In a shocking revelation, Party City has declared its intention to close all stores and lay off corporate employees effective immediately. This decision echoes the dire financial situation that has plagued the company for a significant period. CEO Barry Litwin conveyed this heart-wrenching news to employees in a meeting, highlighting the urgency of a “wind-down
Business
In recent years, pickleball has transitioned from a recreational activity into a professional sport that is capturing the attention of athletes and fans alike. The Professional Pickleball Association (PPA) recently announced impressive growth statistics, revealing that the sport is witnessing an upsurge in player earnings, audience attendance, and overall interest. With average salaries for female
As we navigate through 2025, the U.S. automotive market appears poised for a significant upswing, with new vehicle sales projected to reach levels not seen since pre-pandemic times. Analysts from Cox Automotive predict an increase in sales to approximately 16.3 million light-duty vehicles, which is an encouraging rise from the expected figures for 2024 that
In a significant development within the food delivery sector, Grubhub has agreed to a settlement amounting to $25 million in response to a lawsuit brought by the Federal Trade Commission (FTC) and the Illinois Attorney General, Kwame Raoul. The lawsuit primarily focused on allegations that Grubhub engaged in a series of deceptive practices that adversely
The emergence of the Unrivaled basketball league marks a significant milestone in women’s professional sports. With a recent Series A funding round totaling $28 million, Unrivaled has successfully positioned itself as a promising contender in the realm of competitive women’s athletics. President Alex Bazzell underscored the league’s potential, claiming that with a strong foundation of
Navigating the post-pandemic world of air travel has revealed a significant shift in consumer preferences regarding seating options. As more travelers look for comfort and space, airlines have adapted to meet these new expectations by rethinking their seating arrangements and upgrade strategies. No longer are the cheap seats the only attractive option for passengers; the
The recent passing of Brian Thompson, the CEO of UnitedHealthcare, has sent shockwaves through the healthcare industry, particularly given the circumstances surrounding his death. Andrew Witty, CEO of UnitedHealth Group, expressed his grief over Thompson’s loss, highlighting the void in leadership at a time when the organization—and indeed, the American healthcare system—requires strong and visionary
The financial landscape in the United States is undergoing a significant transformation, particularly with regard to how banks handle overdraft fees. On a recent Thursday, the Consumer Financial Protection Bureau (CFPB) unveiled a pivotal rule aimed at curtailing the exorbitant charges banks impose on consumers for overdrafts. This regulation is projected to save American consumers
As we approach the year 2025, the sentiment among U.S. car dealers appears to be undergoing a transformation, primarily marked by a sense of “renewed optimism.” This change is attributed not only to the anticipated leadership of President-elect Donald Trump but also to favorable conditions such as decreasing interest rates and ongoing sales incentives from
The newly established Unrivaled league is set to transform the landscape of women’s basketball in the United States, positioning itself as a platform for the elite female athletes of the sport. With the announcement of a multi-year partnership with Under Armour, Unrivaled is not only securing a strong operational backbone but is also signaling a