Morning Brew Daily The High-Speed Rail Connecting LA to Vegas & Express Goes Bankrupt
Apr 23, 2024
A thrilling high-speed rail project is set to connect Los Angeles and Las Vegas, promising a swift two-hour commute. Meanwhile, retail giant Express files for bankruptcy, marking a shift in the industry. The New York Stock Exchange is contemplating 24/7 trading, potentially reshaping how we invest. The booming bubble tea market is turning founders into billionaires, while the streaming landscape sees a rise in 'serial churners'. Plus, Kansai International Airport stands out for its flawless luggage handling, showcasing impressive engineering.
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High-Speed Rail Groundbreaking
- Brightline West broke ground on a high-speed rail line connecting Las Vegas and Rancho Cucamonga, California.
- The $12 billion project aims to complete the journey in just over two hours, much faster than driving.
High-Speed Rail Success Factors
- Brightline West's project has a higher chance of success compared to California's previous high-speed rail attempts.
- Building on the I-15 median minimizes red tape and legal issues related to land use.
Express Bankruptcy
- Express, a mall-based fashion retailer, filed for Chapter 11 bankruptcy and will close 115 stores.
- Declining sales and competition from athleisure and fast fashion contributed to its downfall.