Byron Allen, the media mogul known for his interest in acquiring various media assets, has been in the spotlight for consistently making late payments to network owners, causing frustration among his media allies. The media group owned by Allen has been reported to be as much as 90 days past due on payments to major
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In a bold move to revolutionize the electric car market, Chinese brand Zeekr has unveiled new batteries that claim to have the fastest charge in the world. The company aims to address the long-standing concerns of consumers regarding battery driving range and charging convenience. With Zeekr’s new batteries, a remarkable feat is achieved as they
SpaceX is gearing up to launch the Polaris Dawn mission, marking a significant milestone in private space travel. This groundbreaking mission, part of billionaire Jared Isaacman’s Polaris Program, is set to take place at the end of the month and will feature the first-ever spacewalk attempted by a private venture. One of the most remarkable
The recent earnings reports from Flutter and DraftKings have sparked a debate in the gambling industry, particularly regarding the decision to impose a tax surcharge on customers in states with high tax rates on sports betting. While Flutter decided against adding a surcharge, DraftKings initially announced plans to do so but later reversed course due
Recently, a U.S judge granted a temporary injunction against media giants Disney, Warner Bros Discovery, and Fox, preventing them from launching their highly anticipated sports streaming service, Venu. This decision came in response to a lawsuit filed by Fubo TV, claiming that the introduction of Venu would be anticompetitive and disrupt their business model. Fubo
Tencent exceeded both revenue and profit expectations in the second quarter, with revenue reaching 161.12 billion Chinese yuan and profit attributable to equity holders at 47.63 billion Chinese yuan. This marks an 8% year-on-year increase in revenue and a significant 82% rise in profit. After experiencing a decline in annual revenue in 2022, Tencent has
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has completely redefined the potential for success of R-rated films in the industry. Surpassing Warner Bros.’ “Joker” as the highest-grossing R-rated title of all time, this Disney and Marvel film has impressively earned a total of $1.085 billion globally, with $516.8
In a recent video posted online, United Auto Workers President Shawn Fain didn’t hold back in his criticism of Stellantis CEO Carlos Tavares. Fain accused Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. This marks the latest development in an ongoing feud between the CEO
Palo Alto Networks stock has been performing well leading up to the fourth-quarter earnings report, with a significant increase of 17% since August 5th. This outperforms the S&P 500, which has only seen a gain of around 7% during the same period. This impressive growth has raised investor expectations for the cybersecurity company, creating anticipation
Vice President Kamala Harris recently unveiled an economic plan that includes an expanded child tax credit worth up to $6,000 in total tax relief for families with newborn children. This proposal is aimed at restoring the higher child tax credit that was enacted through the American Rescue Plan in 2021. The 2021 credit provided a