Hundreds of people are now joining the increasing number of layoffs from generic drugmaker Mylan NV (NASDAQ:MYL), as the pharmaceutical company contends with bad press and subsequently weak earnings reports. The Mylan layoffs in 2017 are part of cost-saving measures and the latest round of U.S. job cuts hitting West Virginia. Mylan has also had (more…)
California’s Marijuana Tax Hike Has Pot Enthusiasts Worried California is planning to raise taxes on both recreational and medical marijuana. But, while it may help the state in raising additional revenue, California’s marijuana tax hike plan has both industry analysts and pot-lovers worried for a good reason.
Despite claims otherwise, the Trump tax proposal is again being criticized for disproportionately helping the wealthy while the middle class will receive less-than-promised, according to a new analysis released on Monday. People earning more than $730,000 a year would get an average cut of more than $37,000, according to the Tax Policy Center. This would (more…)
The Sprint Corp (NYSE:S) deal to merge with T-Mobile US Inc (NASDAQ:TMUS) has fallen through, sending Sprint stock plummeting, with the Sprint Corp deal failure unlikely to derail the trend of job cuts at Sprint.
Despite promises to do otherwise during the campaign and tough Trump trade talk during the trip, the U.S. Japan trade deficit will likely remain intact in the near future.
Another 63 Sears Closings Adds to Hundreds Already Registered in 2017 Sears Holdings Corp (NASDAQ:SHLD) announced another round of Sears closings, hitting 63 more locations after the holidays. The company will shutter both Kmart and Sears locations, another step towards the company’s attempts to curb costs and reduce spending. Hundreds of locations have already been (more…)
Home Buyers in 92% of Metro Areas See Home Prices Rising in Q3 Home prices are continuing to become expensive in the most urban parts of the country. Home buyers in 92% of America’s biggest metro areas witnessed home prices rising during the third quarter of 2017, according to the latest report by the National (more…)
The Trump tax plan was revealed Thursday after several delays and numerous rumors, with the announcement leading to a drop in the stock market as the plan disappointed some on Wall Street.
Hundreds of Texans employed with soft-serve ice-cream and fast-food chain Dairy Queen are about to get laid off. We’ll be seeing dozens of Dairy Queen restaurants closing across the state in the days to come as a Texas-based franchisee operating Dairy Queen locations enters bankruptcy. The franchisee, Vasari LLC, has just filed for Chapter 11 (more…)
Home prices continue to skyrocket across the U.S. Gains in 20 U.S. cities accelerated in August while housing inventory remains tight, according to figures from S&P CoreLogic Case-Shiller released Tuesday.