Netflix has announced that it will no longer be sharing its quarterly membership numbers or average revenue per user starting next year. The company stated that it will focus on revenue and operating margin as its primary financial metrics, along with engagement as a proxy for customer satisfaction. This shift in reporting metrics comes as
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The aviation industry has been facing a series of safety issues recently, which have received significant media attention. Despite these challenges, airline executives are reporting no signs of slowing demand for flights. United Airlines and Delta Air Lines have both indicated that they are experiencing record numbers of travelers this summer, with strong demand expected
Republican governors from six states have come out strongly against the United Auto Workers’ (UAW) attempts to organize automotive factories in the South. They argue that unionization efforts could potentially lead to layoffs and decreased future investments in the automotive sector. The joint statement signed by the governors of Alabama, Georgia, Mississippi, South Carolina, Tennessee,
Boeing is facing allegations of taking shortcuts in the production of its 787 Dreamliner and 777 aircraft. However, the company has defended its quality and safety testing procedures, stating that the claims made by whistleblowers are inaccurate. The allegations made by engineer Sam Salehpour about excessive stress on airplane joints were denied by Boeing, which
Despite slow progress in the United States, Hawaii has emerged as a leader in the adoption of all-electric vehicles. According to J.D. Power, Hawaii ranks fifth in overall EV adoption at 11.9% of new retail vehicles sold through February. The state also boasts a high “EV Adoption Score” of 33.8, coming in third behind California
JPMorgan Chase is set to release their first-quarter earnings report before the market opens on Friday. According to expectations from Wall Street analysts, the earnings per share are anticipated to be $4.11, with a revenue of $41.85 billion. Net interest income is expected to reach $23.18 billion, and trading revenue is predicted to be $5.19
As banks gear up to report their quarterly results, the impact of interest rate changes is becoming increasingly evident. The Federal Reserve’s pivot from six rate cuts to potentially just three has shifted the landscape for banks of all sizes. Larger banks are expected to benefit from the “higher for longer” scenario, while smaller banks
Toyota Motor recently unveiled the latest version of its iconic 4Runner SUV after almost 15 years, completing the redesign of its current lineup of trucks and SUVs. The all-new 2025 4Runner boasts a fresh look, new high-end trims, and for the first time, a hybrid engine option. Let’s take a closer look at this highly
General Motors’ Cruise self-driving vehicle unit has announced its plans to redeploy cars on U.S. roadways, marking a significant milestone in the company’s journey towards redemption. This relaunch comes after a period of hiatus following a tragic accident in which a pedestrian was injured. The objective of the new fleet will be to create maps
In the latest update from Spirit Airlines, the company has announced that it will be deferring deliveries of new Airbus planes as part of its strategy to improve liquidity. CEO Ted Christie emphasized the necessity of these steps in ensuring a strong and profitable future for the airline. The deferrals will affect Airbus planes scheduled
