Blink Fitness, a gym chain owned by Equinox Group, has recently filed for Chapter 11 bankruptcy protection. This move comes as a result of financial struggles faced by the fitness brand, which has over 100 centers across the U.S. The company has listed its assets at $100 million and liabilities at $500 million, indicating a
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As observed in the latest CNBC Investing Club with Jim Cramer livestream, U.S. stocks experienced a mixed performance on Monday. The S & P 500 and Nasdaq Composite both saw modest gains of 0.4% and 0.7%, respectively, while the Dow Jones Industrial Average dipped slightly by 0.1%. This fluctuation in the market was attributed to
Despite the U.S. economy remaining strong amidst inflation and high interest rates, a recent survey by Affirm found that 59% of Americans believe that the country is currently in a recession. This perception is fueled by higher costs and the struggle to make ends meet, with most respondents claiming that a recession started around 15
General Motors recently unveiled the redesigned versions of the GMC Terrain crossover, showcasing a more rugged exterior design. The new entry-level model, known as the “Elevation,” boasts a sleek and modern look that sets it apart from its predecessors. The compact crossover features a revamped interior with an impressive 26 inches of screens, including a
DirecTV, a company known for its traditional TV bundles delivered via satellite dishes, is making a bold move in the changing landscape of media consumption. Their latest ad campaign, “For the Birds,” features NFL star-turned-college football coach Deion Sanders as they aim to educate consumers that DirecTV is also a streaming company. The Shift to
In the current economic landscape, restaurant CEOs have an unending obsession with the concept of “value.” This fixation has become a recurring theme in quarterly conference calls among leading restaurant chains. “Value” is being touted as the ultimate solution to revive slowing sales and attract more customers. With a 27.2% increase in food prices since
The U.S. unemployment system has been under scrutiny, especially considering the renewed fears of a U.S. recession. Experts warn that the system is not fully equipped to handle another economic downturn, pointing towards the shortcomings that were exposed during the Covid-19 pandemic. According to Michele Evermore, a senior fellow at The Century Foundation, and other
The Olympic Games and other mega events like Taylor Swift’s Eras tour have historically caused a surge in prices in industries associated with tourism, such as hotels and airline tickets. This rise in demand from the influx of visitors typically leads to an increase in consumer prices. However, according to UBS, most French consumers are
In the world of investing, particularly in the stock market, the focus is often on finding reliable dividend-paying stocks that can provide stability and consistent returns to investors, especially during times of economic uncertainty. One such stock that has caught the attention of Wall Street analysts is Pfizer (PFE), a health-care giant that has been
Paramount Global’s recent announcement of cutting 15% of its U.S. workforce, resulting in the loss of about 2,000 jobs, raises concerns about the impact of such drastic cost-cutting measures on employees. The company has outlined a cost-saving strategy aiming to achieve $500 million in savings, with a significant portion coming from employee layoffs. The targeted