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 an immigration raid. A Miami hospital struggles amid rising costs and declining admissions. A new report shows 73 million American jobs could be lost to automation by 2030. And another storied Chicago restaurant, Primehouse, is shuttering its doors on December 9.
Another coal-fired plant is closing. WEC Energy Group Inc (NYSE:WEC), the parent of Wisconsin utility We Energies, announced that it is closing its Pleasant Prairie Power Plant, a 1,200-megawatt (MW) coal-fired plant in Wisconsin. Read on to know more.
Immigration crackdown deprives Chicago bakery of a third of its workers following a clampdown in the area on 800 people without sufficient documentation. Find out more here.
Shifting healthcare costs and dwindling patient admissions are some of the main reasons that the University of Miami-owned 560-bed hospital in downtown Miami is struggling, with Miami hospital layoffs taking place since May. Read more here.
A new report by McKinsey & Company warns that as many as 800 million jobs around the world could vanish as a result of automation by 2030. In the U.S., 73 million jobs could be lost over the next 13 years. Read on to know more.
Another established Chicago restaurant is closing its doors. Primehouse, located in The James Hotel, will be shuttering its doors after dinner service on December 9. The steakhouse, which was associated with celebrity chef David Burke, is closing to make way for another restaurant. Details about the new restaurant are not available, except we know it will not be a steakhouse. Read more here.