Boeing’s 90-day deadline to submit a safety plan to the FAA has arrived. Here’s what to expect. A Crucial Meeting Boeing CEO Dave Calhoun and other top company leaders are scheduled to meet with the Federal Aviation Administration (FAA) on Thursday to…
Samsung Electronics, South Korea’s tech giant, is facing its first-ever strike as negotiations over pay and bonuses have reached a stalemate. The Nationwide Samsung Electronics Union (NSEU), representing approximately 28,000 workers, has announced a one-day strike scheduled for June 7. This walkout…
Off-price retailers such as TJX Companies and Ross are thriving and gaining market share from their competitors. Despite the economic challenges, these retailers are not slowing down, thanks to a blend of consumer trends and strategic advantages. A Shift in Shopping Preferences…
China has announced a significant injection of $47.5 billion into its semiconductor industry, marking a decisive move in its bid to assert dominance in advanced technologies. The investment comes at a crucial juncture as the United States intensifies restrictions on chip exports…
The advertising landscape is undergoing a significant transformation. As traditional television viewership declines and streaming services rise, advertisers are increasingly turning to retail media networks like Amazon, Walmart, and Kroger to reach consumers directly at points of sale. The Shift from TV…
Live Nation, the parent company of Ticketmaster, finds itself at the center of a groundbreaking legal battle as the US government and 30 state and district attorneys general file an antitrust lawsuit against the entertainment giant. The lawsuit, filed in New York,…
Moderna announced that the Food and Drug Administration (FDA) has delayed the approval of its vaccine for respiratory syncytial virus (RSV) to the end of May due to “administrative constraints” at the agency. Investors are closely watching this approval as it could…
In a recent turn of events, Hollywood actress Scarlett Johansson has voiced her shock and discontent over a synthetic voice released with an update to OpenAI’s ChatGPT, finding it strikingly similar to her own. The statement, shared with CNN, highlights Johansson’s disbelief…
Federal authorities have charged Fat Brands and its chair, Andy Wiederhorn, with orchestrating a fraudulent scheme involving $47 million in sham loans. This news led to a significant drop in the company’s stock, which closed down 27% on Friday and left the…
Arup, the renowned British engineering giant responsible for iconic structures like the Sydney Opera House and Beijing’s Bird’s Nest stadium, has fallen prey to a sophisticated deepfake scam, resulting in a staggering loss of $25 million. The incident, which unfolded in Hong…