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Millions Of Americans Are Giving Up On Buying New Cars

Millions Of Americans Are Giving Up On Buying New Cars A growing number of Americans can no longer afford to buy new vehicles. Since 2020, roughly one million potential buyers have exited the market, and industry forecasts suggest they are unlikely to return soon, according to Wall Street Journal.  Although automakers initially expected sales to recover to pre-pandemic levels, persistent economic pressures have kept demand below earlier expectations. Before COVID-19, U.S. new-vehicle sales typically reached around 17 million units annually. Today, most forecasts place demand closer to 16 million vehicles or less,...
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Jul 28, 2026 / Tyler Durden
J&J's Proposed $5.5 Billion Talc Settlement May "Lift Remaining Overhang" On Shares, Says Guggenheim
J&J's Proposed $5.5 Billion Talc Settlement May "Lift Remaining Overhang" On Shares, Says Guggenheim Johnson & Johnson announced late Monday that it had reached an agreement to commit $5.5 billion to resolve most lawsuits alleging its talc products caused ovarian cancer. The settlement could end 15 years of litigation and "lift the remaining overhang" on J&J shares, according to one institutional trading desk. The "comprehensive resolution," as described by J&J, requires participation from law firms representing at least 95% of pending state and federal claims. The company faces roughly 76,000 lawsuits,...
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Apr 16, 2026 / Jason Ditz
Israel Destroys Last Bridge to Southern Lebanon Ahead of Ceasefire
Thursday’s announcement of the ceasefire in Lebanon brought some relief to the 20% of Lebanon’s population that is currently displaced by the conflict. Whether or not they’ll actually be able to return home is another matter entirely. In the hours leading up to President Trump’s declaring a ceasefire would start at 5 pm EST on […]
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May 16, 2026 / Tyler Durden
Pentagon 'Blindsided' As Hegseth Pulls Plug On 4,000-Troop Deployment To Poland
Pentagon 'Blindsided' As Hegseth Pulls Plug On 4,000-Troop Deployment To Poland President Trump's earlier previewed controversial troop cuts for the European continent may already be in progress, and could happen more rapidly than previously thought.  The US Army has canceled the deployment of the 2nd Armored Brigade Combat Team, 1st Cavalry Division to Poland, NBC reports this week. The deployment would have involved over 4,000 soldiers as well as military equipment. Getty Images Various reports say that top Pentagon staff were 'blindsided' by what is being characterized as War Secretary Pete Hegseth's sudden U-turn on the plan...
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