The year 2024 has brought a significant surge in restaurant bankruptcy filings, reflective of a broader increase in corporate bankruptcies across various sectors. At least 10 restaurant chains have filed for bankruptcy this year, with notable eateries such as Roti, Buca di Beppo, and World of Beer facing financial difficulties. These bankruptcies have been attributed
Business
The airline industry, which once was focused on expanding fleets and adding new jets to meet increasing demand, is now facing a significant shift in strategy. Cash-strapped low-cost and deep discounter airlines, such as Spirit Airlines, JetBlue Airways, and Frontier Airlines, are putting off spending billions of dollars on new aircraft. The primary reason behind
The legalization of adult-use marijuana in New York state has paved the way for a new era of cannabis consumption, with licensed dispensaries now offering high-end cannabis products in luxury retail settings. The Travel Agency on Fifth Avenue is one such example, where shoppers can purchase not only premium jewelry and clothing but also locally-grown
The Food and Drug Administration has recently granted emergency use authorization for Novavax’s updated protein-based Covid vaccine for individuals aged 12 and older. This approval opens up the competition between Novavax and the well-known Pfizer and Moderna vaccines during the fall and winter seasons. Novavax’s latest vaccine is specifically designed to target the highly transmissible
Best Buy recently raised its fiscal-year profit guidance, indicating optimism in their financial outlook. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is higher than the previous range of $5.75 to $6.20. This increase in profit guidance suggests that the company is performing better than
Ford Motor’s recent decision to reevaluate its diversity, equity, and inclusion (DEI) policies has sparked a wave of controversy and debate. The company, like many others, has taken a step back to assess the ever-evolving political and social landscape surrounding DEI initiatives. This shift in focus on DEI efforts comes after a period of reexamination
The world has witnessed a staggering 95% increase in the population of crypto millionaires over the past year, as reported by New World Wealth and Henley & Partners. The number of individuals holding more than $1 million in crypto assets has now reached 172,300, a significant jump from 88,200 in the previous year. What is
Fans of the Dallas Mavericks and the New Orleans Pelicans may have to find a new way to watch their favorite teams in the upcoming NBA season. Both teams are parting ways with their regional sports networks, which are owned by Diamond Sports. This information was revealed in a recent bankruptcy court filing, causing uncertainty
Boeing’s Starliner capsule, which delivered NASA astronauts to the International Space Station in early June, will now be returning to Earth empty. This decision was announced by NASA on Saturday, stating that astronauts Butch Wilmore and Suni Williams will now return via SpaceX’s Dragon spacecraft. This change comes as a surprise, as it was previously
The Biden administration recently announced that it will be resuming the distribution of free at-home Covid-19 tests to American households in late September. This decision comes as the virus continues to spread rapidly in the U.S. during the summer months. The initiative will allow Americans to request up to four free tests through COVIDtests.gov, providing