The latest data from the U.S. Department of Labor indicates a positive trend in inflation rates, with the consumer price index rising by 2.9% in July compared to the previous year. This represents a decrease from the 3% recorded in June and marks the lowest reading since March 2021. The consumer price index tracks changes
The recent second-quarter earnings report from Flutter revealed impressive growth in revenue, driven largely by the success of its FanDuel betting platform. This positive news caused a surge in investor interest, with shares rising approximately 8% following the announcement. One of the key highlights of the report was Flutter’s decision not to impose a surcharge
Zeekr, a Chinese electric car brand, has recently unveiled groundbreaking new batteries that claim to have the fastest charging capabilities in the world. This innovation is set to address the long-standing concerns of consumers regarding the driving range of electric vehicles and the ease of recharging them. With the introduction of these new batteries, Zeekr
Recently, a U.S. judge made the decision to temporarily block media companies such as Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu. This ruling comes in response to a lawsuit filed by Fubo TV, raising concerns over anticompetitive behavior and potential impacts on existing companies in the sports streaming industry.
SpaceX is gearing up for its next groundbreaking private mission at the end of the month, with plans to attempt something that has never been done before. The Polaris Dawn mission marks the first in a series of three flights purchased by billionaire Jared Isaacman from SpaceX. This initiative, known as the Polaris Program, aims
Broadcast stations owned by media mogul Byron Allen have been facing criticism for consistently making late payments to network owners. According to sources, Allen Media Group’s stations have been as much as 90 days past due on payments to networks like ABC, CBS, and NBC, totaling tens of millions of dollars throughout the year. This
The recent collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy has proven to be a massive success for Disney and Marvel. The film “Deadpool & Wolverine” has shattered records as the highest-grossing R-rated title of all time, surpassing the previous record-holder, “Joker.” With a staggering $1.085 billion in global box office revenue, this film
Tencent, the Chinese tech giant, recently reported its financial results for the second quarter, surpassing both revenue and profit expectations. The company’s revenue stood at 161.12 billion Chinese yuan, exceeding the LSEG consensus estimate of 160.77 billion yuan. Similarly, the profit attributable to equity holders of the company was 47.63 billion Chinese yuan, beating the
United Auto Workers President Shawn Fain has recently come out with strong criticism of Stellantis CEO Carlos Tavares, accusing him of price gouging consumers and failing to meet certain obligations outlined in the union’s labor contract with the automaker. This public criticism comes in the wake of a tumultuous period of collective bargaining talks between
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 aims to restore the higher child tax credit that was enacted through the American Rescue Plan in 2021, providing significant financial support to families