Dollar Tree and other discount stores suffer from increased supply change costs
COVID-19 outbreaks and congested ports have drastically increased the cost of moving merchandise across the world
Dollar Tree said Thursday that rising freight costs will drag down its earnings by $1.50 to $1.60 per share — more than double the 60 cents to 65 cent decline that it had projected in May
Student debt will be canceled by Education Department for 115,000 borrowers
On August 26, the U.S. Department of Education announced that they will waive $1.1 billion in student debt for 115,000 borrowers
This debt forgiveness is extended to those who attended ITT Technical Institute, a for-profit school
Since January, the Biden Administration has canceled student loans for more than 563,000 followers
Chip shortage causes UK car production to drop to 1956 production levels
On August 26, The Society of Motor Manufacturers and Traders has announced that UK manufacturers built only 53,438 vehicles in July which is a 37.6% decrease from July of 2020
The SMMT said a global semiconductor shortage, factory shutdowns, and worker absences amid the ongoing coronavirus pandemic all contributed to the decline
Moderna Covid vaccine suspended by Japan over contamination concerns
Over 1.6 million doses of the Moderna vaccine have been suspended by Japan on August 26 among concerns of contaminated vials
Across 8 vaccination sites in Japan, 40 unused vials have been spotted with unspecified foreign matter over the past 10 days
K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.