Imagine a scenario that keeps American car companies awake at night: Chinese car manufacturers set up factories in Mexico to take advantage of North American trade rules. They then flood the U.S. market with very cheap electric vehicles (EVs). This scenario poses a significant threat to the American auto industry, particularly to major players like…
Hooters recently announced the permanent closure of several “underperforming” locations across the United States, amid “pressure from current market conditions,” as stated in a recent press release. This decision has led to the sudden shutdown of multiple establishments in states such as Florida, Texas, Kentucky, and Indiana, as reported on Monday. These closures come as…
In the aftermath of the COVID-19 pandemic, a substantial number of Americans seized the opportunity to escape the high costs and crowded spaces of states like New York and California, seeking refuge in states such as Texas. Drawn by the promise of lower living expenses and more expansive surroundings, these new Texans found themselves part…
In today’s turbulent housing market, both homeowners and renters are grappling with a severe affordability crisis. Skyrocketing home prices and climbing interest rates have sidelined millions of potential buyers, while rising taxes and insurance costs further burden those who already own homes. For renters, the situation is equally dire, with rent burdens reaching unprecedented heights…
In a poignant farewell to Hollywood, the iconic Arby’s on Sunset Boulevard has closed its doors permanently. The restaurant, renowned for its towering neon cowboy hat sign, was a fixture on Sunset between Tamarind and Bronson since its opening on January 5, 1969. The location was not just a fast-food joint; it was a symbol…
Ron DeSantis signed into law Senate Bill 4D (SB 4D) and Senate Bill 2D, marking a significant step towards improving building safety and property insurance regulations in Florida. The bills were enacted in response to the tragic collapse of the Champlain Towers South condominium in Surfside, Florida, in June 2021. Under the new law, all…
Kansas has launched a legal battle against pharmaceutical giant Pfizer, Inc., accusing the company of misleading the public about the safety and efficacy of its COVID-19 vaccine. The state alleges that Pfizer promoted the vaccine as “safe” despite being aware of serious potential side effects. This lawsuit, filed in the District Court of Thomas County,…
Starting a fast-food chain requires both hubris and a really good idea. The history books are littered with chains that had big-name backing but failed miserably. For every Wahlburgers, the Mark and Donnie Wahlberg-owned burger chain, there are a lot more Kenny Rogers’ Roasters that got media attention and then went out of business. It’s…
According to US Treasury data cited by Bloomberg, Beijing sold $53.3 billion worth of US Treasury and agency bonds from its stockpile. That’s above already eye-catching volumes China was offloading last year. Altogether, one estimate has calculated that the country has sold $300 billion of US Bonds between 2021 and mid-2023. China’s selling grew to…
In a stark reflection of shifting consumer habits exacerbated by the pandemic, Coach USA, the parent company of Megabus and other commuter bus services, has filed for Chapter 11 bankruptcy protection. This move comes as the company grapples with a steep decline in commuter ridership, which has yet to rebound to pre-pandemic levels. The COVID-19…
