Bankruptcies, Business Failures, Layoffs, etc
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Jamie Dimon warns inflation, interest rates may remain elevated
Jamie Dimon warns inflation, interest rates may remain elevated
JPMorgan CEO Jamie Dimon warned that inflation and interest rates could remain high as large amounts of government spending underpin the U.S. economy.
www.foxbusiness.com
The Sound Guy
Pursuit Driver
but not unexpected. All the cash that the govt is borrowing to push out to special interest groups has to be recovered by something, either taxes or interest, or there will be inflation.Jamie Dimon warns inflation, interest rates may remain elevated
Jamie Dimon warns inflation, interest rates may remain elevated
JPMorgan CEO Jamie Dimon warned that inflation and interest rates could remain high as large amounts of government spending underpin the U.S. economy.
This would make the market poop the bed
‘Serious possibility’ that Fed’s next rate move is a hike, warns Larry Summers
‘Serious possibility’ that Fed’s next rate move is a hike, warns Larry Summers
Far West
Pursuit Driver
It is all going to plan. And Fred and Sylvia Simpleton have not figured out... they voted for this.
But, but, but... mean tweets and Russian Russia Russia ... I heard it from Rachael Madow... The sky is green.
Over 1,300 layoffs hit logistics companies across US
Over 1,300 layoffs hit logistics companies across US
More than 1,300 layoffs hit freight-related companies in Texas, Florida, Illinois, Michigan and Georgia over the past two weeks.
www.freightwaves.com
Over 1,300 layoffs hit logistics companies across US
More than 1,300 layoffs hit freight-related companies in Texas, Florida, Illinois, Michigan and Georgia over the past two weeks.
www.freightwaves.com
Rite Aid to close 53 more stores amid bankruptcy proceedings
Rite Aid to close 53 more stores amid bankruptcy proceedings
Retail pharmacy chain Rite Aid has announced the closure of dozens of more stores in court filings, according to reports. The stores are in nine states.
www.foxbusiness.com
Mall retailer considers Chapter 11 bankruptcy as cash dwindles
Huge shipping company closes some of its businesses
Paxilpapa
Serenity, through modern chemistry
The problem with Malls is the rampant teen crime and safety issues. One never knows if they are about to walk into the middle of a gang fight, therefore I and many others just stay away from the places. The last time I was there I also noted the number of specialty stores that sold things that I just didn't need, and never would, so why bother with the Mall concept.
I don't recall the last time I went to a mall. And I haven't missed it.
The Sound Guy
Pursuit Driver
Mostly young people clothes.
Back when I was all slim and buff, my daughter took me there and I bought a couple of sweaters. They were crap, fell apart after a few washes.
The Sound Guy
Pursuit Driver
Tesla lays off 'more than 10%' of its global workforce
The layoffs were announced in a company-wide email, after rumors they could reach as high as 20% of Tesla's ~140,000 global headcount.
electrek.co
Interesting analysis of what Musk is doing (and not doing)
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97-year-old Illinois dairy forced into bankruptcy
97-year-old Illinois dairy forced into bankruptcy
A 97-year-old dairy that offers home milk delivery in glass bottles and has scores of ice cream and dairy stores in Illinois and Missouri has filed for bankruptcy protection.
www.freightwaves.com