As the holiday travel season approaches its peak, the United States teeters on the brink of a government shutdown, raising significant eyebrows across various sectors, particularly in travel and aviation. Lawmakers find themselves gridlocked over budget negotiations, with a recently proposed short-term funding bill—championed by President-elect Donald Trump—rejected in a contentious vote. Without a comprehensive
Business
In a shocking turn of events, Party City has announced the closure of all its retail stores and the initiation of corporate layoffs, marking a significant downturn for the well-known party goods retailer. As CEO Barry Litwin delivered what he described as the most challenging message of his career, employees were informed that they would
In the corporate world, leadership transitions are a common occurrence, but the rising frequency of chief executive officer (CEO) changes in 2023 took many by surprise. According to Challenger, Gray & Christmas, a firm specializing in outplacement, U.S. companies reported 327 CEO changes by November this year—a staggering figure that represents the highest level of
In recent years, the landscape of college athletics has transformed dramatically, with college sports programs now raking in billions of dollars from television deals, sponsorships, and merchandise sales. This shift has attracted a myriad of private investors eager to tap into this lucrative market. As investors clamour for opportunities, a pivotal question arises: what is
As we look ahead to 2025, industry experts predict a notable rebound in U.S. new vehicle sales, potentially reaching 16.3 million units—the highest figures observed since 2019. This anticipated increase is attributed primarily to decreasing interest rates and improved affordability, reshaping the vehicle purchasing landscape. Cox Automotive, S&P Global Mobility, and Edmunds are closely aligned
As the tensions between Starbucks and its unionized workforce intensify, recent developments reveal that a staggering 98% of union baristas have voted in favor of authorizing a strike. This decisive action, spearheaded by Starbucks Workers United, highlights the urgency behind the workers’ demands for a fair contract after lengthy negotiations that have, thus far, yielded
In a significant development for women’s professional basketball, the startup league Unrivaled has successfully closed a Series A funding round, securing an impressive $28 million ahead of its inaugural season. This achievement is indicative of a transformative movement in women’s sports, providing both financial backing and credibility that could reshape the landscape of women’s basketball.
The travel industry is undergoing a significant transformation as airlines adapt to changing consumer preferences in the wake of the COVID-19 pandemic. Once primarily focused on offering budget travel, airlines are now recognizing a growing demand for premium experiences, leading to a redefined landscape in air travel where the competition for space in the front
In the wake of the tragic passing of Brian Thompson, the CEO of UnitedHealthcare, Andrew Witty, the CEO of UnitedHealth Group, expressed profound sorrow. This commemoration resonates as it underscores not just a loss of a leader but also serves as a critical juncture to scrutinize the complexities of the U.S. healthcare landscape. As Witty
Costco Wholesale Corporation recently released its financial performance for the fiscal first quarter, showcasing impressive results that exceeded Wall Street’s predictions. The company reported an earnings per share (EPS) of $4.04, significantly above analysts’ expectations of $3.79. This uptick in profitability is underpinned by a notable increase in net income, which rose to $1.80 billion
