The year 2024 has seen a significant rise in the number of restaurant chains filing for bankruptcy across the country. This surge can be attributed to several key factors that have created a challenging operating environment for these establishments. One major reason for this trend is the shift in consumer behavior, with diners pulling back
Business
As airlines around the world navigate their way through the challenges brought on by the COVID-19 pandemic, low-cost carriers are finding themselves in a particularly tough spot. Cash-strapped and struggling to return to profitability, airlines like Spirit Airlines, JetBlue Airways, and Frontier Airlines are deferring billions of dollars worth of new aircraft orders in an
The landscape of cannabis consumption has drastically evolved over the past few years, with the emergence of luxurious dispensaries popping up on iconic streets like Fifth Avenue in New York City. What was once a taboo subject is now making its way into high-end shopping districts, appealing to a new demographic of consumers looking for
The Food and Drug Administration recently granted emergency use authorization for Novavax’s updated protein-based Covid vaccine in individuals aged 12 and older. This development presents a new player in the competition against Covid, joining the ranks of Pfizer and Moderna in offering vaccination options for the fall and winter seasons. Novavax’s vaccine specifically targets the
Best Buy recently announced that it has raised its fiscal-year profit guidance after exceeding earnings and revenue expectations for the most recent quarter. The retailer now anticipates full-year adjusted earnings per share in the range of $6.10 to $6.35, an increase from the previous range of $5.75 to $6.20. This adjustment reflects the company’s optimistic
Ford Motor, a well-known auto manufacturer, has recently made a significant shift in its stance on diversity, equity, and inclusion (DEI) initiatives. The company has reevaluated its policies and practices in light of the evolving political and social environment. This decision was communicated internally to Ford employees and has sparked controversy among advocates for DEI.
The world has seen a staggering 95% increase in the population of crypto millionaires over the past year, with over 172,300 individuals now holding more than $1 million in crypto assets. This massive growth is attributed to the rise of bitcoin exchange-traded funds and other crypto assets, which have experienced significant gains in value. The
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting news on how they will be able to watch local games in the upcoming National Basketball Association season. Both teams are making a significant change by moving away from their regional sports networks owned by Diamond Sports, as outlined in a recent bankruptcy
Boeing’s Starliner capsule was initially expected to return from the International Space Station with the NASA astronauts it delivered to orbit. However, in a surprising turn of events, NASA announced that the capsule would be returning empty. This decision marks a significant shift in strategy for both NASA and Boeing, as they had previously touted
The Biden administration has announced that it will resume offering free at-home Covid-19 tests to American households in late September. This decision comes as the virus has gained a stronger foothold in the U.S. during the summer months. Americans will soon be able to request four free tests through COVIDtests.gov, which will be able to