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More companies are declaring bankruptcy and shutting down operations, citing inflation and high costs.

Inflation and the economy remains a top issue among all voters, according to a recent The Center Square Voters’ Voice Poll.

Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research.

The closures are a 24% increase from 2023.

US drug stores and pharmacy closures led to 8 million square feet of shuttered retail space this year, the research company said.

It also notes that retailers are losing inventory and customers due to retail theft. Retail shrink is closely connected to organized retail crime, it notes.

Out of the 3,200 being closed, the majority are being closed by roughly 30 retailers, with Family Dollar closing the most of over 600, according to the data, CBS News reported.

Tupperware is the latest to announce it’s permanently closing its last operating production plant in the US in Hemingway, South Carolina.

All of its 148 workers will be laid off, the first in September, followed by others in waves through next January.

Tupperware announced its plans last week, stating it would continue to produce its products in a plant in Lerma, Mexico.

The iconic plastic container company has also been shedding real estate and dealing with a non-compliance notification from the New York Stock Exchange, Plastics Today reported.

The teen apparel retail chain, Rue21, also filed for bankruptcy last month, announcing it was closing all 540 of its stores.

The Pittsburgh-based retailer was in $200 million worth of debt and is laying off all of its 4,900 employees because of under-performing retail locations inflation and macroeconomic headwinds, CNNreported.

The California-based discount retail chain 99 Cents Only filed for bankruptcy in April because the last several years have presented significant and lasting challenges in the retail environment, the Los Angeles Times reported. Its closing all 371 of its stores.

Others closing stores this year include CVS Health, 7-Eleven, Rite Aid, Express, Walgreens Boots Alliance, Macys, The Body Shop, Soft Surroundings, Burlington stores, Foot Locker, Carters Big Lots, Dollar General, Abercrombie & Fitch Co., Big Lots, Best Buy and others, according to the CoreSight analysis.

The trend of stores closing is up from the amount that closed in 2023, The Center Squarereported.

Last year, retail stores, pharmaceutical and fast-food chains continued a trend of previous years: declaring bankruptcy and closing their doors or shutting down some locations to cut costs, citing inflation, higher costs and profit losses.

In January of this year, the trend continued, led by the iconic department store Macys.

Inflation has also hit the car insurance market,causing ratesto surge 26% nationwide in one year and remain elevated until 2025.

Potential home buyers are also not immune from inflationary woes. In 2024,home buyers needed 80% more income to purchase a home than they did in 2020, The Center Squarereported.

Americans are also feeling the pinch at the grocery store.

Its been 30 years since food ate up this much of your income, the Wall Street Journal reported, citing high transportation, fuel, ingredients, services and labor costs all contributing to food manufacturers, grocery stores and restaurants keeping prices up.

Food inflation has been evidenced the most by higher prices and smaller portions, otherwise known as shrinkflation, The Center Square first reported on in 2022.

Earlier this year, former CEO of Home Depot and Chrysler Bob Nardell warned more layoffs were coming because high-interest rates are “killing” middle and lower-market companies, The Center Square reported.

One key indicator of economic health is consumer spending, and while it hasnt yet slowed, warning signs are there because its largely being financed by debt, economists have explained.

And consumers are also struggling to pay it off, they add.

Earlier this year, economist David Rosenberg of Rosenberg Researchwarnedthat as total credit card debt reached a new all-time high of $1.13 trillion, credit card and auto loan delinquencies were also up.

“As far as consumer credit is concerned, the default cycle isn’t merely looming, it’s arrived,” he wrote in an economic report.

According to a recent The Center Square Voters’ Voice Poll, conducted in conjunction with Noble Predictive Insights, inflation/price increases (45%) and the economy/jobs (24%) are top concerns among voters.

“Inflation is a high-ranking issue among Democrats and Republicans and True Independents,” David Byler of Noble Predictive Insights told The Center Square. “Every political group thinks this matters.”

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Sources: Nats demote All-Star after all-nighter

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Sources: Nats demote All-Star after all-nighter

The Washington Nationals demoted All-Star shortstop CJ Abrams to the minor leagues after he stayed out all night at a Chicago-area casino, leaving only hours before a Friday day game against the Chicago Cubs, sources told ESPN’s Jesse Rogers.

