In a significant move reflective of changing retail dynamics, Nordstrom has declared its intention to transition to a private company following a buyout agreement valued at approximately $6.25 billion. This deal, brokered between Nordstrom’s founding family and the Mexican retail giant, El Puerto de Liverpool, marks an important chapter in the storied legacy of the
Business
As the festive season approaches, a significant development has emerged in the coffee industry, particularly concerning Starbucks. Baristas across various locations, including key urban centers like Los Angeles, Chicago, and Seattle, are planning to strike in protest of stagnant wages and working conditions. The timing of this action, leading up to Christmas Eve, is particularly
The realm of college athletics has transformed over the years from an extracurricular activity into a lucrative mega-industry, generating billions in revenue. Private investors are increasingly eyeing this burgeoning market and are probing into the valuations of prestigious college sports programs. This analysis seeks to explore the intricacies of determining the worth of college athletic
In a strategic move reflecting the shifting landscape of the automotive market, Stellantis announced a postponement of the all-electric Ram pickup, initially slated for a 2025 release, now pushed to 2026. This decision highlights the automaker’s ongoing challenge in navigating the slower-than-anticipated adoption of electric vehicles (EVs), which is compounded by competitors’ struggles to achieve
In a significant development for the food delivery industry, Grubhub has agreed to a $25 million settlement following allegations from the Federal Trade Commission (FTC) and the Illinois Attorney General, Kwame Raoul. This lawsuit, which has captured widespread attention, centers around claims of deceptive practices that not only impacted diners but also workers and small
Family offices, wealthy private entities formed to manage the financial affairs of affluent families, are increasingly opting to make direct investments in private companies. This shift marks a significant trend as family offices seek to capitalize on lucrative market opportunities while potentially avoiding high private equity fees. However, a recent study has raised concerns about
The recent loss of Brian Thompson, CEO of UnitedHealthcare, has not only cast a shadow over UnitedHealth Group but has also ignited a broader conversation about the state of the U.S. health care system. In a poignant tribute to Thompson, Andrew Witty, the current CEO of UnitedHealth Group, expressed his grief and acknowledged the pressing
Overdraft fees have been a longstanding concern in the realm of personal finance, often leaving consumers scrambling to cover unexpected charges. Traditionally, these fees have been an easily accessible source of revenue for banks, resulting in significant financial strain for millions of Americans. This week, the Consumer Financial Protection Bureau (CFPB) made headlines by introducing
As 2025 approaches, the sentiment among U.S. car dealers is one that oscillates between cautious optimism and underlying anxiety, particularly regarding the future of electric vehicle (EV) sales. A recent report from Cox Automotive reveals a significant increase in dealer confidence due to favorable economic factors and political changes, notably the election of President Donald
In a significant development for women’s sports, the emerging startup league Unrivaled has recently made headlines with its innovative approach to professional basketball. This new league is set to launch a 3×3 format exclusively for women, aiming to create a platform where top-tier athletes can showcase their skills and compete at a high level. With