Sportsbooks and daily fantasy operators are gearing up for a surge in activity during the upcoming Summer Olympics in Paris, scheduled to kick off on July 26. With the legalization of sports betting gaining traction across the United States, the gaming industry is bracing for an influx of wagers, especially on sports such as basketball,
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Costco recently announced that it would be raising its membership fees in both the U.S. and Canada. The annual fee for regular memberships will increase from $60 to $65, while the Executive Membership fee will go from $120 to $130 per year. This fee increase is set to take effect on September 1st, impacting around
The Federal Trade Commission is gearing up to file lawsuits against three major U.S. health companies for their roles as intermediaries in negotiating prices for medications like insulin. The agency believes that these companies contribute to inflating costs for patients, according to a report from CNBC. The three companies in the spotlight are UnitedHealth Group’s
With NASA astronauts currently docked at the International Space Station for a longer duration than expected, the agency’s leadership is now considering potential alternatives to using Boeing’s Starliner for the crew’s return to Earth. Even though Boeing’s spacecraft remains the primary option for the return of the crew, officials are open to exploring other possibilities
In an effort to enhance efficiency and cater to the increasing demand for online grocery shopping, Walmart has announced the opening of five automated distribution centers specializing in fresh food across the United States. These new facilities, averaging 700,000 square feet, will revolutionize the way Walmart handles perishable items and aims to streamline its supply
Athletic Brewing Company, a leading nonalcoholic brewer, made headlines with the announcement of an additional $50 million in equity financing led by General Atlantic. This round of financing is expected to be just the beginning, with General Atlantic showing interest in investing even more. The company’s CEO and founder, Bill Shufelt, expressed his excitement about
The summer of 2023 has witnessed a surge in air travel demand, with record numbers of passengers passing through U.S. airport checkpoints. However, this spike in demand has not translated into record profits for U.S. airlines. Despite forecasts of record demand and revenue by some carriers, the industry is facing financial challenges due to higher
Boeing has recently made headlines by agreeing to plead guilty to criminal fraud related to the tragic 737 Max crashes. This decision, while making the U.S. aerospace giant a felon, also allows it to avoid a trial as it tries to move past the safety and manufacturing crises it has faced. The agreement stipulates that
Paramount Global recently made headlines by announcing its agreement to merge with Skydance, in what has been a monthslong negotiation process filled with twists and turns. This merger signifies a significant change as the Redstone family relinquishes control of the iconic movie studio and media company. The agreement was reached after Paramount’s special committee gave
The semiconductor industry is currently faced with the challenge of recruiting workers in a tight labor market. As competition for talent intensifies, the industry is ramping up its efforts to attract skilled individuals. The funding from the CHIPS and Science Act, which is designed to stimulate domestic production, is being dispersed, further driving the need