Technology is disrupting many business sectors like never before, include retail, manufacturing plants, restaurants, and even financial services. In 2017, the financial sector saw a big change to its business operations, with 2,069 net bank branch closures. This is an increase of 18%, compared to 2016. The bank branches closing resulted in more than 10 (more…)
U.S. healthcare spending per capita is on the rise, according to recent healthcare spending statistics for 2012 to 2016. While there was a rise in spending across all aspects of healthcare, the prescription drug price increase and outpatient services price increase were the highest.
In the coming weeks, Detroit Medical Center is planning on laying off 300 of its employees. This news was given to employees in a memo by Anthony Tedeschi, the CEO of the company. The job cuts will take place within various areas of the business such as the dietary and food services division, clerks working (more…)
President Donald Trump’s first year in office has not been a satisfying one for the American people. According to management consulting company Gallup, Inc., President Trump’s 2017-2018 approval rating is only 38.4%. This is the lowest average approval rating for a president’s first year since the company began measuring said rating in 1945–the same year (more…)
Within the United States, there is always the debate about whether or not there should be strict gun ownership rules. The country seems to be divided on this issue. If only the economic view is taken, then people would more likely be on the side of having more gun control and stricter rules. Why?
According to global outplacement consultancy firm Challenger, Gray & Christmas, Inc., the rate of a woman being hired as chief executive officers (CEOs) in 2017 remained virtually unchanged from 2016, which was around 18%.
Bayshore Concrete Products Corporation is selling its plant in Cape Charles, Virginia. This will result in employees at the plant being terminated. The plant’s expected closing date is after spring 2018 but before the end of the year. The reason for the uncertainty regarding the closing date is because Bayshore Concrete wants to honor its (more…)
One crisis that isn’t getting very much attention is the U.S. student loan crisis, which is currently sitting at $1.4 trillion. The rate of defaults for these loans is on the rise, which further adds to the concern. Over the past year, more than eight million federal loans have moved from a being in a good-standing position to (more…)
Oil and natural gas company EXCO Resources Inc (OTCMKTS:XCOOQ) has filed for Chapter 11 bankruptcy protection. The paperwork was filed in U.S. Bankruptcy Court for the Southern District of Texas, and was completed voluntarily by EXCO. One of the reasons for such a move is the slumping commodity environment, which is making it more difficult to (more…)
One promise Donald Trump had during his campaign trail was to be more forgiving on corporate and personal income taxes if he won. Trump’s pro-business views resulted in stock markets trading higher in new all-time-high territory. Trump made his plan a reality when he signed off on the new tax reform bill on December 22.