Author: Savvy Dime Staff
Big Lots declared bankruptcy earlier this year, citing inflation and high interest rates as reasons for their business struggling. The discount retailer is known for selling a wide variety of home merchandise including furniture, accessories, kitchenware, and more. Unfortunately, like many other retailers in the industry, they filed Chapter 11 bankruptcy to gain protection from its debts. Big Lots Files Chapter 11 Bankruptcy Sales at Big Lots had been declining for the past 16 quarters, so it came as no surprise when the retailer announced their plans to declare bankruptcy in Septmember 2024. The store relied on sales from home…
McDonald’s has recently revisited one of its classic menu items, hoping some small adjustments will have a big impact. The changes include softer buns, more Big Mac Sauce and caramelized onions. The aim? To enhance the overall burger experience without drastically altering this flagship product. Pitching for a Premium Feel Source: Pexels McDonald’s has struggled to break into the premium burger market in recent years. These latest efforts might just change that. Consumers are increasingly demanding quality, and McDonald’s is now positioning itself to offer a more filling and high-end burger option. The Big Mac: Not So Big? Source: Gabriel…
As the 2024 US election grows closer, it is on everyone’s minds what Donald Trump’s America could look like if he is re-elected. It is officially a little under 6 months till American citizens will be taking a trip to the polls to vote in the 2024 election. With Trump returning once again to run as the Republican nominee. This has not only the American citizens wondering what his second term could hold, but the whole world is watching in anticipation. Trump’s Plans for the Economy Source: diloka107/Freepik After admitting his first plan would have been too costly, Trump has…
A man who goes by “Noah” has claimed that he is a time traveler from the year 2030 and made headlines for his insane “predictions” about the future. But when he took a lie detector test in 2018 and passed with flying colors, more people started to take notice. Now, in the year 2024 some of his seemingly wild predictions he made years ago have already come true and while some still believe his time traveling abilities are “fake news”, others are starting to sit up and listen. Accurate Predictions About AI Source: Wikimedia Commons Noah claimed that in the…
Indeed, a major employment company co headquartered in Austin, Texas, has announced they will lay off approximately 8% of its workforce, amounting to roughly 1,000 employees. This decision comes merely a year after a significant layoff of 15% of its staff as they saw a decrease in job openings following the COVID-19 job surge. CEO Announces Layoffs With Letter Source: Scott Graham/Unsplash In a letter written by Chris Hyams, CEO of Indeed, it was announced that 1,000 jobs would be eliminated. Indeed intends to restructure the company with this round of layoffs and hopes it will boost the company’s overall…
Climate change is having a huge impact across the entire USA due to extreme weather conditions. Government funding of $6 billion on climate change is being spent on protecting lives and property. Every citizen, community and business must be supported to cope with the effects of climate change. High Annual Costs a Major Worry for the U.S. Source: Library of Congress/Unsplash $150 billion is the estimated annual cost to the U.S. to repair the impacts of extreme climate events. That’s annually, that’s ongoing, and it’s not going to slow down any time soon. Damages are only accelerating as global warming…
An employee at a McDonald’s restaurant in Australia has been found using the fries warmer for drying dirty mops. Caught on video by a customer, the employee was holding the mop under the heat lamp over the fries to dry the mop quicker. This has made customers feel disgusted, unaware of what could be going on behind the scenes of the popular fast-food restaurant. Who Caught the Employee? Source: McDonald’s/Canva Stock/Canva A customer, Debbie Barakat, is the woman who first saw the incident. She could have never guessed what she’d see that day. She had taken her son to the…
As climate change swiftly increases, the Petermann Glaciers of Greenland are melting faster than ever. This doesn’t pose problems just for Greenland and surrounding areas but for the whole world. Research just completed in this area is the first large-scale observation. Unfortunately, the scientists have found that melting is happening much more rapidly than they first predicted. The subsequent rising of sea levels can mean a lot of problems can occur. What Was the Study? Source: U.S. Department of State from United State/Wikimedia Commons The researchers were able to use satellite data to investigate the glacier. The study proved that…
Many Americans are feeling financial stress. Due to inflation, an unreliable economy and less than half of Americans not having savings, it’s no wonder money distress is at an all-time high. A new CNBC Financial Confidence survey finds that 70% of U.S. citizens are under this stress. Other than statistics, many ways prove that financial stress is on the rise throughout all ages of Americans. With their dreams out of reach and inflation on the rise, it’s time to understand why this is happening. Personal Debts Increase Source: Benoît Prieur/Wikimedia Commons Borrowing money in the U.S. has become even more…
It was born as a university project called Waitr in 2013. Then it was rebranded to a new name, Asap, in 2022. In this final iteration, the food delivery service company is closing its door. Asap may even file for bankruptcy, thanks to an overwhelming number of competition in the food delivery market. Customers like the service, but it’s not making a lot of money. Promising Beginnings Source: Rowan Freeman/Unsplash When Tilman Fertitta — billionaire restaurateur, casino owner, and Houston Rockets boss — purchased Waitr in 2018, and it became listed in Nasdaq, things looked bright. Fertitta became the majority…