Cosmetics giant Revlon files for bankruptcy
COVID-19 hurt some businesses worse than others, and one of the biggest casualties was the top cosmetic company Revlon. Mask mandates made makeup, especially lipstick, less desirable, so Revlon saw…
sales
Chip shortage hurting vehicle production
Both General Motors and Ford are suspending production of trucks due to the global shortage of computer chips. This worsens an already dismal number of vehicles on dealer lots, which…
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New home sales at lowest level in over a year
New home sales continue dropping, down 19.4% from a year ago. A shortage of homes on the market and rising costs for material such as lumber and also higher labor…
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US existing home sales drop as prices continue to fly up
WASHINGTON (AP) — Sales of previously-occupied homes fell for the fourth straight month in May as soaring prices and a limited number of available properties discouraged many would-be buyers. Existing…
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U.S. retail sales fell 1.3% in May as Americans spend less
NEW YORK (AP) — Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services…
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Coke is rebounding after pandemic decimated sales
Coca-Cola took a big hit during the pandemic, mostly because half of it sales come from public places like restaurants and stadiums. Coke is rebounding now, as the reopenings have…
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Jobless claims decrease to lowest since pandemic
The economy continues to turn around as the effects of the pandemic diminish. Employers are adding jobs, the unemployment rate continues to decrease and sales have jumped back. The Associated…
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