parts of Manhattan. Is this Fair?
A Toyota subsidiary will shut down its largest auto parts plant in the U.S. over concerns about a difficult path to “sustainable profitability.” Hino Motors Manufacturing U.S.A. opened the facility in Marion, Arkansas, in 2006, making truck frames and axles for Hino commercial vehicles as well as for its Toyota parent. It is by far …
Liberal Supreme Court Justice Sonia Sotomayor admits she sometimes finds herself in tears over the rulings of the conservative dominated high court. Sotomayor, 69, is one of three remaining Democrat-appointed judges on the court alongside Elena Kagan and Ketanji Brown Jackson. While she’s always been in the minority on the court, recently the court has …
Clothing retailer Rue21 has filed for Chapter 11 bankruptcy, leading to the closure of all 543 of its U.S. stores within the next two months. The company plans to conduct large “going out of business” sales and sell its intellectual property. Sam Ash, a music store chain, is also closing all its remaining stores, resulting …
NYC’s shoplifting epidemic now has grocery stores in its sights, and thats a bad thing not just for the store owners, but also for the new yorker’s who will no longer have a place to buy food after it closes.
Tomorrow is the last day of the month and junior miners are about to make a monthly close above a 13-year resistance. Keep in mind that gold is also about to reach another record level in its monthly prices. pic.twitter.com/kntqQjOayN — Otavio (Tavi) Costa (@TaviCosta) April 29, 2024 Tavi Costa: The “perfect storm” for gold miners …
Politicians from the Green Party said they will vote against Yousaf in a parliamentary no confidence vote. The move to oust the politician comes after he terminated a coalition deal with the Green Party on Thursday saying the decision will have “immediate effect.” Green Party MSP’s were outraged by his decision and vowed to vote …
NEW: A Southwest Airlines Boeing 737-8 MAX narrowly avoids a collision with a departing JetBlue Embraer ERJ-190 at Washington Ronald Reagan National Airport. pic.twitter.com/gJYk3L2oSl — Insider Paper (@TheInsiderPaper) April 19, 2024 Two airplanes—JetBlue and Southwest—nearly collided at DC’s Reagan National Airport on Thursday, avoiding each other by only 400 feet. Air traffic control recordings show …
NYC Now has a $4.4 billion shoplifting economy. Theft is so rampant, retailers are forced to make tough choices…
Wading through the wealth of data from ESA’s Gaia mission, scientists have uncovered a ‘sleeping giant’. A large black hole, with a mass of nearly 33 times the mass of the Sun, was hiding in the constellation Aquila, less than 2000 light-years from Earth. This is the first time a black hole of stellar origin …
Dollar tree will now close 1000 stores nationwide, but nobody’s talking about how even if Dollar Tree’s stores remain open, they’ll be unrecognizable to their customers because dollar stores / discount stores are fighting a losing battle in the war against shoplifting.
by Rufus Juice And what did we think was going to happen? Restaurants operate on razor thin margins. Its why the forced closures of Covid closed so many – forever. Mandating people close doors – Closes doors forever. Mandating unsustainable wages – Closes doors forever. Other chains have already raised prices this week – foot …
FRANKFORT, Ky — Gov. Andy Beshear has declared a state of emergency in Kentucky amid several rounds of storms throughout the state. A second round of storms is expected to hit the Commonwealth late Tuesday afternoon. Storm started in the state on Monday, and produced heavy rainfall, hail, lightning, damaging winds and on Tuesday morning, at …
UPS says a projected rebound in parcel demand combined with an aggressive strategy for network consolidation and automation to reduce excess capacity and labor costs will drive double-digit profit margins by 2026. Up to 200 facilities are slated for closure over a five-year period. The optimization plan, code-named Network of the Future, is expected to …
CRB stands for “Commodity Research Bureau,” which is a widely followed index that tracks the prices of various commodities. It includes 19 commodities in its index. Just as Powell gets dovish, the CRB index is within 1% of its highest close since August 2022. pic.twitter.com/xqYwUYZrmV — Peter Boockvar (@pboockvar) March 26, 2024
[News & Information Release] “Taco Bell restaurants in Oakland, California have been forced to suspend indoor dining indefinitely after being subjected to a series of robberies amid an unrelenting crime surge in the city. Business has been restricted to drive-thru service only… — BAY AREA STATE OF MIND (@YayAreaNews) March 11, 2024 The situation at …
From Peter Reagan for Birch Gold Group If you were to do nothing but listen to President Biden and the corporate media prattle on about the economy, you might think things sound great! You would hear endless claims of “record economic growth” and quarter after quarter of “historic GDP.” But that’s the main problem with Bidenomics in the …
The iconic but struggling US department store Macy’s announced plans on Tuesday to close almost a third of its eponymous locations by 2026 while building up its upscale Bloomingdale’s and Bluemercury brands. In a new strategy aimed at breathing life into the 166-year-old retailer, the company said it would shut 150 “underproductive” Macy’s locations. The …
“As the number of migrants arriving at the center has increased significantly over the last few weeks, our finite resources have been stretched to the limit, leading to the closure of the center on February 22.” “When we accepted the challenge of this work in October of last year, we knew two things: that it …
🚨BREAKING: Trump confirms Vivek is on his VP shortlist: "Yeah… All of those people are good. They're all solid." pic.twitter.com/liUb3Ksgnz — Benny Johnson (@bennyjohnson) February 21, 2024 https://twitter.com/ClownWorld_/status/1760127265864880602
Thousands of people took to the streets of San Francisco yesterday, closing down the 101 highway and demanding an immediate and permanent ceasefire in Gaza. The demonstrators clashed with San Franciso police as the latter tried to prevent them from blocking the main road of the city. This protest came ahead of the UN Security …
CARACAS, Venezuela — Venezuela’s government on Thursday ordered the local U.N. office on human rights to suspend operations and gave its staff 72 hours to leave, accusing the office of promoting opposition to the South American country. Foreign Affairs Minister Yván Gil announced the decision at a news conference in Caracas, the capital. Gil’s announcement …
As the housing crisis deepens, the corrosive impact of Airbnb on communities becomes increasingly evident. With over 1,000 San Diegans falling into homelessness each month, the question arises: How many Airbnb properties sit empty, exacerbating the crisis? Complicating matters further is a colossal loophole in the ordinance meant to regulate short-term rentals (STRs). While cracking …
Via Middle East Eye Israel has not even come close to defeating Hamas through its military offensive on the Gaza Strip, US intelligence officials have said. According to the New York Times, the officials told members of Congress earlier this week that while Israel had managed to degrade Hamas’s fighting capabilities, they were still very far from crushing the …
WASHINGTON (AP) — For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States. The shift reflects the growing tensions between Washington and Beijing as well as U.S. efforts to import from countries that are friendlier and closer to home. Figures …
The S&P 500 rose Monday and closed at a fresh record high as Wall Street looked toward several mega-cap tech earnings reports and the Federal Reserve’s rate policy decision. The benchmark index climbed 0.76% to 4,927.93, topping its highest ever close of 4,894.16, reached Jan. 25. The Dow Jones Industrial Average added 224.02 points, or …
Stocks rose Monday as investors built on the previous session’s historic move to record highs. The Dow Jones Industrial Average climbed 138.01 points, or 0.36%, to finish at 38,001.81. Monday’s gains pushed the blue-chip average to a new record and above the 38,000 level for the first time. The S&P 500 added 0.22% to 4,850.43, …
