In a startling turn of events, Party City, the well-known party supply retailer, announced the closure of all its stores and initiated immediate corporate layoffs, as reported by CNN. This decision, communicated by newly appointed CEO Barry Litwin in a somber meeting, marks what he described as the “most difficult message” he has had to
Business
In recent years, pickleball has transformed from a niche recreational activity into a competitive professional sport, experiencing an unprecedented growth trajectory. With the Professional Pickleball Association (PPA) at the forefront, this leap is not only evident in player participation but also in attendance and salary figures. Set against a backdrop of strategic mergers and increased
As we approach 2025, the automotive industry is poised for a notable rebound, with new vehicle sales expected to reach levels unseen since 2019. Analysts from Cox Automotive project that sales for light-duty vehicles could peak at approximately 16.3 million units—a modest increase from this year’s estimates of around 15.9 to 16 million. Other industry
In a significant move amid ongoing scrutiny of the food delivery industry, Grubhub has agreed to a $25 million settlement in response to a lawsuit initiated by the Federal Trade Commission (FTC) and the Illinois Attorney General, Kwame Raoul. This settlement arises from serious allegations regarding deceptive practices that purportedly impacted diners, delivery workers, and
The growing landscape of women’s professional basketball has reached an exciting juncture with the establishment of the startup league, Unrivaled. Announced to the public on a recent Monday, Unrivaled has successfully completed a Series A funding round, amassing a commendable $28 million in fresh capital ahead of its inaugural season. This robust influx of funding
The airline industry has witnessed a significant evolution in passenger behavior, particularly in the aftermath of the global pandemic. The days when the cheapest seats sufficed have faded, giving way to a burgeoning demand for premium cabin experiences among travelers. This shift has led to an interesting dynamic where airlines are adapting their strategies to
The passing of Brian Thompson, former CEO of UnitedHealthcare, is not only a monumental loss for his family and friends but also raises significant questions about the future of the U.S. health care system. Andrew Witty, CEO of UnitedHealth Group, recognized Thompson’s contributions in a heartfelt New York Times opinion piece following this tragic incident.
The recent announcement by the Consumer Financial Protection Bureau (CFPB) regarding a new rule aimed at limiting overdraft fees marks a significant shift in the dynamics between American consumers and financial institutions. With the CFPB estimating that this measure could save consumers around $5 billion each year, the implications for both everyday account holders and
As we approach 2025, U.S. auto dealers are experiencing a resurgence of optimism, a sentiment shaped by several influencing factors, including political dynamics and economic indicators. The aftermath of the recent presidential elections has established a backdrop that is, for many, more conducive to growth. President-elect Donald Trump’s administration is viewed with positive anticipation by
The basketball landscape is undergoing a notable evolution with the advent of the startup league, Unrivaled. Recently, this innovative 3×3 women’s basketball league made headlines by signing a multi-year agreement with Under Armour to become its official uniform supplier and performance outfitter. This partnership not only symbolizes a commitment to women’s sports but also heralds