Tag: Market News (Page 1 of 308)

Chase Now Announces New Unexpected Branch Closures

Chase bank now announces new unexpected branch closures which have been confirmed to shutter within the next three months.

The upcoming shutdowns are set to impact customers across the country, from California to New York.

But, it’s not all bad news for Chase bank users, reports The-Sun.

185 new branch locations are still set to open across the US this year.

The closures were announced in the weekly bulletins produced by the Office of the Comptroller of the Currency.

By law, banks must notify the OCC at least 90 days before closing down a branch.

According to the OCC, at least 24 Chase branches are due to close over the next three months with closures likely to come into force by February at the latest.

Branches in the states of California, Colorado, Michigan, Illinois, Indiana, and New York will shutter.

There will be bank closures in major cities like Chicago, San Diego, San Francisco, and Seattle over the coming months.

Branches across Ohio and Connecticut will also close.

“Chase has seen a raft of branch shutdowns over the year after bosses warned it would close more than 140 premises across the US.

The closures come in line with a shift toward online banking,” says The-Sun.

A spokesperson for the banking giant said the company has made significant investments in new branches.

At least 15 new branches have been scheduled to open over the coming months, according to the OCC’s bulletin published for the period November 11-18.

They stated that the company is on track to open a new branch every day in November and December.

“Our goal is not to have the most branches – but to have the right branches, in more communities, serving the financial needs of our customers,” said Chase in a statement.

Also Read: A US Bank is Now Denying Customers Access to Money

Other Banking News Today

Market News Today - Chase Now Announces New Unexpected Branch Closures.
Market News Today – Chase Now Announces New Unexpected Branch Closures.

A bank customer now faces a painful eviction after their account was closed ‘without explanation’, according to new reports.

The Bank of America customer has shared how they were left with no money after Bank of America abruptly closed their account.

A Reddit user who goes by Jorose explained the hardships they went through after their bank account was suddenly closed.

On the r/banking subreddit, they explained that they had a direct deposit pending and all of their bills were due the week the account was shut down.

They wrote that they were left with no money for gas or rent and were faced with an eviction notice due to it.

Their car insurance went unpaid and their entire family’s phones were disconnected as the phone bill went unpaid as well.

Furthermore, the family was forced to go to a shelter for their meals.

“We feel insulted to be labeled as criminals, to be treated as such, and be put in such a position that has caused harm to my family for believing in this bank,” they wrote.

“I have never known what it’s like to be without money, especially all of a sudden, we are down on our luck after doing everything right.

The only thing wrong we did was trusting Bank of America with our money, harming our well-being and mental health, [and] forcing me to lose the ability to provide for my family as well.”

Bank of America told the customer that they had sent a letter notifying them of the closure, but the Redditor said it was stolen so they never got it.

Ultimately, the bank never disclosed the reason behind why it closed the customer’s account.

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

Market News Published Daily 📰

Market News Today - Chase Now Announces New Unexpected Branch Closures.
Market News Today – Chase Now Announces New Unexpected Branch Closures.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



This Massive Coffee Company Is Now Adding New Holiday Flavors

A massive coffee company is now adding new holiday flavors to its menu for a very limited time according to RestaurantDive.

Starbucks is adding four new, holiday-themed cold foams including Peppermint Chocolate Cream, Sugar Cookie Cream, Caramel Brulée Cream and Chestnut Praline Cream.

“Such charges for drink customization are an important piece of Starbucks’ revenue, accounting for around $1 billion dollars annually,” CEO Laxman Narasimhan said on the company’s Q3 2023 earnings call.

Last year, in some regions outside the U.S., the chain tested a Toffee Nut Cream cold foam for its holiday lineup and offered Irish Cream Cold Brew with cold foam across its markets.

However, this year’s holiday-themed cold foams are a significant boost to the brand’s foam offerings.

Narasimhan, on the earnings call, described cold foams as the fastest-growing category of customization for the chain.

The cold foam boom is likely driven by two interrelated market forces: A preference for customized drinks, and younger consumer’s growing demand for cold coffee, reports RestaurantDive.

“Young diners’ preference for cold coffee has helped extend pumpkin spice season ever deeper into August, and may, with the help of holiday flavors, boost demand for iced coffee in the winter.”

Starbucks framed the launch of the foams as an offering targeted at consumers “who love cold coffee even on the chilliest of winter days.”

High demand for customized coffee, including cold coffees, however, has proven operationally complex for Starbucks.

Complicated drink orders have put stress on workers and helped drive the ongoing union campaign at Starbucks. 

