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
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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
Eli Lilly has seen a surge in demand for its weight loss and diabetes treatments, catapulting the company to new heights in the pharmaceutical industry. However, the outgoing Chief Financial Officer, Anat Ashkenazi, acknowledges that there is still more work to be done despite the recent success. She has played a crucial role in handling
Over the weekend, Disney and Pixar’s “Inside Out 2” made a grand entrance at the box office, raking in an estimated $155 million domestically. This spectacular debut marks the second-highest opening weekend for an animated film, only falling short of Warner Bros.’ “Barbie.” Furthermore, the film is anticipated to reach a global box office total
Boeing’s Starliner capsule “Calypso” has encountered unexpected challenges during its mission at the International Space Station (ISS). Originally planned for a nine-day mission, the Starliner crew flight test has been extended to at least 17 days. This extension is attributed to the need for further spacecraft testing while docked with the ISS. The crew, consisting
The recent announcement of Sony Pictures acquiring Alamo Drafthouse marks a significant shift in the movie theater industry. This decision comes after the Department of Justice’s antitrust division lifted a decree that prevented certain film distributors from owning exhibition companies in 2020. The Paramount Consent Decrees, enacted in 1948, mandated major studios to divest their
The Nathan’s Famous Fourth of July hot dog eating contest will see a significant change this year as Major League Eating (MLE) announced its decision to part ways with 16-time champion Joey “Jaws” Chestnut. This move comes following Chestnut’s decision to represent a rival brand that sells plant-based hot dogs. The organization revealed that he
National Amusements, which is the controlling shareholder of Paramount Global, has abruptly stopped talks with Skydance regarding a proposed merger deal. CNBC’s David Faber reported this unexpected development on Tuesday, revealing that National Amusements, owned by Shari Redstone, had reached terms on a merger with a consortium including Skydance, RedBird Capital, and KKR. The deal,
The United Auto Workers President Shawn Fain is currently under investigation by a federal court-appointed watchdog named Neil Barofsky. The investigation revolves around allegations of Fain abusing his power as the union president. It is also claimed that Fain, along with other union leaders, obstructed the investigation and interfered with the watchdog’s access to information.