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Outgoing Sears Canada employees try to stop $7.6M in bonuses for execs
Former and current employees of Sears Canada have filed a legal motion in an attempt to stop dozens of company executives from splitting $7.6 million in retention bonuses while many laid-off workers...
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July Auto Sales to See Biggest Drop of the Year
Auto sales are expected to experience the biggest drop of the year in July, according to the latest analysis from Edmunds. The pressure is on manufacturers to increase incentives to help sell the...
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LinkedIn data can predict how likely you are to quit, and it’s being sued to...
LinkedIn has 500 million profiles online, an extraordinary wealth of information about the education and career paths of nearly 7% of all of humanity—and an absolute treasure trove for companies that...
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Grocery stores are moving into dying suburban shopping malls to save them
Since the 1950s, department stores like Sears and JC Penney have anchored suburban shopping malls. But hundreds of chains are expected to soon close their doors. Sears, an iconic mall mainstay, is...
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Texas Grows 3.9 Percent in First Quarter. California? 0.1 Percent…Wonder Why?
Melissa, a resident of San Diego with degrees in psychology and Spanish, could find work only at a fast-food restaurant, recounted an article in (of all places) the Los Angeles Times about how some...
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Amazon’s new refunds policy will ‘crush’ small businesses, outraged sellers say
Amazon sellers are up in arms over a new returns policy that will make it easier for consumers to send back items at the merchant’s expense. Marketplace sellers who ship products from their home,...
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A $100,000 salary is now considered MIDDLE CLASS
A lot of people are overjoyed to cross the $100,000 threshold in annual income. And they should be — a six-figure salary is nothing to sneeze at. But as income inequality in the US continues to...
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China to get 2,000 more McDonald’s restaurants in next five years
Fast-food giant McDonald’s plans to accelerate its expansion in China increasing the number of restaurants in the country by 2,000 by the end of 2022, to a total of 4,500 nationwide. The chain hopes...
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What Elon Musk’s New Hyperloop Means for the Entrepreneur
Wouldn’t it be nice to travel from New York to Washington D.C. before you even finish your morning coffee? Well, Elon Musk took to Twitter to unveil a fast, hassle-free design that it is in the works....
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Why Gun Sales Have Declined Under Trump
Many of us welcomed Trump to the Presidency with a sense of pride. However, there is one group for whom the new (ish) president has brought some bad news – gun store owners, and gun manufacturers....
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The Last Frontier For Gun Control: Washington Court Rules In Favor Of...
Two years ago, the president of the Seattle City Council offered a rather ludicrous proposition. He wanted Seattle to place a new tax on the sale of firearms and ammunition within the city limits....
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Is college worth the money and debt?
MB 360–Is a college degree worth it? Since the debt bubble burst spectacularly in 2007 many more prospective students are questioning the worth of a college degree. For so many decades it was simply...
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U.S. New Home Sales Unexpectedly Plunge 9.4% In July
New home sales in the U.S. unexpectedly saw a substantial decrease in the month of July, according to a report released by the Commerce Department on Wednesday. The report said new home sales plunged...
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Most Americans live paycheck to paycheck
CB–Three-quarters of Americans (75 percent) are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder. Thirty-eight percent of employees said they sometimes live...
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Made in the USA (by Robots): China to Open Sewbot Factory in Arkansas,...
MISH TALK–A Chinese T-shirt company is setting up shop in Arkansas, lured by U.S. sewbots and lower production costs. It will cost about 33 cents to produce a shirt. Please consider China Snaps Up...
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Harvey Wrecks Up to a Million Cars in Car-Dependent Houston
As the Hurricane Harvey storm system dissipates and the water it dropped recedes, Houstonians left without shelter face the daunting task of rebuilding their lives. Many people are focused on the...
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Harvey and “Carmageddon”: GM, Toyota, Subaru Kick Butt. FCA, Nissan, Hyundai...
WOLF STREET–On August 24, as hurricane Harvey was barreling into one of the largest urban areas in the US, Kelley Blue Book forecast unperturbed that new-vehicle sales would rise 1.5% year-over-year...
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Toys R Us Hires Bankruptcy Law Firm
WOLF STREET–Brick-and-mortar retail meltdown strikes again – this time, Toys R Us. In what is a classic sign, the company has hired mega law firm Kirkland & Ellis, whose...
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Americans Seen “Flirting With Financial Disaster” As 2Q Credit Card Debt...
ZERO HEDGE–With credit card data in for Q2 2017, American households look to once again be on a collision course with the ever-elusive $1 trillion goal that narrowly escaped their clutches in 2008....
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Cord-Cutting Accelerates, Sends Shock Wave Across Traditional TV
According to eMarketer, digital video consumption is on the rise leading to a seismic shift in the industry. Traditional TV viewers are expected to shrink nearly 10% by 2021 with the expectation of a...
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