General Motors recently debuted the redesigned versions of its GMC Terrain crossover, showcasing a new standard “Elevation” model. The compact crossover has been revamped to include a more rugged exterior design, appealing to consumers looking for a versatile and stylish vehicle. In addition to the exterior enhancements, the interior has been upgraded with 26 inches
Business
DirecTV, a company synonymous with satellite dishes perched atop roofs, is making a bold statement with its new ad campaign featuring NFL star Deion Sanders. The focus of the campaign is clear: DirecTV is now a streaming company as well. With the rise of streaming services and the decline of traditional pay TV, DirecTV is
In the competitive world of the restaurant industry, CEOs have recently been fixated on one word in particular: value. This term has been repeatedly emphasized in quarterly conference calls by top executives from companies like McDonald’s, Yum Brands, and Papa John’s. The reason behind this obsession is clear – customers are increasingly conscious of their
Paramount Global recently announced that it will be cutting 15% of its U.S. workforce, amounting to about 2,000 jobs. This decision comes as part of a broader cost-cutting plan in preparation for the upcoming merger with Skydance Media. The company has identified a massive $500 million in cost savings, which includes the headcount reductions. The
Since the merger of Discovery with WarnerMedia in 2022, David Zaslav has faced significant challenges in convincing shareholders of the company’s potential. The shares of Warner Bros. Discovery have plummeted by about 70% since the merger closed, reflecting a lack of investor confidence in Zaslav’s leadership. Financial Struggles Zaslav’s tenure has been marked by drastic
Automaker Stellantis has recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues the production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company shifts focus to its newer models and updates its production lines to align with consumer demands.
Tired of the inconsistent bounce and lack of durability in traditional pickleballs, Life Time’s founder and CEO Bahram Akradi made the bold decision to create a new and improved version of the popular game ball. This move came as a response to the growing popularity of pickleball in America, with Akradi aiming to address the
In a recent securities filing, Delta Air Lines disclosed that last month’s CrowdStrike outage, resulting in mass flight cancellations, cost the company a staggering $550 million. This financial blow included a $380 million revenue hit in the current quarter due to refunding customers for cancelled flights and providing compensation. Additionally, the carrier incurred a $170
JPMorgan Chase CEO Jamie Dimon recently expressed his belief that the chances of a “soft landing” for the U.S. economy are relatively low, stating that there is only a 35% to 40% probability of such an outcome. According to Dimon, the most likely scenario at this point is a recession. When questioned by CNBC’s Leslie
The narrative surrounding Disney’s media business has undergone a significant shift in recent times. While the company has been grappling with streaming losses, declining traditional pay TV business, and box office failures in the past, its latest second-quarter results indicate a positive change. The combined streaming businesses of Disney, including Disney+, Hulu, and ESPN+, have