Molson Coors recently made headlines with its decision to reverse its diversity, equity, and inclusion policies. The company announced that it will be eliminating supplier diversity quotas, citing external factors beyond its control as a reason for the change. This shift in strategy is significant as it marks a departure from the company’s previous initiatives
Business
Steph Curry, the four-time NBA champion, is already looking towards his future beyond the basketball court. In a recent interview with CNBC’s “Squawk on the Street,” the 10-time NBA All-Star discussed his plans for the rest of his basketball career, as well as his various business ventures and goals for after his playing days come
Airlines in the industry that were once eager to expand their fleets with new aircraft are now facing the reality of cash constraints and the need for saving money to return to profitability. Low-cost and deep-discounter carriers are particularly feeling the pressure as they try to navigate the impacts of engine repairs and the overall
The landscape of cannabis consumption is undergoing a significant shift, and this change is evident with the emergence of high-end cannabis dispensary stores on Fifth Avenue in New York City. While this iconic area is known for its upscale retailers like Cartier and Saks, it now also offers a unique shopping experience that includes purchasing
The Food and Drug Administration has recently given the green light to Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This approval opens the doors for Novavax’s vaccine to join the competition with Pfizer and Moderna’s vaccines during the upcoming fall and winter seasons. Novavax’s vaccine is specifically designed
American Eagle has once again fallen short of Wall Street’s sales targets for the second consecutive quarter. Despite this disappointing news, the company reported a significant increase in profit of nearly 60%, largely attributed to lower product costs. The market responded negatively to this news, with the company’s shares dropping more than 8% in early
Despite an inflation-fueled sales slump that hit the toy industry in the first half of 2024, Lego managed to outperform its competitors, with revenue jumping 13% in the first six months of the year. Niels Christiansen, CEO of the Danish toymaker, attributed this success to the strength of Lego Icons, Lego Creator, and the partnership
The world has seen a significant increase in the number of crypto millionaires over the past year, with a staggering 95% growth in individuals holding more than $1 million in crypto assets. According to a report from New World Wealth and Henley & Partners, the number of pure bitcoin millionaires has more than doubled to
Dallas Mavericks and New Orleans Pelicans fans are eagerly awaiting updates on how they will be able to watch their favorite teams’ local games in the upcoming NBA season. Both teams are making a significant transition by moving away from their regional sports networks owned by Diamond Sports. This shift was detailed in a recent
Restaurants across the United States have increasingly turned to the use of surcharges and fees to cover costs such as credit card processing, gratuities, and “inflation.” This practice has become more prevalent in recent years, with 15% of restaurant owners adding surcharges or fees to checks due to higher costs. In fact, 3.7% of restaurant
The Biden administration has announced plans to resume providing free at-home Covid-19 tests to American households towards the end of September. This decision comes as the virus has made a resurgence in the United States during the summer months. With Covid cases on the rise, the administration is taking proactive measures to ensure the safety
The future of Paramount Global hangs in the balance as a new player enters the scene. Edgar Bronfman Jr. has thrown his hat into the ring with a competing offer that has set tongues wagging. Initially offering $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount, Bronfman has now upped the ante
Ford Motors recently announced a major shift in its electric vehicle strategy, opting to delay production of a next-generation all-electric pickup truck in Tennessee and cancel plans for a three-row electric SUV. Instead, the company will prioritize the development of hybrid models and electric commercial vehicles, such as a new electric commercial van in 2026,
Alaska Airlines has successfully cleared the U.S. Justice Department’s investigation after announcing their $1.9 billion agreement to acquire Hawaiian Airlines. This marks a significant milestone in the merger process as antitrust regulators did not file a lawsuit to block the deal. The next step for the airlines is to secure approval from the U.S. Transportation