The recent bankruptcy filing of discount home goods retailer Big Lots has sent shockwaves throughout the retail industry. The company’s struggle to stay afloat amidst high interest rates and a sluggish housing market is a clear indication of the challenges faced by low-priced furniture and decor retailers in the current economic climate. The decision to
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Boeing’s Starliner capsule finally undocked from the International Space Station after a prolonged stay, missing the originally planned departure window. The spacecraft left behind the two NASA test pilots, Butch Wilmore and Suni Williams, who were initially delivered to orbit in early June. Instead of returning to Earth on the Starliner, the astronauts will be
The Green Bay Packers, a prominent National Football League team, stand out from the rest due to their unconventional ownership structure. Unlike other NFL franchises, the Packers operate as a publicly owned team, making them the only one of its kind in the four major North American professional sports leagues. Established over a century ago,
Back in 1989, Jerry Jones took a massive risk by purchasing the Dallas Cowboys for $150 million. At the time, the team was losing $1 million per month, and the future looked bleak. Jones had to act swiftly to turn the team’s fortunes around and make it profitable. However, with his unique vision and business
Molson Coors recently announced significant changes to its diversity, equity, and inclusion policies, following in the footsteps of several other companies. In an internal memo obtained by CNBC, the company revealed its decision to eliminate supplier diversity quotas. The executives at Molson Coors expressed that these quotas can be complex and influenced by external factors
Steph Curry, a four-time NBA Champion, is already looking towards his future after basketball. In a recent interview with CNBC, the 10-time NBA All-Star discussed his plans for the remainder of his basketball career and his aspirations for the future. Curry, who is 36 years old, has already established a media company called Unanimous Media,
The aviation industry has seen a significant shift in priorities among airlines in the wake of the pandemic. Previously focused on expanding their fleets with new aircraft, many carriers are now deferring deliveries and cutting back on growth plans to save money and return to profitability. This change in strategy is particularly evident among cash-strapped
The landscape of cannabis consumption in New York has undergone a significant transformation in recent years, with the legalization of adult-use marijuana opening up new opportunities for retailers. Amidst the upscale boutiques and designer stores that line Fifth Avenue, a new dispensary has emerged, offering a range of premium cannabis products to shoppers. This shift
The Food and Drug Administration recently gave its approval for Novavax’s updated protein-based Covid vaccine, allowing for emergency use in individuals aged 12 and over. This move opens up the competition in the market, pitting Novavax against the well-known Pfizer and Moderna vaccines this coming fall and winter. Novavax’s vaccine is specifically designed to target
American Eagle reported missing Wall Street’s sales targets for the second consecutive quarter, causing its shares to fall over 8% in early trading. However, despite the sales disappointment, the company’s profit grew significantly by almost 60% due to lower product costs. The reported net income for the three-month period was $77.3 million, or 39 cents