The cannabis industry in New York has recently entered uncharted territory with the emergence of luxury marijuana products and retailers in prime shopping districts. Gone are the days when cannabis was primarily associated with underground markets; today, it has found a prominent place in high-end retail environments, especially along Fifth Avenue. This change not only
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On a pivotal Friday, the Food and Drug Administration (FDA) granted emergency authorization to Novavax’s revamped protein-based Covid vaccine for individuals aged 12 and older. This move marks a significant step for Novavax, allowing it to join the competitive landscape alongside established mRNA vaccines from Pfizer and Moderna as the colder months approach. This development
Best Buy recently showcased a pivotal turnaround in its financial forecasts as it raised its fiscal-year profit guidance, indicating a sense of optimism amid ongoing economic challenges. Having surpassed analysts’ expectations for both earnings and revenues in its latest quarter ending August 3, the electronics retail giant now anticipates adjusted earnings per share to range
The first half of 2024 has posed considerable challenges for the toy industry, with increased inflation triggering a sales downturn that has affected many household names. As consumers grapple with rising prices and reconsider their spending habits, several toy manufacturers have witnessed significant sales declines. Among the contenders, Lego has carved out a distinctive path,
In the past year, the landscape of wealth accumulation has dramatically shifted, particularly within the realm of cryptocurrencies. A recent report by New World Wealth and Henley & Partners revealed a staggering 95% increase in the number of individuals holding over $1 million in crypto assets, bringing the total to 172,300 globally. This leap highlights
The upcoming NBA season, commencing on October 22, 2023, heralds significant changes for fans of the Dallas Mavericks and New Orleans Pelicans. As both teams transition away from their current regional sports networks, it raises crucial questions about how viewers will access local games moving forward. The recent developments surrounding these franchises underscore a broader
The annual Monterey Car Week has historically served as a significant benchmark for the classic car auction market, showcasing a plethora of vintage vehicles and enticing high-net-worth collectors. However, recent data from this year’s sales indicates an intriguing shift. The total auction revenue reached $391.6 million, a slight decline from the previous year’s $403 million,
The landscape of mergers and acquisitions is often fraught with unpredictability, and the current situation at Paramount Global is no exception. As Paramount navigates its intricate relationship with Skydance Media, a competing offer from Edger Bronfman Jr. has thrown a wrench into what many thought was a settled agreement. This tension highlights not only the
In a significant announcement amidst the rapidly evolving landscape of electric vehicles (EVs), Ford Motor Company has decided to recalibrate its electric vehicle strategy. The automaker revealed plans to push back the production of a new all-electric pickup truck in Tennessee while also canceling the production of a highly anticipated three-row electric SUV. This strategic
In a significant development for the aviation sector, Alaska Airlines has announced that its ambitious plan to merge with Hawaiian Airlines has garnered clearance from the U.S. Justice Department. This green light comes after a thorough antitrust investigation that spanned eight months, following the initial $1.9 billion merger announcement made between the two airlines last