Business

February home sales see slight rebound, but supply growth ‘slow’

February home sales see slight rebound, but supply growth ‘slow’

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🚀 Check out this awesome post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Home sales made slight gains at the start of the year, but rising mortgage rates now could throw cold water on the spring season.Existing home sales in February rose 1.7% from January to a seasonally adjusted annual rate of 4.09 million units, according to the National Association of Realtors. Sales decreased by 1.4% compared to February of last year. This number represents closed sales, so deals were likely signed in December and January, when mortgage rates fell slightly and remained steady in the low…
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The US Food and Drug Administration has approved leucovorin to treat brain folate deficiency but not for autism

The US Food and Drug Administration has approved leucovorin to treat brain folate deficiency but not for autism

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💥 Check out this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: The Food and Drug Administration on Tuesday approved a decades-old prescription vitamin called leucovorin as the first treatment for a rare genetic disorder in some adults and children. The move comes months after the Trump administration touted leucovorin as a potential treatment for a broader group of patients with symptoms of autism spectrum disorder. The claim raised skepticism among some in the medical and research community, but sparked excitement among families, leading to increased prescriptions for the drug in the United States. An FDA…
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Spirit Airlines is recalling certified pilots as it looks to emerge from bankruptcy

Spirit Airlines is recalling certified pilots as it looks to emerge from bankruptcy

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✨ Discover this must-read post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty ImagesSpirit Airlines is recalling all furloughed pilots after higher-than-expected attrition strained its operation, according to a company memo, reviewed by CNBC.The budget carrier said late last month that it plans to further reduce its schedule and emerge from Chapter 11 bankruptcy in late spring or early summer. This is the airline's second bankruptcy filing…
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Fabletics launches denim line as activewear sales slow

Fabletics launches denim line as activewear sales slow

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💥 Read this trending post from Business News 📖 📂 **Category**: ✅ **What You’ll Learn**: Denim Fabletics.Courtesy: FableticsSportswear maker Fabletics has launched its first line of denim products, a sign that the once-popular activewear category is slowing down, the company announced Tuesday. The collection, which launches online and in select stores on Thursday, will include 11 styles and seven layers for both women and men. Items will be priced between $79.95 and $174.95, depending on whether shoppers are members of Fabletics' subscription program. “We've had over a million of our customers tell us that if Fabletics offered denim, they would…
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Olaplex is trying to recover after a sharp decline since its IPO

Olaplex is trying to recover after a sharp decline since its IPO

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🔥 Explore this awesome post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: When a hair care brand is prestige Olaplex Debuting on the Nasdaq in late 2021, it beat pricing expectations and quickly gained traction.The company opened at $25 per share, up from initial IPO price estimates. It was part of a broader group of retailers that went public that year amid the IPO boom. Olaplex reached an all-time high a few months after its public debut, reaching a price of $29.41 on January 3, 2022.But this run did not last long.Since its IPO, Olaplex stock's performance…
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Stellantis uses suppliers Toyota and Bosch for hybrid technology for Jeep vehicles

Stellantis uses suppliers Toyota and Bosch for hybrid technology for Jeep vehicles

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🚀 Read this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Jeep Cherokee 2026.Courtesy: StellantisDetroit - Jeep maker Stellantis CNBC is relying on technologies from auto suppliers for its latest hybrid SUVs, as the market for more fuel-efficient vehicles is expected to continue to grow, CNBC has learned.The transatlantic automaker's first hybrid SUV for North America, the recently launched Cherokee, features a system from a Toyota-backed company called Blue Nexus, while its upcoming extended-range electric vehicles, or EREVs, use key technologies from Bosch, the world's largest vehicle supplier.It's not uncommon for automakers to use components from…
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How the company continues to conquer the gaming industry

How the company continues to conquer the gaming industry

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🚀 Discover this insightful post from Business News 📖 📂 **Category**: 💡 **What You’ll Learn**: Lego has just gone public — with the help of a secret weapon behind the scenes.The Danish company on Tuesday reported a 12% jump in revenue to 83.5 billion Danish kroner, or $12.9 billion, for fiscal 2025. The company said operating profit rose 18% year-over-year to 22 billion Danish kroner, or $3.4 billion."When we look at the growth area, it's fairly broad in the sense that it's not one product or one topic, it's pretty broad," Lego CEO Nils Christiansen told CNBC.Lego consumer sales jumped…
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Ticketmaster’s parent company Live Nation agrees to Department of Justice antitrust settlement

Ticketmaster’s parent company Live Nation agrees to Department of Justice antitrust settlement

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✨ Check out this must-read post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: Signs are seen at Live Nation NYC headquarters on May 23, 2024 in New York City. Michael M. Santiago | Getty ImagesLive Nation Entertainment The company has reached a settlement with the Justice Department over antitrust concerns surrounding its Ticketmaster platform, a senior Justice Department official said Monday.The settlement will see Ticketmaster cancel some of its exclusive agreements with music artists and open the ticketing industry to greater competition. The order still needs to be approved by more than 20 states that have sued…
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Inside the booming business of health clubs and third-party spaces

Inside the booming business of health clubs and third-party spaces

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✨ Read this must-read post from Business News 📖 📂 **Category**: 📌 **What You’ll Learn**: A few years ago, Grace Gu began to long for places in New York City where spending time with friends didn't require drinking alcohol.Newly sober and surrounded by friends who also chose not to drink, Guo said she wanted alternatives to the typical social scene. After doing some research, I landed on Bathhouse and Othership: social health clubs designed to create communities that improve health."Honestly, it's like going to a spa together and spending the afternoon together. I think for me, it feels much better…
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