The 23-year-old Abrams led off for the Nationals and went 0 for 3 with a walk and strikeout in Friday’s game, which started at 1 p.m. CT. He was informed of the demotion Friday night, sources said. He will be sent to West Palm Beach, home of the Nationals’ minor league complex.

Because Abrams has been with Washington for the entirety of the season, the demotion will not affect his service time. Players earn a full year of service with 172 days on the major league roster, and Abrams already has exceeded that threshold.

Abrams could, however, file a grievance through the Major League Baseball Players Association to fight for lost pay if he believes the demotion unjust. He would lose around $30,000 of his $752,000 salary for missing the season’s final week. Abrams will be arbitration-eligible this winter, entering the system for the first of four times as a Super 2.

Acquired as one of the centerpieces of the Juan Soto trade two years ago, Abrams parlayed a breakout first-half into an All-Star selection, hitting .268/.343/.489 with 15 home runs and 15 stolen bases over the Nationals’ first 89 games. He struggled significantly in the second half, slashing .203/.260/.326, and Abrams’ defense has been a weakness throughout the season.

Still, the Nationals did not intend to send him to the minor leagues until they learned of his time spent at the casino, which was first reported Friday by CHGO.

“I just want it to be known it wasn’t performance-based,” Nationals manager Dave Martinez told reporters Saturday. “It’s an internal issue. I’m not going to give specifics.”

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World

At least 44 people killed in Israel strikes on Lebanon and Gaza in last 24 hours

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At least 44 people killed in Israel strikes on Lebanon and Gaza in last 24 hours

At least 44 people have been killed in Israeli strikes on Lebanon and Gaza in the last 24 hours. 

A strike on the Lebanese capital Beirut killed at least 31 people including three children and seven women, the country’s health minister Firas Abiad said.

Beirut
Beirut

Fifteen of the 68 wounded in the attack remain in hospital.

Ali Harake, the head of the rescue team searching through the rubble, told Sky News his team is still looking for between 17 and 18 missing people – though he fears none have survived.

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‘I think the missing people are dead’

Follow the latest updates on the Middle East

It is understood two apartment blocks in a densely populated southern neighbourhood collapsed in the strike – the deadliest attack on Beirut in decades.

Beirut

Top Hezbollah commanders are believed to have been meeting in the basement of one of the buildings.

More on Hezbollah

Hezbollah has confirmed two of its senior commanders, Ibrahim Aqil and Ahmed Wahbi, died in the strike while an Israeli military spokesperson said that at least 16 Hezbollah militants were killed.

Beirut

Wahbi oversaw the military operations of the Radwan special forces – a commando unit that seeks to infiltrate and carry out attacks in Israel – until early 2024. Aqil was also a top commander for the Iran-backed group.

The Palestinian militant group Hamas has described the killing of Aqil as a “crime” and a “folly”, adding Israel will “pay the price”.

Read more: Israeli airstrike on Beirut causes more shock to a country already rocked to its core

Meanwhile, at least 13 people have been killed in Israeli strikes on Gaza City, according to a local report.

The strikes are believed to have hit several schools sheltering displaced people in the southern part of the city.

Palestinians inspect a school, which was sheltering displaced people, after it was hit by an Israeli strike, amid the Israel-Hamas conflict, in Gaza City, September 21, 2024. REUTERS/Dawoud Abu Alkas
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Inside a school, that was sheltering displaced people, after it was hit by an Israeli strike this morning. Pic: Reuters

A Palestinian man walks on a street after a school, which was sheltering displaced people, was hit by an Israeli strike, amid the Israel-Hamas conflict, in Gaza City, September 21, 2024. REUTERS/Dawoud Abu Alkas
Image:
The street outside the school. Pic: Reuters

The strikes come after Hezbollah launched one of its most intense bombardments of northern Israel in nearly a year of fighting, largely targeting Israeli military sites.

Israel’s Iron Dome missile defence system intercepted most of the Katyusha rockets.

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Hezbollah said its latest wave of rocket attacks was a response to past Israeli strikes on southern Lebanon.

It came days after mass explosions of Hezbollah pagers and walkie-talkies killed at least 37 people, including two children. Some 2,900 others were wounded in the assault which has been widely attributed to Israel.

