Closing Time
Fast-food chain Wendy’s announced they are planning to close 140 underperforming stores by the end of 2024. The proposed closures are for stores in low-growth locations with less than $1…
Running Out of Rice
Rice consumption in Japan has been falling for decades. Lately, however, the Japanese have been racing to the store to buy as much rice as they can. Not because their…
Liverwurst and Listeria: Outbreak Leads to Deli Meat Recall
A listeria outbreak that has so far led to 57 hospitalizations and 9 deaths has been traced back to Boar’s Head deli meats. The outbreak, which has spread to 18…
Robots Are Now Climbing Skyscrapers
A new technology is hitting the skylines in New York and Tel Aviv—window washing robots. The new robot, called OZMO (due to its use of reverse osmosis to cleanse the…
Price-fixing Pork Producers
Pork producer Hormel Foods has agreed to pay $11 million to settle a class actionlawsuit alleging price-fixing in the pork industry. The lawsuit, originally filed in 2018,claims Hormel Foods and…
Exploring Bentley’s Sales Decline: Supply and Demand
In the world of economics, the concepts of supply and demand are crucial in understanding how markets work. Recently, Bentley Motors, known for its luxury cars, faced a drop in…
Cyberattack Fallout: Economic Impact and Imperatives
Change Healthcare's recent cyberattack, resulting in daily losses of up to $100 million, offers a stark reminder of the far-reaching economic consequences of cyber threats. Beyond the direct financial hits,…
Soup Company in Hot Water
Campbell Soup is being sued by the Department of Justice and two environmental groups. The suit alleges that the company’s manufacturing plant in Napoleon, Ohio has been discharging contaminated wastewater…
Walmart Adapts to the Retail Landscape of Tomorrow
Walmart is in the news again, and this time it's about how the retail giant is growing even bigger. This growth isn't just good for Walmart – it impacts the…
Jacksonville, FL to receive over $147 million in funding from the Department of Transportation
Jacksonville, Florida, has long been recognized for its vibrant community, stunning natural landscapes, and commitment to sustainable urban development. In a significant stride towards enhancing the city's appeal and economic…