Crocs Inc. saw a positive shift in its stock price after an upgrade from Williams Trading, moving from a hold to a buy. The investment firm believes that Crocs’ decision to appoint actress Sydney Sweeney as the spokesperson for its Heydude brand could potentially reverse negative sales trends. This strategic move might have a positive
Chinese electric vehicle maker BYD has been carefully evaluating potential locations for its new manufacturing plant in Mexico, with three states emerging as top contenders. According to Jorge Vallejo, BYD’s Mexico director general, the company is considering various proposals from these states, which include attractive incentives such as fiscal benefits, land availability, preferential pricing, and
Disney is once again poised to take the top spot at the summer box office, with their latest release, 20th Century Studios’ Alien: Romulus, projected to bring in $18M, surpassing Deadpool & Wolverine’s fifth weekend earnings of $17M. So far, Alien: Romulus has raked in $50.6M at the box office. Additionally, It Ends with Us,
The future of Paramount Global remains uncertain as the special committee announced an extension of the “go shop” period of its merger agreement with Skydance. Edgar Bronfman Jr. recently entered the scene with a competing offer, initially bidding $4.3 billion for Shari Redstone’s National Amusements. Bronfman proposed acquiring a minority stake in Paramount but later
On September 5, U2 fans will be in for a treat with the release of V-U2: An Immersive Concert Film at Sphere Las Vegas. Directed by Morleigh Steinberg and The Edge, the movie captures the essence of the band’s U2:UV Achtung Baby Live at Sphere residency from September 2023 through March. What sets this film
The recent downward revisions to U.S. payrolls, totaling 818,000 jobs, have sparked widespread debate on the potential implications for the economy. It is important to consider historical context when interpreting such revisions. For instance, during the 2009 revisions, which amounted to 824,000 overstated jobs, the National Bureau of Economic Research had already declared a recession
Ford Motor’s recent announcement to delay production of a next-generation all-electric pickup truck and cancel plans for a three-row electric SUV marks a significant shift in the company’s electric vehicle strategy. Instead of focusing solely on all-electric vehicles, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles. This decision comes
The rise of online sports betting has had a detrimental effect on personal finances, especially for those who are already facing financial difficulties. A recent study titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households” highlighted the concerning trend of increased sports betting following the legalization of the activity in 38 states across the
The Chinese government recently expressed its dissatisfaction with the European Union’s decision to impose tariffs on electric vehicle imports from China. In a statement from the Ministry of Commerce, Beijing criticized the EU for what it perceived as unfair competition practices, stating that the bloc’s investigation into Chinese subsidies for the electric vehicle industry had
In a bold move to capitalize on the increasing institutional interest in digital assets, State Street has partnered with Swiss crypto company Taurus to offer innovative digital asset services. This partnership aims to provide institutions with the opportunity to tokenize real-world assets, catering to the growing demand for diversified and inflation-hedging investments. As cryptocurrencies become