Joann, a well-known crafting retailer, has announced that it will be closing over 500 of its stores across the United States. This decision comes after the company filed for Chapter 11 bankruptcy protection for the second time in a year. The closures will affect multiple states, with Washington bein
Elon Musk's recent move to take control of OpenAI has sparked a heated debate. The board of OpenAI is questioning the logic behind Musk's $97. 4 billion bid. This bid is part of a long-running feud between Musk and Sam Altman, the CEO of OpenAI. The situation escalated when a group of investors,
Inflation is on the rise, and it's hitting your wallet where it hurts the most. Prices for groceries, gasoline, and rents have all gone up, making life tougher for families and businesses. This news comes from the latest report from the government, which shows that prices have increased by 3% in Jan
Ford's CEO, Jim Farley, recently expressed some serious concerns about the impact of Trump's tariff policies on the automotive industry. He made these remarks at a recent conference in New York. Farley didn't mince words, stating that the proposed tariffs could cause major problems for American car
CATL, the world's leading maker of electric vehicle (EV) batteries, is making a bold move. They're planning to list on the Hong Kong stock exchange. This isn't their first time at the rodeo, though. They already raised a whopping $6. 7 billion in an IPO on China’s Shenzhen exchange back in 2022. Thi
CVS Health Corporation recently shared its financial performance for the final quarter and the entire year of 2024. The earnings per share (EPS) for the fourth quarter, following Generally Accepted Accounting Principles (GAAP), dropped to $1. 30 from $1. 58 the previous year. This decrease was mainl
Restaurant Brands International (RBI) just dropped some numbers for their latest quarter. They saw a 2. 5% increase in same-store sales. This boost came from Burger King and Popeyes doing better than expected. Let's break it down. RBI's earnings per share were 81 cents, which is a bit more than the
Spirit Airlines has once again turned down a takeover offer from Frontier Group. This time, the offer was worth around $2. 16 billion. The airline said the offer was not as good for its shareholders as its current plan to reorganize. Frontier's offer was similar to one made earlier. It incl
First let's talk some background. During the start of the pandemic, getting a COVID-19 test required a doctor's okay. So, Walgreens teamed up with a virtual care company, PWNHealth, to handle test orders. They set up a system where PWN's doctors could order tests for Walgreens customers. Everything
The abrupt halt to the U. S. Agency for International Development's (USAID) operations has left both large and small businesses in the United States facing a serious cash crunch. The freeze on foreign aid has left critical contracts incomplete and unpaid. This halt has led to massive job cuts, wit
