Tag:
Financial Impact
Albany, NY
On Your Side
Sudden About Face: Cracker Barrel Reverses Rebrand Over 'Woke' Accusations
Cracker Barrel is hitting reverse after a wave of protests and social media outrage shook the country’s beloved roadside restaurant. On Tuesday, Aug. 26, the company announced it is scrapping its rebrand launched earlier this month and restoring its classic logo featuring the familiar “Old Timer” figure and “Old Country Store” text. The move follows a sharp drop in stock value and days of heated feedback from customers unhappy with the new, modernized look. The “All the More” campaign, which launched just weeks ago, introduced a text-only logo and updated restaurant interiors. Gone w…
Hartford, CT
On Your Side
GM Suffers $1.1B Hit Because Of Trump's Tariffs
General Motors had a $1 billion hit over three months due to President Donald Trump's sweeping tariffs that have shaken the auto industry. GM reported a net income of $1.9 billion for the second quarter of 2025, down by about $1.1 billion from Q2 2024. Revenue slipped 1.8% to $47.1 billion. The automaker's North American operations were hit hardest, with profits falling nearly 46%. GM previously lowered its full-year outlook in May to account for a projected $4 billion to $5 billion tariff hit, which didn't change in the Q2 earnings report. Chief financial officer Paul …
Albany, NY
Your Community
'Divisive' Bill Targeting Asylum-Seekers Shot Down By County Lawmakers In Capital Region
County lawmakers in the region have voted down a resolution that would have tracked the amount of public funds that are spent on migrants arriving from New York City. Following a lengthy debate Monday evening, Aug. 14, the Democrat-controlled Albany County Legislature rejected a bill introduced by Republicans that sought to document the financial impact of asylum-seekers, migrants, and those experiencing homelessness. The move failed by a vote of 23 to 9. Supporters had argued that the bill would improve transparency and better position Albany County to shoulder financial impacts in the fu…
Dorchester, MA
Your Community
Boston Celtics Jaylen Brown Leaves Kanye West's Donda Sports Agency Over Controversial Comments
Boston Celtics star Jaylen Brown reversed his decision to stay with Kanye West's agency Donda Sports following the rap star's recent offensive comments. Brown said on Monday, Oct. 24, that while he disagreed with West's remarks, he would keep his deal with his agency. On Tuesday, he released a statement saying he wanted to clarify his position and had decided to end his relationship with the company. “In the past 24 hours, I’ve been able to reflect and better understand how my previous statements lack clarity in expressing my stance against recent insensitive public remarks and actions,”…
Port Chester, NY
Breaking News
Here's Percentage Of NYers Who Say Gas Prices Are Having Serious Impact On Their Finances
The spike in prices at the gas pump has led to struggles for some New Yorkers who have to contend with inflating prices, according to a new report. Siena College released the results of its most recent study that found that current gas prices are “very seriously” or “somewhat seriously” impacting 61 percent of all New Yorkers - up from 54 percent in a previous poll - who reported it was affecting their financial standing. According to AAA, the average price per gallon of gas in the US on Thursday, Jan. 13 is up to $3.30, roughly the same as a month ago, but nearly a full dollar ahead of wha…
Worcester, MA
On Your Side
Covid-
19: Beloved Performance Space For Sale - Local Orgs Lost $55 Million To Pandemic
On the heels of news that cultural organizations and artists west of I-495 have lost $80 million since the start of the pandemic, an art space for well-known local acts is closing. On Sunday, Jan. 31, Director Brain F. Hale said that The Bing Arts Center’s building in Springfield has been put up for sale. The asking price on the more than 10,000-square-foot property on Sumner Avenue is $175,000, according to LoopNet. “Unfortunately the cessation of income was not matched by a corresponding end of facility costs,” Hale said. “Our capacity to continue paying the bills is rapidly diminishing…
Fairfield, CT
On Your Side
Stop & Shop Could Lose $100M As Result Of 11-Day Workers' Strike
The Stop & Shop workers strike that lasted 11 days in Connecticut, Massachusetts and Rhode Island could cost the chain over $100 million in profits, Supermarket News reported. Parent company Ahold Delhaize gave the estimate following the end of the strike Sunday, April 21 of a one-off impact of $90 million to $110 million on the retail giant's underlying operating profit for 2019, according to the article. Lower sales, increased shrink of seasonal and perishable inventory, and additional supply-chain expenses are what makes up the amount, said the report. Ahold Delhaize said the strike…
