Economy

Economy
Economy

45-year-old tour company shuts down, cancels all trips

While the approximately 8,000 registered travel agencies operating in the U.S. in 2026 can seem like a big number, it is significantly lower than the peak 35,000 businesses that sold trips and tours during the 1990s. If the rise of online booking platforms has been gradually whittling away the need for centralized agencies outside of

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Economy

Top analyst sees Nike doubling after getting kicked out of S&P 100

Sports apparel maker Nike ended the last trading week among the worst-performing stocks on the S&P 500 over the past decade, falling nearly 80% from its all-time while while trading at a 12-year low. On Sept. 4, the S&P Dow Jones Indices announced that Nike will be dropping out of the S&P 100 before trading

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Economy

Steakhouse chain closes final location in major market

Another steakhouse chain has exited a major market less than two years after opening its first location there, ending an expansion that had only recently begun. The closure comes as several other restaurants in the surrounding area have also shut their doors in recent months. Founded in 2011, Medium Rare is a Washington, D.C.- based

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Economy

Debt collection agency fails to pay debts, files Chapter 11

Only 10 jobs, including used car salesman, lobbyist, and telemarketer, outranked debt collectors on Insider Monkey’s 20 Least Respected Professions in America list. “Debt collectors often struggle with trust due to aggressive collection tactics, harassment allegations, and a reputation for putting financial interests above consumers’ well-being, cultivating negative perceptions. It is one of the least

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Economy

T-Mobile shutters a familiar part of the customer experience

T-Mobile, which is owned by Deutsche Telekom, continues to cut a key part of its operations after months of significant workforce changes.  As the carrier undergoes a digital transformation, announced by CEO Srini Gopalan late last year, it has quietly conducted several rounds of job cuts in December, March and April, affecting employees in departments

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Economy

Biotech filed for bankruptcy 11 weeks before its big FDA decision

You can be right about the science and still lose every dollar you put in. That is the hardest lesson in small-cap investing, and it shows up in credit agreements and amendment schedules, not in press releases. Here is how the game usually works. A young drug company raises money against a future event, an

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Economy

How much to invest in Nike stock to earn $1,000 in annual dividends

Investing in quality dividend stocks offers you a chance to benefit from a steady stream of passive income and long-term capital gains.  “Dividends can improve your performance by a third without doing anything,” Sam Stovall, chief investment strategist at CFRA, told CNBC. He noted that since 1945, reinvested dividends have made up roughly a third

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Economy

JPMorgan resets Lululemon stock price target by 38%

Lululemon stock has grossly underperformed the broader markets in the last five years. While the S&P 500 index trades near record levels, LULU stock is down almost 80% from all-time highs.   Notably, the stock tanked 17% after its fiscal Q2 2027 (ended in July) results, as a lackluster report forced several analysts to lower price

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Economy

102-year-old mall retailer quietly closes 25 stores

A mall chain many consumers around the United States grew up visiting has closed another 25 stores over the last three months. Earlier this year, we saw a number of mall retailers close locations, despite July 2026 Placer.ai data revealing that foot traffic across all three mall formats grew year over year. As part of

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Economy

Barbecue chain closed more restaurants than it admitted

A franchise offers an entrepreneur a way to open a business without having to be completely on their own. Before entering an agreement with a franchise, the company has to share a Franchise Disclosure Document (FDD). That’s a legally mandated document required by the Federal Trade Commission (FTC), and it’s meant to offer material information

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