Wednesday brought more than just a political victory for Donald Trump; it also marked a historic financial windfall for the world’s wealthiest individuals. According to Bloomberg’s Billionaire Index, the top 10 richest people collectively saw their net worth skyrocket by a staggering $64 billion — the largest single-day increase recorded since the index’s inception in…
Seattle, WA — After more than seven weeks on the picket lines, Boeing factory workers have voted to accept a new contract proposal, officially ending the strike that halted production at one of America’s largest aerospace manufacturers. The agreement was reached with 59% of the voting members of the International Association of Machinists and Aerospace…
Union factory workers at Boeing are deciding on Monday whether to accept a new contract offer or continue a strike that has already lasted seven weeks, bringing Boeing’s passenger plane production to a standstill. The decision is crucial for both the workers and Boeing, one of the largest airplane manufacturers in the U.S. This new…
October 30, 2024 — Reddit, widely known as the “front page of the internet,” has reached a significant milestone by posting its first profitable quarter in 20 years. Reporting a Q3 profit of $29.9 million driven by a 68% surge in revenue to $348.4 million, Reddit’s performance has sent its stock soaring over 35% in…
In recent months, several customers of JPMorgan Chase found themselves facing legal actions after attempting to capitalize on a technical malfunction in the bank’s ATM systems. This malfunction, widely shared across social media platforms like TikTok, misleadingly suggested that users could benefit from what was termed the “infinite money glitch.” The Glitch and Its Exploitation…
TGI Fridays, once a pioneer in casual American dining, is reportedly on the verge of filing for Chapter 11 bankruptcy, according to multiple sources. Known for its red-and-white striped awnings and lively bar atmosphere, the restaurant chain has been a fixture of American dining since its founding in 1965. While the company has not made…
In Florida, the insurance crisis gripping the condominium market is now casting a long shadow over mortgage options available to potential condo buyers, with repercussions felt across the real estate financing landscape. This troubling trend has been exacerbated by legislative changes under Governor Ron DeSantis’ administration, adding layers of complexity for buyers, sellers, and financial…
Phillips 66’s recent announcement to close its Los Angeles-area refinery by the end of 2025 marks a significant shift in California’s energy landscape. The refinery, which consists of two facilities in Carson and Wilmington, processes crude oil and upgrades it to finished products, supplying about 8% of the state’s refining capacity. With its output contributing…
Walgreens just announced its decision to close approximately 1,200 stores across the U.S., adding to growing concerns about the worsening pharmacy desert problem, particularly for the elderly. The closures will take place over the next three years, with 500 stores expected to shutter by the end of fiscal year 2025. For hundreds of thousands of…
Donald Trump’s promise to eliminate taxes on Social Security payments has become a centerpiece of his campaign, drawing significant support from seniors who stand to benefit from the plan. The proposal, which Trump first shared in July via his social media platform Truth Social, pledges to end all taxes on Social Security income, declaring that…
