Economy

Economy
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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Economy

Nike just got kicked out of an elite club

In June 2018, General Electric (GE) quietly disappeared from the Dow Jones Industrial Average, ending a 111-year run that predated the index itself, according to Bloomberg. The removal didn’t bankrupt GE. It simply made official what investors had already priced in years earlier. Nike just lived a version of that same story in 2026. Nike

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Economy

50-year-old theme and water park to close forever after summer season

While all amusement parks require significant upkeep to keep the rides both up to safety standards and interesting to new generations of visitors, any place offering water rides will incur specialized expenses due to the constant wear-and-tear that comes when high-volume electrical systems are exposed to harsh pool chemicals and constant moisture. In some cases,

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Economy

104-year-old haircut chain closes hundreds of salons

When you run a service business, it takes qualified workers to operate. That’s something workers themselves notice. “When asked to identify the greatest barrier to delivering exceptional products and services to customers, employees most often cited staffing shortages. More than one-third (37%) named staffing as the top obstacle, far exceeding training (16%), tools or equipment

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Economy

Loss of Costco deal helps push beverage brand into Chapter 11

While all drugs sold to American consumers face a rigorous approval process, that’s not the case when it comes to supplements. The Food and Drug Administration (FDA) does not approve supplements, and while there are some limits to the claims that can be made by companies in this space, there’s a fair amount of latitude.

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