Business

With the return of football, sports betting is expected to reach new heights this NFL season. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion, representing a substantial increase of over 30% compared to last year. Despite the growing popularity and legalization of sports betting in numerous states,
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Steph Curry, the 10-time NBA All-Star and four-time NBA Champion, is already thinking ahead to life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his plans for the future, including his various business ventures and potential goals for after he hangs up his basketball sneakers. At 36 years old,
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Ulta Beauty faced a setback in its second-quarter performance, causing its shares to fall by 7% in extended trading. The company fell short of expectations and trimmed its full-year guidance due to a decline in same-store sales during the most recent period. This marks Ulta’s first earnings per share miss since May 2020 and its
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The restaurant industry has been hit hard by bankruptcy filings, with at least 10 notable restaurant chains filing for bankruptcy in 2024. This surge in bankruptcies reflects broader trends across various sectors. Some of the factors contributing to these bankruptcies include decreased consumer spending, rising labor costs, and the disappearance of government assistance that was
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In recent years, the landscape of cannabis consumption has undergone a significant shift, particularly in New York City. The emergence of luxury dispensaries on Fifth Avenue represents a new era where shoppers can indulge in high-end marijuana products alongside renowned fashion and jewelry brands. This development comes in the wake of New York state’s legalization
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The airline industry, which was once characterized by a frenzy of new jet orders, is now facing a stark reality as cash-strapped, low-cost, and deep discounter airlines are putting the brakes on spending billions of dollars on new aircraft. These airlines are prioritizing saving money as they strive to return to profitability and confront the
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In a recent development, the Food and Drug Administration has given emergency use authorization to Novavax’s updated protein-based Covid vaccine for individuals aged 12 and above. This approval opens up the competition for Novavax’s shot against the well-established Pfizer and Moderna vaccines during the upcoming fall and winter seasons. Novavax’s vaccine specifically targets the omicron
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In a year marked by an inflation-fueled sales slump in the toy industry, Lego stands out as a shining example of success. CEO Niels Christiansen revealed that the company’s revenue jumped by an impressive 13% in the first six months of 2024, reaching 31 billion Danish krone (about $4.65 billion). This growth is attributed to
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