Boeing, a prominent player in the aerospace industry, recently made headlines for a different reason – a guilty plea to criminal fraud charges related to the 737 Max crashes. This decision has painted the U.S. aerospace giant as a felon but has allowed it to avoid a trial. The repercussions of this guilty plea will
Business
The summer air travel demand in the United States has reached unprecedented levels, setting records for passenger numbers. However, this surge in demand has not translated into record profits for U.S. airlines. While some carriers have anticipated record demand and revenue, they are still facing financial challenges due to higher labor and operational costs. The
The semiconductor industry is currently facing a myriad of challenges in recruiting skilled workers amid a tight labor market. As the competition for talent continues to intensify and funds from the CHIPS and Science Act are allocated to boost domestic production, companies in the industry are finding it increasingly difficult to find qualified individuals to
Private equity investment in women’s soccer is changing the landscape of the game, providing a new avenue for growth and development. While other major U.S. sports leagues have allowed private equity investors to take passive, minority stakes, the National Women’s Soccer League (NWSL) is leading the way by allowing these firms to take majority control
In the second quarter of the year, Ford saw a 1% increase in sales compared to the same period last year. The driving force behind this growth was a 5% increase in truck sales. This includes pickups and vans, with a total of 308,920 vehicles sold, marking Ford’s best second-quarter performance for this category since
United Airlines has taken a step towards improving customer experience by implementing a new method of communication during flight delays. Instead of passengers left in the dark wondering about the reasons behind the delays, the airline is now offering to send live radar maps directly to travelers. This innovative approach allows passengers to see for
General Motors recently reported its best quarterly sales performance in over three years, showcasing significant growth in various segments. The Detroit automaker’s second-quarter sales reached 696,086 units, marking a 0.6% increase from the previous year and the highest number of units sold since the fourth quarter of 2020. Notably, the sales of General Motors’ all-electric
The real estate market in Manhattan is experiencing a significant shift, with apartment prices on the decline and inventory on the rise. Reports indicate that the average sales price for real estate in Manhattan has fallen by 3% to slightly over $2 million. Additionally, the median price decreased by 2% to $1.2 million, while luxury
Boeing recently announced its decision to buy back Spirit AeroSystems in an all-stock deal, with the intention of enhancing safety and quality control within the company. The deal involves Boeing paying $37.25 a share in its own stock for Spirit, resulting in an equity value of $4.7 billion. This move comes after a series of
In a time where the film industry is facing a content shortage and audiences are becoming more selective, Fathom Events is making waves with its record-breaking revenue and innovative content offerings. For over two decades, this joint venture between AMC, Regal, and Cinemark has been a pioneer in bringing alternative content to the big screen,
The U.S. Track & Field Olympic Trials have been witnessing a different breed of athletes this year – unsponsored ones. These 35 athletes are part of Bandit Running’s Unsponsored Project, where they defy the traditional sponsorship model by donning all-black, logo-less gear. This initiative challenges the norm where athletes are expected to promote major brands
NASA and Boeing have decided to further extend the first crewed flight of Boeing’s Starliner capsule, named “Calypso,” at the International Space Station. The decision was made to conduct additional testing on the ground, without setting a new target date for the capsule’s return. This decision comes after the planned nine-day mission has already extended
The rise of Chinese automakers in the global automotive market is projected to be significant, with forecasts suggesting that these brands will hold a 33% market share by 2030. This marks a substantial increase from the 21% market share they are expected to have this year. The growth of Chinese automakers is not limited to
The Biden administration recently announced that it will be imposing inflation penalties on 64 prescription drugs for the third quarter of this year. This move is aimed at lowering costs for certain older Americans who are enrolled in Medicare. President Joe Biden has been vocal about his focus on reducing drug prices in the United