The recent call for action by U.S. Consumer Product Safety Commission members, Peter Feldman and Douglas Dziak, to investigate the safety practices of foreign-owned e-commerce platforms such as Shein and Temu has sparked concerns about the sale of potentially dangerous baby and toddler products. This move highlights the growing need to scrutinize the safety and
industry
The first weekend of The Roommate, a new play by Jen Silverman, drew in crowds eager to see legends Patti LuPone and Mia Farrow on stage at the Booth Theatre. The play, which explores the dynamics of intimacy between two very different women, had an impressive start with over 100% capacity and a gross of
Tiger 21, a network of ultra-high-net-worth investors and entrepreneurs, recently released a second-quarter asset allocation report that raised eyebrows regarding their investment stance towards chip giant Nvidia. Surprisingly, more than half of Tiger 21’s members have chosen not to invest in Nvidia, citing various reasons for their decision. This article delves into the concerns of
The recent drop in Nvidia’s market value by $279 billion in a single day is indeed a staggering figure. This type of volatility is concerning, especially for investors who are heavily vested in this tech giant. The fact that this is the fifth time Nvidia has experienced such a massive decline is a red flag.
Asia’s semiconductor stocks experienced a significant downturn on Wednesday morning, following Nvidia’s steep decline in the U.S. The U.S. chipmaker, Nvidia, saw its shares plummet more than 9% during regular trading, causing a ripple effect in the semiconductor industry worldwide. This drop in Nvidia’s stock price led to a broader sell-off in semiconductor stocks on
Volkswagen, Europe’s top carmaker, is currently facing mounting price pressure from Asian rivals which may lead the company to considering closing factories in Germany for the first time. This move would mark the first major clash between Chief Executive Oliver Blume and the influential unions at VW. The executive board’s plans have been met with
The rapid advancement of technology has prompted many hotel chains to revolutionize the way guests access their rooms. With the emergence of digital options like Apple Wallet and Google Wallet apps, the traditional plastic room key is quickly becoming obsolete. The shift towards touchless technology has been further accelerated by the onset of the pandemic,
Travel spending among American households has shown a significant increase post-pandemic, with international trips being a key contributor to this trend. According to economists Taylor Bowley and Joe Wadford from the Bank of America Institute, travel spending remains much higher than pre-pandemic levels, with a 10.6% increase per household. This surge in spending is supported
REA Group, a property listings company primarily owned by News Corp, has expressed interest in acquiring Rightmove to create a global real estate entity. This move has caused a surge in Rightmove’s shares, propelling them to their highest level since March 2022. Rightmove, being Britain’s largest property portal, boasts a significant market value and generates
Huawei, the Chinese technology giant, is set to hold a product launch event this month, strategically timed just hours after Apple’s annual iPhone reveal. The event is scheduled to take place on September 10 at 2:30 p.m. Beijing time, which coincides with the late evening of September 9 on the west coast of the U.S.,
Thousands of hotel workers in the United States have begun a multi-day strike in several cities after contract negotiations with major hotel operators Marriott International, Hilton Worldwide, and Hyatt Hotels stalled. The strike, organized by the Unite Here union, involves workers in 24 hotels located in popular travel destinations such as San Francisco, San Diego,
Edgar Wright’s beloved cult classic horror-comedy ‘Shaun of the Dead’ recently had a re-release for its 20th anniversary, grossing an impressive $600k for the 3-day weekend and $720k for the four days. This showing demonstrates the enduring popularity of the film, with fans flocking to see it in Dolby Cinema at 133 AMC theaters for
When it comes to dividend-paying stocks, EPR Properties stands out as a top choice in the real estate investment trust (REIT) sector. EPR focuses on experiential properties such as movie theaters, amusement parks, eat-and-play centers, and ski resorts. This unique niche sets it apart from traditional real estate companies, offering investors exposure to different facets
Airlines in the industry that were once eager to expand their fleets with new aircraft are now facing the reality of cash constraints and the need for saving money to return to profitability. Low-cost and deep-discounter carriers are particularly feeling the pressure as they try to navigate the impacts of engine repairs and the overall