On Monday, a significant shift occurred within the retail landscape as Nordstrom announced its plan to transition into a private entity. This decision follows an agreement with the founding Nordstrom family and El Puerto de Liverpool, a prominent Mexican department store chain, culminating in a buyout valued at approximately $6.25 billion. The transaction, unanimously endorsed
Business
As the festive season approaches, Starbucks baristas in cities such as Los Angeles, Chicago, and Seattle have initiated a strike that is poised to intensify in the days leading up to Christmas Eve. The decision underscores the ongoing tensions between the service employees and the coffee giant, as Starbucks Workers United strives to secure improved
The realm of collegiate athletics has burgeoned into a financial powerhouse, generating staggering revenues that attract the attention of private investors and analysts alike. As institutions embark upon an endeavor to quantify the worth of their sports programs, the question arises—how much are these programs truly valued? A recent exploration by financial experts has shed
In a notable development for the automotive industry, Stellantis has announced a further postponement of the fully electric Ram pickup, now slated for release in 2026 instead of the previously planned 2025. This decision reflects a broader trend within the electric vehicle (EV) market, where many manufacturers are grappling with slower-than-anticipated adoption rates for electric
In a significant move that underscores the ongoing scrutiny over food delivery services, Grubhub has agreed to pay a staggering $25 million to settle allegations brought forth by the Federal Trade Commission (FTC) and the Illinois Attorney General, Kwame Raoul. The lawsuit highlighted purported deceptive practices by the company that not only harmed consumers but
The landscape of family office investments is rapidly evolving. In the wake of a recent survey, it has become apparent that while family offices are increasingly venturing into direct investments with private companies, they may be treading into risky terrain without adequate preparation or strategic insight. This shift in investment strategy, while appealing, reveals significant
The recent passing of Brian Thompson, a prominent figure in UnitedHealth Group as the CEO of UnitedHealthcare, has not only cast a shadow over the company but has also sparked urgent discussions surrounding the state of the American healthcare system. In a poignant New York Times opinion piece, Andrew Witty, CEO of UnitedHealth Group, expressed
The landscape of banking fees has long been a contentious issue, particularly concerning the burdensome overdraft fees that millions of Americans encounter regularly. Recently, the Consumer Financial Protection Bureau (CFPB) unveiled a significant rule aimed at limiting these charges, promising substantial relief for consumers. The forthcoming regulations mark a pivotal point in how overdraft fees
As we head into 2025, the U.S. automotive industry finds itself at a crossroads, poised for potential changes that could redefine its trajectory. A recent report from Cox Automotive highlights a notable shift in sentiment among car dealers, driven by various factors including the political climate. Dealers are showing renewed optimism about the general auto