In a significant development for women’s sports, the startup basketball league Unrivaled has successfully closed a Series A funding round, securing an impressive $28 million as it gears up for its inaugural season. This funding comes on the heels of a previous seed round that raised $7 million in May, bringing the league’s total funding
Business
Since the onset of the COVID-19 pandemic, the airline industry has witnessed a fundamental shift in consumer behavior. As travel restrictions have eased, passengers have demonstrated a notable willingness to invest in upgraded seating options, particularly in premium cabins. The once straightforward distinction between economy and first-class seating is now heavily influenced by travelers’ preferences
The recent passing of Brian Thompson, the CEO of UnitedHealthcare, has not only left a void within the company but has also amplified discussions around the inherent flaws in the American healthcare system. Andrew Witty, CEO of UnitedHealth Group, made poignant remarks in the wake of this tragedy, asserting that the current healthcare system is
On a pivotal Thursday, the Consumer Financial Protection Bureau (CFPB) disclosed a significant rule that aims to significantly curb banks’ excessive overdraft fees. This move is projected to save the American populace a staggering $5 billion annually. The new regulation delineates that financial institutions may charge a maximum of $5 for an overdraft, a drastic
As we approach 2025, U.S. car dealers are expressing a newfound sense of optimism regarding the automotive market. This positive sentiment, largely attributed to the impending return of President-elect Donald Trump to the White House, is accompanied by favorable trends in interest rates and manufacturer-led sales incentives. Recent data from Cox Automotive, particularly the “Q4
The landscape of women’s basketball is evolving, and at the forefront of this transformation is the startup league known as Unrivaled. Set to debut its inaugural season on January 17 in Miami, the league aims to serve as a competitive space for some of the best female basketball players in the world. With an innovative
In a surprising turn of events, Tim Kuniskis has made his comeback to Stellantis, taking the helm of the Ram Trucks brand after having retired just a few months prior. His reappointment is not merely a nostalgia-driven decision; it reflects a strategic shift within a company grappling with market challenges. Kuniskis, known for his deep
The Consumer Financial Protection Bureau (CFPB) has recently brought a severe complaint against Comerica Bank, alleging significant misconduct in its management of the Direct Express prepaid debit card program. The essence of the CFPB’s lawsuit is multifaceted, indicating that the bank intentionally disconnected over 24 million customer service calls, unjustly imposed ATM fees on more
Ulta Beauty’s recent announcement regarding its fiscal third-quarter results brought a wave of relief to investors and market watchers alike. Defying widespread apprehensions about increasing competition and a perceived decline in consumer demand for cosmetics and skincare, the retailer reported earnings that exceeded Wall Street’s expectations. The company indicated a revised full-year revenue forecast of
In a bold move signaling a robust response to fluctuating market dynamics, JetBlue Airways has announced significant alterations to its flight operations. This decision, communicated to employees on Wednesday, represents the airline’s ongoing endeavor to streamline costs and achieve consistent profitability amidst a highly competitive market. The carrier’s strategy involves eliminating unprofitable flight routes, optimizing