Car Vending Machines: Tech start-up Carvana is hoping to completely change the way Americans buy cars and make the process less painless for consumers. The vehicle search, trade-in, purchase and financing process takes place exclusively online. Once the transaction is completed, buyers can have their vehicles shipped directly to their driveways or pick them up. Carvana also recently launched the world’s first fully automated, coin-operated Car Vending Machine in Nashville and will fly buyers there for free.
Drone Racing: The sale of drones has exploded in recent years, with consumer drone sales expected to reach 700,000 by the end of the year, which is an increase of more than 60 percent over 2014 figures. As more hobbyists are learning to fly the small-unmanned planes, they are also gathering to engage in some friendly competition. While the sport of drone racing is still in its early stages, organizers are hopeful that it will soon lead to financial gain. According to Charles Zablan, the chief operating officer of the California-based International Drone Racing Association, drone racing could be the next X Games, motocross racing and Red Bull air racing. As reported by the New York Times, the Drone Racing League recently announced a $1 million investment from Stephen M. Ross, who owns the Miami Dolphins.
Robotic Mind Control: Robots are also poised to revolutionize the medical field, with several high-tech tools nearly ready for commercialization. One of the most innovative is the development of prosthetics that can be controlled with a person’s mind just like a normal limb. At a Johns Hopkins University laboratory, researchers are fine tuning robotic arms with more than 26 joints, known as Modular Prosthetic Limbs, that exclusively use brain signals to control movements, including the ability to lift, grip, and otherwise manipulate objects. Other researchers, including those working with the federal government, are working on similar devices that could eventually help millions who are amputees.
What to Do If You Are Impacted by a Retailer Bankruptcy Part 2
Over the past year, brick-and-mortar stores have closed their doors at a record pace. Fluctuating consumer preferences, the rise of online shopping platforms, and ongoing economic uncertainty continue to put pressure on the retail industry. When a retailer seeks bankruptcy protection, a myriad of other businesses are often impacted. Whether you are a supplier, customer, […]
The Current Administration's Proposals for the Financial Services and Banking Industries Will Affect Your Business
Since his inauguration two months ago, Donald Trump’s administration and the Congress it controls have indicated important upcoming policy changes. These changes will impact financial services policies and priorities. The changes will particularly affect cryptocurrency, as well as banking rules and regulations. Key Regulatory Changes in Cryptocurrency For example, in the burgeoning cryptocurrency business environment, […]
Tips for Commercial Landlords Impacted by Wave of Retailer Bankruptcies Part 1
The retail sector has experienced a wave of bankruptcy filings over the last year. Brick-and-mortar businesses in financial distress include big-name brands like Big Lots, Party City, The Container Store, and Vitamin Shoppe. When large retailers seek bankruptcy protection, they are not the only businesses impacted. Landlords can be particularly hard hit. While commercial landlords […]
How Understanding Bankruptcy Trends Can Benefit Your Business
The bankruptcy legal landscape presents both challenges and opportunities for businesses navigating financial distress. Understanding current bankruptcy trends can help businesses make more informed and strategic decisions. Corporate Bankruptcy Filings Trending Upwards Bankruptcy filings continued to trend upwards in 2024. According to statistics released by the Administrative Office of the U.S. Courts, personal and business […]
SEC Takes Actions Against Issuers for Failure to File Form D
In December, the U.S. Securities and Exchange Commission (SEC) announced charges against two privately held companies for failing to file a Form D notice, which is generally utilized for exempt securities offerings. Here, the SEC’s enforcement sends a strong message: compliance with regulatory requirements is not optional and failure to comply can have significant consequences. […]
Redefining Labor Relations: NLRB's Pivot from Abruzzo’s Memoranda
On February 14, 2025, the Office of General Counsel (OGC) of the National Labor Relations Board (NLRB) under Acting General Counsel William B. Cowen issued Memorandum 25-05, “New Process for More Efficient, Effective, Accessible and Transparent Case handling.” The Memorandum rescinds nearly all of the Memoranda issued by his direct predecessor, Jennifer Abruzzo, setting the […]
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