Author: Maggie Caraway

Recently, Balenciaga has made headlines for a series of controversies surrounding two of its campaigns.  Now, Balenciaga is suing North Six, Inc., the production company behind the Spring 2023 ad campaign for at least $25 million.  According to the court documents, the campaign included particular paperwork from a 2008 Supreme Court ruling on child pornography that Balenciaga did not authorize and had no knowledge of.  Balenciaga hired...

California residents and industrial users receiving water from the Central Valley Project were warned on Monday by federal water managers to prepare for the possibility of an “extremely limited water supply” next year. The U.S. Bureau of Reclamation explained in a news release just how many people are reliant upon the project for their source of water.  “The Central Valley Project began the 2023 water year...

Two weeks ago, news broke that the crypto giant, FTX, had completely crumbled. Now, BlockFi has followed suit.  According to Yahoo Finance, the three largest creditor claims BlockFi revealed in its petition are “a $729 million indenture from Ankura Trust, a distressed loan administration company, a $275 million loan from West Realm Shires, the holding company for FTX’s US subsidiary, as well as a $30 million...

Online Black Friday sales broke a new record in the United States this year with $9.12 billion despite inflation. According to Adobe, online sales were up 2.3% since last year.  Adobe also tracked the sales for Thanksgiving Day shopping and concluded Americans spent $5.29 billion online, an all-time high.  Sales started on the holiday and carried on through the weekend and will lead up to the biggest...

Even though gas prices have fallen since the baffling peak in June, don’t get used to it. Although the rise is not predicted to be of the same magnitude seen in Europe, CEO of Chevron Mike Wirth told CNN’s Poppy Harlow that "there's certainly a risk that costs will go up" for American consumers. Mike Wirth also told CNN natural gas prices could be "significantly higher" this...

Steph Curry is reportedly set to achieve a new level of wealth. In an interview with Rolling Stone, Curry revealed he is closing in on a deal $1 billion lifetime contract with Under Armour. Currently earning around $20 million annually from his deal with Under Armour, Curry continues to make moves within the company. However, it hasn’t always been smooth sailing between Curry and Under Amour. Founder...

Starbucks (NASDAQ:SBUX) presented its first investor day since naming Laxman Narasimhan as the company’s next chief executive officer. And here are 8 things that went down during Tuesday’s meetings, as stated by Starbucks themselves.   Reinvention plan positions Starbucks for the next chapter of growth Starbucks is focused on reinventing the partner experience The Starbucks brand is building on strength Going Global: The digital Starbucks experience is...

The founder of Patagonia has given away his company for a good cause…saving the planet. Yvon Chouinard and his family transferred their ownership in the company to environmental nonprofit the Holdfast Collective and the Patagonia Purpose Trust.   Chouinard did not settle for other options which were to go public or sell the company and donate all the money, so he created his own to preserve Patagonia’s mission....

King of streaming services, Netflix (NASDAQ: NFLX), is offering a cheaper option for watching your favorite shows and movies, but there’s a catch. Netflix’s new ad-supported tier will cost between $7 to $9 a month and consist of four minutes of ads for every hour of content. Users interested in this plan can certainly save a few bucks compared to the current plans: Netflix Basic, $9.99/mo,...

Milk? Who needs it? Now you can just add water. Kellogs (NYSE-K) debuted their newest product, Insta-bowls. They claim you can have “the same great taste anywhere, anytime – no milk required!” This new cereal comes pre-portioned in a single-serve portable bowl and is “perfect for on the go.” Marketing Director Chris Stolsky gave insight into the reasoning behind this new launch. “We created Kellogg's Instabowls as an...