Boeing and NASA are pushing forward with the launch of Boeing’s Starliner capsule, which is set to carry U.S. astronauts for the first time. This decision comes in light of a “stable” leak detected in the spacecraft’s propulsion system. Boeing’s vice president and manager of the company’s Commercial Crew program, Mark Nappi, assured during a
Business
The U.S. Department of Justice has made the decision to file a lawsuit against Live Nation, the parent company of Ticketmaster, for allegedly engaging in antitrust violations. This action comes after an investigation conducted by the DOJ, as well as 30 states, into whether Live Nation holds a monopoly in the ticketing industry. The probe
In the month of April, sales of previously owned homes experienced a 1.9% drop from March, totaling 4.14 million units. This decrease was unexpected as forecasts had predicted a minor increase in sales for the month. Additionally, when compared to the same period in the previous year, sales were down by the same percentage. These
The Consumer Financial Protection Bureau recently announced new regulations for the buy now, pay later industry, stating that customers in this sector must adhere to the same federal protections as credit card users. This move has significant implications for fintech firms such as Affirm, Klarna, and PayPal, which dominate the BNPL industry. The agency’s interpretive
Macy’s recently released its fiscal first-quarter earnings, surpassing Wall Street’s expectations. The retail giant reported revenue that was in line with predictions, highlighting early signs of progress in its turnaround efforts. Despite the positive earnings report, the company remains cautious about customer spending habits, assuming continued discretion in discretionary purchases. As a result, Macy’s shares
Lowe’s recently exceeded Wall Street’s expectations for both quarterly earnings and revenue. This is despite a decrease in sales of pricey items which could have potentially impacted the overall revenue. The positive results achieved by Lowe’s are commendable in a competitive market where meeting financial targets can be challenging. It is interesting to note the
Red Lobster, a once-popular seafood chain, has recently filed for Chapter 11 bankruptcy protection in a bid to restructure, downsize, and potentially find a buyer. This move comes after years of financial struggles, exacerbated by mounting debt, long-term leases, and increased competition within the restaurant industry. The company’s current CEO, Jonathan Tibus, pointed to a
In the world of entertainment, particularly in the media industry, the significance of sports in capturing advertising dollars has become increasingly evident. Last year, media giants turned to sports as a primary focal point during the Upfronts meeting week, a trend that continued this year as well. Although the end of strikes brought back stars
Recently, the United Auto Workers (UAW) suffered a significant setback in their union organizing efforts at the Mercedes-Benz plant in Alabama. The National Labor Relations Board announced that the workers at the plant had voted against union representation, with 56% of the vote going against the UAW. Implications of the Loss This defeat is a
Walmart recently announced that it has exceeded quarterly earnings and revenue expectations, showcasing significant progress in key areas such as e-commerce and newer ventures like advertising. This positive financial performance has also been attributed to the retailer’s increasing appeal to high-income shoppers and its focus on providing convenience to customers. Chief Financial Officer John David