The announcement that Macy’s plans to close approximately 150 stores has spurred excitement in rival retail companies like Target and Kohl’s. This decision by Macy’s raises the possibility of increased sales for competitors due to the void it will create in the market. With Macy’s shrinking its physical footprint, competitors like Target and Kohl’s are
Business
United Airlines recently sent a note to its pilots, asking them to take unpaid time off in the upcoming month due to late-arriving aircraft from Boeing. This situation highlights how Boeing’s production problems and safety crisis are affecting the growth plans of its customers, including United Airlines. The offer for unpaid time off comes at
Toyota Motor is currently exploring the possibility of expanding its U.S. truck lineup to include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. This decision is being driven by anticipated customer demand and the tightening federal emissions and fuel economy regulations that are shaping the automotive industry landscape. Jack Hollis,
The study released by researchers at Yale University, King’s College Hospital in London, and Doctors Without Borders sheds light on the significant difference between the manufacturing cost of the diabetes drug Ozempic and the price Novo Nordisk charges for it in the U.S. The study suggests that Ozempic could be manufactured for less than $5
McDonald’s has recently announced plans to offer Krispy Kreme doughnuts at its fast-food restaurants across the United States. The initial phase of this rollout is expected to commence in the second half of the year, with aspirations of completion by the end of 2026. This strategic partnership entails McDonald’s becoming the sole fast-food collaborator with
The recent announcement of Boeing CEO Dave Calhoun stepping down at the end of 2024 marks a significant change in the leadership team of the embattled aerospace giant. Along with Calhoun, Larry Kellner, chairman of the board, has also decided to resign, and will not stand for reelection at Boeing’s annual meeting in May. This
The U.S. has rapidly taken over China as the top spot for millionaires and billionaires, according to a recent report. The report, known as the 2024 USA Wealth Report from Henley & Partners and New World Wealth, reveals that there are now more than 5.5 million Americans with liquid investible assets exceeding $1 million. This
For over 40 years, ESPN has enjoyed significant revenue growth by charging increasing cable subscription fees. As the world’s largest all-sports network, it initially charged less than $1 per month per subscriber in the 1980s. However, with the rise of cord-cutting in recent years, the traditional cable TV business model is under threat. As millions
Sotheby’s has recently unveiled its plans to increase its sports offerings, a strategic move aimed at tapping into the burgeoning demand for sports memorabilia and attracting a younger demographic. The initiative, known as “Sports Week,” will feature six live and online auctions showcasing items from some of the most prominent figures in sports. Kicking off
Artificial intelligence has made its way into the housing space, particularly in the field of architecture. Companies like ICON are pushing the boundaries of automation by introducing innovative AI programs like Vitruvius. This program enables consumers to design custom homes online and obtain plans, streamlining the process and making it more cost-effective and efficient. According