Business

With the return of football, the sports betting industry is gearing up for a record-breaking season. Projections from the American Gaming Association indicate that U.S. adults are expected to wager a staggering $35 billion on the NFL this season. This marks a significant increase of over 30% from the previous season’s total of $26.7 billion.
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The surge in restaurant bankruptcy filings in 2024 has brought to light the underlying economic challenges faced by the industry. As diners pull back their spending, labor costs continue to rise, and government assistance from the Covid-era dwindles, many restaurants are struggling to stay afloat. The increasing financial strain on these establishments is evident, with
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In recent years, the landscape of cannabis consumption in New York City has experienced a significant shift towards luxury retail. The legalization of adult-use marijuana in the state has paved the way for a new wave of upscale dispensaries targeting high-end consumers. Striding down Fifth Avenue, shoppers can now browse through high-end fashion stores like
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The airline industry has faced significant challenges over the past year due to the impact of the pandemic. Airlines that were once clamoring for new jets are now changing their tune as they struggle to return to steady profitability. The industry has been flooded with flights, particularly in the domestic market, where low-cost carriers concentrate,
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The Food and Drug Administration recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and over. This approval sets the stage for Novavax’s vaccine to compete with the well-known Pfizer and Moderna vaccines during the upcoming fall and winter months. Novavax’s vaccine is specifically designed to target the highly contagious
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General Motors recently made the decision to integrate its all-electric BrightDrop commercial vans into the Chevrolet brand, aiming to enhance sales, accessibility, and recognition of these vehicles. By incorporating BrightDrop vans into Chevrolet’s vast network of North American dealers, which includes over 500 commercial-focused stores in the U.S., GM is looking to leverage the strength
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The toy industry faced an inflation-fueled sales slump in the first half of 2024, with many companies struggling to maintain their market share. However, amidst this challenging environment, Lego emerged as a standout performer. The Danish toymaker reported a remarkable 13% increase in revenue during the first six months of the year, reaching 31 billion
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