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Party City to close all of its stores, report says

December 21, 2024

Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN

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Categories Business

CFPB sues America’s largest banks for ‘allowing fraud to fester’ on Zelle

December 21, 2024

The Consumer Financial Protection Bureau is suing America’s three largest banks, accusing the institutions of failing to protect customers from fraud on

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Categories Business

How Vuori reached a $5.5 billion valuation by taking share from Lululemon

December 20, 2024

When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to

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Categories Business

Malls are using new restaurants to draw consumers as shopping centers reinvent themselves

December 20, 2024

Malls used to be the destination for the buzziest stores. Now they’re home to the hottest restaurants. The slow death of department stores

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Categories Business

How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill

December 20, 2024

The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction Act, is in the hands of the incoming Republican-controlled White House,

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Categories Business

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

December 19, 2024

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work

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Categories Business

Starbucks union votes to authorize strike ahead of last scheduled bargaining session in 2024

December 19, 2024

Starbucks Workers United said Tuesday that 98% of union baristas have voted to authorize a strike as they seek a contract with the

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Categories Business

Grubhub to pay $25M to settle charges that it misled diners and drivers about costs and pay

December 19, 2024

Grubhub will pay $25 million to settle charges it misled customers about the cost of their delivery and drivers about how much

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Categories Business

Women’s basketball league Unrivaled secures $28M in funding from star-studded investor lineup

December 18, 2024

Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season. “Our

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Categories Business

McKinsey & Co. to pay $650M to settle opioid consulting probe, ex-partner to plead guilty

December 18, 2024

McKinsey & Company agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work

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