Under Armour recently announced its fiscal first quarter results, revealing that its revenue had fallen across the board. However, the athletic apparel retailer managed to outperform Wall Street’s expectations, leading to a surge in its stock price. The company reported earnings per share of 1 cent adjusted, beating the estimated loss of 8 cents, and
Legal
The Biden administration’s new affordable repayment plan, known as SAVE, is facing significant legal challenges that are putting the program on hold. Republican-led states have sued the U.S. Department of Education, arguing that the agency overstepped its authority in implementing the plan. These legal battles could potentially delay the program for months or even longer,
Delta Air Lines recently revealed that last month’s CrowdStrike outage resulted in a staggering $550 million loss for the company. This significant financial impact includes a $380 million revenue decrease in the current quarter, attributed to refunding customers for canceled flights and providing compensation in the form of cash and SkyMiles. Additionally, the airline incurred
SunPower, once a leading rooftop solar installer, has recently filed for bankruptcy after facing a multitude of challenges. The company’s stock plummeted by 32% to 55 cents per share, marking a staggering 90% drop in value this year. One of the primary factors contributing to SunPower’s downfall was the burden of high interest rates, which
Following the major disruptions caused by a botched CrowdStrike software update, Delta Air Lines CEO Ed Bastian decided to offer employees two free travel passes as a token of appreciation for their hard work during the chaos. The airline faced more challenges compared to its competitors in resolving the outages that affected thousands of Windows
Jenny Hunnicutt’s decision to embark on a 274-night cruise around the globe aboard Royal Caribbean’s Serenade of the Seas presented a unique opportunity for remote workers in a post-pandemic world. While she and her husband were well-accustomed to a remote lifestyle, working from a cruise ship raised questions about taxes and legal implications for earning
Washington, D.C., Attorney General Brian Schwalb recently took legal action against the online ticket exchange platform StubHub for its alleged deceptive and unfair pricing practices. The lawsuit claims that StubHub engages in misleading advertising by promoting low ticket prices to attract consumers, only to surprise them with significantly higher prices during the checkout process. According
The Biden administration is making another push to forgive the student debt of millions of Americans, following the Supreme Court’s rejection of its earlier attempt. The U.S. Department of Education has announced plans to contact borrowers who may qualify for this widespread loan forgiveness, with the goal of providing relief in the fall, potentially just
Philips, the Dutch device maker, saw a significant increase in its shares by more than 10.5% after announcing better-than-expected second-quarter earnings. This surge in share price is a clear indication of the market’s positive response to the financial performance of the company. Despite some minor fluctuations, the shares continued to trade up by 10.4% during
The Biden administration’s new relief program called the Saving on a Valuable Education Plan (SAVE) has put federal student loan payments on hold for millions of borrowers. This move by the U.S. Department of Education has sparked a legal battle that has left many borrowers in limbo. What is SAVE? SAVE is an income-driven repayment