Boeing, the embattled aerospace giant, is undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. Along with Calhoun, Chairman of the board Larry Kellner is also resigning and will not stand for reelection at Boeing’s annual meeting in May. These changes are part of a broader
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IFC’s Late Night With The Devil has exceeded all expectations with its distributor’s largest opening weekend to date, bringing in an estimated $2.8+ million across 1,043 screens. This impressive performance has solidified Late Night as the sixth highest-grossing film at the domestic box office. Prior to this weekend, the distributor’s top opening films included Watcher,
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In the current market environment, where geopolitical tensions and the impending U.S. presidential election can cause volatility, investors are seeking stability in their portfolios. One way to achieve this is by considering high-quality dividend stocks with a track record of steady income payments. Analysts conduct in-depth research into companies’ fundamentals to assess their ability to
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China’s economic policies are at a crossroads, according to the International Monetary Fund’s Managing Director Kristalina Georgieva. In a meeting with senior Chinese officials and global company executives, Georgieva emphasized the need for China to “reinvent itself” in order to address the property market crisis, boost domestic consumption, and enhance productivity. This call for reinvention
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China has recently introduced new guidelines aimed at phasing out U.S. microprocessors from Intel and AMD in government personal computers and servers, as reported by the Financial Times. Additionally, the procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favor of domestic options. Government agencies above the township level
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The recent trend among investment analysts is to upgrade U.S.-listed Chinese stocks to buy, signaling a positive outlook for these companies. This comes as many Chinese firms are releasing their earnings for the last quarter of 2023 and the full year. While there is skepticism about China’s ability to meet its growth target for 2024
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In a recent interview with the Financial Times, activist investor Nelson Peltz criticized Disney for focusing too heavily on movies with female and Black actors. Peltz argued that Disney’s films have become more about delivering a message rather than quality storytelling. Specifically, he took issue with films like “The Marvels” and “Black Panther,” questioning the
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After a prolonged period of drought in the tech IPO market on Wall Street, this week marked a significant breakthrough with the market debuts of Reddit and Astera Labs. These two companies, although operating in different sectors of the technology industry, were the first prominent venture-backed tech firms to go public in the U.S. since
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