A $10 million verdict is the final straw for Illinois-based trucking company
Sullivan, Illinois-based trucking company Marvin Keller Trucking has filed for Chapter 11 bankruptcy protection due to a nuclear verdict in court, inflated fuel costs, and wild market conditions.
The nuclear verdict comes after a fatal car accident in 2019 which involved one of its drivers. The story comes as a cautionary tale to drivers and trucking companies everywhere.
A recent Harris poll for The Guardian reveals widespread misconceptions about the U.S. economy. Most Americans (56%) believe the country is in a recession, but it's not
A skit on "Saturday Night Live" recently spoofed fast fashion brands Shein and Temu, highlighting the industry's dark side.
More than half of Americans believe the U.S. is in a recession, even though the GDP has been growing for several years.
In 2024, Gen Z workers are set to outnumber baby boomers in the U.S. labor force for the first time.
Paid days off aren't guaranteed for many Americans, and even when they are, most workers aren’t using all their PTO.
Nancy Lazar from Cornerstone Macro is sounding the alarm about a possible economic downturn.
A Business Insider analysis of 2022 US Census Bureau data revealed stark contrasts in the middle-class population across states.
The Federal Reserve Bank of New York is enhancing its supply chain data tracking with new "Supply Availability Indexes."
McDonald’s is launching a $5 Meal Deal in the U.S. to attract customers amid rising inflation.
U.S. retailers are gearing up for a cautious but steady holiday season, focusing on mid-range price items, according to a CNBC Supply Chain Survey.
A few years back, Hertz took a bold step by purchasing 30,000 Teslas, aiming to electrify 20% of its rental fleet.
The number of Americans filing for jobless benefits dropped last week, undoing nearly half of the previous week's spike.
Say goodbye to free soda refills at McDonald's, a move that's stirring up more than just the ice in customers' cups.
McDonald's is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
In response to pushback from conservative activists, Target has decided to limit the in-store availability of its Pride Month Collection to roughly half of its 2,000 stores.
A recent survey by asset management firm Schroders revealed that only 4% of retirees feel they are "living the dream," while another 4% are "living the nightmare."
California's reputation for high living costs is well-known, but a recent report from Forbes Advisor highlights other areas across the United States that can put a strain on your wallet.
Sweden, known for its social equality and high taxes, is now home to a growing number of super-rich individuals.
Meredith Whitney, the once-celebrated financial forecaster, is eyeing a potential game-changer for the U.S. economy, and it doesn't involve government spending.
Imagine pumping nearly $1 trillion into the U.S. economy without adding a cent to the national deficit.
On Friday, Federal Reserve officials breathed a sigh of relief as April’s job data revealed a cooling in wage growth and hiring rates that hark back to pre-COVID-19 days.
A proposed bill, dubbed the Fair Compensation for Truck Crash Victims Act, could significantly impact the trucking industry by raising the minimum liability insurance from $750,000 to $5 million—a hefty 566% increase.
XPO Logistics started 2024 on a high note, surpassing first-quarter forecasts and demonstrating robust financial performance.
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
The average net worth for older Americans might seem high, but this number is skewed by wealthier individuals.
Warren Buffett, the iconic investor and Chairman of Berkshire Hathaway, isn't shy about addressing the gaps between the rich and poor.