Retailers entered the crucial holiday season with high hopes, but the results revealed a mixed bag, with some brands thriving and others facing investor skepticism. Early results highlight contrasting fortunes for major retailers like Lululemon, Abercrombie & Fitch, and Macy’s. Lululemon’s Holiday…
Macy’s, a leading department store chain in the United States, has revealed plans to close 66 stores as part of its ongoing strategy to revitalize the struggling business. This move is part of a broader plan revealed last year to shutter 150…
The future of TikTok in the United States is in jeopardy after a federal appeals court unanimously upheld a ban on the platform, effective January 19, 2025. This unprecedented decision will impact over 170 million users in the country and could set…
Theodore Farnsworth, the former CEO of Helios and Matheson Analytics—the parent company of MoviePass—has pleaded guilty to charges of securities fraud and conspiracy. His fraudulent activities could result in a prison sentence of up to 25 years, marking a significant development in…
Holiday online spending saw a significant boost this past season, growing 8.7% compared to last year. Data from Adobe Analytics reveals that consumers spent a staggering $241.4 billion on online purchases between November 1 and December 31, fueled by deep discounts and…
United Airlines is set to enhance its in-flight connectivity with the introduction of Starlink Wi-Fi, a cutting-edge service developed by Elon Musk’s SpaceX. Passengers can look forward to the roll-out beginning this spring, marking a significant milestone in the availability of high-speed…
In a significant move within the U.S. steel sector, US Steel and Nippon Steel have initiated a lawsuit against the Biden administration, the United Steelworkers (USW) union, and competitor steelmaker Cleveland-Cliffs. The legal action follows the government’s decision to block their $14.3…
General Motors (GM) and Ford Motor Company celebrated their strongest annual U.S. vehicle sales since 2019, overcoming pandemic disruptions and supply chain challenges. Both automakers reported significant growth in 2024, fueled by rising demand for electric and hybrid vehicles. A Record Year…
Tesla has marked a historic milestone—but not one to celebrate. The company experienced its first annual sales decline in 2024 since going public. This 1% drop from 2023’s total reflects a challenging year for the electric vehicle (EV) pioneer as market dynamics…
The victims of Bernie Madoff’s infamous Ponzi scheme have nearly recovered their financial losses, marking a significant milestone in the decade-long effort to address the fallout from history’s largest financial fraud. The Madoff Victim Fund (MVF) has completed its final round of…