As the Summer Olympics in Paris draw near, sportsbooks and daily fantasy operators are gearing up for a potential surge in activity. With legal gambling now well-established in the U.S., industry experts are anticipating a significant increase in wagering compared to previous Olympic Games, particularly in sports like basketball, soccer, and tennis. This article will
Business
Costco, the popular membership-based warehouse club, recently announced that it will be increasing its membership fees in the U.S. and Canada. This change is set to take effect on September 1st, with the annual membership cost being raised from $60 to $65. In addition, the higher-tier “Executive Membership” will increase from $120 to $130 per
The Federal Trade Commission is gearing up to file lawsuits against three prominent U.S. health companies for their role as intermediaries in negotiating prices for medications such as insulin. According to a source familiar with the matter, the agency believes that these companies are artificially inflating costs for patients, ultimately making healthcare less affordable for
With NASA astronauts currently docked at the International Space Station for a longer period than initially anticipated, the agency’s leadership is starting to consider potential alternatives for returning the crew back to Earth. While Boeing’s Starliner remains the primary option for the return journey, officials are now acknowledging the need to explore other possibilities due
Walmart recently announced its plans to open five automated distribution centers across the country to cater to the growing demand for fresh food distribution. These new facilities, which average at 700,000 square feet, will utilize automation to store and retrieve perishable items such as strawberries and frozen chicken nuggets. This move comes as Walmart seeks
In a recent announcement, nonalcoholic brewer Athletic Brewing Company shared the news of raising an additional $50 million in equity financing. The leading force behind this round of funding was General Atlantic, a significant player in the investment world. This financial boost opens up new opportunities for Athletic Brewing Company to further expand its production
Boeing, the U.S. aerospace giant, has recently agreed to plead guilty to criminal fraud related to the fatal crashes of its 737 Max aircrafts. This decision has labeled Boeing as a felon, despite allowing the company to avoid a trial as it attempts to move past the safety and manufacturing crises that have plagued it.
After a monthslong negotiation filled with twists and turns, Paramount Global has finally agreed to merge with Skydance. This merger signifies the end of the Redstone family’s control over the storied movie studio and media company. The agreement was reached after Paramount’s special committee gave their consent to the deal following a preliminary agreement between
The aviation industry is currently experiencing record demand for summer air travel, with airports bustling and increased capacity on flights. However, this surge in demand has not translated to record profits for U.S. airlines. While some carriers have forecasted record demand and potential revenue growth, higher labor costs and other expenses have significantly impacted their
In the semiconductor industry, the demand for talent is ever-increasing, with the competition for skilled workers intensifying. The industry is projected to face a significant shortfall of as much as one million workers in the U.S. economy by 2030. This shortage is fueled by the application of generative artificial intelligence, which further heightens the demand