Here’s how unnoticed tax adjustments can wipe out small businesses
The realm of small businesses in the United States is often hailed as the backbone of the nation's economy; but it is now under threat from a subtly implemented tax adjustment.
US small business confidence reaches 8-month peak in July, NFIB reports
Small business confidence in the United States has scaled an impressive eight-month peak this July, accompanied by a notable plunge in apprehensions regarding inflation, according to a report released Tuesday.
Campbell to buy Rao’s premium sauces maker Sovos for $2.33B
U.S. packaged food maker Campbell Soup (CPB.N) said on Monday that the company is going to buy Michael Angelo’s and Rao’s owner Sovos Brands (SOVO.O) for $2.33 billion in cash, beefing up its meals and beverages business with the maker...
Yellow Corp.’s financial mismanagement leads to bankruptcy with 30,000 job losses
A devastating blow has struck the U.S. transportation industry and its workforce as the 99-year-old Yellow Corp., a once-dominant trucking giant headquartered in Nashville, Tennessee, finally declared bankruptcy after years of financial struggles and mounting debt, resulting in 30,000 employees...
Millennials struggle as retirees seize the real estate throne: a shift in home-buying dynamics
The dynamics of the US residential market have witnessed a dramatic shift, as the once dominant millennial home buyers find themselves losing their competitive edge to an unexpected contender: the baby boomers, most of whom are now retirees.
Allianz Fund Manager Faces $7 Billion Fraud Case, Claims He Was Made a Scapegoat
Former Allianz fund manager, Gregoire Tournant, faces criminal fraud charges related to his alleged role in causing over $7 billion in investor losses. U.S. District Judge Laura Taylor Swain in Manhattan federal court recently denied Tournant’s bid to dismiss the...
Bank of America’s closure of major banking centers in Texas and Massachusetts signals intense competition in US financial markets
Bank of America’s recent announcement of the closure of major banking centers in Texas and Massachusetts signals an intense competition in the US financial markets. As part of its strategic expansion and closure initiatives, the banking giant has also announced...
Tupperware shares soar as debt restructuring deal ignites retail investor interest
Tupperware Brands (TUP.N), a Florida-based kitchen storage container manufacturer, experienced a remarkable 55% surge in its shares on Friday, following the successful finalization of a debt restructuring deal that has rekindled interest among retail investors.
Unemployment holds steady, but job growth disappoints in July
The U.S. economy added 187,000 jobs in July, falling short of expectations and signaling a potential slowdown in the nation's economic growth.
Ray Dalio says a massive wealth transfer holds the clue to the Fed’s policy puzzle
Billionaire investor Ray Dalio wrote Wednesday about the economic puzzle that has long puzzled market analysts and policymakers alike – the economy’s unexpected resilience despite aggressive Federal Reserve interest rate increases and tightening of monetary policy. The analysis of the...