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
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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,
The entertainment industry has seen a shift in audience preferences and box office performance in recent years. While many theaters struggle to attract audiences and generate revenue, Fathom Events has emerged as a powerhouse in the industry. Despite the challenges faced by traditional cinema, Fathom Events has managed to post record revenue gains and establish
Disney and Pixar’s “Inside Out 2” has recently joined the exclusive billion-dollar club, marking a significant achievement in the world of animated films. With a worldwide tally of $1.014 billion as of Sunday, the movie has not only become the highest-grossing film of 2024 but also the first animated film since “Barbie” by Warner Bros.
In a bold move challenging the traditional sponsorship model for professional athletes, Bandit Running’s Unsponsored Project has brought attention to 35 unsponsored athletes at the U.S. Track & Field Olympic Trials. These athletes are dressed in all-black, logo-less gear provided by Bandit Running, along with short-term endorsement deals. The initiative aims to provide support to
One of the standout trends in food that emerged from the recent Summer Fancy Food Show is the resurgence of honey as a prominent flavor in various food and beverage products. While honey has been a staple in human diets for thousands of years, it is now being featured in innovative ways by food and
Nike CEO John Donahoe is currently facing a challenging time as Wall Street’s confidence in him and the company is starting to dwindle. Nike has recently issued a warning about the expected decline in sales in the current quarter, projecting a drop of 10%, which is significantly worse than the 3.2% decline predicted by LSEG.
The cost of prescription medications in the United States has seen a significant 37% increase since 2014, outpacing the rate of inflation by a wide margin. This surge in prices has led to heightened out-of-pocket expenses for consumers, with the average American now spending $16.26 per prescription. The rise in costs is especially burdensome for
The automotive industry is undergoing a significant transformation as Chinese automakers are poised to rapidly expand their presence in the global market. According to a new report by AlixPartners, these automakers are expected to achieve a 33% market share by 2030, a substantial increase from the forecasted 21% for this year. The growth is anticipated
The Biden administration recently announced its plan to implement inflation penalties on 64 prescription drugs for the third quarter of this year, aimed at reducing costs for older Americans enrolled in Medicare. This move is part of President Joe Biden’s broader agenda to lower U.S. drug prices, particularly for Medicare beneficiaries over the age of