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
Business
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
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
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
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
Fans of the Dallas Mavericks and New Orleans Pelicans are in for a change as both teams are set to leave their regional sports networks owned by Diamond Sports. This shift comes at a crucial time as the NBA season is around the corner, with both franchises yet to announce where their local games will
Cava, a popular Mediterranean restaurant chain, recently announced a significant increase in its full-year outlook after reporting strong traffic at its locations. This positive news fueled better-than-expected quarterly earnings and revenue for the company, leading to a 7% increase in its stock in extended trading. This boost in performance has also resulted in Cava’s market
Edgar Bronfman Jr.’s recent offer for a controlling stake in Paramount Global has sparked speculation about the future of the company and its leadership. If Bronfman’s bid is successful, it could potentially keep Shari Redstone close to Paramount. Currently serving as the non-executive chairman at Paramount, Redstone may continue to be involved with the company
Boeing recently made the decision to return its Starliner capsule from the International Space Station without the NASA astronauts that it initially delivered to orbit in early June. This unexpected turn of events was announced by the agency, with the astronauts Butch Wilmore and Suni Williams now set to return via SpaceX’s Dragon spacecraft instead.
The Biden administration recently announced that it will be resuming the distribution of free at-home Covid-19 tests to American households starting in late September. This decision comes as the virus continues to spread rapidly throughout the United States, particularly with the rise of new variants such as the highly contagious omicron variant JN.1. The at-home