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In a new move to capture the budget fitness market, Planet Fitness is attempting to acquire Blink Holdings – a brand that filed for bankruptcy in August. If successful, this acquisition could mark a turning point in Planet Fitness’s expansion journey, especially amid increasing competition in the U.S. According to court filings seen by CNBC, […]
Ford Motor recently reported a 15.2% increase in new vehicle sales in the U.S. for October compared to the same time last year, recovering from the significant declines caused by last October’s United Auto Workers (UAW) strike. The prolonged strike impacted Ford’s production heavily, particularly affecting its popular truck lines. This sales growth marks Ford’s
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After more than seven weeks on strike, Boeing’s factory workers have voted to accept a contract offer and end the walkout, allowing the company to restart idled assembly lines in the Pacific Northwest. However, this strike is just one of many challenges the troubled U.S. aerospace giant faces as it works to restore profitability and
The largest U.S. bank, JPMorgan Chase, has agreed to pay $151 million to resolve five lawsuits brought by the U.S. Securities and Exchange Commission (SEC), including allegations that the bank provided misleading information to its brokerage clients, affecting their rights and financial interests. This information was publicly disclosed by the SEC, attracting significant attention in
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The third quarter of 2024 witnessed an increase in delinquency rates for multifamily loans held by both Freddie Mac and Fannie Mae. This is a concerning sign, especially as the multifamily real estate market faces numerous challenges from rising interest rates and living costs, impacting borrowers’ ability to make payments. Freddie Mac: Notable Increase in
It’s time for Disney parks to swap pumpkins for poinsettias! As the busiest travel season of the year unfolds, Disney’s U.S. theme parks have begun transitioning from Halloween colors to the festive spirit of Christmas. This transformation happens almost overnight, with warm autumn banners quickly replaced by lush green garlands. The full change takes about
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According to CNBC on Saturday (Nov. 2), Warren Buffett’s Berkshire Hathaway held $69.9 billion worth of Apple shares as of the end of September, based on its latest earnings report. This implies that Buffett sold around a quarter of his stake, leaving about 300 million Apple shares remaining. Altogether, Berkshire’s stake in Apple has dropped
Over 30,000 Boeing employees, represented by the International Association of Machinists and Aerospace Workers (IAM), are preparing to vote on a new proposal from the world’s largest aerospace corporation. This proposal includes a 38% pay increase over the next four years, along with a $12,000 bonus (around £9,300) if an agreement is reached. This is
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