Category: Shutdowns (Institutional)

Asheville’s Restaurants Hit Reset After Hurricane Helene

Hurricane Helene’s floods have wreaked lasting damage on a tourist town whose nationally recognized restaurants are especially vulnerable to disasters.
TikTok Says U.S. Employees Will Have Jobs Even if the App Is Banned

The company is awaiting a decision over the constitutionality of a new law that aims to force a sale of the app to a non-Chinese owner under the threat of a ban.
U.S. Oil Production Is Booming. Oil Jobs Are Not.

The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
Port Labor Talks Hinge on Deal on Automation

Cargo could stop flowing at East and Gulf Coast ports, which handle most imports, if a union and an employers’ group can’t agree on the use of machines that can operate without humans.
Why Mergers of Carmakers Like Honda and Nissan Often Falter

The Japanese companies are considering joining forces to survive in a rapidly changing auto industry, but auto history is filled with troubled and failed marriages.
More Starbucks Store Workers Will Join Strike for Final Day

The walkout began Friday at stores in the Los Angeles, Seattle and Chicago areas and will end on Tuesday.
Iran’s Energy Crisis Hits ‘Dire’ Point as Industries Are Forced to Shut Down

Although Iran has one of the biggest supplies of natural gas and crude oil in the world, it finds itself in a full blown energy emergency, coming just as it also suffers major geopolitical setbacks.
Party City Stores to Close by February, Company Says

In an internal letter, the company said inflation and changes in consumer spending had forced it to shut its more than 700 stores.
How a Government Shutdown Could Affect the Economy

A short lapse in funding would probably do only modest damage. But it could send a troubling signal about government dysfunction.
Government Shutdown and Travel: What to Know About Flights, Passports and More

The failure to act by Congress could cause airport lines and other disruptions across the travel industry during a busy holiday travel period.
The Shutdown Crisis Leads to Questions About Who Is in Charge

Donald Trump has yet to take office but the president-elect and Elon Musk are already influencing policy, putting the federal government hours away from a shut down.
Washington and the Markets are Feeling the President-elect Effect

The President-elect takes office in a month, but his influence on policy is already being felt by investors and across Washington.