In a recent case out of California, Michelle Mack, the ringleader of a large-scale retail crime operation, has been sentenced to more than five years in state prison for her involvement in stealing millions of dollars in merchandise from major retailers such as Ulta Beauty and Sephora. Mack, along with her husband Kenneth, orchestrated a
Business
Penn Entertainment has recently announced plans to lay off approximately 100 employees as part of its focus on the growth of ESPN Bet. CEO Jay Snowden explained in an internal email that these changes are intended to enhance operational efficiencies following the company’s acquisition of theScore in 2021. Despite employing about 20,000 people, the company
Ford Motor Company recently announced a significant change in its production strategy by expanding the production of its large Super Duty trucks in a Canadian plant instead of converting it into an all-electric vehicle hub as previously planned. This decision comes as part of a $3 billion investment to enhance Super Duty production, with $2.3
General Motors has announced some major updates to the Cadillac Escalade V-Series for the 2025 model year. These changes are designed to enhance the luxury, performance, and technology of this iconic full-size SUV. One of the most striking features of the 2025 Cadillac Escalade V-Series is the standard 55-inch diagonal display that spans the entire
New Balance made headlines on Tuesday with the announcement of a multiyear deal with the WNBA, solidifying its position as an official partner of the league. This partnership will involve collaboration on broadcast, digital, and retail content, with a focus on featuring Los Angeles Sparks’ rookie forward, Cameron Brink. By joining forces with the WNBA,
Morgan Stanley has reported impressive second-quarter profits and revenue that exceeded analysts’ estimates. The bank’s earnings of $1.82 per share surpassed the expected $1.65 per share by LSEG. Additionally, the revenue of $15.02 billion outperformed the estimated $14.3 billion. The profit of the bank surged by 41% from the previous year to $3.08 billion, or
General Motors is facing challenges in achieving its goal of producing 1 million all-electric vehicles in North America by the end of 2025. CEO Mary Barra’s recent comments have cast doubt on the feasibility of this target, citing slow market development for electric vehicles as a key factor. Despite setting ambitious targets for electric vehicle
Macy’s, a well-known department store, recently announced the termination of negotiations with a group of activists who were looking to take the retailer private for $6.9 billion. The board cited uncertainties around financing and lack of compelling value as the reasons for the failed buyout bid. The activist group, Arkhouse and Brigade, had been trying
SpaceX’s Falcon 9 rocket faced an unexpected setback recently when an inflight failure occurred, resulting in the grounding of the vehicle. The incident took place during the “Starlink Group 9-3” mission, which was launched from California’s Vandenberg Space Force Base with the goal of deploying 20 satellites into low Earth orbit. While the lower first
The upcoming Olympic Games in Paris this summer have resulted in a significant shift in travel patterns, with many potential tourists opting for alternative destinations. According to Delta Air Lines CEO Ed Bastian, the decision to host the Olympics in Paris has led to a $100 million loss in revenue for the airline, as travelers