McDonald's and Krispy Kreme are calling it quits. The two big names in fast food and sweets teamed up last year, but it didn't work out like they hoped. Krispy Kreme donuts were sold at over 2, 400 McDonald's spots, but the numbers weren't adding up for both sides. McDonald's says they were selling the donuts, but Krispy Kreme wasn't making enough money. The plan wa...
In China, older adults are increasingly falling prey to online health scams. These scams are causing serious financial damage. This is a big deal. It's important to understand why this is happening and how to stop it. To do this, researchers are using a theory called Routine Activity Theory (RAT). This theory helps explain why certain people become victims of crime. ...
Burberry, the famous British fashion brand known for its iconic check pattern, is making significant changes. The company plans to cut around 1, 700 jobs by 2027. This move is part of a broader strategy to reduce costs. The news came out on a Wednesday, when the company also reported a £66 million loss for the previous financial year. The job cuts will affect nearly ...
The Dallas Mavericks are in for a rough financial ride this season. The trade of their star player, Luka Doncic, has left a massive hole in their revenue. Fans are furious, and it's showing in more ways than one. The decision to trade Doncic has sparked a wave of discontent among Mavericks supporters. The American Airlines Arena has seen fewer faces in the stands, a...
Scammers are having a field day. In 2024, the U. S. Federal Trade Commission (FTC) received 2. 6 million reports of fraud. The total losses? A staggering $12. 5 billion. This is a huge increase from the $2. 5 billion lost in 2023. The most common way people lost money was through social media. Scammers are impersonating romantic interests, family members, government ...
In a shocking turn of events, a crypto exchange was hit with a massive theft of almost $1. 5 billion in Ethereum and staked Ethereum. This hack, which targeted an offline wallet, is considered the largest crypto theft in history. The hacker managed to manipulate a planned transfer, redirecting the funds to an unknown address. This incident raises questions about the ...
Bybit, a big player in the world of cryptocurrency exchanges, just got hit hard. Hackers made off with a staggering $1. 5 billion in digital assets, making it the biggest crypto heist ever recorded. The attack didn't just happen anywhere; it targeted Bybit's cold wallet, which is supposed to be super secure because it's offline. The stolen funds, mostly in e...
Orsted, a major player in the offshore wind industry, just took a big financial hit. The Danish company reported a $1. 7 billion impairment, thanks to rising costs of building wind farms in the US. This news comes at a time when President Trump is putting a stop to new offshore wind projects, making the future of the industry uncertain. It’s not the first time Orsted...
Jennifer Rubin, a well-known columnist at The Washington Post, has decided to leave the newspaper. She's joining a new startup, but not without some harsh words for the paper's owner, Jeff Bezos. Rubin feels that big media owners like Bezos have let down their readers by trying to play nice with politicians, which isn't what journalism should be about. The Washingto...
Japanese car maker Nissan has given its management team a big shakeup. Jeremie Papin, who was in charge of Nissan's U. S. operations, is now the new chief financial officer. This change comes after Nissan had a tough quarter, losing money and seeing sales drop. Papin has a lot of experience, which Nissan hopes will help turn things around. Stephen Ma, who was the ch...