Business

With the upcoming Summer Olympics in Paris, set to kick off on July 26, sportsbooks and daily fantasy operators are bracing for a potential increase in betting activity. This particular event holds significance as it will be the first Olympics since the widespread legalization of gambling in the United States. The gaming industry sees this

As NASA astronauts continue their extended stay at the International Space Station on Boeing’s Starliner spacecraft named “Calypso,” the agency’s leadership is considering potential alternatives for returning the crew to Earth. While Starliner remains the primary option for bringing back the astronauts, there are discussions about contingency plans involving SpaceX’s Crew Dragon. The recent testing

Costco recently announced that it will be raising its membership fees for both the U.S. and Canada starting September 1st. The increase will affect both regular and executive members, with annual fees going up by $5. This decision comes after Costco’s last rate hike in June 2017, making it the first increase in almost five

The Federal Trade Commission (FTC) is taking aim at three major U.S. health companies for their practices as middlemen in negotiating prices for medications like insulin. The agency alleges that these companies are contributing to inflated costs for patients, prompting legal action to be taken. This move is part of a larger effort to address

Walmart announced its plan to open five automated distribution centers for fresh food in an effort to improve efficiency within its supply chain. These new facilities, spanning approximately 700,000 square feet each, utilize automation to store and retrieve perishable items such as fresh strawberries and frozen chicken nuggets. The implementation of automated processes reflects the

Athletic Brewing Company’s recent announcement of raising an additional $50 million in equity financing has caught the attention of the beverage industry. Led by General Atlantic, this funding round is expected to propel the company into its next phase of growth by increasing production capacity and expanding offerings in global retailers. The demand for nonalcoholic

Boeing recently decided to plead guilty to criminal fraud in connection to the tragic 737 Max crashes. This plea deal has led to the U.S. aerospace giant being labeled as a felon, tarnishing its reputation in the industry. While the plea deal would entail a fine of up to $487.2 million, the Justice Department has

The recent agreement between Paramount Global and Skydance marks a significant milestone in the entertainment industry, culminating in the Redstone family relinquishing control of the iconic movie studio and media company. The merger, which involved intricate negotiations and unforeseen obstacles, signifies a new era for Paramount and its affiliated entities. Paramount’s special committee, after careful

The current state of the U.S. airline industry presents a paradox – even with record summer air travel demand, airlines are struggling to turn that into record profits. Despite some carriers predicting record demand and revenue, higher labor and other operational costs are eating away at their bottom lines. With the slowdown in demand growth

The semiconductor industry is currently experiencing difficulties in recruiting workers due to the increasingly competitive talent landscape, fueled by funding from initiatives such as the CHIPS and Science Act. According to a 2023 study from the Semiconductor Industry Association, the U.S. chips industry is projected to face a shortage of 67,000 technicians, computer scientists, and