The Covid-19 pandemic has laid bare the vulnerabilities and resilience of the American economy, with child care emerging as a critical issue as day care centers closed down, schools shifted to remote learning, and parents struggled to balance work and childcare responsibilities. Despite a post-pandemic rebound in child care employment, the sector continues to face
Business
The recent financial meltdown caused by the $85 million shortfall in Synapse’s partner banks has sent shockwaves through the fintech sector in the United States. This article will delve into the details of the missing funds and examine the implications for the more than 100,000 customers affected by this crisis. The discrepancy between what partner
Rivian Automotive announced the redesign of its all-electric R1 pickup and SUV models to enhance range, performance, and computing power with the assistance of Nvidia chips. Even though the outward appearance of the 2025 model-year vehicles remains largely unchanged from the current models, Rivian has made significant improvements under the hood. The company disclosed that
In an effort to address the high demand for skilled labor across various roles within the company, Walmart recently announced the introduction of new training programs and certifications. These programs are designed to upskill and prepare employees for roles such as HVAC technicians, opticians, and software engineers. By enhancing the skill set of its workforce,
Warner Bros. Discovery’s Max recently announced price increases for its ad-free options. This move comes amidst a trend of various streaming services making their memberships more expensive. Max currently offers three pricing options: with ads, ad-free, and ultimate ad-free. The price of the ad-free option will increase by $1 per month to $16.99, while the
The merger between Paramount and Skydance has been a topic of discussion recently, with CNBC’s David Faber reporting that the two entertainment giants have finally agreed on the terms of the deal. The proposed merger, involving David Ellison’s Skydance along with private equity firms RedBird Capital and KKR, is said to be on the verge
When Adam Moelis set out to co-found Yotta, a fintech startup aimed at revolutionizing the way Americans save money, he had noble intentions. However, the unfolding crisis that began on May 11, due to a dispute between Yotta’s banking partners Synapse and Evolve Bank & Trust, has turned the dream into a nightmare for thousands
In a recent decision, the Food and Drug Administration (FDA) approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults ages 60 and above. This approval marks a significant milestone for Moderna, as it is the company’s second-ever product to enter the U.S. market. The approval comes at a crucial time for Moderna, as demand
The National Association of Realtors reported a 7.7% drop in signed sales contracts on existing homes in April compared to March, marking the slowest pace since April 2020. This decline was unexpected, as sales were projected to be flat. The decrease in sales is attributed to the sharp rise in mortgage rates during that period,
American Eagle recently announced its fiscal first-quarter results, showing gains in boosting profitability through improvements in its product assortment and operations. Despite weaker sales than expected, the company reported a 6% increase in revenue year over year, setting a new record for the first quarter. However, shares fell about 5% in extended trading on Wednesday