Sick of dealing with pickleballs that lacked consistency in bounce and durability, Bahram Akradi, the founder and CEO of Life Time, took matters into his own hands. Life Time recently unveiled what they’re calling “the ultimate pickleball,” with plans to introduce it exclusively at their clubs later this month. Akradi saw an issue within the
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Automaker Stellantis has recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company shifts its focus to the newer generation of the Ram 1500, which has been in production since
JPMorgan Chase, the largest U.S. bank by assets, has recently introduced a generative artificial intelligence assistant called LLM Suite to tens of thousands of its employees. This move is part of the bank’s broader plan to integrate this technology throughout its operations. The software, which is already available to over 60,000 employees, aims to assist
Delta Air Lines recently reported that the CrowdStrike outage in the previous month resulted in a financial loss of approximately $550 million. The airline stated that this cost includes a $380 million revenue decline in the current quarter due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, Delta incurred
Eli Lilly’s second-quarter earnings report for this year has exceeded expectations, leading to a significant increase in their full-year revenue outlook. The company reported impressive sales figures for its diabetes drug Mounjaro and weight loss injection Zepbound, causing its stock price to surge in premarket trading. With a revised guidance for adjusted earnings and revenue
Disney’s media business has long been viewed as a hindrance to the company’s overall success, with its streaming losses, declining traditional pay TV business, and box office failures causing concern among investors. This negative perception has been reflected in Disney’s stock performance, which has lagged behind the S&P 500 in recent years. However, the company’s
Disney recently announced that it will be raising prices on its streaming platforms, including Disney+, Hulu, and ESPN+. The price increases are set to take effect in mid-October, with most plans seeing a $1 to $2 increase per month. The most expensive plans for Hulu, which include live TV, will see a $6 increase per
Yum Brands, the parent company of well-known fast–food chains like Pizza Hut, KFC, and Taco Bell, faced a challenging quarter with declining same-store sales at both Pizza Hut and KFC. The impacts from the Middle East conflict and a more cost-conscious consumer have presented headwinds to same-store sales, according to Yum CEO David Gibbs. This
Jeff Bezos, the billionaire behind Amazon, has been garnering attention not just for his extravagant purchases like luxury homes and yachts, but also for his significant investments in artificial intelligence (AI). Through his family office, Bezos Expeditions, he has directed all investments this year towards AI projects, as revealed by exclusive data from FINTRX, a
Delta Air Lines CEO, Ed Bastian, recently took steps to express gratitude towards his employees following the significant disruptions caused by a botched CrowdStrike software update that impacted thousands of customers and crew members. These disruptions led to the cancellation of more than 5,000 flights between July 19 and July 24, costing the company approximately