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
Business
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,
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
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
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
In the upcoming National Basketball Association season, fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting news on how they will be able to watch their local games. Both teams are departing from their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing. With the NBA
The bid from Edgar Bronfman Jr. for a controlling stake in Paramount Global has the potential to impact the future of the company significantly. The offer, if successful, could involve Shari Redstone, the current non-executive chairman at Paramount, remaining involved with the company. Bronfman’s consortium has raised $6 billion to challenge Skydance Media for ownership
In a surprising turn of events, Cava has announced that it is raising its full-year outlook after reporting strong traffic at its restaurants. The Mediterranean restaurant chain’s quarterly earnings and revenue exceeded expectations, leading to a 7% increase in its stock price during extended trading. This remarkable performance has contributed to a more than doubling
Boeing’s Starliner capsule will be returning from the International Space Station (ISS) without the NASA astronauts it delivered in early June, as announced by the agency. This unexpected decision marks a significant shift in plans, with NASA astronauts Butch Wilmore and Suni Williams now set to return via SpaceX’s Dragon spacecraft. The upcoming mission is
In a much-needed move to curb the rising cases of Covid-19 in the United States, the Biden administration announced its plan to resume offering free at-home Covid-19 tests to American households starting in late September. This initiative comes at a time when the virus has gained a stronger foothold in the U.S. during the summer