As the end of the year approaches, a government shutdown threatens to overshadow what is typically a bustling holiday travel season in the United States. With lawmakers failing to reach an agreement, tensions have escalated, culminating in the rejection of a short-term funding bill that had the backing of President-elect Donald Trump. This political stalemate
Business
In a shocking turn of events, Party City has made the decision to close all of its retail locations, sending ripples of disbelief among employees and customers alike. The announcement came on a Friday, when CEO Barry Litwin conveyed the disheartening news during an internal meeting, marking an abrupt end to countless jobs. With immediate
2023 has marked an unprecedented year for chief executive officer (CEO) turnover in U.S. public companies, with 327 changes reported by Challenger, Gray & Christmas—a record since the firm began tracking this data over a decade ago. This significant shift indicates a broader trend of increasing volatility in corporate leadership, revealing an evolving landscape where
The realm of college sports has undergone a seismic shift in recent years, transitioning from a traditional amateur framework to a lucrative enterprise closely resembling professional sports. With revenue generation in the billions, an intriguing question arises: what determines the financial worth of a college sports program? This inquiry has gained traction, particularly among private
As analysts forecast a notable resurgence in U.S. new vehicle sales for 2025, the automotive landscape is poised for transformation. With expectations to reach around 16.3 million light-duty vehicle sales, this figure represents a significant increase from anticipated sales ranging between 15.9 to 16 million in the current year. This rebound would mark the highest
On Tuesday, Starbucks Workers United announced a significant turning point in their ongoing struggle for better contract negotiations with Starbucks: an astounding 98% of union baristas voted in favor of authorizing a strike. This decisive action indicates a growing frustration among workers who have tirelessly advocated for better wages, working conditions, and comprehensive benefits from
Unrivaled, a startup basketball league, has garnered significant attention following its announcement of raising $28 million in a Series A funding round just ahead of its inaugural season. This funding marks a pivotal moment for the league, which aims to redefine women’s professional basketball by establishing a solid foundation built on expertise and strategic partnerships.
The landscape of air travel has undergone a notable transformation since the pandemic, reflected in shifting passenger priorities and airline strategies. Travelers are no longer satisfied with merely purchasing cheap seats; they are increasingly willing to invest in more spacious accommodations. As we analyze this inevitable evolution, it is imperative to understand the factors influencing
The recent death of Brian Thompson, the former CEO of UnitedHealthcare, has struck a poignant chord within the healthcare community. Andrew Witty, the current CEO of UnitedHealth Group, took to the New York Times to express his condolences while also addressing a critical issue— the intrinsic flaws of the U.S. healthcare system. This tragedy has
Costco Wholesale Corporation recently demonstrated remarkable financial strength in its fiscal first quarter, surpassing the earnings and sales predictions set by Wall Street analysts. With earnings per share (EPS) reaching $4.04 against expectations of $3.79, and revenues hitting $62.15 billion compared to forecasts of $62.08 billion, Costco’s performance showcased its ability to thrive even amidst