Bankruptcy

Consumer

Stoli’s US Bankruptcy is Just the Latest Sign of Hard Times for Spirits

Photo by Watts via CC BY 2.0

Stoli Group USA, the maker of the eponymous vodka, had bankruptcy protection to be thankful for during last week’s holiday.

2 min read

Photo by Randolph Rojas via Unsplash

Industries

Spirit Airlines Finally Files for Chapter 11 Bankruptcy

Budget-friendly Spirit Airlines hasn’t reported an annual profit since 2019, and has lost some $2.2 billion since 2020.

1 min read
Photo by Kirk Allen via CC BY 3.0

Consumer

TGI Fridays Files for Chapter 11 Bankruptcy

This weekend, TGI Fridays filed for Chapter 11 bankruptcy, making it the latest in its class to raise the white flag.

1 min read
Photo by SHVETS Production via Pexels

Healthcare

Biotech That Once Promised ‘Next Gen’ COVID Vaccine Files for Bankruptcy

Gritstone Bio announced it is “taking action” to “preserve value and strengthen capital structure” on Thursday.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Freepik, Banphote Kamolsanei and Cherezoff via iStock

Personal Finance

The Great Wealth Transfer Might be a Big Mirage

In the coming decades, the Silent Generation and aging Baby Boomers are projected to hand down trillions in wealth. So who will benefit?

4 min read
Photo by Andrew Hecht via CC BY 2.0

Healthcare

Novartis Will Pay Up to $1.1 Billion for California Gene Therapy Startup

Novartis is banking on the startup’s promising treatment candidates for neuromuscular diseases, many of which are genetic in nature.

1 min read
Photo by Breno Assis via Unsplash

Real Estate

Home Sales Rose in October, But the Trend Won’t Last

Sales of used homes in the US rose in October. But it may have been a flash sale, because mortgage rates are already climbing again.

1 min read

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