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Rate hikes by the Federal Reserve are to blame for bank failures in the U.S., according to business analyst Liz Peek. "Why are banks failing? Because of the Fed rate hikes. What is the Fed [...]
A drop in the demand for fuel amid slow economic growth has stoked fears of a recession among investors. The demand for diesel – the fuel of the industrial economy – has dropped abruptly as [...]
Fast food chain Burger King is set to close up to 400 locations across the country this year, with the under-performing ones being the first to go. According to the Daily Mail, Burger King CEO [...]
Department store chain Nordstrom has announced that it will leave downtown San Francisco after 35 years in business there due to the city's deteriorating condition. Nordstrom Chief Stores [...]
Ever since the United States Federal Reserve (the central bank) began hiking interest rates in early 2022 to “combat inflation”, fears of recession have grown. But the next recession is going to [...]