Business

The Federal Reserve’s potential interest rate cut has significant implications for businesses like Home Depot. Chief Financial Officer Richard McPhail highlighted how homeowners are delaying moving into new homes or embarking on major projects due to the current high interest rates. This delay is fueled by the expectation that interest rates will decrease in the
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In a surprising turn of events, Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has recently filed for Chapter 11 bankruptcy protection. This decision comes amidst a wave of similar bankruptcies in the fitness industry post-pandemic, including notable names like New York Sports Club, 24 Hour Fitness, and Gold’s Gym.
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Delta Air Lines recently reported that the CrowdStrike outage and subsequent flight cancellations in the previous month resulted in a staggering cost of around $550 million for the airline. This financial impact includes a significant $380 million revenue loss in the current quarter, mainly due to reimbursing customers for canceled flights and providing compensation in
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Disney investors have long been wary of the company’s media business, which has historically been seen as a burden. The narrative surrounding Disney’s financial performance has been dominated by streaming losses, declining traditional pay TV revenue, and box office failures. This has led to a stagnation in stock price, with shares falling about 24% over
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Disney has recently announced that it will be raising prices on its streaming platforms starting in mid-October. Most plans for Disney+, Hulu, and ESPN+ will see an increase of $1 to $2 per month. The most expensive Hulu plans, which include live TV, will have a significant increase of $6 per month. Additionally, Disney+ basic
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Tadge Juechter is a name synonymous with the iconic Chevrolet Corvette. His career at General Motors spanned nearly 47 years, during which he played a pivotal role in shaping the future of the Corvette brand. As the “godfather” of the modern Corvette, Juechter’s influence is undeniable, culminating in the recent unveiling of the 2025 Chevrolet
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