Southwest Airlines has announced that executive chairman and former CEO Gary Kelly will retire next year, signaling a significant shift in leadership for the company. Kelly, who has been with Southwest for almost four decades, will be stepping down at a crucial time for the airline as it faces pressure for changes by activist investor
industry
The U.K. technology industry is facing a significant challenge when it comes to commercializing technology businesses on a global scale. Warren East, former CEO of Arm, highlighted the critical need for a mindset shift within the investor community to ensure that the U.K. can compete effectively on the world stage. There have been criticisms about
The ongoing trial in Alexandria, Virginia has brought to light the extent of Google’s control over online advertising technology. Prosecutors have accused Google of using monopolistic tactics to stifle competition and maintain its stronghold in the market. According to the Justice Department prosecutor, Google has systematically eliminated competitors through acquisitions, locked customers into using its
Discount home goods retailer Big Lots recently filed for bankruptcy protection due to a combination of high interest rates and a sluggish housing market. The company, known for its low-priced furniture and decor, agreed to sell its business to private equity firm Nexus Capital Management for approximately $760 million. This deal includes $2.5 million in
Northvolt, a prominent battery producer for Europe’s electric vehicle industry, has recently announced a series of strategic decisions that have sent shockwaves through the industry. These decisions include job cuts, site closures, and discussions with partners and investors to secure the future of a facility in Poland. The company, based in Stockholm, Sweden, is known
Columbia Pictures’ Venom: The Last Dance is set to hit theaters in China on October 23, just two days before its domestic release on October 25. This strategic move aims to maximize the film’s global box office potential, especially considering China’s significant contribution to the success of the first Venom installment in 2018. The original
Alimentation Couche-Tard, a Canadian retailer, has expressed its willingness to engage in confidential discussions with Japanese retail giant Seven & i Holdings regarding its $38.5 billion takeover offer. This offer has sparked interest in the stock market, with Seven & i shares rising by 3% in early Tokyo trading. However, Seven & i has raised
Casa Bonita Mi Amor!, a documentary featuring Trey Parker and Matt Stone, stood out in the Denver market with its impressive performance at the box office. Despite being screened in only one theater, the film managed to attract a large audience and generate significant revenue. The Alamo Denver, one of the theaters showing the film,
In 2024, exchange-traded fund (ETF) inflows have hit record highs, with managers anticipating a potential impact from the booming money market fund industry. The influx of over $6 trillion into money market funds has raised concerns and possibilities for the market, according to Nate Geraci, president of The ETF Store. This surge in assets comes
Space exploration has always been fraught with challenges, from the vast distances involved to the extreme conditions of outer space. One of the lesser-known but critical issues that has plagued spacecraft and rockets is the problem of helium leaks. Recent incidents involving NASA’s Starliner and SpaceX’s Polaris missions have once again brought this issue to
In a bold move to revolutionize the gaming industry, Roblox recently announced that select game developers on its platform will now have the option to charge users real money for playing games, moving away from the reliance on the platform’s digital currency, Robux. This strategic shift is specifically applicable to Paid Access games, where users
The long-awaited sequel to the iconic Beetlejuice movie has exceeded expectations in its Wednesday and Thursday night previews, raking in an impressive $12M. While it may not be an exact comparison, this preview revenue is not far from the $13.5M earned by the 2017 horror film It, which went on to break records with a
The proposed $14.9 billion takeover of U.S. Steel by Nippon Steel has raised concerns about potential national security risks. The Committee on Foreign Investment in the U.S. (CFIUS) highlighted in a letter sent to the companies that the deal could result in a reduction in domestic steel production capacity. This reduction could lead to supply
As we delve into the world of stock trading and investment trends, it is crucial to observe the performance of different companies and sectors. One such example is Broadcom, a tech giant that has been making waves in the industry. With a significant presence in the VanEck Semiconductor ETF (SMH), Broadcom holds the title of