Palwasha Saaim

Palwasha Saaim is a Research Analyst at Lombardi Financial where she covers mid- and large-cap stocks, economic trends, and stock market movements. Saaim graduated summa cum laude in Economics and Finance and has passed all three levels of the CFA program. She has worked in diverse capacities in the financial services sector as an analyst, instructor, and writer. She takes keen interest in politics and is a supporter of numerous social and charitable causes. When she is not writing, she is seen baking, reading or video-gaming. You can contact Palwasha at p.saaim@americaclosed.com

Report: Automation to Kill More American Jobs in Retail

Amazon

Automation Puts American Workers at Risk of Massive Layoffs A new report by the Investor Responsibility Research Center Institute (IRRCi) finds that American retailers are increasingly moving towards automating their operations, thus putting millions of Americans at risk of facing layoffs in the coming years.

Famous Teen Fashion Retailer Files for Bankruptcy

Bankruptcy

Rue21 Files for Bankruptcy Protection, Closes 400 Stores Pennsylvania-based teen fashion specialty retailer Rue21 has filed for Chapter 11 bankruptcy after facing deteriorating sales and difficulties in servicing its debt. Following the bankruptcy, the company is closing 400 of its stores, with a warning that more store closings might follow.

Cancer Treatment Healthcare Giant Files for Bankruptcy

Bankcuruptcy

21st Century Oncology Seeks Bankruptcy Court Protection America’s largest operator of cancer treatment centers, 21st Century Oncology, has filed for bankruptcy as its debt burden runs out of control. The Florida-based healthcare company sought bankruptcy protection at a New York bankruptcy court in May.

SureID in Crisis, Layoffs Continue As Top Executives Jettisoned

Job cuts

It’s been a few weeks of pain for workers at Hillsboro, Oregon-based SureID, Inc.. A leading provider of identity authentication, background screening, and identity management and enforcement, SureID announced that it laid off at least 60 employees a day after it sent many of its top executives packing. Including this latest round of cutbacks, SureID (more…)