The European Commission recently sent a warning to X Corp. owner Elon Musk and CEO Linda Yaccarino. The commission expressed concerns over the spread of illegal content, including incitements to violence and hate speech, on X’s social media platform. This warning could potentially lead to penalties and restrictions being imposed on the company in Europe.
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JetBlue experienced a significant 13% drop in shares midday after announcing plans to sell $400 million of five-year convertible senior notes. This decision raised concerns among investors about the company’s financial stability and future growth prospects. It remains to be seen how JetBlue will navigate this challenging situation and regain investor confidence in the coming
In recent news, Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has filed for Chapter 11 bankruptcy protection. This move comes amidst a wave of fitness chains seeking bankruptcy post-pandemic, including well-known companies like New York Sports Club, 24 Hour Fitness, and Gold’s Gym. With over 100 centers spread across
The topic of eliminating taxes on tips for service workers has been making headlines recently, with both Vice President Kamala Harris and former President Donald Trump expressing their support for this policy change. This move is seen as a way to appeal to service workers, a crucial voting bloc in states like Nevada. However, the
At the recent D23 Disney fan event, Walt Disney unveiled plans for a new ‘Avatar’ experience at its Disney California Adventure theme park. This new attraction will be based on the upcoming film, “Avatar: The Way of Water,” the second installment in the popular science fiction franchise. Along with this, a show highlighting the life
Disney has once again solidified its position as a powerhouse in the entertainment industry, with the success of films like “Inside Out 2” and “Deadpool & Wolverine.” This comes after the company faced challenges and setbacks, including losing its status as the highest-grossing studio in 2023. However, with the recent box office hits, Disney has
Automaker Stellantis is set to indefinitely lay off up to 2,450 U.S. factory workers as part of their plans to discontinue production of an older version of the Ram 1500 pickup truck at the Warren Truck Assembly Plant in Michigan. This particular truck has been known for its affordability and has catered to entry-level buyers
In the premarket trading, the stock of Taiwan Semiconductor rose about 1% due to the reported strong July revenue, which represented an increase of nearly 45% year-over-year. This indicates positive performance and growth for the company. The Trade Desk Shares of The Trade Desk gained nearly 4% after beating analyst second-quarter estimates and raising its
Delta Air Lines recently announced that the CrowdStrike outage and subsequent mass flight cancellations in the past month resulted in a staggering cost of approximately $550 million. The financial implications of this included a $380 million reduction in revenue for the current quarter. This loss was primarily due to refunding customers for canceled flights and
E.l.f. Beauty’s recent quarterly performance has been impressive, with a 50% gain in sales in its fiscal first quarter. This comes after a remarkable 76% jump in the year-ago period. However, the company’s post-earnings conference call hinted at potential challenges ahead, as they anticipate higher container and transportation costs in FY25. Despite a 3.4% rise
Eli Lilly’s stock soared by 8% after surpassing second-quarter earnings and revenue expectations. The firm raised its full-year revenue outlook by $3 billion, driven by strong sales of key products such as Mounjaro and Zepbound. This indicates a positive trend for the company and reflects investor confidence in its performance. Under Armour witnessed a 19%
Travel companies such as Airbnb and Marriott International are bracing for a slowdown in leisure travel as U.S. consumers delay booking vacations amidst economic uncertainty. This shift in consumer behavior can be attributed to several factors that are impacting the travel industry. Impact on Industry Bottom Line The decrease in demand for leisure travel is
Apple is considering charging its users up to $20 for access to advanced artificial intelligence features. The company plans to introduce its Apple Intelligence system later this year, with enhanced Siri voice assistant capabilities and the ability to automatically generate emails and images. Although these features will be gradually rolled out, users in certain regions,
The narrative surrounding Disney’s media business has taken a surprising turn in recent times. While previously the focus was on how streaming losses and other factors were dragging down the company, the second-quarter results have shown a different story. Disney’s combined streaming services – Disney+, Hulu, and ESPN+ – have turned a profit for the