Byron Allen, a prominent media mogul known for his interest in purchasing major media assets, has been under fire for consistently making late payments to network owners. This behavior has not only angered his media allies but has also put a strain on potential deal partnerships. The implications of these delayed payments have raised concerns
Zeekr, a Chinese electric car brand, has recently unveiled new batteries that are said to have the fastest charging capabilities in the world. This breakthrough in technology aims to address the long-standing concerns of consumers regarding battery range and charging convenience. The new batteries from Zeekr can go from a 10% to an 80% charge
The recent second-quarter earnings report from Flutter has caused quite a stir in the sports betting industry. The decision by FanDuel not to add a surcharge to offset an Illinois tax hike has sparked a debate among investors and analysts. This move has had a ripple effect on other companies in the industry, particularly rival
The groundbreaking collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has shattered records and redefined success in the film industry. With a staggering $1.085 billion in global box office earnings, the film has become the highest-grossing R-rated title of all time, surpassing even the iconic “Joker.” This unprecedented achievement not
Tencent’s second-quarter results have surpassed analyst expectations, with revenue reaching 161.12 billion Chinese yuan ($22.5 billion) compared to the anticipated 160.77 billion yuan. Additionally, profit attributable to equity holders of the company climbed to 47.63 billion Chinese yuan, exceeding the 39.95 billion yuan forecast. This showcases a remarkable 8% year-on-year increase in revenue and an
The upcoming fourth-quarter earnings report holds high expectations for Palo Alto Networks as investors anticipate positive results. The company’s shift to a new sales strategy called “platformization” has caused short-term pain in exchange for anticipated long-term gains. By moving towards bundling products and services, Palo Alto is aiming to become a one-stop shop for cybersecurity
United Auto Workers President Shawn Fain recently released a video criticizing Stellantis CEO Carlos Tavares, accusing him of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. Fain’s comments in the video highlight a growing tension between the CEO and the union leader in the aftermath of contentious
Vice President Kamala Harris recently announced an economic plan that includes an expanded child tax credit of up to $6,000 for families with newborn children. This proposal aims to build on the previous child tax credit enacted through the American Rescue Plan in 2021. Harris’ plan would provide up to $6,000 in total tax relief
The demand for power from data centers is expected to triple by 2030, driven by the rapid scaling up of artificial intelligence technology. This growth is projected to lead to an explosion in the use of renewable energy and natural gas, according to a recent report by Mizuho Securities. By the end of the decade,
Private jet flights have seen a substantial decrease of 15% in the first half of this year compared to the peak in 2022. The once-thriving industry is now facing challenges due to diminishing demand and a changing landscape in high-end travel. Despite a temporary surge during the Summer Olympics, where there were a record number