Tag #Economic Downturn

Showing 37 to 48 of 171 results

dailymail.co.uk
🌐 75% Global Worthiness
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Cape Coral Housing Market Crashes After Pandemic Boom

Cape Coral, Florida, experiences a housing market crash after a pandemic boom, with median home prices soaring 75% to $419,000 (2020-2022) then plummeting due to high insurance, taxes, and decreased demand, resulting in numerous foreclosures and empty open houses.

Progress

48% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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UPS Announces 20,000 Job Cuts and Facility Closures

UPS is offering voluntary buyouts to its US drivers following the announcement of 20,000 job cuts and 73 facility closures, part of a \$3.5 billion cost-reduction plan aiming for a 12 percent US operational margin by next year; this follows the company's decision to halve Amazon deliveries and comes...

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44% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 85% Global Worthiness
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Rite Aid Closes 1,000 Stores Amidst Second Bankruptcy

Rite Aid closed 1,000 stores after its second bankruptcy filing in two years, leaving thousands of Americans without easy access to pharmacies, highlighting challenges faced by brick-and-mortar drugstores against online competitors and financial difficulties.

Progress

52% Bias Score

Good Health and Well-being
theglobeandmail.com
🌐 85% Global Worthiness
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Microsoft Lays Off 9,000 Employees in Restructuring Focused on AI

Microsoft announced layoffs of approximately 9,000 employees, or about 4% of its workforce from a year ago, impacting its Xbox gaming division and other departments as part of a restructuring focused on AI and cloud computing; this follows a previous layoff of 6,000 employees in May.

Progress

48% Bias Score

Decent Work and Economic Growth
es.euronews.com
🌐 75% Global Worthiness
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Nike Reports Steep Revenue and Profit Decline Amidst Tariff Challenges

Nike reported a significant financial downturn in fiscal year 2025, with a 10% revenue decrease to $46.3 billion and a 44% drop in net income, primarily due to increased tariffs on US imports from China, prompting a strategic shift in manufacturing.

Progress

32% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 75% Global Worthiness
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AFP Announces €12-14 Million Cost-Cutting Program Amidst Revenue Decline

AFP, facing an €8 million shortfall in 2024 commercial revenue due to global economic uncertainty, pressure from authoritarian governments, and challenges in the digital media landscape, announced a €12-14 million cost-cutting program for 2025-2026.

Progress

24% Bias Score

Decent Work and Economic Growth
bbc.com
🌐 75% Global Worthiness
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Funding Crisis Threatens UK Pride Events

Over one million people are expected at Pride in London this Saturday, but many UK Pride events face an uncertain future due to an 85% drop in corporate sponsorships and partnerships, leading to some cancellations and the introduction of ticket fees for events previously free to attend.

Progress

36% Bias Score

Reduced Inequality
sueddeutsche.de
🌐 75% Global Worthiness
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German Beer Sales Plummet 6.8 Percent in 2025

The German beer industry faced a significant 6.8 percent drop in alcoholic beer sales during the first five months of 2025, exceeding the pandemic-year sales, according to Veltins Brewery, impacting sales in areas such as North Rhine-Westphalia, which is losing over 400,000 hectoliters; the brewery ...

Progress

44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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US Home Sales Plummet to 16-Year Low Amid Economic Uncertainty

US home sales in May 2025 hit a 16-year low, primarily due to high mortgage rates, economic uncertainty, and increased HOA fees; the market is now seeing 34 percent more sellers than buyers nationwide.

Progress

48% Bias Score

Reduced Inequality
cnnespanol.cnn.com
🌐 75% Global Worthiness
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Del Monte Foods Files for Bankruptcy, Cites Shifting Consumer Preferences

Del Monte Foods, a 138-year-old canned food company, filed for Chapter 11 bankruptcy on Tuesday night, citing reduced consumer spending and a preference for private-label brands; it secured $912.5 million in financing to facilitate the sale of its assets.

Progress

40% Bias Score

Zero Hunger
bbc.com
🌐 75% Global Worthiness
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River Island to Close 33 Stores, Hundreds of Jobs at Risk

River Island, facing a £33.2 million loss and 19% sales drop in 2023, will close 33 UK stores, impacting hundreds of jobs due to increased online shopping and higher operational costs; creditors will vote on August 4th, with a court decision on August 7th.

Progress

44% Bias Score

Decent Work and Economic Growth
cnn.com
🌐 85% Global Worthiness
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Dimon Warns of Tariffs' Potential to Worsen US Economy

JPMorgan Chase CEO Jamie Dimon warned on Tuesday that President Trump's tariffs, while not yet reflected in current economic data, pose a significant risk of future economic downturn, potentially impacting employment and inflation in the coming months.

Progress

48% Bias Score

Decent Work and Economic Growth

Showing 37 to 48 of 171 results