The United Auto Workers (UAW) have received a resounding show of support from their members, granting union leaders authorization to call strikes during ongoing contract negotiations with General Motors, Ford Motor, and Stellantis. With an average of 97% of combined members at the automakers approving the action, it is evident that the workforce is prepared
Business
In a world dominated by superheroes and franchise installments, “Barbie” has emerged as a breath of fresh air. Directed by Greta Gerwig and produced by Mattel and Warner Bros. Discovery, this movie has made history by becoming the highest-grossing film of the year in North America. With a staggering $575.4 million at the domestic box
The ongoing negotiations between Hollywood producers and the Writers Guild of America (WGA) have reached a boiling point as the latest contract proposal is made public. The Alliance of Motion Picture and Television Producers (AMPTP) has revealed their offer, which addresses key issues such as residuals and compensation, artificial intelligence (AI), and increased transparency in
The real estate market took a hit in July, as sales of previously owned homes dropped by 2.2% compared to the previous month. According to the National Association of Realtors, this decline is part of a larger trend, with sales being 16.6% lower than July of the previous year. These figures reveal a concerning state
Last week’s Monterey Car Week witnessed a parade of trophy cars being sold, with a $30 million Ferrari leading the pack. However, there were indications that the classic car market is slowing down. Despite the total sales of over 1,200 cars reaching $397 million, marking the second-highest total ever for the auctions, it still represented
The grocery industry is undergoing significant changes as major players seek to adapt to evolving consumer preferences and shopping habits. Aldi, the German discount supermarket chain, recently made headlines with its plans to acquire approximately 400 Winn-Dixie and Harveys Supermarket locations in the Southern United States. This article examines the motivations behind Aldi’s acquisition strategy,
The restaurant industry has experienced its fair share of challenges in recent years, and Bloomin’ Brands, the owner of popular chain Outback Steakhouse, is no exception. However, a glimmer of hope has emerged for the struggling company as activist investor Starboard Value discloses its interest in Bloomin’ Brands. This revelation has ignited optimism among investors,
Moderna’s latest Covid vaccine has shown promising results in an early clinical trial, demonstrating a strong immune response against the dominant Eris variant and another rapidly spreading strain known as Fornax. The vaccine specifically targets the omicron subvariant XBB.1.5, but it appears to also offer protection against emerging variants of the virus. This positive development
Target, the big-box retailer, reported disappointing quarterly sales and lowered its full-year forecast, signaling ongoing challenges in convincing shoppers to purchase more than just essential items. Despite some economists retracting recession predictions and signs of cooling inflation, Target remains cautious about the second half of the year. CEO Brian Cornell cited factors such as rising
Traditional TV has experienced a significant decline in recent years, and this trend shows no signs of slowing down. In July, total traditional TV usage, which includes broadcast and pay-TV, fell below 50% for the first time ever, according to Nielsen’s monthly streaming report, The Gauge. In particular, pay-TV usage among customers dropped to 29.6%