All articles tagged with #financial pressure
Originally Published 19 days ago — by Mishpacha Magazine
The article discusses the growing financial and emotional strain within the American frum community caused by the pressure to conform to high spending standards for events and lifestyle, which threatens the community's core values and unity, and calls for increased awareness and cultural change.
Originally Published 3 months ago — by Financial Times
Porsche's recent profit warnings are increasing pressure on CEO Blume to relinquish his dual CEO roles, highlighting challenges within the company's leadership structure amid financial concerns.
Originally Published 3 months ago — by CNN
Credit scores in the US are declining at the fastest rate since 2009, driven by high living costs, student debt, and economic disparities, with younger Americans especially affected by increased delinquencies and job market challenges.
Originally Published 1 year ago — by The Verge
The video game industry is experiencing significant turmoil despite high consumer interest and sales, with tens of thousands of layoffs and numerous studio closures since 2022. Financial pressures are affecting both large publishers and indie developers, raising questions about the industry's future.
Originally Published 1 year ago — by Fox Business
Surging auto insurance premiums, driven by factors such as increased car prices, supply chain disruptions, high demand, and a shortage of mechanics, are contributing to high inflation and financial strain on U.S. households. The cost of auto insurance rose 2.6% in March, bringing the total annual gain to 22.2% – the fastest yearly rate on record. Car insurance companies are also trying to make up for steep losses incurred in 2021, which saw a sharp rise in fatal car accidents. The burden of inflation is disproportionately impacting low-income Americans, who are forced to pay more for everyday necessities.
Originally Published 1 year ago — by CNBC
The pressure to tip, known as "guilt tipping," has increased, with predetermined tip options causing consumers to feel obligated to tip at every point of sale. However, experts advise consumers to make tipping choices based on gratitude rather than guilt, and signs show that consumers are pushing back, with tipping at restaurants decreasing in recent years. As financial pressures mount, consumers are urged to stick to their principles and not feel obligated to tip at every transaction.
Originally Published 1 year ago — by The New York Times
Former President Donald J. Trump faces financial pressure as he seeks to find enough cash to stave off asset seizures while appealing judgments against him totaling at least $537 million, including a $454 million civil fraud trial and an $83.3 million defamation case. Despite Trump's claims of having substantial cash reserves, his lawyers offered a bond of only $100 million while appealing the $454 million judgment, raising questions about his actual liquidity. If he fails to post the required cash or bond, New York's attorney general has warned she will move quickly to seize some of his buildings.
Originally Published 2 years ago — by NPR
FBI investigators found nearly 200 decaying bodies, including adults, infants, and fetuses, stacked in a neglected Colorado funeral home with bodily fluids on the floor and flies and maggots throughout the building. The owners, Carie and Jon Hallford, faced financial pressures and discussed getting rid of the bodies in text messages. They are charged with abuse of a corpse, theft, money laundering, and forgery. Some relatives received fake ashes instead of cremated remains, and several bodies remain unidentified.
Originally Published 2 years ago — by BioSpace
Pfizer's 2024 revenue outlook has disappointed Wall Street, with the company projecting a potential decline or flat revenue compared to 2023. To address financial pressures, Pfizer plans to implement an additional $500 million in cost cuts. The stock dropped around 7% in response to the news. The company expects revenues of $58.5 billion to $61.5 billion in 2024, falling short of analysts' average guidance of $63.2 billion. Sales of COVID-19 products and the Seagen acquisition are expected to contribute to revenue, but excluding these, Pfizer anticipates 3% to 5% operational revenue growth in 2024.
Originally Published 2 years ago — by CNBC
The average credit card balance in the US has reached a 10-year high, surpassing $6,000, as inflation and rising costs put pressure on households. Delinquency rates have also increased, indicating that more cardholders are struggling to make payments. The cost of servicing credit card debt has risen significantly, with average annual percentage rates now exceeding 20%. This means that making minimum payments on the average balance would take over 17 years to pay off, incurring over $9,000 in interest. Experts recommend strategies such as balance transfers, refinancing into lower-interest personal loans, or negotiating lower interest rates with card issuers to tackle costly credit card debt.
Originally Published 2 years ago — by Page Six
Rumors are circulating that Prince Harry and Meghan Markle's marriage is in trouble, with reports suggesting they are taking time apart to heal and rebuild their bond. However, an insider close to the couple denies these rumors, stating that they are untrue. The couple has faced financial pressure to fund their lavish California lifestyle, including their $14 million mansion and security costs. Additionally, their failed Spotify podcast deal is said to have strained their relationship. Despite this, the couple is reportedly focused on their individual professional paths, with Meghan looking to establish her own brand and make millions.
Originally Published 2 years ago — by Business Insider
Amazon leaders, including CEO of AWS Adam Selipsky, are concerned that a "Day 2" mindset is creeping into the company, with employees complaining about red tape and bureaucracy. As Amazon has grown into a tech and retail giant, maintaining the "Day 1" mentality of customer focus and bold bets has become more challenging. CEO Andy Jassy is exercising discipline in Amazon's bets due to financial pressures and external scrutiny, including a recent FTC suit. Lazy management is also identified as a problem in the tech industry, with some leaders using the term "fake work" to justify layoffs. San Francisco's downtown struggles, the dedollarization war, and Mexico's rise as America's top trade buddy are also discussed.
Originally Published 2 years ago — by Engadget
Virgin Orbit is furloughing most employees and pausing operations for a week as it seeks new investors to relieve financial pressure. The company reported a loss of $49.2 million in its last fiscal quarter and suffered a setback earlier this year when its mission to launch nine satellites into low-Earth orbit failed. Despite these issues, Virgin Orbit is making progress toward its next launch and plans to give an update on go-forward operations in the coming weeks.