The restaurant industry experienced a particularly tumultuous year in 2024, marked by widespread closures, declining sales, and an alarming rise in bankruptcies. This article aims to not only outline the specifics of these closures but also delve into the underlying reasons for this distressing trend, examining how consumer behavior and competitive dynamics are reshaping the
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In a harrowing event that unfolded on a Sunday morning, Jeju Air Flight 7C2216 was involved in a catastrophic accident during its landing approach. The Boeing 737-800, which had just completed an overnight flight, tragically belly-landed on the runway, leading to a devastating crash that claimed the lives of 179 individuals onboard, while only two
The landscape of investment is constantly evolving, and the year 2024 has marked a significant milestone in the domain of exchange-traded funds (ETFs). According to Cerulli Associates, assets held in U.S. ETFs surpassed the monumental threshold of $10 trillion for the first time in November. This surge not only highlights the dynamic growth of ETFs
In a rapidly evolving job market, employers are constantly seeking innovative benefits to attract and retain talented employees. Recently, a new trend has emerged: companies are beginning to offer matching contributions to their employees’ 401(k) plans based on the employees’ student loan payments. This initiative, resulting from the legislative changes embodied in the Secure 2.0
The world of investing remains a dynamic landscape, especially with the potential ramifications of the U.S. presidential election, advancements in artificial intelligence (AI), and persistently high interest rates looming over the market. As we head into a new year, a sense of cautious optimism persists among analysts who are keenly observing how macroeconomic conditions will
For decades, homeownership has stood as a cornerstone of the American Dream, signifying stability, financial growth, and community integration. However, this ideal is increasingly out of reach for many, especially young adults and first-time buyers. The reality of soaring home prices, stagnant wages, and demanding mortgage criteria has created a daunting barrier to homeownership for
Home Depot has demonstrated a noteworthy rebound in its financial performance, reporting a 6% increase in quarterly sales compared to the previous year. This rise can be attributed to a strategic acquisition, favorable weather conditions, and urgent repair needs related to recent hurricanes. Notably, the company unveiled its revised full-year outlook, anticipating a 4% growth
As the clock ticks down towards another New Year, a noticeable silence fills the halls of the New York Stock Exchange (NYSE). Gone is the jovial spirit of Art Cashin, the long-time director of floor operations who became synonymous with New Year’s festivities through his heartwarming poems. Following his recent passing, a sense of nostalgia
Investors often face a unique set of challenges when it comes to managing taxes on their investment returns. Among the numerous financial vehicles available, two of the most common options are exchange-traded funds (ETFs) and mutual funds. While both types of funds offer investors a way to diversify their portfolios without the need to select
On a fateful day at Muan International Airport in southwestern South Korea, a Jeju Air flight, designated 7C2216, underwent a harrowing belly landing, resulting in a deadly fire that claimed the lives of 179 out of the 181 individuals onboard. This tragic event marks a stark moment in South Korea’s aviation history, becoming the worst