New York City’s iconic Fifth Avenue, known for its luxury retailers, has now embraced a new addition – cannabis dispensaries. With the legalization of adult-use marijuana in New York state three and a half years ago, licensed cannabis sales have soared, surpassing $100 million in the last year alone. The luxury market is now witnessing
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Amid the ongoing Covid-19 pandemic, the Food and Drug Administration has recently given the green light for Novavax’s updated protein-based vaccine for emergency use in individuals aged 12 and above. This development opens up avenues for Novavax to directly compete with the likes of Pfizer and Moderna in the upcoming fall and winter seasons. Unlike
Best Buy has reported a strong quarter ending August 3, exceeding both earnings and revenue expectations. The company’s net income for the quarter was $291 million, or $1.34 per share, compared to $274 million, or $1.25 per share, in the same period a year earlier. Despite a drop in net sales to $9.29 billion from
The toy industry faced a significant challenge in the first half of 2024 due to inflation, leading to a sales slump. However, amidst this turmoil, Lego stood out as a resilient player, gaining market share with its strategic initiatives. Lego’s revenue soared by 13% in the first six months of the year, amounting to 31
The number of individuals holding more than $1 million in crypto assets has seen a staggering increase of 95% over the past year. According to a report from New World Wealth and Henley & Partners, there are now 172,300 crypto millionaires worldwide, up from 88,200 the previous year. This surge in wealth can be attributed
The Dallas Mavericks and New Orleans Pelicans are gearing up for a shift in how their local games will be broadcast in the upcoming National Basketball Association season. Both teams are parting ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing. This change has left fans
The classic car auction sales during Monterey Car Week experienced a 3% decline from the previous year. This drop can be attributed to a shift in preferences among wealthy collectors, particularly the younger generation of Gen Xers and millennials. These new collectors are showing a preference for cars from the 1980s, 1990s, and 2000s, rather
The future of Paramount Global seems to be hanging in the balance as the drama surrounding its ownership unfolds. The special committee overseeing the merger agreement with Skydance has decided to extend the “go shop” period by 15 days as it reviews a competing offer from Edgar Bronfman Jr. The initial offer from Bronfman was
Ford Motor recently announced that it will be delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee. Instead, the company is canceling plans for a three-row electric SUV and shifting its focus towards the development of hybrid models and electric commercial vehicles. This decision comes as Ford aims to
Alaska Airlines successfully navigated the U.S. Justice Department’s investigation into its acquisition of Hawaiian Airlines, marking a significant milestone in the deal. The two carriers announced a $1.9 billion agreement to merge, making it the largest merger of U.S. carriers since Alaska merged with Virgin America eight years ago. However, the final approval from the