Business

The scrutiny of Carvana Inc., an online used-car retailer, has intensified with the release of a recent report by Hindenburg Research. This notable short-selling firm has raised serious concerns about the company’s purported financial turnaround, labeling it merely a “mirage.” The focus of their allegations rests on potentially dubious accounting practices and a network of
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The restaurant industry found itself grappling with monumental challenges in 2024, a year marked by a disturbing trend of closures and an alarming rise in bankruptcies. As inflation weighed heavily on consumers, many chose to scale back their dining experiences, searching for bargains and value rather than indulgence. This frugality led to a notable drop
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In a heart-wrenching aviation disaster, a Jeju Air flight tragically executed a belly landing at Muan International Airport in South Korea, resulting in the deaths of 179 individuals among the 181 passengers and crew aboard. This incident marks a significant moment in South Korea’s aviation history, as it has been labeled the worst air disaster
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In a remarkable display of audience engagement, Netflix announced record-breaking viewership figures for the NFL games streamed on Christmas Day. According to Nielsen reports, over 65 million people across the United States tuned in for the two exclusive NFL matchups. The Baltimore Ravens’ triumph over the Houston Texans captivated an average of 24.3 million viewers,
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In a significant legal development, the Consumer Financial Protection Bureau (CFPB) has brought forward a complaint against retail giant Walmart and the work-scheduling platform Branch Messenger regarding their treatment of delivery drivers. The CFPB’s accusations hinge on the claim that these companies coerced delivery drivers into using inadequately managed and financially burdensome deposit accounts to
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In a crucial development in the medical field, Eli Lilly’s weight loss drug, Zepbound, has recently received approval from the Food and Drug Administration (FDA) for a significant new application—to treat moderate-to-severe obstructive sleep apnea (OSA) in patients suffering from obesity. This advancement signifies an expansion of Zepbound’s capabilities beyond its initial design as a
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The realm of college sports has evolved into a substantial financial enterprise, generating revenues that rival those of many professional leagues. The immense popularity of college athletics attracts not only audiences but also investors eager to capitalize on this lucrative market. As private investors set their sights on college sports programs, determining the worth of
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