As Macy’s makes plans to close around 150 stores, competing retailers are seeing an opportunity for growth in the market. Retail giants like Target and Kohl’s have expressed optimism about the potential increase in sales as a result of Macy’s store closures. In addition, off-price chains like T.J. Maxx, Ross, and Nordstrom could also benefit
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United Airlines is currently facing a pilot shortage due to production problems and safety issues at Boeing. The airline has asked pilots to take unpaid time off next month as a result of late-arriving aircraft from the manufacturer. This request comes after United has experienced a reduction in forecast block hours for 2024, which is
Toyota Motor is currently considering expanding its U.S. truck lineup to potentially include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. The decision comes as the automaker evaluates customer demand and responds to stricter federal emissions and fuel economy regulations. Jack Hollis, executive vice president of Toyota Motor North America,
The manufacturing cost of the blockbuster diabetes drug Ozempic has been a topic of discussion recently, with a study suggesting that it could be produced for less than $5 a month, even though Novo Nordisk charges close to $1,000 per month for the injection in the U.S. This stark difference in cost has raised eyebrows
McDonald’s has recently announced a major partnership with Krispy Kreme, which will see the popular doughnuts sold at McDonald’s restaurants nationwide by the end of 2026. This is a significant move for both chains, as it opens up new distribution channels and opportunities for growth. The rollout of Krispy Kreme doughnuts at McDonald’s locations will
Boeing CEO Dave Calhoun’s announcement of stepping down at the end of 2024 marks a significant shift in leadership for the embattled aerospace giant. Along with Calhoun, Larry Kellner, the chairman of the board, will also be resigning and not standing for reelection at Boeing’s upcoming annual meeting in May. This management shake-up comes at
The United States has quickly surpassed China to become the world’s leading hub for millionaires and billionaires, according to the latest report. There are now over 5.5 million Americans with liquid investible assets exceeding $1 million, representing a 62% increase over the past decade. This growth far outpaces the global average of 38%, as stated
For over four decades, ESPN has dominated the sports broadcasting industry by steadily increasing its revenue through cable subscription fees. Initially charging less than $1 per month per subscriber in the 1980s, the network’s monthly carriage fee climbed to $9.42 per subscriber by 2023. However, with the rise of cord-cutting in recent years, where millions
Sotheby’s, the renowned auction house, has recently announced its inaugural “Sports Week” in response to the rising demand for sports memorabilia and aims to attract a younger audience. This new venture includes six live and online auctions featuring items from some of the biggest names in sports. The auctions are set to commence on April
Artificial intelligence is revolutionizing the housing industry, particularly in the field of architecture. ICON, a pioneer in 3D-printed housing developments, has introduced Vitruvius, an AI program designed to assist consumers in designing custom homes online. This innovative technology aims to streamline the design process, making it more affordable and efficient for users. According to Jason