Business

Iconic Des Moines restaurant, Spaghetti Works, permanently closes after 45 years

Closure shocks employees and customers alikeSpaghetti Works, a well-known family restaurant on Court Avenue in Des Moines, has shuttered its…

2 years ago

Lululemon Athletica Inc. Posts Strong Fourth-Quarter Earnings Despite Massive Connected-Fitness Platform Loss

Lululemon Athletica Inc., a leading athletic apparel company, reported its fourth-quarter financial results for 2022, which beat analysts' expectations despite…

2 years ago

Suspension of Oil Exports from Kurdistan Causes Shutdown of Oil Fields

The suspension of oil exports from the Kurdish region of Iraq via the Turkish port of Ceyhan has caused companies…

2 years ago

Signature Bank’s Failure Impacts Cryptocurrency Account Holders

Government Regulations Negatively Impact Banking BusinessesSignature Bank, a New York-based bank, recently failed due to government regulations on banking businesses.…

2 years ago

Airline Complaints Quadruple in 2022, Amid Delays and Cancelations

Consumers flying within the United States experienced an upswing in the number of flight delays and cancelations throughout 2022. This…

2 years ago

US Mortgage Market Booms as Investors Move to Bond Market Amidst Bank Stress

The US mortgage market has seen significant growth in recent weeks as stress in the banking system leads investors to…

2 years ago

Silicon Valley Bank’s Collapse Raises Concerns About the US Banking System

Silicon Valley Bank (SVB) was once considered one of the most stable and profitable banks in the United States. With…

2 years ago

Binance faces regulatory challenges and customer withdrawals

Binance, the world's largest cryptocurrency exchange, has been hit with a slew of regulatory challenges and facing massive withdrawals. As…

2 years ago

Alibaba’s Restructuring Sparks Optimism Amid Layoff Concerns

Beijing's Campaign Against Big Tech ContinuesAlibaba is one of China's biggest technology giants, with a market valuation of over $400…

2 years ago

Adidas Drops Opposition to Black Lives Matter’s Trademark Logo

Adidas Withdraws Opposition to Black Lives Matter's Trademark LogoAdidas has dropped its opposition to the Black Lives Matter (BLM) Global…

2 years ago