Economic Decline

Retail Industry Woes to Continue in 2018 as Bankruptcies, Store Closures, and Layoffs Expected to Rise

Retail Industry Woes

Amazon.com, Inc. (NASDAQ:AMZN), the e-commerce company, has grown rapidly in the past few years, with its various businesses each having their own value. Its total business is around $995.0 billion, with retail at $600.0 billion, “Amazon Web Services” at $270.0 billion, “Amazon Prime” subscriptions at $70.0 billion, and the advertising section at $55.0 billion. By (more…)

Amtrak Budget Cuts: Trump’s Infrastructure Improvement Tweet Contradicts His 2018 Rail Budget Plan

Amtrak budget cuts

Following the Amtrak derailment in Washington state where several cars jumped the track, leaving three people dead and over 100 injured, many are looking into the causes that contributed to the tragedy. One issue, in particular, has taken center stage since the accident: The Amtrak Budget 2018. The National Railroad Passenger Corporation, better known as (more…)

U.S. Budget Deficit in November 2017 Amounted to $138.5 Billion: Spending on Disaster Relief, National Debt Up

U.S. Budget Deficit

The U.S. budget deficit amounted to $138.5 billion in November 2017, according to U.S. federal budget deficit 2017 data. The Treasury Department has reported that it reflects higher spending to deal with disaster relief and interest payments on the national debt. This may eventually affect U.S. Social Security funds and in turn lead to a (more…)

Weekly News Update for December 3: Power Plant in Wisconsin Closing, Job Losses Due to Automation & More

Pleasant Prairie Power Plant Closure

The U.S. economy continues to chug along, but American businesses continue to struggle for many, many different reasons. Low natural gas prices and the reduced cost of renewable energy has resulted in the planned closure of the 266th coal-fired plant in the U.S. A Chicago bun supplier to McDonald’s Corporation (NYSE:MCD) lost 800 employees in (more…)