Bad news for the EV industry as companies continue to cut prices
Jorden McVeagh, Editor https://www.motorbiscuit.com/wp-content/uploads/2021/12/2022-ford-mustang-mach-e-ice-white-edition.jpeg The electric vehicle industry has been on the rise as consumers look to shift to a more sustainable and environmentally friendly mode of transportation. Tesla was the industry leader in terms of their design, pricing and distribution as we all saw its cars popping up all over the place in the…
Bed bath and beyond defaults on credit line, closing more stores.
Jason Ryan, Staff https://www.axios.com/2023/01/30/bed-bath-beyond-closing-stores-2023 Bed Bath & Beyond said Thursday it does not have enough cash to pay down its debts and it has defaulted on its credit line with JPMorgan, warning once again of a potential bankruptcy. Shares of Bed Bath plunged Thursday afternoon, prompting brief trading halts. The stock closed 22% down with…
Streaming services band together to fight slowing growth
Jorden McVeagh, Editor https://www.forbes.com/sites/siladityaray/2022/08/12/heres-how-much-more-you-have-to-pay-for-streaming-services-compared-to-last-year/?sh=223777796dfe Streaming services have grown immensely since the start of the pandemic and even in the years leading up to COVID-19. As a result of this, it has left companies such as Netflix, Disney+, Hulu, and many more fighting over viewers and precious market share in order to get their share of…
Senate approves railroad labor agreement before strike deadline
Jorden McVeagh, Editor https://vaisaagro.com/fehopabe/2022/12/01/schumer-senate-cannot-leave-until-rail-strike-bill-is-passed/ In a follow-up to my recent article regarding railroad union strikes, I bring you the news that the US Senate has approved an agreement that will pass on to President Joe Biden. This agreement is major as it prevents the rail unions from going on strike. At the final act there…
Rail Union disputes may lead to an increase in consumer spending
Jorden McVeagh, Editor \ https://www.ibtimes.com/nationwide-rail-strike-imminent-after-union-rejects-labor-proposal-3638645 This past week in Omaha, Nebraska, a major deal was offered that could determine consumer spending for the foreseeable future. This deal was offered to railroad engineers that saw an offer of a 24% raise to conductor salaries that was ultimately rejected. The rejection of the offer has raised many…
Global Stocks all over the place due to Inflation and Virus Concerns
Jorden McVeagh, Editor https://www.medicaleconomics.com/view/positioning-in-a-chaotic-stock-market-with-key-sectors Stocks on the Asian market have declined as of Mon., November 14, 2022, while European and American stocks open higher due to the optimistic views on inflation in the US and virus cases spanning over China. Last week, US inflation reported at a lower rate than in the prior weeks which…
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The La Salle Collegian 
