Business News

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...

Consumers have been hit with higher prices on almost everything, and now as the holidays are near, the price of Christmas trees has increased. However, according to Yahoo Finance, this is not deterring customers from purchasing them. The Real Christmas Tree Board (RCTB) conducted research and found out that “71% of tree growers cited a likely wholesale price increase of 5% to 15% compared to last...

As sports fans prepared for the world’s biggest sporting event, FIFA made the announcement that beer sales would be banned at eight World Cup stadiums in Qatar.  Former FIFA secretary general, Jerome Valcke, once said "Alcoholic drinks are part of the FIFA World Cup, so we're going to have them,” according to NPR. So, the news of the 2022 alcoholic ban came as a shock to...

Unfortunately, scammers do not take a break during the holidays. With Black Friday and Cyber Monday coming up, this could be a prime opportunity for internet scammers to strike.  According to Zippia, $8.9 billion was spent by shoppers online last Black Friday. And 43% of those sales happened through a smartphone.  We have gathered the best tips to ensure you take part in safe shopping this holiday...

Last Friday, a federal judge demanded that Amazon stops firing employees for engaging in workplace activism. According to Fox Business, the judge issued a “mixed ruling that also hands a loss to the federal labor agency that sued the company earlier this year.”  The order was the result of a court case brought by the National Labor Relations Board on behalf of Gerald Bryson. The board...

Beyond Meat has made headlines yet again. This time, for various health-related concerns at one of its key factories.  Bloomberg broke the news on Monday that a former employee leaked evidence that Beyond Meat products produced at the factory tested positive for the dangerous bacteria Listeria at least 11 times over the course of a year.  The evidence provided by the former employee was then backed up...

Inflation has affected everything this season from pumpkins to turkeys to Christmas trees, but were you prepared to pay 20% more this year for your Thanksgiving feast?  The American Farm Bureau Federation conducted its annual Thanksgiving dinner cost survey and revealed nearly every holiday meal ingredient is priced higher this year. The federation announced that the average cost for a “classic Thanksgiving feast for 10” is...