Porsche, known for its iconic sports cars, has once again raised the bar with the introduction of the 2025 911 Carrera GTS hybrid. Priced at $164,900, this production hybrid version of the beloved 911 marks a significant milestone for the German automaker. As the automotive industry continues to shift towards electrification and stricter fuel economy
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In George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a saturated crimson cloud. However, this is not the ordinary movie-viewing experience that most people are familiar with. The theater is equipped with gyroscopic 4DX chairs, plumes of fog, and environmental effects that enable the audience
Boeing and NASA are pushing forward with plans to launch the Starliner capsule despite a recent leak in the spacecraft’s propulsion system. During a press conference, Boeing’s vice president Mark Nappi assured the public that the identified causes of the leak are manageable and do not pose a safety risk. The first crewed launch is
The U.S. Department of Justice has taken legal action against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit, which involves 30 states and was filed recently, is a result of an extensive investigation launched in 2022 to determine whether Live Nation is monopolizing the ticketing industry. The allegations made by
The latest data from the National Association of Realtors has revealed some interesting trends in the real estate market for the month of April. The report shows a 1.9% decrease in sales of previously owned homes compared to March, with a total of 4.14 million units sold on a seasonally adjusted annualized basis. This decline
Macy’s fiscal first-quarter earnings report surpassed Wall Street’s expectations. The department store operator highlighted early signs of momentum in its turnaround strategy. CEO Tony Spring mentioned that the company is in the “early innings” of turning around its namesake stores. By increasing investments in certain Macy’s stores, the company has seen a positive response from
Lowe’s, the home improvement retailer, exceeded Wall Street’s expectations in terms of quarterly earnings and revenue. Despite a decrease in pricey item purchases by do-it-yourself customers, Lowe’s managed to outperform projections. This positive outcome is in stark contrast to its competitor, Home Depot, which fell short of revenue expectations due to challenges in the housing
Red Lobster, a well-known seafood chain, recently filed for Chapter 11 bankruptcy protection. This move is part of the company’s strategy to reduce its size and attract potential buyers. The company disclosed that it has received a preliminary bid from its current lenders to acquire the business, unless a higher offer is presented. In a
Last year, media giants heavily relied on sports to attract advertisers during the Upfronts meeting week. The aftermath of a Hollywood strike and cost-cutting measures forced companies to lean more on sports than scripted shows. The decline in content and star power due to the strike led to a focus on live sports, which still
The recent vote by Mercedes-Benz workers in Alabama against union representation by the United Auto Workers has dealt a significant blow to the UAW’s organizing efforts. Despite the UAW’s success in winning an organizing drive at a Volkswagen plant in Tennessee, the majority of Mercedes-Benz workers voted against unionization, with 56% of the vote going
Walmart has recently shown exceptional performance, surpassing quarterly earnings and revenue expectations with its innovative strategies. The retail giant’s success can be attributed to its significant e-commerce gains, profit-driving businesses such as advertising, and its ability to attract more high-income shoppers. The company has now revised its full-year guidance, aiming to exceed its initial projections
Netflix, the streaming giant, made a groundbreaking announcement on Wednesday, revealing that its cheaper, ad-supported tier has now surpassed a whopping 40 million global monthly active users. This astonishing figure represents a significant leap from the 23 million users reported earlier this year in January. The company’s decision to introduce this more affordable subscription plan
AMC Entertainment, alongside GameStop, experienced a surge in its stock price after Keith Gill, also known as “Roaring Kitty,” reappeared online after a three-year hiatus. This resurgence led to AMC shares more than doubling since Friday’s closing price, reaching over $6 during afternoon trading on Tuesday. The last time retail investors rallied around AMC, the
Novavax experienced a substantial surge in its stock price of up to 50% following the announcement of a groundbreaking multibillion-dollar deal with French pharmaceutical giant Sanofi. This deal marked a pivotal moment for the struggling vaccine maker, with its stock nearly doubling after the licensing agreement with Sanofi was made public. The Deal Details Under