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
industry
John Krasinski's newest film, IF, brought in an impressive $1.75M in Thursday night previews, starting at 4 p.m. This family-friendly feature is rated PG, making it a refreshing change from recent releases. While initial reviews are not glowing, sitting at 51% on Rotten Tomatoes, audience reactions seem to be more positive than expected. Industry experts
Imax is gearing up for its largest “filmed for Imax” slate in 2025, with at least 14 titles currently in production using Imax film or Imax-certified digital cameras. This represents a significant increase from previous years, showcasing the growing interest from Hollywood and international filmmakers in creating content specifically for the Imax platform. Despite Imax
The recent announcement of the European Union launching an investigation into Meta, the parent company of Facebook, has raised critical concerns over the child safety risks associated with its platforms. The European Commission highlighted issues such as the stimulation of behavioral addictions in children and the creation of ‘rabbit-hole effects' on platforms like Facebook and
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
Warren Buffett, the legendary investor, has finally let the cat out of the bag by disclosing his secret stock pick in a recent regulatory filing. The revelation unveiled that Buffett's conglomerate, Berkshire Hathaway, has purchased nearly 26 million shares of the Zurich-based insurer Chubb. This stake is valued at an impressive $6.7 billion, making Chubb
Investing in Western-style denim stocks may provide a boost to your portfolio, according to analysts at TD Cowen. The jean-fabric category has been identified as a strong performer that is expected to maintain its momentum through at least the end of 2024. Among the key players in this trend are Boot Barn, Levi Strauss, and
Amazon has significantly disrupted the digital advertising industry, posing a threat to established incumbents like Meta and Google. The company has been able to attract billions of dollars in advertising revenue each quarter, as brands aim to reach the vast number of consumers that visit the platform on a daily basis. What started as a
Tesla, the renowned electric vehicle company, is currently facing a lawsuit from the nonprofit Environmental Democracy Project. The lawsuit alleges that Tesla has been consistently failing to comply with the Clean Air Act at its assembly plant in Fremont, California. According to the environmental group, Tesla has violated the law hundreds of times since January
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
The sudden surge in meme stocks like GameStop and AMC, with increases of over 65% and 70% respectively, raises concerns about market volatility. The return of “Roaring Kitty” after three years triggered the latest frenzy, showcasing the power of online influencers in driving stock prices. However, the sustainability of these gains remains questionable, as such
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
Microsoft and Amazon have recently announced significant investments in France, with Microsoft committing 4 billion euros and Amazon committing 1.2 billion euros. These investments are aimed at expanding cloud and AI infrastructure, creating jobs, and supporting digital innovation in the country. This article will analyze the implications and impact of these investments on France's technology
Mubi, a streaming service known for its curated selection of independent and international films, has recently made a strategic hire in the form of Mark Boxer as their U.S. Head of Distribution. With decades of experience in the industry, Boxer is set to bring a wealth of knowledge and expertise to the company, particularly as