Medicaid is crucially important to older Americans, but can it handle a rapidly aging population?
Needs may be unmet or larger burdens may fall to families
Mango plots U.S. store expansion to grow market, elevate brand
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end of the year and aims to launch 20 […]
Auto industry pulls back after unprecedented EV, self-driving spending
Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid DETROIT — The auto industry has an addiction. It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. And now, […]
Qualcomm’s interest in buying rival Intel is reportedly fading
Semiconductor maker Qualcomm Inc.’s interest in acquiring rival Intel Corp. is souring, Bloomberg News reported Monday night.
Starbucks vendor hit by ransomware attack, affecting pay and schedules
The Starbucks logo is displayed above one of its cafes in London on Aug. 13, 2024. Hollie Adams | Reuters A ransomware attack on one of Starbucks‘ software vendors has disrupted how the coffee chain’s baristas view and manage their schedules, the company said Monday. Starbucks said it is working closely with the vendor to […]
A big investor says Sleep Number’s board can’t be trusted on this crucial matter
After a long slump for Sleep Number Corp.’s stock price and weaker demand for its smart mattresses, one big investor, Stadium Capital Management, went public with its frustrations with the company on Monday, calling for a shakeup of its board and changes to what it said was a “flawed” search process for a new CEO.
Kohl’s CEO Tom Kingsbury to step down, replaced by Ashley Buchanan
Incoming Kohl’s CEO Ashley Buchanan and current CEO Tom Kingsbury. Courtesy: Michael’s | Kohl’s Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and […]
Oil prices drop as talk of Israel-Hezbollah cease-fire cuts ‘security premium’
Oil futures ended lower Monday, with talk of a potential cease-fire deal between Israel and Lebanon-based Hezbollah leading prices to shrink their ”security premium,” pulling global benchmark crude prices down by nearly 3%.
State Farm signs JuJu Watkins, increases investment in women’s sports
State Farm has signed USC star JuJu Watkins to an NIL deal as it increases its investment in women’s sports. State Farm is furthering its investment in women’s sports with two new deals. The insurance giant announced on Monday that it had signed college basketball star JuJu Watkins to an NIL, or “name, image and […]
Snowflake’s stock advances on upgrade as AI ‘revolution’ hits its ‘next gear,’ one analyst says
Silicon Valley-based Snowflake is “in the sweet spot” to benefit from wider use of AI among businesses over the next 12 to 18 months, according to Wedbush analyst Dan Ives.
