NASA and Boeing have announced an extension to the first Starliner crewed flight, but without setting a new target date for the capsule’s return to Earth. Boeing’s Starliner capsule, named “Calypso,” will remain at the International Space Station for additional testing on the ground, delaying its return. Despite initial plans for the Starliner to be
Business
The automotive industry is witnessing a significant shift as Chinese automakers are projected to aggressively expand their presence outside of China. According to a recent report by AlixPartners, Chinese automakers are expected to achieve a staggering 33% of the global automotive market share by the year 2030. This growth is a substantial increase from the
Southwest Airlines shares took a hit in premarket trading, dropping approximately 4% following the carrier’s revised second-quarter revenue forecast. The airline cited changing booking patterns as the reason for the adjustment, leading to a significant decline in expected revenue per available seat mile compared to the previous estimate. Financial Outlook for the Second Quarter The
The U.S. auto industry has seen a modest increase of 2.9% in sales during the first half of the year, but there are concerns about maintaining this momentum in the last six months. Factors such as growing vehicle inventory levels, increasing incentives, and overall economic uncertainty are contributing to the potential slowdown in sales growth.
Target, a Minneapolis-based retailer, is looking to revamp its online marketplace by teaming up with Shopify. This new collaboration between the two companies aims to introduce a variety of new and trendy brands to Target’s website, creating a more diverse and appealing shopping experience for consumers. The Partnership between Target and Shopify Target has recently
The housing market is currently facing challenges, with sales of previously owned homes at a 30-year low. In May, sales remained stagnant, with a slight decrease of 0.7% from April. The average price of homes reached a new record high, adding to the existing struggle for potential buyers. Mortgage rates, which are still high, are
Gilead Sciences recently announced that its experimental twice-yearly medicine to prevent HIV has shown 100% effectiveness in a late-stage trial. This breakthrough has sparked hope in the fight against HIV and has the potential to revolutionize HIV prevention strategies. The study involved approximately 2,000 women who received Gilead’s shot lenacapavir, and none of them contracted
Family films have been a missing piece at the box office in recent years. While a few kid-friendly hits have managed to boost ticket sales, the overall landscape has been lackluster in terms of family entertainment. However, a recent resurgence in family-friendly movies has injected new life into the box office, giving hope to movie
The recent bankruptcy filing of Fisker, an all-electric vehicle startup, sheds light on the challenges faced by companies in the EV industry. With lackluster consumer demand, significant cash burn, operational issues, and product hiccups, Fisker has become the latest casualty in a string of EV company collapses. Fisker’s downfall can be attributed to a combination
Senator Elizabeth Warren has accused Federal Reserve Chair Jerome Powell of prioritizing the interests of the financial industry over the well-being of the economy. She claims that Powell is advocating for changes to the Basel III Endgame regulations that would significantly reduce the capital requirements for large American banks. Warren expressed her disappointment in Powell’s