These complications inspired Starbucks to begin testing a redesigned kitchen system, called the Siren System, in late 2022, and to design a handheld cold foam blender, which Narasimhan said the chain had installed in all of its stores by the end of summer 2023.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Retailer News Today

Market News Today - This Massive Coffee Company Is Now Adding New Holiday Flavors.
Market News Today – This Massive Coffee Company Is Now Adding New Holiday Flavors.

A massive restaurant chain is now facing a surprising sex scandal lawsuit after the company failed to address the misconduct.

A former Taco Bell cashier said the company allegedly did nothing after she received threats from colleagues for reporting to human resources misconduct at a restaurant Christmas party, according to a lawsuit filed in the Superior Court of California. 

The employee said she was told to transfer locations after reporting threats of harassment to human resources.

The employee allegedly received threatening texts and had her car window broken after she reported witnessing co-workers becoming overly intoxicated, vomiting and openly having sex during the party at the store.

“While we don’t own or manage this location, the franchisee who owns and operates this restaurant has shared that they take these claims very seriously,” Taco Bell shared in an email to HR Dive. 

Alvarado Restaurant Group, the franchisee, did not immediately respond to requests for comment.

The employee’s lawsuit alleges discrimination, sexual harassment, a hostile work environment, retaliation and failure to investigate under California’s Fair Employment and Housing Act (FEHA) and California Labor Code.

The company fired the co-workers who misbehaved at the party but didn’t discipline the employees who sent threatening messages, the lawsuit alleges. 

Also Read: A US Bank is Now Denying Customers Access to Money

Market News Published Daily 📰

Market News Today - This Massive Coffee Company Is Now Adding New Holiday Flavors.
Market News Today – This Massive Coffee Company Is Now Adding New Holiday Flavors.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



Unexpected Layoffs in Michigan Will Now Affect Thousands Soon

Unexpected layoffs in Michigan will now affect thousands soon according to the latest WARN data today.

total of 10 businesses have now filed WARN notices advising of layoffs in Michigan during this fourth quarter.

While these businesses have not yet announced a starting date, the notice dates are currently available.

It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.

Below is a list of companies who have advised of upcoming layoffs in Michigan so far during the fourth quarter of 2023:

  • RPT REALTY. 99 job cuts, filed 10/30.
  • FAITH PLASTICS LLC. 10 job cuts, filed 10/17.
  • Exela Technologies.44 job cuts, filed 10/17.
  • ANTOLIN. 146 job cuts, filed 10/13.
  • ST JAMES NURSING & PHYSICAL. 34 job cuts, filed, 10/10.
  • ACCENTURE TECHNOLOGY. 83 job cuts, filed 10/9.
  • Meridian Lightweight Technologies Inc. 25 job cuts, filed 10/04.
  • GREAT LAKES CASTINGS LLC. 100 job cuts, filed 10/03.
  • DURA FREMONT LLC. 25 job cuts, filed 10/3.
  • VENTRA EVART LLC. 414 job cuts, filed 10/3.
Layoffs in Michigan 2023.
Layoffs in Michigan 2023.

So far in 2023, there has been approximately 8,240 layoffs in Michigan across 50 businesses according to the latest WARN data.

California remains the #1 state with the most layoffs in the country.

In second place is New York followed by Colorado, IllinoisTexasWashington, New Jersey, FloridaMichigan, and Georgia.

For more news and updates like this, opt-in for push notifications.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.
Market News Today – Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.

A bank customer now faces a painful eviction after their account was closed ‘without explanation’, according to new reports.

The Bank of America customer has shared how they were left with no money after Bank of America abruptly closed their account.

A Reddit user who goes by Jorose explained the hardships they went through after their bank account was suddenly closed.

On the r/banking subreddit, they explained that they had a direct deposit pending and all of their bills were due the week the account was shut down.

They wrote that they were left with no money for gas or rent and were faced with an eviction notice due to it.

Their car insurance went unpaid and their entire family’s phones were disconnected as the phone bill went unpaid as well.

Furthermore, the family was forced to go to a shelter for their meals.

“We feel insulted to be labeled as criminals, to be treated as such, and be put in such a position that has caused harm to my family for believing in this bank,” they wrote.

“I have never known what it’s like to be without money, especially all of a sudden, we are down on our luck after doing everything right.

The only thing wrong we did was trusting Bank of America with our money, harming our well-being and mental health, [and] forcing me to lose the ability to provide for my family as well.”

