As Stellantis trudges through tumultuous waters, the third-quarter sales figures reveal critical challenges facing the automaker. Reporting sales of 305,294 vehicles between July and September, Stellantis experienced a staggering decline of 19.8% compared to the same quarter in 2022, with an even sharper drop of 11.5% against the previous quarter of 2023. The outlook appeared
Business
As Nike prepares to unveil its quarterly earnings report on Tuesday, the air is thick with uncertainty. Investors brace themselves for what is expected to be another disappointing financial update for the global athletic wear giant. The landscape under Nike’s leadership is shifting notably with the recent announcement of CEO John Donahoe’s departure. His exit
Dish Network’s journey resembles that of its namesake sitcom “Seinfeld”—filled with promise yet concluding in disappointment. Co-founder Charlie Ergen, during a 2011 earnings call, drew parallels between the cable giant’s strategic direction and the narrative style of the 1990s comedy. Ergen famously shared how “Seinfeld” episodes began with divergent storylines, only to unite in an
The 2024 season of the Women’s National Basketball Association (WNBA) has marked a watershed moment for the league, experiencing a surge in viewership and attendance that has propelled it into the national spotlight. With its roster brimming with fresh talent like Caitlin Clark and Angel Reese, the league managed to capture the hearts of millions.
As the third quarter of 2023 draws to a close, the automotive industry in the United States continues to grapple with a myriad of challenges. Economic factors, shifting political landscapes, and rising interest rates have all contributed to a projected decline in new vehicle sales. Industry analyses suggest a dip of approximately 2% compared to
In recent years, the National Basketball Association (NBA) has witnessed a remarkable increase in team valuations, prompting various investors to reassess their portfolios and dive deeper into the basketball business. Notably, businessman Paul Viera is capitalizing on this trend by enhancing his stake in the San Antonio Spurs from 5% to 11%. Such moves not
The ongoing debate surrounding prescription drug prices in the United States reached a critical juncture as Novo Nordisk’s CEO Lars Fruergaard Jørgensen faced a Senate inquiry regarding the alarming costs of the company’s weight loss drug Wegovy and diabetes medication Ozempic. The hearing, held by the Senate Health, Education, Labor and Pensions Committee, aimed to
In a recent internal communication, Southwest Airlines has alerted its workforce to the challenging decisions that lie ahead as it strives to enhance profitability amidst growing pressure from activist investor Elliott Investment Management. This investment firm has reportedly pushed for a leadership overhaul within the airline, citing concerns about the current management’s efficacy in improving
In Renton, Washington, a brewing storm is reshaping the air travel landscape as Boeing machinists launch a significant strike demanding better pay and conditions. At the core of this labor movement lies a deep frustration among workers regarding the rising costs of living coupled with stagnant wages, especially amid a time of soaring inflation and
On a pivotal Friday, the Federal Trade Commission (FTC) filed a major lawsuit against three sizable U.S. health companies that act as intermediaries in the insulin pricing system. These companies, known as pharmacy benefit managers (PBMs), are accused of employing strategies that inflate insulin costs for patients while simultaneously padding their profit margins. The targets