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World

Fire rips through arms depot deep inside Russia after huge Ukrainian drone attack – as Zelenskyy prepares to meet Trump

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Fire rips through arms depot deep inside Russia after huge Ukrainian drone attack - as Zelenskyy prepares to meet Trump

A fire has ripped through a Russian missile depot in the Tver region deep inside the country after it was targeted in a Ukrainian drone attack, the defence ministry in Moscow has said.

Footage shows a second Ukrainian drone attack on the southwestern Russian region of Krasnodar also triggered a fire and caused a series of explosions.

Russia’s defence ministry has claimed its forces shot down 101 Ukrainian drones over Russian territory and occupied Crimea during the overnight attacks.

The drone strikes were carried out as Ukrainian leader Volodymyr Zelenskky said he is hoping to meet Donald Trump next week when he travels to the US – where he will present US President Joe Biden with a “victory plan” in relation to the war.

An explosion after the drone strike on the arms depot in Krasnodar
Image:
An explosion after the drone strike on the arms depot in Krasnodar

Meanwhile, Ukraine’s foreign minister said Russia appears to be planning strikes on Ukrainian nuclear facilities before the winter.

Posts on local Telegram channels said a Ukrainian drone attack struck an arms depot near the town of Toropets, in Russia’s Tver region – which is about 380 kilometres (240 miles) northwest of Moscow and about 500 kilometres (300 miles) from the Ukrainian border on Saturday.

Russian authorities closed a 100-kilometre (62-mile) stretch of a highway and evacuated passengers from a nearby rail station.

The depot appeared to be just miles from a Russian weapons arsenal storing missiles, bombs and ammunition in Tver that was struck by Ukrainian drones early Wednesday, injuring 13 people and also causing a huge fire.

Flames rise during an explosion, amid the Russia-Ukraine conflict, in Toropets, Tver region, Russia in this screen grab obtained from a social media video released on September 18, 2024. Social Media/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALES. NO ARCHIVES.
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Flames rise after the strike on the Tver region on Wednesday. Pic: Reuters

Meanwhile, at least 1,200 people were evacuated from Russia’s southwestern Krasnodar region after an ammunition depot and missile arsenal were struck in the second drone attack overnight, the local governor has said.

Most of those evacuated were staying with friends and relatives, Veniamin Kondratyev, the governor of Krasnodar region, said on the Telegram messaging app.

There were no immediate reports of casualties in either Tver or Krasnodar.

Ukraine warning of attacks on nuclear sites

It comes as Kyiv is urging the International Atomic Energy Agency (IAEA) and Ukraine’s allies to establish permanent monitoring missions at the country’s nuclear plants as it warns they could be targeted in Russian attacks.

“In particular, it concerns open distribution devices at (nuclear power plants and) transmission substations, critical for the safe operation of nuclear energy,” foreign minister Andriy Sybiha wrote on X.

Read more from Sky News:
Body found in search for missing TV chaplain
Parents die on Hawaii ‘babymoon’
Anthony Joshua’s shot at greatness against Dubois

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A mushroom cloud rises after the drone strike on Toropets in the Tver region. Pic: Reuters
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A mushroom cloud rises after the drone strike on Toropets in the Tver region. Pic: Reuters

Zelenskyy prepares for US trip

Meanwhile, the Ukrainian leader has said he plans to meet Republican presidential candidate Mr Trump on either Thursday or Friday next week.

During the trip, Mr Zelenskyy will present Mr Biden with a so-called victory plan as he hopes to bring about an end to the conflict.

Volodymr Zelenskyy with Donald Trump in 2020. Pic: Reuters
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Volodymr Zelenskyy with Donald Trump in 2020. Pic: Reuters

The Ukrainian president has said the plan will include long-range striking capabilities and other weapons long sought by Kyiv, and will serve as the basis for any future negotiation with Russia.

He is also expected to push Washington to lift restrictions on long-range missile strikes inside Russia.

Mr Zelenskyy will attend sessions of the UN Security Council and General Assembly and also plans to meet vice president Kamala Harris, the Democratic candidate in this year’s US election, in separate meetings on 26 September.

The developments come as three sources have told Reuters that Iran did not include mobile launchers with the close-range ballistic missiles that Washington has accused Tehran of delivering to Russia for use against Ukraine.

The sources – a European diplomat, a European intelligence official and a US official – said it was not clear why Iran did not supply launchers with the Fath-360 missiles, raising questions about when and if the weapons will be operational.

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