The Dubai Mall, one of the world’s largest malls, is set to undergo a massive expansion with an estimated cost of 1.5 billion dirhams ($408 million). This sprawling shopping complex in the heart of the United Arab Emirates’ commercial capital is already a tourist hotspot, housing 1,200 stores, 200 food and beverage vendors, an aquarium,
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Dollar Tree recently announced its plans to potentially sell its grocery-focused Family Dollar brand. The company has been facing challenges in revamping the struggling business, which led to the closure of almost 1,000 Family Dollar stores. This decision was made in an effort to streamline the Family Dollar banner and focus on growth acceleration at
Monzo, a prominent British digital challenger bank, recently made headlines by announcing its first full year of profitability. The fintech startup revealed in its annual financial report that it had achieved pre-tax profits amounting to £15.4 million ($19.6 million) during the 2023-2024 fiscal year. This marked a significant turnaround from the previous year, where Monzo
Investors looking for stability and growth potential may want to consider tech giant IBM. With a solid track record of paying dividends and generating free cash flow, IBM offers a dividend yield of about 4%. Despite facing challenges in the first quarter, including a mixed revenue performance and macro uncertainties, IBM remains a favorite among
The picturesque town of Bellagio, located on Lake Como in Italy, is grappling with the negative consequences of overtourism. Boat drivers, who rely on tourists for their livelihood, have been vocal about the challenges posed by the massive influx of visitors. The narrow two-lane roads are unable to accommodate the heavy traffic, resulting in significant
The Food and Drug Administration has officially approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults aged 60 and above. This marks the second product from Moderna to enter the U.S. market and comes at a crucial time for the company as demand for its Covid vaccine declines. The approval is based on a
Costco Wholesale managed to exceed Wall Street’s expectations in its third-quarter earnings report, showcasing strong sales growth and lower operating expenses. The company’s total revenue for the quarter reached $58.52 billion, marking a 9.1% increase from the previous year and surpassing analysts’ estimates. Additionally, earnings per share came in at $3.78, outperforming forecasts and displaying
Despite higher profits and lower costs, Best Buy missed Wall Street’s quarterly sales expectations. The retailer saw a drop in revenue from the previous year, with sales ranging from flat to a 3% decline. The company blamed softer demand for consumer electronics as a contributing factor to these lackluster results. Best Buy has been struggling
Kohl’s, a well-known retail giant, experienced a significant setback in its fiscal first quarter with shares plummeting more than 20% in premarket trading. The company reported a surprising loss per share of 24 cents, far below Wall Street’s expectations of a profit of 4 cents. In addition, revenue for the quarter stood at $3.18 billion,
The Delaware College of Art and Design recently announced its decision to close due to low enrollment numbers for the upcoming academic year. The institution cited issues with the new Free Application for Federal Student Aid (FAFSA) as one of the contributing factors to the decline in student enrollment. According to the college’s president, Jean