Boeing made headlines on Monday with the announcement of its plan to buy back Spirit AeroSystems in an all-stock deal. The planemaker claims that this acquisition will lead to improvements in safety and quality control. The deal involves Boeing paying $37.25 a share in Boeing stock for Spirit, resulting in an equity value of $4.7
The Asian stock market saw a mixed performance on Monday as investors grappled with conflicting signals regarding Chinese business activity and uncertainty surrounding U.S. interest rates. The negative close on Wall Street on Friday, coupled with quarter-end profit-taking, led to a subdued market sentiment across the region. Chinese Economic Indicators The Chinese Shanghai Shenzhen CSI
In a climate where the movie industry is struggling to attract audiences and release new content, Fathom Events has managed to surpass all expectations by breaking revenue records. For two decades, this collaboration between AMC, Regal, and Cinemark has been at the forefront of bringing alternative content to the big screen. From classic Hollywood films
Disney/Pixar’s Inside Out 2 has recently achieved a monumental milestone in the world of animated movies. With earnings surpassing the $1 billion mark in just 19 days since its release, the film has set a new record for the fastest animated movie to reach this milestone. Surpassing previous record-holder Frozen 2, which took 25 days
Darden Restaurants (DRI) is a company that operates several popular full-service dining brands, including Olive Garden and LongHorn Steakhouse. Despite mixed results in the fourth quarter of fiscal 2024, Darden has shown resilience in the face of increased competition. The company issued substantial dividends and committed to share repurchases in the same fiscal year. With
An analyst from Rosenblatt downgraded Alphabet stock from Buy to Neutral due to various transitional risks that may hinder the company’s performance. The risks highlighted include the impact of AI on search, potential search share loss to Bing, and the shift of search ad revenue to retail media networks. Moreover, the aggressive entry of Amazon
The U.S. Supreme Court’s conservative majority has made significant rulings this term aimed at curbing federal regulatory authority. This has solidified their crucial role in reducing the power of the “administrative state,” a long-standing objective of business interests and other conservative groups. The court’s decisions have had far-reaching implications, restricting the federal government’s ability to
The Chinese automaker, Geely, has recently garnered overweight rating from Morgan Stanley, signaling a positive outlook amidst macro and industry uncertainties. In the increasingly competitive new energy vehicle market in China, automakers are compelled to lower prices and enhance features to stay afloat. Despite the challenges, Geely is seen as a beneficiary of market consolidation,
The recent snap parliamentary election in France has the potential to bring about significant changes in the political landscape of the country. With President Emmanuel Macron’s centrist alliance facing a crushing defeat in the recent European elections, the far-right National Rally (RN) led by Marine Le Pen is now closer to power than ever before.
China’s manufacturing activity has experienced a decline for the second consecutive month in June, with the National Bureau of Statistics (NBS) purchasing managers’ index (PMI) standing at 49.5. This figure, below the threshold of 50 which separates growth from contraction, has raised concerns about the need for further stimulus to revive the economy. While some