In the midst of an inflation-fueled sales slump hitting the toy industry in 2024, Lego stands out as a beacon of success. The Danish toymaker reported a 13% increase in revenue during the first six months of the year, reaching 31 billion Danish krone, or approximately $4.65 billion. This growth can be attributed to the
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The world has seen a staggering 95% increase in the population of crypto millionaires over the past year. This surge is directly tied to the rise in popularity of bitcoin exchange-traded funds and other crypto assets. According to a report by New World Wealth and Henley & Partners, there are now 172,300 individuals globally who
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting the upcoming NBA season, but they may be in for a change when it comes to watching their favorite teams play. Both franchises are parting ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing.
Restaurants across the United States have increasingly turned to surcharges and fees as a way to offset rising costs and ensure fair compensation for their employees. According to data from the National Restaurant Association, 15% of restaurant owners implemented surcharges or fees due to higher costs. In addition, the use of service fees has more
The Biden administration has announced that it will be providing free at-home Covid-19 tests to American households starting in late September. These tests can be requested through COVIDtests.gov, with each household being eligible for up to four free tests. This initiative aims to help keep families safe during the upcoming fall and winter season. Importance
The future of Paramount Global remains uncertain as the special committee announced an extension of the “go shop” period of its merger agreement with Skydance. Edgar Bronfman Jr. recently entered the scene with a competing offer, initially bidding $4.3 billion for Shari Redstone’s National Amusements. Bronfman proposed acquiring a minority stake in Paramount but later
Ford Motor’s recent announcement to delay production of a next-generation all-electric pickup truck and cancel plans for a three-row electric SUV marks a significant shift in the company’s electric vehicle strategy. Instead of focusing solely on all-electric vehicles, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles. This decision comes
Alaska Airlines has successfully completed the regulatory investigation by the U.S. Justice Department regarding its acquisition of Hawaiian Airlines. This milestone marks a significant step towards the completion of the $1.9 billion deal between the two carriers. The Justice Department’s review period ended without any legal action to block the merger, clearing the way for
California Governor Gavin Newsom recently signed 10 new bills into law designed to combat retail crime in the state. These laws target various aspects of retail crime, such as shoplifting, theft from vehicles, organized theft, and online marketplaces where stolen goods are resold. Retailers have raised concerns about the rising challenge of retail theft, affecting
Starbucks, a coffee giant known for its iconic locations, has been facing operational challenges that have led to a decline in sales in recent quarters. One of the main issues plaguing the company is the overcrowding at its cafes caused by a high volume of mobile orders. This has not only frustrated customers waiting for