Business

Housing Market Faces 30-Year Low in Sales of Previously Owned Homes The housing market is currently grappling with a significant downturn, as sales of previously owned homes have plummeted to their lowest point in 30 years. In May, the sales volume remained almost unchanged, dipping by a marginal 0.7% from April, with an annualized rate
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Forever 21: A Fast-Fashion Legacy Facing Uncertain Future Forever 21, a once-dominant force in the fast-fashion industry, now finds itself grappling with significant challenges as it navigates a rapidly changing retail landscape. With over 380 stores across the United States, the retailer has been a staple in shopping malls for decades. However, the company’s recent
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Darden Restaurants: Navigating Mixed Quarterly Results and Strategic Challenges Darden Restaurants, Inc., the parent company of popular dining chains such as Olive Garden, LongHorn Steakhouse, and The Capital Grille, recently released their quarterly financial results, offering a snapshot of the company’s performance across its diverse portfolio. While there were areas of notable success, challenges were
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GameStop’s annual shareholder meeting faced major disruptions due to computer problems, with servers crashing under an overwhelming amount of interest in the stream. The meeting was scheduled to start at 11 a.m. ET and was hosted on ComputerShare. However, many participants encountered error messages when trying to access the event, indicating that the page couldn’t
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The Major League Eating organization announced that it will be parting ways with 16-time champion Joey “Jaws” Chestnut before this year’s Nathan’s Famous Fourth of July hot dog eating contest. This decision comes after Chestnut decided to represent a competitor brand that sells plant-based hot dogs, breaking the longstanding relationship he had with MLE. According
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A recent recommendation from a panel of independent advisors to the Food and Drug Administration has opened the door for Eli Lilly’s Alzheimer’s drug, donanemab, to potentially receive full approval in the United States. This recommendation is significant as it would provide another treatment option for the more than 6 million Americans affected by Alzheimer’s,
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The United Auto Workers President Shawn Fain is currently under investigation by a federal court-appointed watchdog named Neil Barofsky. The main purpose of this investigation is to monitor the union and eliminate corruption within it. The monitor is specifically looking into whether Fain has abused his power as the union president. Additionally, union leaders, including
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The Covid-19 pandemic has brought to light the vulnerabilities and resilience of the American economy, particularly in the child care sector. With daycares closing, schools shifting to remote learning, and parents struggling to balance work and childcare, the demand for child care services has surged. Although employment in the child care industry has bounced back
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