The restaurant industry has experienced a significant surge in bankruptcy filings in 2024, which is in line with the broader trend of rising corporate bankruptcies across various sectors. Notably, at least 10 restaurant chains have filed for bankruptcy this year, excluding multi-unit franchisees. August alone saw three Chapter 11 filings from prominent eateries. The uptick
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MongoDB experienced a significant surge in its shares, rising by a remarkable 16% in after-hours trading following the announcement of its healthy fiscal second-quarter earnings. The company exceeded expectations with earnings per share coming in at 70 cents adjusted, compared to the anticipated 49 cents. In terms of revenue, MongoDB reported $478.1 million, surpassing the
American Eagle, a popular apparel company, faced challenges recently as it missed Wall Street’s sales targets for the second quarter in a row. The company’s revenue of $1.29 billion fell short of the expected $1.31 billion, leading to a decline in its shares by roughly 3% in early trading. Despite this setback, American Eagle’s profit
Chinese President Xi Jinping recently conveyed a message of hope for improved relations between China and the United States during a meeting with U.S. national security advisor Jake Sullivan. Xi expressed China’s commitment to maintaining a stable and healthy relationship with the U.S., despite the escalating tensions between the two countries in recent years. Xi
As the tech earnings parade rolls along, investors are closely watching Marvell Technology. The stock surged by about 8% after hours following the company’s report of better-than-expected revenue in the latest quarter. Despite this positive news, Marvell is still down by 18% from its March high. This increase in stock value also reflects positively on
The trend of employers enrolling workers in 401(k) plans automatically has been on the rise. However, new research indicates that the outcomes of this strategy may not be as positive as once believed. Factors such as cashing out 401(k) balances when employees leave their jobs can significantly diminish the long-term benefits of policies like automatic
As the season of fall foliage and pumpkin spice lattes rolls around, there is also a potential shift in the job market. Some experts suggest a “September surge,” where more job postings become available after Labor Day due to the end of a summer slowdown. Career coaches have noted that during the summer months, there
In recent months, the real estate market has seen a surge in home prices, reaching the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. Despite the rising mortgage interest rates, prices nationally were reported to be 5.4% higher than they were in June 2023. However, this annual gain was slightly
The landscape of cannabis consumption has undergone a significant transformation, with legal avenues for cannabis consumption now infiltrating the luxury market on Fifth Avenue in New York City. The legalization of adult-use marijuana in New York State has paved the way for licensed dispensaries to flourish, with sales exceeding $100 million last year. Shoppers can
When comparing the median price per square foot in Manhattan, NY, which stands at $1,500, to the vast properties available in the Mediterranean, it becomes apparent that you can truly get more bang for your buck in places like Sicily, Italy. With stunning beaches, historic sites, and an abundance of charm, Sicily offers a property