Carvana, an online platform specializing in the sale of used vehicles, has recently garnered significant attention due to its impressive stock performance in 2023, soaring close to 400%. This leap is attributed to a strategic turnaround led by CEO Ernie Garcia III, aimed at rejuvenating the company’s financial health. However, a shadow looms over this
Business
The restaurant industry faced turbulent times in 2024, with numerous chains grappling with dwindling customer visits and increasing financial strain. For many establishments, this year has been marked by strategic closures and bankruptcies as operators attempted to adapt to the shifting landscape of consumer behavior, a phenomenon exacerbated by inflationary pressures. In the early months
On a fateful day at Muan International Airport, a Jeju Air flight met with a catastrophic accident that resulted in the loss of many lives, leaving only two of the 181 passengers and crew members alive. This incident marks one of the darkest moments in South Korean aviation history and has triggered a nationwide inquiry
The holiday season proved exceptional for Netflix, as the streaming service recorded its highest-ever viewership for NFL games broadcast on Christmas Day. Nielsen reports indicate that approximately 65 million viewers in the U.S. engaged with the two exclusive matchups aired by the platform. The thrilling contest between the Baltimore Ravens and the Houston Texans drew
On a Tuesday morning marked by heightening holiday travel demand, American Airlines faced an unexpected operational setback when a technical issue compelled the airline to temporarily ground all its U.S. flights. Such disruptions, especially during peak travel seasons, can lead to cascading delays and significant inconvenience for passengers eagerly heading home for the holidays. Fortunately,
The Consumer Financial Protection Bureau (CFPB) has recently filed a complaint against retail giant Walmart and the work-scheduling platform Branch Messenger, raising significant concerns regarding their treatment of delivery drivers within Walmart’s Spark Driver Program. This unprecedented legal move sheds light on the precarious financial practices that potentially exploit gig economy workers. With the CFPB
In a significant advancement for sleep medicine, the Food and Drug Administration (FDA) has granted approval for Eli Lilly’s popular weight loss medication, Zepbound, to be used in treating moderate-to-severe obstructive sleep apnea (OSA). This decision, announced on a recent Friday, broadens the therapeutic landscape for this prevalent condition. OSA, characterized by interrupted breathing during
Nike, the emblematic sportswear powerhouse, recently reported its fiscal second-quarter results for 2025, revealing a performance that exceeded the cautious expectations of analysts. Under the helm of newly appointed CEO Elliott Hill, Nike showcased resilience despite the tumultuous landscape of the retail sector. Analysts surveyed by LSEG anticipated earnings per share of 63 cents, but
The world of college athletics has emerged as a powerful economic engine, with schools unmatched in revenue generation that rivals some professional sports teams. This burgeoning financial framework has attracted the attention of private investors eager to tap into what seems like an ever-expanding market. However, a pressing question remains: What precisely is the value
The current real estate landscape presents a fascinating paradox: while fewer homes are available for sale, a staggering number of bedrooms remain unoccupied. The recent findings from Realtor.com indicate that the number of extra bedrooms—defined as those beyond the occupancy needs of the household and often including rooms earmarked for offices—has skyrocketed. In 2023, the