Business

The year 2024 has witnessed a significant surge in restaurant bankruptcy filings, reflecting a broader trend of increasing corporate bankruptcies across various sectors. At least 10 restaurant chains have filed for bankruptcy this year, and the numbers are expected to rise further. August saw three Chapter 11 filings from well-known eateries, indicating the financial distress
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Airlines across the globe that have historically been eager to expand their fleets are now facing financial constraints that are causing them to rethink their growth strategies. With low-cost carriers and deep discounters struggling to return to profitability, many airlines are postponing the purchase of new aircraft in an effort to conserve cash. This shift
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The Food and Drug Administration has granted emergency use authorization for Novavax’s updated protein-based Covid vaccine for individuals aged 12 and above. This development opens up the opportunity for Novavax’s vaccine to compete with the offerings from Pfizer and Moderna in the upcoming fall and winter seasons. Novavax’s vaccine is specifically tailored to target the
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General Motors has recently announced a significant change in their all-electric BrightDrop commercial vans lineup by integrating them into the Chevrolet brand. This strategic move aims to boost sales, enhance accessibility, and increase recognition of these vehicles among consumers. The decision to merge BrightDrop vans with Chevrolet is expected to leverage the robust reputation and
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Cava recently raised its full-year outlook after reporting strong traffic in its restaurants, leading to better-than-expected quarterly earnings and revenue. The company’s shares saw a 7% increase in extended trading, with its market cap reaching approximately $11.6 billion by the end of the quarter. During the quarter that ended on July 14, Cava exceeded Wall
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