Bank of America told the customer that they had sent a letter notifying them of the closure, but the Redditor said it was stolen so they never got it.

Ultimately, the bank never disclosed the reason behind why it closed the customer’s account.

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

Market News Published Daily 📰

Market News Today - Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.
Market News Today – Unexpected Layoffs in Michigan Will Now Affect Thousands Soon.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



Layoffs in Arizona Surge According to New WARN Data

Layoffs in Arizona surge according to new WARN data as more businesses advise of upcoming job cuts this year.

A total of 10 businesses have now filed WARN notices advising of layoffs in Arizona during this fourth quarter.

While these businesses have not yet announced a starting date, the notice dates are currently available.

It’s important to note that under the Worker Adjustment and Retraining Notification Act, an employer with more than 100 full-time workers must provide a 60-day notice before laying off 50 or more people at a single site.

Below is a list of companies who have advised of upcoming layoffs in Arizona so far during the fourth quarter of 2023:

  • Management & Training Corporation (MTC). 86 job cuts, filed 11/27.
  • HMSHost. 68 job cuts, filed 11/24.
  • Cognizant Technology Solutions U.S. Corporation. 88 job cuts, filed 11/09.
  • Erus Energy/Erus Holdings, LLC/Erus Builders, LLC/National Clean Energy, LLC. 58 job cuts, filed 11/07.
  • Bealls Inc. 14 job cuts, filed 11/06.
  • Cygnus Home Service, LLC. 68 job cuts, filed 10/25.
  • La Fonda Restaurant. 20 job cuts, filed 10/23.
  • Transdev Services. 829 job cuts, filed 10/20.
  • Mobile Health dba Alliance Ambulance of Arizona LLC. 156 job cuts, filed 10/05.
  • LECLERC FOODS NUTRITION ARIZONA, LLC. 93 job cuts, filed 10/4.
Layoffs in Arizona 2023.
Layoffs in Arizona 2023.

So far in 2023, there has been approximately 2,254 layoffs in Arizona across 62 businesses according to the latest WARN data.

California remains the #1 state with the most layoffs in the country.

In second place is New York followed by Colorado, IllinoisTexasWashington, New Jersey, FloridaMichigan, and Georgia.

Also Read: Massive Layoffs in California Now Underway Prior to Holidays

Other Economy News Today

Market News Today - Layoffs in Arizona Surge According to New WARN Data.
Market News Today – Layoffs in Arizona Surge According to New WARN Data.

A bank customer now faces a painful eviction after their account was closed ‘without explanation’, according to new reports.

The Bank of America customer has shared how they were left with no money after Bank of America abruptly closed their account.

A Reddit user who goes by Jorose explained the hardships they went through after their bank account was suddenly closed.

On the r/banking subreddit, they explained that they had a direct deposit pending and all of their bills were due the week the account was shut down.

They wrote that they were left with no money for gas or rent and were faced with an eviction notice due to it.

Their car insurance went unpaid and their entire family’s phones were disconnected as the phone bill went unpaid as well.

Furthermore, the family was forced to go to a shelter for their meals.

“We feel insulted to be labeled as criminals, to be treated as such, and be put in such a position that has caused harm to my family for believing in this bank,” they wrote.

“I have never known what it’s like to be without money, especially all of a sudden, we are down on our luck after doing everything right.

The only thing wrong we did was trusting Bank of America with our money, harming our well-being and mental health, [and] forcing me to lose the ability to provide for my family as well.”

Bank of America told the customer that they had sent a letter notifying them of the closure, but the Redditor said it was stolen so they never got it.

Ultimately, the bank never disclosed the reason behind why it closed the customer’s account.

Also Read: The US Treasury Direct is Now Freezing Customer Accounts

Market News Published Daily 📰

Market News Today - Layoffs in Arizona Surge According to New WARN Data.
Market News Today – Layoffs in Arizona Surge According to New WARN Data.

Don’t forget to opt-in for push notifications so you don’t miss a single article!

Also, thank you to all of our blog sponsors.

This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.

Scroll below to view my stock purchases this month!

You can also follow me on X (Twitter)InstagramFacebook, or LinkedIn for daily news and updates on your favorite stories.


Frank Nez’s Stock Portfolio

Wondering which stocks Frank Nez is holding? Which stocks is Frank Nez buying?

Frank Nez is now sharing his exclusive and personal stock portfolio with readers, only on the Patreon.

11/16/2023 – Today I invested $1,000 in two different stocks for a brand new stock dividend portfolio I am creating for 2024.



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