With the semiconductor industry experiencing a surge in demand and increased funding from governmental acts like the CHIPS and Science Act, the competition for skilled workers has intensified. Studies suggest that by 2030, the U.S. chips industry could be facing a shortage of 67,000 technicians, computer scientists, and engineers, with the broader U.S. economy potentially
Business
The acquisition of Neiman Marcus Group by HBC, the parent company of Saks Fifth Avenue, for $2.65 billion has been announced. This merger will bring together two iconic luxury retailers and create Saks Global, which will encompass Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman. The CEO of HBC, Richard Baker, expressed
The landscape of sports ownership is evolving, especially in women’s soccer, as private equity firms are now taking a significant interest in major leagues. While leagues like MLS, NBA, MLB, and NHL have allowed passive investment from private equity investors, the National Women’s Soccer League (NWSL) stands out by permitting these firms to take majority
In a surprising turn of events, Patrick Bertoletti emerged victorious in this year’s Nathan’s Hot Dog Eating Contest, dethroning the long-reigning champion, Joey Chestnut. Bertoletti, a 39-year-old competitor from Illinois, devoured an impressive 58 hot dogs in a mere 10-minute time span, clinching the prestigious Mustard Yellow Belt in the men’s category. On the women’s
Ford experienced a 1% increase in sales during the second quarter of the year compared to the same period last year. The key driver of this growth was a 5% increase in truck sales. The total truck sales, including pickups and vans, reached an impressive 308,920 vehicles, marking the company’s best second-quarter performance in this
Bad weather is often cited as a common reason for flight delays. However, the reality is that a thunderstorm hundreds of miles away can still disrupt flights even in clear and sunny conditions. The Federal Aviation Administration may issue ground stops to prevent traffic from departing for a specific airport to prevent facilities from becoming
A recent development in the media industry has caught the attention of many as media mogul Barry Diller, through his company IAC, is considering acquiring National Amusements Inc. which is owned by Shari Redstone. This move, if materialized, could potentially give IAC a controlling stake in Paramount. The news of Diller’s interest comes after National
The Florida Panthers, the National Hockey League Stanley Cup champions, have made a significant move by signing a new multiyear broadcasting deal with E.W. Scripps. This deal marks a departure from their previous home on cable TV regional sports network and highlights a shift towards local broadcast networks in the sporting world. As more consumers
General Motors has reported its best quarterly sales in over three years, showcasing significant increases in both full-size pickup trucks and electric vehicles. The Detroit-based automaker revealed that in the second quarter, sales reached 696,086 units, marking a 0.6% increase from the same period last year. This is the highest number of units sold by
Boeing recently made a significant announcement that it plans to acquire Spirit AeroSystems, the struggling fuselage maker, in an all-stock deal. This decision comes after a series of setbacks for Boeing, including a fuselage panel blowing out midair from a nearly new Boeing 737 Max 9, causing a fresh crisis for the company. This move,