Business News

On Monday, J.M. Smucker announced a $5.6 billion deal in which the company would purchase Hostess, the maker of Twinkies and Ho Hos. Smucker’s claimed the deal expands the company’s “offerings of beloved brands in growing categories and accelerates its focus on convenient consumer occasions,” according to CNN. As for Hostess, according to the company’s CEO, it is on the same page. “We believe this is the...

As a way to revive its business, JCPenney is setting its focus on working families. After reportedly filing for bankruptcy in May 2020, JCPenney has been revamping its merchandise while making sure it is the cheapest alternative to other department stores, the company’s CEO, Marc Rosen, said. He claimed, shoppers “won't have to cut back as much on discretionary spending, a trend that has accelerated over...

You might have heard the term “revenge spending” and wondered what it meant. “Revenge spending is a financial phenomenon based on reacting to an emotional event and it refers to a person increasing their spending after a period of challenges,” according to U.S. News. A great example of revenge spending is how the COVID-19 pandemic prevented our ability to spend money on common activities due to the...

Snapchat has made even more updates to further protect the teenage users on its app. This week, Snapchat announced a new set of features and policies created to better protect teenage users. These updates include new “restrictions on friend suggestions and a new system for removing age-inappropriate content,” according to CNN. Last year, Snapchat launched a Family Center where parents could find more insight into who their...

Several major North American attractions this summer have been impacted by extreme weather exacerbated by climate change. Six Flags, SeaWorld and Cedar Fair have all been impacted by extreme weather including “deadly flooding in the Northeast, record-breaking heat in the Southwest and California, and wildfires in Canada,” according to CNN. Walt Disney World and Universal Orlando have also reportedly been impacted this summer with weakened attendance due...

Tom Brady has found a new job. On Wednesday, Delta Airlines announced that Brady would become the company’s “strategic advisor.” This role reportedly includes working on internal employee training and appearing in external advertising campaigns. This “innovative new partnership” will span over the course of several years. According to a press release from the airline, Brady’s first year will be spent working “closely with Delta’s employees for...

Mercedes-Benz has just launched an electric vehicle model concept with a higher range than any Tesla model. The new concept, called CLA Class, was unveiled on Sunday at the IAA Mobility auto show in Munich. It included four new models: “a sedan, a station wagon and two SUVs. The company did not specify when exactly they would enter production,” CNN reported. Each of the new vehicles will...

Leo Messi’s arrival to America has reportedly sparked a surge in Major League Soccer streaming subscriptions, ticket prices and apparel. After Messi’s first game with his new team, Inter Miami, the streaming package from Apple that broadcasts soccer matches experienced 1,690% growth in signups, according to Antenna, an analytics firm. The spike in sales was dubbed the “Messi Effect.” According to CNN, Antenna usually reports a spike...

A concert film of Taylor Swift’s “The Era’s Tour” will hit theaters in October, the same day as the next installment of the “Exorcist” comes out. Swift’s film paired with the “Exorcist” is expected to be the next big double-feature some have dubbed as “Exorswift.” Earlier this summer, the release of Barbie and Oppenheimer on the same day pulled in massive box office sales. People are now...

IHOP is doing something new to its menu. For the first time ever, the restaurant chain is making biscuits available to all customers nationwide. IHOP has been branching out recently with its menu by adding things like burritos and savory crepes. The company is reportedly making these changes to draw in more customers during lunch and dinner hours. “The new lineup includes a buttermilk biscuit; a breakfast biscuit...