In a significant upheaval within the automotive industry, Stellantis, a major player formed by the merger of Fiat Chrysler and France’s PSA Group, is grappling with substantial external and internal pressures. Recent public criticisms from its dealer network and the United Auto Workers (UAW) have drawn attention to the company’s dwindling sales and increasingly aggressive
Business
Los Angeles is gearing up to host the 2028 Olympics, following a successful event in Paris in 2024. Mayor Karen Bass expressed her anxiety about the preparations needed for the Games but remains confident that the city will rise to the occasion. Reflecting on the 1984 Olympics in Los Angeles, Mayor Bass believes that the
Southwest Airlines is undergoing a significant shift in leadership with the announcement that executive chairman and former CEO Gary Kelly will retire next year. This decision comes after nearly four decades of service at Southwest, and in the wake of pressure for changes by activist investor Elliott Investment Management. It is evident that change is
Starbucks’ new CEO, Brian Niccol, has outlined his strategy to first improve the chain’s U.S. business before tackling issues abroad. In an open letter addressed to customers, employees, and stakeholders, Niccol acknowledged the shortcomings in some U.S. locations, citing inconsistent product quality, long wait times, overwhelming menus, and hectic handoffs as areas that need improvement.
The National Football League has been strategically expanding its audience reach through exclusive streaming deals with media companies. With the ever-changing landscape of media consumption, the NFL has adapted by securing partnerships that allow fans to access games through various streaming platforms. This shift towards streaming was evident in the 11-year, $111 billion media rights
JPMorgan Chase shares experienced a 5% decline after the bank’s president highlighted concerns regarding the net interest income and expenses for the upcoming year. While the bank aims to be close to the target set for 2024, the current estimates for 2025 are deemed overly optimistic by the president. The Federal Reserve’s plan to cut
Starboard Value, an activist investor, has made a bold move to dissolve News Corp’s dual-class share structure. This is seen as a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. The push was initiated through a non-binding shareholder resolution, indicating a strong desire to shake up the current ownership
In September 1916, the world witnessed a groundbreaking moment when the first billionaire was announced, marking a significant milestone in wealth accumulation. Fast forward more than a century later, and the race to reach the trillionaire mark is still ongoing, sparking curiosity and intrigue among wealth enthusiasts. With several companies already crossing the trillion-dollar threshold,
As the National Football League (NFL) season ramps up, automakers are making a comeback in advertising during games, showcasing their vehicles to a wide audience. Giants in the automotive industry such as Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers are among those expected to take advantage of the NFL platform to promote
Boeing’s Starliner spacecraft finally undocked from the International Space Station after a significant delay, leaving behind the two astronauts it had delivered to orbit earlier. The return journey to Earth took about six hours, culminating in a successful touchdown at White Sands Space Harbor in New Mexico. However, the undocking process was not without its