Dollar General, a prominent retailer with over 19,000 stores nationwide, has recently come under fire for its repeated violations of workplace safety regulations. The U.S. Department of Labor announced a settlement requiring Dollar General to pay $12 million in penalties due to safety infractions, adding to the more than $21 million in fines it has
Business
The nightmare of frozen fintech accounts that have left thousands of Americans stranded may finally be coming to an end. After two months of uncertainty, there seems to be a glimmer of hope on the horizon for those affected. Banks caught up in the chaos caused by the collapse of fintech intermediary Synapse have reportedly
The Federal Trade Commission is gearing up to file lawsuits against three major U.S. health companies for their practices as middlemen in negotiating medication prices. The companies in question include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. These companies are connected to health insurers and are accused of inflating costs for
Athletic Brewing Company, a leading nonalcoholic brewer, made headlines recently with the announcement of raising an additional $50 million in equity financing. This funding round was led by General Atlantic, with the potential for even greater investment in the future. The company’s CEO and founder, Bill Shufelt, expressed enthusiasm about the partnership with General Atlantic
Paramount Global, in a groundbreaking move, has agreed to merge with Skydance, marking the beginning of a new chapter in the entertainment world. This agreement comes after a series of intricate negotiations and unexpected developments, culminating in the Redstone family relinquishing control of the iconic movie studio and media company. The merger, approved by Paramount’s
The semiconductor industry is currently facing a critical shortage of skilled workers, with projections indicating a potential shortfall of as much as one million workers by 2030. This shortage is particularly evident in the U.S. chips industry, where an estimated 67,000 technicians, computer scientists, and engineers are expected to be in high demand. The rapidly
Private equity is no longer just a side player in women’s soccer but is taking center stage in shaping the economics of the National Women’s Soccer League (NWSL). Unlike other major U.S. sports leagues like the NBA, MLB, and NFL, where private equity investors are limited to passive, minority stakes, the NWSL is allowing these
Ford reported a 1% increase in sales during the second quarter compared to the same period last year. The growth was primarily driven by a 5% increase in truck sales, with a total of 308,920 vehicles sold in this category. The F-Series, which is a popular choice among consumers, accounted for 199,463 of these sales.
The Manhattan real estate market is experiencing a shift towards becoming a buyer’s market, with falling apartment prices and an increase in inventory. According to recent reports, the average sales price in Manhattan has dropped by 3%, settling just above $2 million. The median price has also seen a decrease of 2%, now at $1.2
The recent announcement by the ownership group of the Boston Celtics regarding their decision to sell the team has sent shockwaves throughout the National Basketball Association. The Celtics, who were crowned the 2024 NBA champions, are now up for grabs as the controlling family of Boston Basketball Partners LLC looks to divest its shares for