Forever 21 has less and less time to turn its fortunes around as it grapples with a series of financial setbacks. The beloved fast fashion retailer is reportedly in discussions with liquidators, indicating that all is not well within its business structure. These negotiations signify a growing urgency as the company contemplates a second filing
Business
Nikola Corp., once a beacon of innovation and promise in the electric vehicle (EV) sector, has reached a critical juncture by filing for Chapter 11 bankruptcy protection. This decision follows the company’s inability to find a suitable buyer or secure necessary funding, prompting an auction and asset sale plan pending court approval. As Nikola ventures
The landscape of single-family home construction is experiencing a worrying downturn, with sentiment among builders reaching a five-month low in February. This trend illuminates critical issues in the housing market that could have far-reaching implications for both the industry and prospective homebuyers. One of the most pressing concerns is the impact of tariffs on construction
Moderna, once a poster child for biotech innovation during the pandemic, is now facing significant financial setbacks as it transitions from a Covid-19-centric model to a more diverse product portfolio. After recently reporting its fourth-quarter results, the company finds itself grappling with a substantial net loss, alongside a notable decrease in sales from its flagship
The act of attending a movie has long evoked a sense of nostalgia, encapsulated by the aroma of buttery popcorn and the thrill of the latest cinematic spectacle. However, an unexpected element has now emerged as a central piece of this beloved experience—the popcorn bucket itself. Once considered nothing more than a vehicle for a
As the larger narrative for 2025 unfolds, the restaurant industry finds itself grappling with several unfavorable conditions that have hindered its performance. The year began under challenging circumstances, including inclement weather with freezing temperatures and wildfires. These factors disrupted operations and instilled a sense of caution among consumers, leading to decreased restaurant traffic and sales
Roku, a prominent player in the streaming services market, witnessed a significant surge in its stock prices, soaring over 10% on Friday. This impressive climb coincided with the release of the company’s quarterly earnings, which outperformed Wall Street’s forecasts. CEO Anthony Wood elaborated on the triumph during a segment on CNBC’s “Squawk Box,” revealing that
As the specter of increased tariffs looms over the United States, particularly during the Trump administration’s latest economic maneuvers, the automotive industry stands at a critical crossroads. The proposed tariffs primarily aim at international trading partners, with South Korea and Japan poised to bear the brunt of these potential tax increases. This indirect assault on
The pharmaceutical landscape in the United States is increasingly complex, with various stakeholders vying for their interests while navigating the critical issue of prescription drug pricing. Recent comments by David Joyner, CEO of CVS Health, during a fourth-quarter earnings call shed light on the contentious nature of pharmacy benefit managers (PBMs) and their role in
Coca-Cola recently released its quarterly earnings report, showcasing impressive results that surpassed market forecasts. With increasing global demand for beverages, the company has emerged stronger than analysts predicted. For the quarter ending December 31st, Coca-Cola reported earnings per share (EPS) of 55 cents, an adjustment from the anticipated 52 cents, demonstrating the company’s robust financial