Author: Julia Mehalko
Julia is an experienced news writer with more than 8 years of experience. With a bachelor’s degree in Journalism from the University of Nevada, Las Vegas, she is skilled at writing digestible finance information and shares a particular passion for technology and innovation! When she’s not writing, Julia enjoys shopping at vintage stores, watching old movies, and traveling.
EYM Pizza, a large Pizza Hut franchisee with more than 100 stores, has announced it will sell 127 Pizza Hut locations in Wisconsin, South Carolina, Illinois, Indiana, and Georgia. According to the franchisee, these closures are a part of the company’s newest restructuring plan.The chain made headlines for their struggles in California following Gavin Newsom’s minimum wage hike earlier this year. National Franchise Sales will help EYM Pizza manage the sales of these stores by finding qualified buyers for the franchisee. EYM Files for Bankruptcy This announcement that EYM Pizza will no longer own hundreds of Pizza Hut locations comes…
In 2013, Detroit became the largest city in the United States to file for bankruptcy protection. Now, a decade after this extraordinary move, Detroit businesspeople and locals are still living with the aftereffects.While many analysts have pointed out that Detroit seems to be on its way back up, with businesses investing in the city’s downtown area, lower-income residents have claimed that they’ve struggled the most throughout these difficult last 10 years. Why Detroit Filed for Bankruptcy In 2013, Detroit was in debt by the billions. The city’s finances were a mess, as reporting had revealed that officials had mismanaged money…
Tupperware joins hundreds of other companies in filing for Chapter 11 bankruptcy amid ongoing financial struggles that have greatly impacted how the company has been able to do business. For years now, Tupperware has fallen in popularity among American consumers, particularly thanks to its traditional direct sales business model.For decades, Tupperware items were only available to purchase through these direct sales, similar to how Avon sells their cosmetics and products. By attending these “Tupperware parties,” consumers could purchase items from salespeople.Analysts have explained that this traditional method may have eventually hurt Tupperware’s profits in recent years. In 2022, Tupperware finally…
Multiple popular restaurant chains filed for bankruptcy in 2024, shocking many Americans in the process. Analysts have since warned that Chapter 11 filings may only continue to surge before the year’s end, shedding light on the many issues the restaurant industry continues to face amid rising labor costs and a drop in consumer spending.Here are five popular American restaurant chains that have filed for bankruptcy this year alone. 1. Rubio’s In June, the fast-casual restaurant chain Rubio’s Restaurants filed for bankruptcy, citing a rise in food costs, as well as a drop in lunchtime traffic thanks to many Americans now…
A new report has shockingly revealed that a school lunch scam has led to American parents paying $100 million each year in unnecessary junk fees. This report comes as many American parents have fought to have universal free school lunches, which makes it free for any student to purchase meals at school. Junk Fees When Purchasing School Lunches Source: CDC CC0 Images/Canva Pro According to a new report from the federal government’s Consumer Financial Protection Bureau (CFPB), American parents are having to pay $100 million each year because of junk fees. These processing fees occur when parents use pre-paid systems…
A new poll has shown that many American voters across the United States agree that Social Security should face some major fixes in the near future. Though many have long believed that Social Security reform is something that will never occur, this poll shows otherwise. Social Security’s Financial Shortfall Source: Kenny Eliason/Unsplash Many Americans rely on Social Security once they become seniors. Therefore, the understanding that the program is facing a financial shortfall has concerned many. If Congress doesn’t accurately find enough money to keep the program funded, then millions of Americans will end up seeing their benefits lowered or…
SpaceX’s founder Elon Musk has begun to publicly go after the Federal Aviation Administration (FAA) amid ongoing delays for the Starship launch. The FAA has delayed its approval for this launch for another few months, which has resulted in Musk blasting the federal regulators on X, formerly known as Twitter. A Delay in Starship’s Launch Source: Abdullah Guc/Unsplash On Tuesday, SpaceX released a post on their website claiming that the FAA was pushing back Starship’s launch to late November. In this post, the rocket company blasted the federal regulators for this move, which they say could ruin their ultimate goals…
Earlier this year, the Texas Education Agency (TEA) proposed a new education curriculum that would allow public schools to teach religious lessons, such as stories from the Christian Bible, in class. Now, many Texas lawmakers and religious leaders have openly argued against this “unconstitutional” proposal during a public testimony. Texas Hears Arguments Source: Dan Dennis/Unsplash This week, the Texas State Board of Education (SBOE) heard more than 100 people and their opinions on this new TEA curriculum. These public testimonies lasted for more than eight hours. The Texas Freedom Network, a nonprofit organization that opposes this curriculum, sent about 70…
Officials have warned that Florida counties and cities will likely be hit with a “tsunami of lawsuits” thanks to Governor Ron DeSantis’ new law targeting the state’s homelessness crisis. Many critics have come out against DeSantis’ law, which soon goes into effect, as it will just make things difficult for those who are homeless and Florida counties alike. DeSantis’ New Homeless Law Source: Gage Skidmore/Wikimedia Commons Earlier this year, DeSantis signed a bill into law that will criminalize people sleeping in public spaces. Therefore, Florida counties must now find a way to move many homeless people who sleep in public…
Wildfires in Southern California have wreaked havoc on locals, terrifying residents who have been forced to flee the raging blazes. Many residents have even stated that it appeared as if nuclear war was underway, particularly during moments when pyrocumulonimbus clouds formed over the massive fires. The Line Fire in California Source: Contains modified Copernicus Sentinel data 2024/Wikimedia Commons California firefighters are currently battling multiple fires. However, the Line Fire is one of the worst in the state at the moment as officials struggle to contain it. So far, the Line Fire is only at 3% containment. Officials have explained that…