NASA and Boeing recently announced the further extension of the first Starliner crewed flight, with the capsule named “Calypso” remaining at the International Space Station into next month. This decision comes as the organizations are conducting new testing back on the ground to gather more data about the spacecraft’s performance. The crewed flight test, which
Business
The CEO of Nike, John Donahoe, is currently facing a crisis of confidence on Wall Street. After delivering a lackluster fiscal year, Nike announced that sales in the current quarter were projected to decline by 10%. This dismal outlook was far worse than the 3.2% drop that LSEG had anticipated. With the slowest annual sales
The cost of prescription medications in the U.S. has been steadily increasing over the past few years, far outpacing the rate of inflation. Data from drug savings company GoodRx shows that prices have risen by 37% since 2014. This surge in prices is leading to higher out-of-pocket expenses for consumers, with the average American now
Chinese automakers are on track to capture a significant portion of the global automotive market share by 2030, with estimates suggesting they could reach 33% of the market. This growth is expected to come primarily from markets outside of China, where sales are forecasted to triple from 3 million vehicles in 2021 to 9 million
President Joe Biden has made it clear that lowering U.S. drug prices is a top priority in both his health-care agenda and his reelection platform for 2024. This move is crucial in ensuring that older Americans enrolled in Medicare are able to access the medications they need without facing exorbitant costs. The Biden administration is
Morgan Stanley’s latest venture into artificial intelligence with the introduction of their new assistant, Debrief, is an intriguing development that holds the promise of revolutionizing the workflow of the bank’s financial advisors. Expected to streamline thousands of hours of labor, Debrief utilizes generative AI to keep meticulous logs of advisors’ meetings, automatically creating draft emails
FedEx’s shares saw a significant increase of over 15% in after-hours trading following the release of its fiscal fourth-quarter results. The company exceeded analysts’ expectations in both earnings and revenue. Specifically, the earnings per share came in at $5.41, adjusted, compared to the estimated $5.35. Additionally, revenue for the quarter reached $22.11 billion, slightly surpassing
U.S. auto sales are projected to increase by 2.9% in the first half of 2023 compared to the previous year. However, there are growing concerns within the industry that this momentum may not be sustainable through the remainder of the year. Factors such as increasing vehicle inventory levels, rising incentives, and uncertainties surrounding the economy,
Target’s recent decision to partner with Shopify in order to add new and trendier brands to its website has raised eyebrows in the retail industry. This strategy, which involves companies that work with Shopify applying to join Target Plus, the retailer’s third-party marketplace, has the potential to reshape Target’s online presence. However, a critical analysis
The housing market is currently facing a crisis, with sales of previously owned homes plummeting to a 30-year low. In May, existing home sales barely moved, dropping by 0.7% from April to a seasonally adjusted annual rate of 4.11 million units. This decline is a concerning trend that needs to be addressed immediately. Reasons for