The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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New York NY, Billionaire investor Stanley Druckenmiller sees a wave of optimism sweeping through businesses and markets following Donald Trump’s re-election. In a Monday interview on CNBC, Druckenmiller credited the shift to a stark change in administrative policies.
Continue reading Stanley Druckenmiller: Trump’s Re-Election Sparks Market Optimism
Hindenburg Research, a prominent name in the world of short selling and investigative financial reporting, has announced its closure. Founder Nate Anderson shared the news on Wednesday, marking the end of the firm’s impactful seven-year run.
Continue reading Hindenburg Research Closes Its Doors: The End of an Era in Short Selling
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Ridgewood NJ, The Net Zero Banking Alliance (NZBA) was established to bring banks together in a collective commitment to align their financial activities with achieving net zero greenhouse gas emissions by 2050. Despite its ambitious goals and the backing of global financial institutions, the alliance is now facing a significant challenge: a mass departure of major American banks.
Continue reading Major U.S. Banks Exit the Net Zero Banking Alliance Amid Political Shifts
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Ridgewood NJ, the U.S. job market showed continued resilience in December, with total nonfarm payroll employment increasing by 256,000, according to the Bureau of Labor Statistics (BLS). The unemployment rate remained stable at 4.1%, marking seven months of consistent rates between 4.1% and 4.2%.
Continue reading December Jobs Report: U.S. Adds More Than Expected 256,000 Nonfarm Payroll Jobs
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Newark NJ, East and Gulf Coast port operators reached a tentative agreement late Wednesday with the International Longshoremen’s Association (ILA), averting a labor strike that could have disrupted U.S. supply chains for the second time in three months.
Continue reading East and Gulf Coast Ports Avoid Strike with Tentative Six-Year Labor Agreement
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Garner North Carolina , Amazon warehouse workers in Garner, North Carolina, are gearing up for a pivotal vote next month that could make their facility one of the few unionized Amazon sites in the United States. The election, scheduled for February 10–15, represents the latest chapter in Amazon’s ongoing labor battles.
Continue reading North Carolina Amazon Workers Set to Vote on Unionization
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Newark NJ, as the Jan. 15 deadline looms, tens of thousands of longshoremen from Maine to Texas could walk off the job, potentially grinding billions of dollars in trade to a halt. The International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) remain at odds over automation, wage increases, and job security, setting the stage for a critical showdown.
Continue reading Looming Longshoremen Strike Could Shake U.S. Economy
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Fair lawn NJ, McDonald’s has announced significant changes to its diversity, equity, and inclusion (DEI) practices, citing a “shifting legal landscape.” The move aligns the fast-food giant with a growing trend among major corporations, including Walmart, Ford, Lowe’s, and Tractor Supply, which have scaled back or revised DEI goals following the U.S. Supreme Court’s 2023 ruling banning affirmative action in college admissions.
Continue reading McDonald’s Revises Diversity Initiatives Amid Changing Legal Landscape
Starting your own real estate business is an exciting venture that offers numerous opportunities. However, this journey requires careful planning and a solid understanding of the real estate market. Many aspiring entrepreneurs dive right in without considering the essential elements of launching a business.
Continue reading What to Know When Starting Your Own Real Estate Business
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Ridgewood NJ, nearly 100 New Jersey companies announced a combined total of more than 13,300 layoffs in 2024, reflecting New Jersey’s continued reputation as an unfriendly place for business and tightening job counts in white-collar sectors such as pharmaceuticals, banking, and finance.
Continue reading Yikes: New Jersey Companies Announce Over 13,300 Layoffs in 2024
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New York NY, as Washington, D.C., enters 2025, the nation faces a labyrinth of political and economic deadlines, from debt limit battles to potential government shutdowns. Despite this, Wall Street appears optimistic, with the stock market showing impressive resilience and significant gains as it closed out 2024.
Continue reading 2025 Stock Market Outlook: Resilience Amid Political and Economic Uncertainty
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New York NY, the Department of Justice (DOJ) announced on Monday the commencement of the 10th and final distribution from the Madoff Victim Fund, marking the culmination of a historic effort to compensate the victims of Bernie Madoff’s infamous Ponzi scheme.
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Ridgewood NJ, Corporate culture in America may be on the brink of a seismic shift, according to billionaire investor and Donald Trump adviser Marc Andreessen. Speaking on the Moment of Zen podcast with Erik Torenberg, Andreessen shared his belief that the dominance of “extreme wokeness” in corporate America, academia, and media is rapidly waning.
Continue reading Marc Andreessen Predicts the End of Corporate Wokeness: A Radical Shift in Culture
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Ridgewood NJ, it’s the most wonderful time of the year—but have you ever wondered who’s raking in the cash behind your holiday centerpiece? Whether you opt for a real tree or an artificial one, the Christmas tree business is big money. Let’s unwrap the facts.
Continue reading Who’s Making the Real Money in the Multibillion-Dollar Christmas Tree Industry?
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Ridgewood NJ, Two of Japan’s automotive giants, Honda and Nissan, have revealed they are in discussions to merge, a move that could position them as the third-largest car manufacturer globally by revenue, following Toyota and Volkswagen. The combined revenue of the proposed entity is projected to reach a staggering $191 billion annually.
