In a time where the entertainment industry is facing challenges in attracting audiences, Fathom Events stands out by posting record revenue gains. Established as a collaboration between AMC, Regal, and Cinemark, Fathom Events has been bringing alternative content to the big screen for over 20 years. From classic Hollywood titles to live telecasts of theater,
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The presence of 35 unsponsored athletes at the U.S. Track & Field Olympic Trials this year is turning heads. These athletes, decked out in all-black, logo-less gear, are being supported by Bandit Running’s Unsponsored Project. This initiative challenges the traditional sponsorship model for professional athletes and aims to uplift up-and-coming competitors. Instead of unsponsored athletes
The food industry is constantly evolving, with new trends emerging each year. At the Summer Fancy Food Show, hosted by the Specialty Food Association, hundreds of companies showcase their latest products and flavors. This year, some of the standout trends include a renewed focus on ancient ingredients like honey, as well as a growing interest
NASA and Boeing have jointly announced the further extension of the first Starliner crewed flight, with no new target date set for the return of the capsule to Earth. The Starliner capsule named “Calypso” will continue its stay at the International Space Station for the foreseeable future, as Boeing and NASA undertake new testing on
Nike CEO John Donahoe’s leadership abilities are being called into question as Wall Street’s confidence in him wavers. After a lackluster fiscal year, Nike warned that sales in the current quarter were projected to decline by a striking 10%, compared to the 3.2% drop initially forecasted. Furthermore, the company anticipates a mid-single-digit decrease in fiscal
The cost of prescription medications in the United States has been steadily rising, with a staggering 37% increase since 2014. This rise in prices has far exceeded the rate of inflation, leading to higher out-of-pocket expenses for consumers. The average American now spends $16.26 out of pocket per prescription, according to data from GoodRx. This
The forecast for Chinese automakers to achieve 33% of the global automotive market share by 2030 highlights the rapid expansion expected to occur outside of their home country. This growth, which is projected to come from a forecast 21% market share this year, is anticipated to be largely driven by sales in markets outside of
The Biden administration recently announced its intention to impose inflation penalties on 64 prescription drugs for the third quarter of this year. This move is aimed at lowering costs for certain older Americans enrolled in Medicare and is part of President Joe Biden’s efforts to tackle the issue of high drug prices in the United
Morgan Stanley has recently made strides in incorporating artificial intelligence into its financial advisory services with the introduction of its new AI assistant named Debrief. This assistant is designed to streamline the work of the bank’s financial advisors by automating tasks that would typically take up thousands of hours of labor. Debrief keeps detailed records
FedEx experienced a significant increase in shares, with a rise of over 15% after the company’s latest earnings report surpassed analysts’ expectations. Key figures included adjusted earnings per share of $5.41 compared to an expected $5.35, and revenue of $22.11 billion versus a projected $22.07 billion. These results reflect a positive trend for the company,