Business News

On Tuesday, Party City filed for Chapter 11 bankruptcy protection. America’s largest party supply store has been struggling to recover after the pandemic and as high inflation affects consumer spending. According to NBC, “Troubled retailers often seek bankruptcy protection following the holiday season to take advantage of the cash cushion provided by recent sales.” Additionally, Party City “reported $1 billion to $10 billion of estimated assets and...

Starbucks announced the expansion of its deal with DoorDash on Tuesday. Now, customers in Northern California, Texas, Georgia, Florida and more will be able to receive their coffee orders via DoorDash. Starbucks had previously tested out delivery through DoorDash last year in Atlanta, Houston, Sacramento, Seattle, Portland and New York City. Starbucks said it would be expanding its DoorDash delivery locations in the coming weeks with the...

On Tuesday, Apple introduced new 14- and 16- inch MacBook Pros that can be purchased with the latest M2 Pro or M2 Max chips. The Mac mini computer will also be updated with the M2 or M2 Pro chips. The M2 Pro and M2 Max chips are the most powerful processors for MacBooks and the Mac mini. According to Apple, “With M2 Pro and M2 Max,...

Peloton has added a new member to the leadership team, Leslie Berland, former Chief Marketing Officer at Twitter. Berland left her position at Twitter in November after Elon Musk took over the company and wiped out many executives. Prior to that, “she held various marketing leadership positions at American Express for more than 10 years, where she was in charge of media, advertising and sponsorships. Berland...

The world’s biggest streaming service is branching out. Next year, Netflix will be live streaming its first awards ceremony, the 2024 Screen Actors Guild Awards. This will mark the beginning of a new, multi-year partnership. According to CNN, “The awards honor the best performances in film and television and are voted on by the more than 120,000 members of the guild. They’re typically less extravagant and watched...

HBO Max is following suit with many other subscription services and raising the price of its ad-free plan for the first time. The price hike, effectively immediately, will increase the price of an HBO Max no-ads monthly subscription from $14.99 to $15.99. The company claimed in a statement that the one-dollar price increase will “allow us to continue to invest in providing even more culture-defining programming...

The three-day strike in New York City involving 7,000 nurses has ended. Nurses returned to work for the 7 a.m. shift on Thursday morning at Mount Sinai and Montefiore after deals were announced earlier that morning. The nurses had been fighting for safe staffing ratios claiming shortages were causing widespread burnout, “hindering their ability to properly care for their patients,” CNN reported. The agreement reached at Montefiore includes...

Starbucks CEO Howard Schultz has had enough of remote work. Starbucks’ corporate workforce has been working remotely since the beginning of the pandemic. However, Shultz let employees know that those days are over. According to CNBC, “Starting Jan. 30, employees within commuting distance will be required to report to the coffee giant’s Seattle headquarters on Tuesdays, Wednesdays and a third day decided on by their teams. The...

Disney has announced some much-anticipated changes that are going to take place. This week, Josh D’Armaro, parks and resorts Chairperson, informed employees about several changes that will positively affect guests’ park experiences. “As we step into this bright future it is important that we continuously evolve to help deliver the best guest experience possible,” he wrote. “Many of you know that I’m in the parks fairly...

On Thursday morning all U.S. flights were grounded…what happened? The Federal Aviation Administration (FAA) made an announcement no traveler wants to hear. All early morning flights on Thursday were ordered to stay on the ground due to issues with an important system for pilots. Yahoo Finance reported, “The FAA said it was grounding all flights until 9 a.m. ET this morning in order to “validate the integrity...