Money

NYC sees alarming 64% surge in shoplifting

Published

6 months ago

November 9, 2023

ticker NEWS

New York City has witnessed a staggering 64% increase in shoplifting incidents, outpacing every other major U.S. city over the past four years.

The Big Apple, known for its vibrant streets and bustling retail scene, now faces a concerning rise in thefts that has left both retailers and law enforcement grappling with the situation.

This spike in shoplifting has raised questions about the underlying factors contributing to the surge. Economic struggles, the pandemic’s lingering effects, and changes in law enforcement policies are all being scrutinized as potential drivers of this alarming trend.

As retailers and authorities scramble to address the issue, it remains to be seen whether these efforts will be enough to curb the rise in thefts and safeguard businesses.

The implications of this surge in shoplifting extend beyond mere statistics. Local businesses are feeling the brunt of these thefts, with losses amounting to millions of dollars.

Shoppers, too, are increasingly concerned about their safety while browsing stores.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending