Five Dumbest Things On Wall Street: Aug 7

After a cyberattack disrupted operations and Russia seized its distilleries, Stoli Group USA faces a major crossroads in its U. S. business. Stoli Group USA, the renowned vodka producer, has entered Chapter 11 bankruptcy proceedings in the United States, citing an array of financial and operational pressures, including geopolitical disputes, a recent cyberattack, and shifting consumer habits that have created a perfect storm of challenges for the company’s U.

With permission from a judge, the bankrupt Denver startup Fluid Truck has abandoned two leases in the city as it tries to sell itself to a Utah company for about $10 million. The company has moved out of 400 W. 48th Ave. — the scene of a previous legal dispute — and 1441 W.

People who spent years living and working abroad are returning home, keen to take advantage of Afghanistan’s much-improved security and stability. In a town that has been through it all and is clawing its way back, a man named Omidullah is looking to hit pay dirt. The Kabul real estate agent is selling a nine-bedroom, nine-bath, white-and-gold villa in the Afghan capital.

In the midst of bone-chilling temps, Minnesotans find warm and community in sauna culture. Ed Kranz set up his mobile sauna next to a frozen beach at Lebanon Hills Regional Park in Eagan, Minnesota, on a bone-chilling Sunday morning during a weekend cold snap. Ed and his wife Colleen own Saunable, “a wood-fired sauna experience on wheels.” After about 8 to 12 minutes of sweating in the Kranz’s 185 degrees Fahrenheit (85 degrees Celsius) sauna, a group moseyed outside into a 15-degrees Fahrenheit (9 degrees Celsius) Minnesota afternoon.

Even before President-elect Donald Trump said he would pursue mass deportations, rattling industries that rely on immigrant workers, the U. S. had a labor problem. Baby Boomers are retiring and there just aren’t enough people to take their place. This has big implications for the country’s economy, and could potentially drive up inflation as a labor shortage allows workers to demand higher wages.

Starting in 2025, Frontier Airlines will roll out first-class seating as part of a trend of low-fare carriers offering more options to lure travelers who are willing to pay for premium accommodations. The Denver-based airline announced the change Tuesday, calling it the company’s “next evolution.” Other features include free seat upgrades to Frontier’s premium seat offerings for Elite loyalty program members. “We’ve listened to customers, and they want more–more premium options, like first class seating, attainable seat upgrades, more free travel for their companions, and the ability to use miles on more than just airfare,” Frontier Airlines CEO Barry Biffle said in a statement. First-class seating will be introduced in late 2025. Related Articles Airlines | Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom Airlines | Pilots for Denver-based Frontier Airlines vote to strike if necessary Airlines | DIA opens 14 “ground-boarding” gates Airlines | Frontier Airlines will soon offer nonstop flights to a popular Colorado ski area through the summer Airlines | Frontier Airlines flight attendants vote to authorize strike Other options are unlimited free travel for companions of Platinum and Diamond Elite members starting in mid-2025.