Author: Kate Row
Kate is a writer from San Diego. She studied English and Psychology at Northern Arizona University. Since graduating, she has pursued a career in content creation and management. Kate is an expert in business news content, specializing in personal finance. When she isn’t busy keeping up with the ever-evolving world of business and finance news she spends her time at the beach, going to concerts, reading, and traveling as much as possible.
Walmart Lawsuit Results in the Retailer Paying $35 Million to Former Employee it Accused of Fraud
A California jury has found Walmart guilty in a lawsuit filed by a former truck driver employee. Jesus “Jesse” Fonseca will be rewarded $35 million in damages while Walmart maintains that the lawsuit is “outrageous”. Walmart had accused the former employee of committing compensation fraud but a jury verdict found Walmart guilty and liable. Truck Driver vs. Walmart Lawsuit Jesus Fonseca worked at the Apple Valley Walmart distribution center in San Bernadino County, California for 14 years. During a shift in June 2017, he suffered an injury when a semi-truck slammed into his Walmart semi-truck from behind. His attorneys filed…
Advance Auto Parts (AAP), a leading auto parts retailer announced this week that they would be closing hundreds of stores across the country and performing job cuts. The decision was made in an effort to restrategize and restructure to avoid a bankruptcy filing. The auto parts industry has faced financial struggle for the past few years as retailers are battling lower consumer demand for vehicle parts. Stellantis, a Big Three Automaker in Detroit, recently laid off hundreds of employees while other giants in the industry like Wheel Pros have been forced to file for Chapter 11 bankruptcy to pay off…
Many toys and collectibles from the 1970s, 1980s, and even 1990s have appreciated in value and can actually be worth a lot of money today. From beanie babies to old CDs, collectors are willing to pay heaps for some of these nostalgic toys. Comic books used to cost no more than a few cents, but as time has gone on, some vintage comics can now earn you a small fortune. Depending on the edition and quality, some comic books have earned more than $1 Million at auction. We’ve collected a list of some of the most coveted and rare comics…
More retailers than ever announced their plans to close stores in 2024. High inflation, consumer behavior changes, and sales challenges are common reasons cited by these companies. Even highly popular brands like Red Lobster, TJ Maxx, and Macy’s have struggled to stay afloat amid these unprecedented changes. Family Dollar announced in Spring that they would be closing almost 1,000 stores across the country. The company intends to “transform” the organization and unlock its full earning potential by closing underperforming stores. Why is Family Dollar Closing Stores? CEO and Chairman Rick Dreiling explained the decision to close some Family Dollar and…
MyPillow quickly became a household name for its uniue and customizable design that promises a better night’s sleep. But after a meteoric rise, the company and its founder Mike Lindell (commonly referred to as the MyPillow Guy) have been shrouded in controversy, legal woes, and business challenges. The company has been in decline for the past few years as Lindell’s controversies mounted. Most recently, the MyPillow CEO was accused of stiffing a vendor out of $600,000, inviting a new onslaught of lawsuits. Here’s where the infomercial-famous company stands today. MyPillow Rent Payment Lawsuit Mike Lindell has been outspoken on his…
Boeing has had a rather disastrous year, making headlines for a slew of aircraft safety and manufacturing issues, astronauts stranded in space, and worker strikes that all but halted production and profit. Like many other companies this year, they have made significant job cuts around the country. In October, the company announced their plans to cut about 10% of its workforce by the end of the year. Most recently, they declared their intentions to lay off more than 2,000 workers in Washington only five days before Christmas. Boeing Layoffs 2024 Boeing announced their intentions to layoff 10% of its workforce,…
Ford has had the most recalls of any car company this year. In 2024 alone, they have had 51 total recalls and in some cases these recalls impacted hundreds of thousands of vehicles. Following this string of part recalls, the U.S. government has launched two seperate investigations into Ford’s recall practices. Ford has already been fined $165 million by the government for recall delays, the second-largest fine ever imposed by the Naitonal Highway Traffic Safety Administration (NHTSA). The purpose of the investigations is to examine the effectiveness of Ford’s recall solutions. Let’s dive into the major recalls from 2024 that…
Macy’s announced their plan to start closing down stores earlier this year. This move is based in a strategy that aims to close lower-performing locations to reinvest and rebuild some of their more successful stores. They planned to close 150 stores by 2026 and predicted 50 Macy’s store closures in 2024 alone. However, the number of Macy’s stores closing in 2024 has already exceeded their predictions. Interestingly, Macy’s says this is actually to their benefit since they are able to monetize the store closures through real estate deals. While the department store has not released an official list of stores…
Stellantis announced that they would be laying off an additional 400 workers at their Michigan-based facility this week. The announcement follows more than 1,000 other layoffs this year alone. The new round of job losses sparked outrage among the UAW (United Auto Workers of America) who have been in opposition to the mounting cuts at the company. Stellantis Layoffs 2024 According to the Detroit News, Stellantis has laid off more than 4,000 employees since September 2024. The automaker laid off 1,300 workers from the Warren Truck Assembly Plant in early October and many more throughout the year. Just last week…
Throughout his presidential campaign, President-elect Donald Trump touted his plan to increase tariffs on imported goods and Chinese products. He explained in the presidential debate that his tariffs plan would be a method to gain money from rival nations and finally ‘be ‘paid back’ ‘pay back’ America for all that it has done for said countries. Trump’s plan involves a 10-20% tariff on all imported goods as well as a minimum of 60% tariffs on Chinese goods. And what exactly does this mean? A tariff is simply a tax on imports that is paid by U.S. companies as opposed to…