2024 wasn't a great year for many restaurant chains. With consumers cutting back on dining out due to inflation, sales took a hit. This led to some big names shutting down underperforming locations. Wendy's, for instance, closed 140 restaurants by the end of the year. Their CEO, Kirk Tanner, said th
In a surprising turn of events, Do Kwon, the co-founder of Terraform Labs, was sent to the US on the last day of 2024. He's been accused of a massive crypto fraud, losing investors billions. The story began in May 2022 when TerraUSD and Luna, the stablecoins from his company, collapsed. This caused
If you've ever wondered how Hollywood transforms book material into blockbusters, look no further than Ben Affleck's crime thriller, "The Town. " Set in Boston, this film tells the story of a bank robber named Doug MacRay who falls for a bank teller after a heist. But did you know the second robbery
In 2024, shoppers and diners in the U. S. were more careful with their money. High housing and food prices made people choosy about where they spent. Wealthy folks, for instance, started shopping at stores like Walmart and Aldi instead of pricier places. Eating out? People opted for fast food or coo
Big Lots, a well-known retail chain, is shaking things up after filing for bankruptcy last September. They're selling their stores and distribution centers to save jobs and keep their brand alive. The buyers? Gordon Brothers Retail Partners, who'll pass on Big Lots' assets to companies like Variety
2024 was a wild ride for U. S. airlines. Just five days into the year, a door panel fell off a Boeing 737 Max operated by Alaska Airlines, causing delays and raising safety concerns. Two weeks later, a federal judge blocked JetBlue's plan to buy Spirit Airlines, leaving Spirit to face its own challe
It's been quite a stir in the world of delivery services. The Consumer Financial Protection Bureau (CFPB) has slammed Walmart and the fintech company Branch Messenger with a lawsuit. The accusation? Forcing over a million delivery drivers to use pricey deposit accounts to get their paychecks without
We've all heard about big-name stores struggling, and now, The Container Store is the latest to face challenges. The 46-year-old retailer filed for bankruptcy to improve its financials, kickstart growth, and boost long-term profits. It owes around $230 million but has only $11. 8 million in cash. Fo
For decades, Party City has been the go-to place for party supplies, from Halloween costumes to birthday favors. But recently, the retailer announced it's shutting down nearly 700 stores nationwide. The company filed for Chapter 11 bankruptcy for the second time in two years, blaming tough economic
The Consumer Financial Protection Bureau (CFPB) recently filed a lawsuit against some of the United States’ biggest banks. These include JPMorgan Chase, Bank of America, and Wells Fargo, along with the operator of Zelle—a popular peer-to-peer payment system. The CFPB claims that for the past seven y
