Economy

Economy
Economy

Biotech filed for bankruptcy 11 weeks before its big FDA decision

You can be right about the science and still lose every dollar you put in. That is the hardest lesson in small-cap investing, and it shows up in credit agreements and amendment schedules, not in press releases. Here is how the game usually works. A young drug company raises money against a future event, an

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Economy

Costco has a secret liquidation business you need to know about

Costco has one of the most generous return policies in all of retail. The chain calls it a “Risk-Free 100% Satisfaction Guarantee” and explains its merchandise return policy as follows: “We guarantee your satisfaction on every product we sell, and will refund your purchase price.” There are, of course, exceptions, and those are listed on

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Economy

104-year-old beauty chain closes hundreds of salons

When you run a service business, it takes qualified workers to operate. That’s something workers themselves notice. “When asked to identify the greatest barrier to delivering exceptional products and services to customers, employees most often cited staffing shortages. More than one-third (37%) named staffing as the top obstacle, far exceeding training (16%), tools or equipment

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Economy

50-year-old theme and water park to close forever after summer season

While all amusement parks require significant upkeep to keep the rides both up to safety standards and interesting to new generations of visitors, any place offering water rides will incur specialized expenses due to the constant wear-and-tear that comes when high-volume electrical systems are exposed to harsh pool chemicals and constant moisture. In some cases,

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Economy

39-year-old major bullet manufacturer files Chapter 11 bankruptcy

The firearms industry, including rifle, handgun, and ammunition manufacturers and retailers, have faced financial distress in 2026 that has led to bankruptcy filings. Filings come as the industry has experienced declining sales over the last two years which have been major problem for companies trying to stay afloat. Key firearms bullet manufacturer files for Chapter

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Economy

Global dining leader closing 261 restaurants, steakhouse chain

Usually, when a restaurant chain goes under, it happens in steps. On The Border, for example, first closed a number of locations, then filed for Chapter 11 bankruptcy. It was purchased during that process and closed a few more locations. Then, its new owner filed for Chapter 7 bankruptcy for the brand, shutting down all

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Economy

Walmart, Target, and Kroger face new retail crime issue

When people talk about shoplifting and organized retail crime (ORC), they tend to focus on the bottom-line impact on businesses. That makes sense because the numbers aren’t small, according to the National Retail Federation’s (NRF) The Impact of Theft & Violence 2026 report. “The 2026 report demonstrates a concerning shift as criminals move beyond traditional

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Economy

Lowe’s bets $250 million on jobs AI can’t take

While artificial intelligence (AI) might be able to write a bad version of this article at a much lower price than what a human writer charges, the technology has its limitations. “AI, without question, is changing work,” Lowe’s CEO Marvin Ellison told The Wall Street Journal. “But somebody will still be required to crawl under

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Economy

One of retail’s once-hottest stocks just imploded 18% overnight

There was a time when you couldn’t walk through an airport, a grocery aisle, or a high-end gym without seeing the brand’s iconic logo. Lululemon Athletica Inc. (LULU) didn’t just sell activewear; it sold an aspirational uniform that seemed entirely immune to the laws of retail gravity. Lululemon once traded like a company that could

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Economy

Walmart adds exclusive Starbucks rival’s coffee, energy drinks

When a new coffee chain opens near our home, I try it at least once. For many chains, like Cali Coffee and Dutch Bros., after a few visits, I knew that neither chain offered me a compelling enough product to drive farther than the closest Starbucks. A local chain, Carmela Coffee, passed that test, but

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