77-year-old furniture chain files for Chapter 11 bankruptcy

Consumer groups are calling for a boycott of major retailers Target, Amazon, and Home Depot during the holiday season, reflecting growing discontent among shoppers. This boycott is seen as a response to various issues, including rising prices and perceived corporate practices that do not align with consumer interests.

Cathie Wood's ARK Investment Management has made headlines by purchasing shares of CoreWeave, a cloud infrastructure company backed by Nvidia, amidst a significant downturn in its stock price following a revised sales outlook. This acquisition comes as CoreWeave faces challenges in the AI market, which has recently seen volatility due to investor concerns about an AI bubble.

Legendary investor Ray Dalio has made headlines by declaring that the stock market is currently in a bubble, a statement that has raised concerns among investors. Despite this alarming assessment, he advised investors against selling their holdings during a recent CNBC interview. This perspective has sparked significant discussion in the financial community.

A regional airline in the United States has canceled all flights and is shutting down, reflecting the ongoing struggles faced by smaller low-cost carriers amid rising operational costs and increased competition from mainstream airlines adopting a basic economy model. This trend has been observed globally, particularly affecting British regional airlines as well.

T-Mobile has announced a strategic initiative aimed at attracting customers from competitors AT&T and Verizon, responding to a concerning trend of customer migration within the telecommunications sector. This move is part of T-Mobile's broader strategy to enhance its market position and customer base.

Nvidia recently reported record earnings of $57 billion, significantly exceeding analysts' expectations and alleviating concerns regarding a potential AI bubble. This strong performance has generated excitement among investors and positively impacted market sentiment, particularly in the tech sector.

Legendary golf course company has filed for Chapter 11 bankruptcy, reflecting significant financial distress despite the sport's growing popularity, with 47.2 million Americans participating in golf in 2024 according to the National Golf Foundation.

A century-old rival to Home Depot is selling its entire chain of stores as family-owned businesses face increasing challenges in the retail sector. The decision reflects the difficulties independent hardware stores encounter in maintaining operations amid rising competition and changing consumer behaviors. This move highlights the broader struggles of small businesses in a market dominated by larger chains.