Amidst skyrocketing home prices in the U.S., a recent court case in Kansas City has spotlighted a hidden factor: realtor commissions. The verdict, totaling $1.8 billion in damages, revealed how the National Association of Realtors (NAR) and major real estate companies artificially inflated brokerage commissions. At the core of the issue is how commissions are…
Keith Gill, known as “Roaring Kitty” on YouTube and “Deep@#$!Value” on Reddit, made a notable return with a livestream addressing GameStop’s recent turbulence, marking his first public appearance since the meme stock frenzy three years ago. The stock was down today by 40% at publication time. During his livestream, Gill reiterated his confidence in GameStop’s…
The race to produce a $25,000 electric vehicle (EV) in the U.S. has concluded, but not as expected. Hertz, a well-known car rental company, has been selling off a large portion of its Tesla fleet, totaling around 20,000 vehicles. This shift highlights a change in the EV market, with consumers in 2024 not adopting electric…
In recent years, a disturbing trend has emerged in the restaurant industry: a growing number of establishments are shutting their doors, not due to a lack of customers or poor culinary offerings, but because of soaring real estate costs. As lease rates escalate at a pace far exceeding revenue growth, even beloved local favorites and…
If McDonald’s iconic Golden Arches seem a bit dimmer in Europe today, there’s a reason. The EU General Court has ruled against McDonald’s in a case over its Big Mac trademark. This decision came after a long legal battle with Irish competitor Supermac’s. The Big Mac, which has been a staple on McDonald’s menu since…
Toyota is recalling over 100,000 pickup trucks and Lexus SUVs in the U.S. due to potential engine debris that could cause the vehicles to stall. This recall affects certain 2022 and 2023 Tundra trucks and Lexus LX models equipped with the V35A six-cylinder engine. The National Highway Traffic Safety Administration (NHTSA) explained that debris from…
Investors who jumped at the chance to buy shares in Warren Buffett’s Berkshire Hathaway at a seemingly unbelievable discount yesterday are in for disappointment. A technical issue on the stock exchange has led to the cancellation of these trades. On June 3, a data glitch caused the stock price of the global conglomerate to plummet…
In recent months, a growing narrative has emerged blaming Governor Gavin Newsom’s minimum wage hike to $20 an hour for the struggles faced by California’s fast food industry. Critics argue that this wage increase is driving restaurants out of business, yet a closer examination reveals that this simplistic explanation overlooks broader, more complex factors affecting…
In a significant development for the California restaurant industry, Rubio’s Coastal Grill has announced the closure of 48 of its locations across the state. The decision comes in the wake of the state’s new $20-an-hour minimum wage for fast food workers, which took effect on April 1. The Mexican chain cited the rising cost of…
Unrealized losses in the US banking system are surging again, as reported by the Federal Deposit Insurance Corporation (FDIC). The latest figures show banks are now burdened with over half a trillion dollars in paper losses, primarily due to exposure to the residential real estate market. The 2008 Crisis needed an 800B tax payer bailout…
