Chicken Soup for the Soul Entertainment, the parent company of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection, marking a significant downturn for a once-prominent player in the entertainment industry. This legal maneuver comes in the wake of protracted financial difficulties and mounting unpaid debts. The bankruptcy… Read More

Recent economic data suggests a continued easing of inflationary pressures in the United States, as evidenced by the Commerce Department’s latest report on the personal consumption expenditures (PCE) price index, a measure closely monitored by the Federal Reserve. From April to May, consumer prices remained flat, marking the most moderate… Read More

Walgreens Boots Alliance Inc. is poised to implement a substantial restructuring of its U.S. operations, potentially closing of hundreds of stores over the next three years. CEO Tim Wentworth disclosed that approximately 25% of the company’s 8,600 U.S. locations are underperforming and subject to changes, including possible closures if their… Read More

The European Union (EU) says Microsoft might have broken antitrust rules. They think Microsoft gave its Teams app an unfair advantage over other similar apps. Teams is an app for messaging and video calls that Microsoft includes with its popular Office software. The EU believes Microsoft might have forced customers… Read More

Hollywood has been going through some tough times lately, with big strikes by writers and actors in 2023. But now, there’s some good news that might help things get back to normal. The union that represents most behind-the-scenes workers in movies and TV shows has made a deal with studios…. Read More