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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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
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
Since the merger between Discovery and WarnerMedia in 2022, David Zaslav, the CEO of Warner Bros. Discovery, has encountered various challenges. The company’s shares have plummeted by about 70% since the merger closed on April 8, 2022. Zaslav’s leadership has been marred by significant layoffs, cancelation of movies and TV series for tax purposes, discontinuation
Automaker Stellantis recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company shifts focus to a newer generation of the Ram 1500 that was introduced in 2018. The production of
Sick and tired of dealing with inconsistent pickleballs that were lacking in bounce and durability, Bahram Akradi, the founder and CEO of Life Time, made the bold decision to create what he calls “the ultimate pickleball.” This game-changing move is set to be unveiled exclusively at Life Time clubs later this month. Akradi recognized a
Delta Air Lines recently revealed that last month’s CrowdStrike outage resulted in a staggering $550 million financial hit for the company. This included a $380 million revenue loss in the current quarter due to the need to refund customers for cancelled flights and provide compensation in the form of cash and SkyMiles. Additionally, there was
JPMorgan Chase CEO Jamie Dimon recently shared his thoughts on the current state of the U.S. economy. Despite previous concerns, Dimon still believes that the chances of a “soft landing” are relatively low, sitting at around 35% to 40%. This means that he sees a recession as the more probable scenario. Dimon’s stance echoes his