In midday trading, shares of Paramount Global surged by more than 9% after news broke that Skydance Media had reached a preliminary merger deal with controlling shareholder National Amusements. This development prompted the media and entertainment stock to spike, with Paramount Global’s special committee currently reviewing and voting on the agreement. Meanwhile, the electric vehicle
Recent reports indicate that first-time applications for U.S. unemployment benefits have increased. The number of people on jobless rolls also rose to a 2-1/2 year high towards the end of June, suggesting that the labor market is experiencing a gradual cooling. This ebbing labor market momentum, coupled with decreasing inflation pressures, is likely to prompt
Ford reported a 1% increase in sales during the second quarter, with truck sales leading the way with a 5% gain. This growth in truck sales, which includes pickups and vans, resulted in a total of 308,920 vehicles sold, representing the best second-quarter performance for this category since 2019. Specifically, sales of the F-Series reached
The buzz surrounding Disney/Marvel Studios’ first R-rated movie, Deadpool & Wolverine, is undeniable. With box office tracking services predicting an opening weekend of $160 million-$165 million, it’s clear that audiences are eager for this new chapter in the Marvel Universe. While these projections are certainly impressive, it’s important to note that they may not capture
When faced with delays, passengers often feel frustrated and helpless. United Airlines is taking steps to address this issue by offering more transparency during flight disruptions. By utilizing generative artificial intelligence, the airline has started sending live radar maps to passengers, allowing them to visualize the weather conditions causing delays. This proactive approach not only
The Chinese electric vehicle manufacturer BYD is on the trajectory to surpass Tesla in battery electric vehicle (BEV) sales this year, according to a recent report from Counterpoint Research. The report highlights a significant increase in BYD’s market share in the BEV segment, underlining the dynamic nature of the global EV market. In the second
The impact of a cyber attack on CDK’s Dealer Management Software has significantly affected the second-quarter sales growth of the top U.S. automakers. General Motors, for instance, reported a mere 0.6% rise in new vehicle sales, a stark contrast to the 19% jump experienced last year. This slowdown in sales has been attributed to the
General Motors recently announced their best quarterly sales in over three years, showcasing impressive growth in sales of full-size pickup trucks and all-electric vehicles. The Detroit automaker reported sales of 696,086 units for the second quarter, marking a 0.6% increase from the previous year and the highest quarterly sales since the fourth quarter of 2020.
Passion tourism is a concept that has been gaining momentum as Americans are increasingly traveling abroad to fulfill their personal interests and hobbies. This trend was recently exemplified by the surge in travel to Europe to attend Taylor Swift concerts. The Rao family from Bethesda, Maryland, is one such example, as they planned their summer
The landscape of Manhattan real estate is undergoing a significant transformation, with apartment prices falling and inventory rising in the second quarter of 2024. Reports from Douglas Elliman and Miller Samuel indicate that the average real estate sales price in Manhattan has decreased by 3% to slightly over $2 million. Additionally, the median price has