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Absolutely Nobody Can Agree on What’s Happening With the Economy Right Now
Subways Sales Climb for First Time in Years as the Company Looks to Expand in Foreign Markets
That’s a lot of $5 footlongs. After years of declining sales, shuttering stores, and exploitation scandals, Subway has finally seen its revenue go up. And in the wake of that good news, the sandwich chain announced it plans to open…
Florida Tops New York New Jobs Report
As ol’ blue eyes told us, if you can make it in New York, you can make it anywhere — even Florida. For the first time in at least 40 years, Florida tops New York in terms of total jobs,…
Sony Bids Farewell to PlayStation Supply Chain Woes
Getting your hands on a Playstation 5 has been harder than beating the infamously difficult Devil May Cry 5. The gaming console was released in November 2020 but thanks to pandemic-related supply chain woes were nearly impossible to find —…
JPMorgan Invests Hundreds of Millions into Forestry and Minority-led Businesses Projects
When it comes to ESG investing, Jamie Dimon can see the forest for the trees. JPMorgan Chase is kicking off the year with a pair of investments worth hundreds of millions into forestry and minority-led businesses, both of which will…
Debt Loads Weigh on US Healthcare Industry
US healthcare companies are ailing. The diagnosis? A case of possibly debilitating debt. The etiology is a dual-pronged attack of rising labor costs and rising interest rates following a leverage-fueled dealmaking frenzy, according to a report in the Financial Times….
Peloton Shows Signs of Life
You know what they say about getting back on the bike after a headlong fall. Peloton, the poster child for pandemic boom-and-bust companies, announced Wednesday it has managed to rein in its losses and grow its cash flow, beating Wall…
Serie A Hopes Wall Street Can Get Help it Out of the B-Tier
This Italian football league needs an assist from American lenders. It’s no secret that soccer is the most popular sport in the world, but now Wall Street’s hunger for football is so great that major banks are happily lending to…
Value of Manuka Honey Plummets
So what if you can’t afford eggs anymore? Luxury honey is a steal. Manuka honey, an expensive, especially viscous honey produced predominantly in New Zealand, experienced a pandemic bubble that has now burst in spectacular fashion, according to Bloomberg, leaving…
UK Company Insolvencies Hit 13-Year High
Local companies in the United Kingdom are going from “Brexiting the European Union” to “exiting the economy.” While a strong earnings season has lifted much of the world to an unexpectedly bubbly headspace this week despite persistently uncertain economic times,…
JD Sports Hack Highlights UK Cyber Security Concerns
Fancy a firewall, mate? Manchester-based retailer JD Sports is the latest victim in a string of cyber attacks on major UK entities this month. So far, hackers have descended upon retail, postal delivery, fast food, and news outlets. Of Many…
