In a shocking announcement that sent tremors through the auto industry, President Donald Trump declared a 25% tariff on cars not manufactured in the United States. As the market reacted to this significant policy shift, General Motors (GM) felt the sharpest sting, with its stock plummeting more than 6% in mid-morning trading. In stark contrast,
Business
The world of sports drinks is as competitive as it gets, marshaled predominantly by a few well-heeled giants like Gatorade and Powerade. Despite the stockpiles of brand loyalty and marketing muscle held by these giants, Stephen Curry and former First Lady Michelle Obama are diving into this crowded battlefield with a refreshing take. Their new
The recent confirmation of Bill Pulte as the director of the Federal Housing Finance Agency (FHFA) opens up a new era for the management of mortgage giants Fannie Mae and Freddie Mac. Pulte’s firm stance against lowering the conforming loan limit—currently pegged at an impressive $806,500—has sparked a myriad of reactions within the housing market
United Airlines is diving into contentious new territory by raising fees for its annual airport lounge memberships and co-branded credit cards with JPMorgan Chase. This decision isn’t just a minor setback for travelers; it exemplifies the airline’s ongoing strategy to monetize every aspect of air travel. The cost increases are aimed at addressing the growing
Fast-food chains have long relied on the allure of burgers and fries, but a seismic shift has emerged—the beverage battleground. In an attempt to woo the younger demographic that thrives on novelty, fast-food giants are redefining their beverage offerings. Chains like Chick-fil-A have surprised customers with seasonal delights like Pineapple Dragonfruit drinks, while Taco Bell’s
The recent opening of Printemps’ first U.S. store in New York City isn’t just another addition to the endless line of luxury retailers lining the streets; it marks a distinctive cultural exchange and a bold maneuver in the retail landscape. Nestled in the Financial District, this 55,000-square-foot store is a kaleidoscope of luxury and design,
In an increasingly volatile economic landscape, the imposition of tariffs can send shockwaves through various sectors—none more so than the construction industry. Recent data indicates that building contractors are preemptively raising prices by as much as 20% to guard against anticipated tariffs, notably a 25% levy on essential materials from Canada and Mexico. As if
The acquisition of the Boston Celtics by a private equity group led by Bill Chisholm marks a monumental moment in sports history, given that the franchise sold for an astounding $6.1 billion. This valuation isn’t just a record-setting price in the NBA but across all U.S. sports, beating the $6.05 billion paid for the NFL’s
The recent saga of the Boeing Starliner spacecraft unravels like a tragicomic play—a combination of ambition and incompetence playing out in the cosmic theater. NASA astronauts Butch Wilmore and Suni Williams, who embarked on what was supposed to be a brief journey to the International Space Station (ISS), found themselves entangled in a narrative that
In a tragic twist for the retail world, Forever 21 has declared bankruptcy for the second time in just six years, marking the end of an era for a brand that once epitomized fast fashion in the United States. The bankruptcy filing is not just a somber note for the thousands employed by the company;