Recently, Mercedes-Benz workers in Alabama made a decision that is sure to have long-lasting effects on union representation in the workplace. The National Labor Relations Board announced that the workers had voted against union representation by the United Auto Workers (UAW). This decision dealt a significant blow to the UAW’s efforts to organize the workers
John Krasinski’s latest film, IF, had a promising start in Thursday night previews, raking in an impressive $1.75M. The movie, which is a live-action PG-rated feature, faced challenges in terms of comparisons due to the lack of recent similar releases. However, industry experts are predicting a strong opening weekend with estimates around $40M. It is
The recent news of Tesla cutting another approximately 600 employees as part of its ongoing restructuring is creating shockwaves across its manufacturing facilities and engineering offices. This latest round of layoffs spanned from entry-level positions to directors, impacting a diverse range of departments including factory workers, software developers, and robotics engineers. The company has been
GameStop made headlines today as its shares dropped over 20% following the announcement that it plans to sell 45 million common shares of its stock. In addition, the company posted preliminary results indicating a sales decline in the first quarter. This news has raised concerns among investors about the future prospects of the video game
The Bank of Canada is considering the possibility of cutting interest rates three times before the Federal Reserve makes its first move. This decision comes as the Canadian dollar weakens against the U.S. dollar, raising concerns about the impact on the inflation outlook. Analysts predict that the BoC may begin rate cuts in June or
The Dow Jones Industrial Average has hit a historic milestone, breaching the 40,000 mark for the first time. This achievement comes on the back of investor optimism surrounding the potential impact of artificial intelligence on corporate profits and the possibility of the Federal Reserve cutting rates due to easing inflation pressures. The Dow’s climb to
Imax is gearing up for its most extensive “filmed for Imax” slate in 2025, with a lineup that includes at least 14 titles currently in production using Imax film or Imax-certified digital cameras. This marks a significant increase compared to previous years, showcasing the growing trend of filmmakers and studios opting to create content specifically
Walmart, one of the largest discount retailers in the United States, reported better-than-expected quarterly earnings and revenue results. The company’s success can be attributed to its significant gains in e-commerce, profitability from newer ventures like advertising, and the ability to attract high-income shoppers. Chief Financial Officer John David Rainey revealed that Walmart’s grocery business has
Meta, the parent company of Facebook, is currently under investigation by the European Union for potential breaches of the bloc’s strict online content law regarding child safety risks. The EU’s executive body, the European Commission, has raised concerns about whether Meta’s platforms, including Facebook and Instagram, may be contributing to behavioral addictions in children and
Wells Fargo analysts predict that the US Federal Reserve will not take aggressive action on interest rates in the near future. While rate cuts are expected this year, they believe that the “higher for longer” rate mentality would have been a major obstacle for stocks in the past. Market participants are relying on the ideas