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An increasing number of independent bookstores in China are being shut down, sometimes without any specific reason given. Owners are being forced to move their businesses to other countries to live a free existence.

Spirit Airlines, the largest U.S. budget carrier, announced its bankruptcy filing today after prolonged losses, failed merger attempts, and mounting debt. Despite strong travel demand, the airline, known for its bright yellow livery, faced rising operating costs, straining its budget-friendly model. “Guests can continue to book and fly without interruption and can use all tickets, […]

Elon Musk updated his lawsuit against OpenAI, adding Microsoft as a defendant on Thursday. He says the two have formed a monopoly in the generative AI market.

Ben & Jerry’s has sued its parent company Unilever accusing it of silencing the ice cream maker from making statements in support of Palestinians in the Gaza war. The complaint, filed Wednesday in federal court in New York, says the multinational conglomerate has failed to adhere to its contractural obligations with Ben & Jerry’s by […]

British luxury fashion brand Burberry plans to revamp its business, according to CEO Joshua Schulman on Thursday. The company is focusing on pricing and timeless designs such as the trench coat to pave the road of rebuilding.  

Netflix’s cheaper option of the advertising tier is being chosen by some 70 million of its customers, nearly doubling after six months. The company’s president of advertising explained how it is working on new ad deals with companies in a blog post on Nov. 12.

America’s GDP is 50 percent larger than the entire EU’s GDP, whereas back in 2008 they were roughly the same size. Analysts point to one key difference: the amount of regulation.

Entertainment giant Liberty Media, owner of F1 racing, is being split up—with Liberty Live, partial owner of Live Nation, becoming an independent firm. Current CEO Greg Maffei is stepping down, to be replaced by chairman and media titan John Malone.  

Many prominent New York real estate families have followed the rule of never selling. But amid the current office market downturn, some are. They’ve held on to them through wars and financial crisis, but the new work-from-home trend has proven too much.  

Shareholders have filed a class action lawsuit against fast food company Chipotle for claims of damages due to not adequately handling the past issue of mismatched portion sizes after customer complaints went viral on social media.

The 2024 election showed how the media landscape has changed dramatically over the past 10 years. Podcasts and YouTube channels now have the public’s attention, while traditional media, such as Fox News, MSNBC, and CNN, have seen a drop in prime-time viewership.

Steve Madden, a $3 billion shoe company, plans to reduce imports from China by as much as 45 percent over the next year ahead of President-elect Donald Trump’s pledge to impose sweeping tariffs. CEO Edward Rosenfeld confirmed to shareholders and analysts during a Nov. 7 earnings call that the shoe brand is “planning for a […]

The Federal Reserve followed through on a quarter-point interest rate cut on Nov. 7 as officials continue to loosen the central bank’s tight monetary policy. Following its half-point rate cut at the September Federal Open Market Committee (FOMC) policy meeting, the Fed trimmed the benchmark federal funds rate by a quarter point, bringing it to […]

What’s Amazon’s advantage for staying ahead of Chinese rivals Temu and Shein? Amazon’s Q3 2024 earnings call gave some insight into it.  

Starbucks’s new CEO Brian Niccol says the coffee chain needs the fundamentally change its strategy, after a very disappointing earnings quarter. Niccol says he wants to to change the menu, improve the stores, and bring back sharpies.  

In the final comprehensive snapshot of the national labor market heading into next week’s presidential election, the economy added a much smaller-than-expected number of jobs in October. Last month, there were just 12,000 new jobs, below the consensus estimate of 113,000. This represented the smallest monthly employment gain since December 2020. According to the Bureau […]

Californian voters are considering a controversial vacation home tax in the Lake Tahoe area.  The town is the latest across the United States with a growing debate about the impact of vacation properties.