Economic Slowdown

Hemlock Semiconductor to Jettison 100 Jobs

Hemlock Semiconductor

The struggles continue for Hemlock Semiconductor Corp. as the company announces plans to eliminate 100 jobs. The job losses will all take place in Michigan, with the majority taking place in the first quarter of 2018. The company, which employees around 800 full-time employees and 800 full-time contracts, will notify the affected workers “in the (more…)

Kroger to Sell Almost 800 Convenience Stores as Grocery War Heats Up with Amazon, Walmart

Einkaufswagen im Supermarkt

Kroger Co (NYSE:KR) said at its annual investor conference that it is looking at selling off its gas station convenience store business, including KwikShop, Loaf’N Jug, and Turkey Hill Minit Markets. The supermarket giant has been facing increased competition from Wal-Mart Stores Inc (NYSE:WMT), Amazon.com, Inc. (NASDAQ:AMZN), and Costco Wholesale Corporation (NASDAQ:COST) and is hoping (more…)

Gold Hits $1,350 as Concerns Grow Over U.S. Economy

Foreign-exchange reserves of USA concept, 3D rendering isolated on white background

Gold prices hit $1,350 an ounce on Thursday as concerns grow about the state of the U.S. economy. While some investors are pointing at escalating tensions with North Korea as the reason for the spike in gold prices, tensions in Washington over the last number of months, followed by weak economic indicators, and the weak (more…)