The restaurant industry in the United States faced substantial challenges in 2024, ultimately resulting in widespread closures and an uptick in bankruptcies. Amidst inflation-driven consumer hesitance and a notable decline in restaurant patronage, chains across the country undertook rigorous measures to adapt to the shifting economic landscape. This article explores the overall state of the
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As we look ahead to 2025, one of the most pressing concerns on the horizon is the potential strike by port workers scheduled for January 15. This anticipated disruption is rooted in ongoing disputes surrounding automation in the shipping industry. Should this strike materialize, it could create serious bottlenecks in global supply chains, with Wolfe
In a recent analysis, Goldman Sachs economists have underscored key inquiries that will shape the U.S. economic landscape by 2025. Foremost among these is their optimistic projection for GDP growth, which is anticipated to reach 2.4%. This figure exceeds the broader consensus of 2.0% and is attributed largely to factors such as strengthened domestic private
In 2024, Macau, the universe’s largest gambling destination, witnessed a remarkable surge in its casino revenues, rising nearly 23.9% from the previous year to 226.8 billion patacas (approximately $28.35 billion). This impressive statistic, however, comes with a caveat: it still falls short of pre-pandemic figures, which stood at 292.5 billion patacas in 2019. Despite the
In an unprecedented financial pivot, Abu Dhabi’s Mubadala Investment Company has emerged as a frontrunner in the global sovereign wealth landscape, capturing roughly 20% of the staggering $136.1 billion spent by sovereign funds worldwide in the past year. This dynamic shift has marked a significant milestone, as Mubadala not only surges ahead of Saudi Arabia’s
In a significant geopolitical development, the flow of Russian natural gas through Ukraine towards Europe ceased on January 1, 2025, as the transit agreement between Moscow and Kyiv came to an abrupt end. This transition marks a poignant chapter in the turbulent relationship between the two nations, which has been fraught with tension and conflict
Broadway experiences a distinctive atmosphere during the holiday season, where theaters are often filled with enthusiastic patrons seeking a dose of culture and entertainment. This year, the magic of Broadway was palpable with a remarkable surge in ticket sales, particularly for renowned productions like “Wicked,” which shattered previous box office records. Yet, amidst this jubilant
The housing market at the end of 2024 paints a complex picture, marked by both hopeful signs of increased inventory and persistent challenges that are causing stagnation. Though the supply of homes has indeed seen a notable rise—an increase of 12.1% in active listings year-over-year, reaching levels not seen since 2020—this bounty comes with a
In a striking display of political resolve, Israeli Prime Minister Benjamin Netanyahu rose from his hospital bed after undergoing prostate surgery. This act was not merely about personal recovery; it underscored the gravity of the situation he faces as he navigates the precarious waters of coalition politics. The coalition, described as the most hardline in
Intel has been a prominent name in the semiconductor industry for decades, yet it finds itself grappling with significant challenges as 2024 draws to a close. Recently, the stock saw a slight uptick of approximately 1.2%. Despite this minor rebound, the overall performance has been disheartening, with Intel’s stock value plummeting more than 60% this