Business

The iconic denim brand True Religion is entering a new phase following its acquisition by private equity firm Acon Investments and SB360 Capital Partners, a retail investment outfit associated with American Eagle’s CEO Jay Schottenstein. This transformative partnership marks a pivotal moment for True Religion, a brand that has been navigating the complexities of the

In a bid to rejuvenate its Ram brand, Stellantis has unveiled redesigned versions of its Ram heavy-duty trucks. These updates come as a response to the brand’s troubling sales trajectory, with a significant downturn witnessed over the past three years. The latest Ram 2500 and 3500 models, alongside new chassis cab variants, are being introduced

In a groundbreaking move that signals significant changes in the streaming landscape, Disney announced on Monday that it will merge its Hulu+ Live TV service with Fubo, the popular internet TV provider. This merger positions Disney as the majority stakeholder of the newly formed entity, acquiring a robust 70% ownership stake, while Fubo’s current shareholders

In a world dominated by digital platforms, Comcast is set to redefine the advertising landscape with the introduction of its new platform, Universal Ads. As digital advertising continues to grow at an exponential rate, small and medium-sized businesses often find themselves overshadowed by the marketing budgets of tech giants. With the release of Universal Ads,

The U.S. automotive market has been experiencing a phase of rebirth as General Motors (GM) and Ford Motor Company celebrate their most impressive annual sales figures since 2019. This resurgence marks a significant turnaround following the disruptive effects of the coronavirus pandemic and the challenging supply chain issues that have plagued the industry over the

In a landmark decision, the Department of Transportation (DOT) has imposed a $2 million penalty on JetBlue Airways for its “chronically delayed flights,” marking the first time such a fine has been levied. This unprecedented step signals a shift in how regulatory bodies are addressing tardiness in the airline industry, setting a cautionary precedent for

In an attempt to redefine the sports betting landscape, DraftKings has launched a new subscription service known as DraftKings Sportsbook+. This pioneering initiative provides customers with enhanced value and elevated odds on their bets, marking a significant evolution in how sportsbooks might engage with their patrons. The subscription, priced at $20 per month, debuted quietly

In a recent advisory from the U.S. Surgeon General, a stark warning was issued regarding the undeniable connection between alcohol consumption and cancer. Dr. Vivek Murthy highlighted that numerous studies have established a significant relationship between drinking and at least seven types of cancer, including breast, liver, and esophageal cancers. As our understanding of health

In recent financial news, Hindenburg Research, a prominent short-seller, has raised serious concerns about the online used-car retailer Carvana. The firm’s report, labeled “Carvana: A Father-Son Accounting Grift For The Ages,” posits that Carvana’s reported turnaround is illusory, relying on precarious loan practices and accounting discrepancies. With Carvana’s stock experiencing a striking 400% rise in

As we navigate through 2024, the demand for air travel has experienced a remarkable resurgence, largely propelled by a revival in international flights. A recent report from the International Air Transport Association (IATA) highlights that from January to October, worldwide revenue-passenger miles surged by nearly 11% compared to the previous year. This increase suggests that