Business

As the football season kicks back into action, it’s expected to bring in record-breaking betting returns. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion during this NFL season. This anticipated figure marks a significant increase of over 30% compared to the $26.7 billion wagered during last year’s
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Ulta Beauty’s shares plummeted 7% in extended trading after the company failed to meet second-quarter expectations and revised its full-year guidance due to a decrease in same-store sales. This marked the first earnings per share miss for Ulta since May 2020 and the first revenue miss since December 2020. Comparable sales in the second quarter
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The landscape of cannabis consumption is rapidly evolving, especially in a bustling metropolis like New York City. From iconic retailers on Fifth Avenue to chic dispensaries, the luxury market for cannabis is gaining significant traction. As the legal avenues for cannabis consumption expand, it is fascinating to see how high-end brands are entering the industry
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Low-cost and deep discounter airlines are facing significant challenges in the current economic climate. These airlines, such as Spirit Airlines, JetBlue Airways, and Frontier Airlines, have struggled to maintain profitability in the face of increased competition and rising costs. Engine repairs have also played a role in impacting their bottom line, leading these airlines to
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Amid the ongoing battle against the Covid-19 pandemic, the Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This development marks a significant milestone in the fight against the highly contagious omicron subvariant JN.1, which has been circulating widely in the United States. Novavax’s
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General Motors is making a strategic move by integrating its all-electric BrightDrop commercial vans into the Chevrolet brand. This decision is aimed at boosting sales, accessibility, and recognition of these vehicles among consumers. By aligning the BrightDrop vans with the well-established Chevrolet brand, GM is hoping to leverage the strength and reputation of Chevrolet to
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The toy industry faced a significant challenge in the first half of 2024 due to an inflation-fueled sales slump. However, amidst this turmoil, one company managed to stand out and gain market share – Lego. The Danish toymaker reported a remarkable 13% increase in revenue, reaching a total of 31 billion Danish krone, approximately $4.65
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