Hindenburg Research, a prominent short-selling firm, has turned the spotlight on Carvana, an online platform for used-car sales. The firm raised troubling questions about the integrity of Carvana’s financial health, labeling its recent operational recovery a mere “mirage.” According to Hindenburg, this façade is buoyed by questionable financial practices, particularly concerning loan sales and alleged
Business
The restaurant industry faced significant hurdles throughout 2024, leading to a wave of closures and bankruptcies that shook the landscape of casual dining and fast food chains. Rising inflation and a tight economic environment compelled consumers to be more frugal with their dining choices. As many diners curtailed their restaurant visits, operating costs continued to
In a harrowing turn of events, a Jeju Air flight tragically belly-landed at Muan International Airport, resulting in the loss of 179 lives out of the 181 passengers on board. This disaster marks the most devastating air tragedy South Korea has faced in decades, igniting grief and shock across the nation. As investigators scramble to
This year’s Christmas Day was not only a celebration of joy and family for many but also a historic milestone for sports streaming. Netflix made headlines with its exclusive presentation of two NFL games, achieving remarkable viewer ratings that exceeded expectations. With nearly 65 million total viewers tuning into both matchups, the streaming service showcased
On a busy Tuesday morning, American Airlines experienced a temporary halt in its U.S. flights due to a technical malfunction. This occurred at a time when airlines were bracing for an exceptionally high volume of travelers during the holiday season, highlighting the vulnerability of air travel operations to technical issues. By 7:55 a.m. ET, the
The recent lawsuit filed by the Consumer Financial Protection Bureau (CFPB) against retail giant Walmart and the work-scheduling platform Branch Messenger has raised significant eyebrows regarding the treatment of gig economy workers. The CFPB’s allegations suggest that Walmart and Branch have concocted a scheme that not only restricts driver autonomy but also exploits them financially.
The landscape of sleep medicine is undergoing a notable transformation, particularly with the recent approval of Eli Lilly’s Zepbound by the Food and Drug Administration (FDA) for the treatment of obstructive sleep apnea (OSA). This drug’s introduction marks a significant milestone, as it expands the therapeutic options available for millions suffering from this common but
In what could be deemed a pivotal moment for Nike, the company revealed its fiscal second-quarter results for 2025, showcasing an unexpectedly positive performance under the leadership of newly appointed CEO Elliott Hill. The recent financial disclosures indicated that despite a backdrop of declining sales and diminished market presence, Nike has begun to implement immediate
The realm of college sports has transformed into a lucrative industry, with annual revenues soaring into the billions. As private investors flock to this burgeoning field, the value of college athletic programs has become a significant topic of interest. This article dissects the findings from a recent CNBC analysis that reveals the financial worth of
The current real estate landscape may seem paradoxical; while the number of homes available for sale diminishes, the prevalence of empty bedrooms reaches new heights. According to a report from Realtor.com, the number of extra bedrooms in American households has surged to unprecedented levels, coinciding with a decline in average household size. This phenomenon warrants