Business

Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York on Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week

A SpaceX Falcon Heavy rocket with the Psyche spacecraft launches from NASA’s Kennedy Space Center in Cape Canaveral, Florida, on Oct. 13, 2023. Chandan Khanna | AFP | Getty Images Elon Musk’s SpaceX smashed its previous annual record for orbital rocket launches, pulling off 96 successful missions in 2023 at a blistering average launch pace

Activists protest the price of prescription drug costs in front of the U.S. Department of Health and Human Services (HHS) building on October 06, 2022 in Washington, DC. Anna Moneymaker | Getty Images U.S. patients and drugmakers will get a first glimpse of how much Medicare can negotiate down drug prices in 2024, setting the

In this article WBD CMCSA DIS Follow your favorite stocksCREATE FREE ACCOUNT Movie posters for “Barbie” and “Oppenheimer” are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, 2023. Hannah Beier | The Washington Post | Getty Images Call 2023 an explosive comeback at the box office. There were blonde bombshells, in

Jason Momoa stars as Arthur Curry, aka Aquaman, in Warner Bros.’ “Aquaman and the Lost Kingdom.” Warner Bros. Discovery “Aquaman and the Lost Kingdom” dog-paddled to a $28.1 million domestic opening, the fourth-lowest in the history of the DC Extended Universe. The film was expected to open between $32 million and $42 million. As it stands,

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Taraji P. Henson stars in Warner Bros. “The Color Purple.” Warner Bros. Discovery It was a very Merry Christmas for Warner Bros. Discovery. With $18.15 million in box office receipts, the studio’s newest film “The Color Purple” had the highest Christmas Day opening since 2009

In this article DIS CHTR WBD PARA Follow your favorite stocksCREATE FREE ACCOUNT The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images This year proved to be yet another tough one for pay TV, as

New Kia cars are displayed on the sales lot at San Leandro Kia on May 30, 2023 in San Leandro, California. Justin Sullivan | Getty Images DETROIT – Sales of new vehicles in the U.S. are expected to increase slightly next year, as the automotive industry continues to normalize from the coronavirus pandemic and other

An employee works on the production line of pharmaceutical company Zentiva in Prague, Czech Republic, May 6, 2021. David W. Cerny | Reuters The health-care sector has wiped out much of its losses for the year during the December market rally. Beaten-down biotech and medical device makers have seen the biggest rebound this month, and

In this article KRTX BMY Follow your favorite stocksCREATE FREE ACCOUNT Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock popped more than 47% on the news Friday morning, hitting around $317 a share. Bristol Myers Squibb shares rose

In this article NKE FL Follow your favorite stocksCREATE FREE ACCOUNT Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Nike fell more than 10%. Foot Locker, which relies heavily on Nike products in its stores, was down

In this article CMCSA DIS Follow your favorite stocksCREATE FREE ACCOUNT Universal and Illuminations latest animated film centers on a family of ducks who decides to leave the safety of a New England pond for an adventurous trip to Jamaica. However, their well-laid plans quickly go awry when they get lost and wind up in

In this article QSR-CA Follow your favorite stocksCREATE FREE ACCOUNT A Chick-fil-A meal is displayed at a Chick-fil-A restaurant in Novato, California, on June 1, 2023. Justin Sullivan | Getty Images Every restaurant chain from McDonald’s to Popeyes wants to take down Chick-fil-A, but its hold over customers is tighter than ever. Since its founding

In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A customer enters a Nike store along the Magnificent Mile shopping district in Chicago on Dec. 21, 2022. Scott Olson | Getty Images Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales

In this article BA Follow your favorite stocksCREATE FREE ACCOUNT The Boeing 787 Dreamliner sits on the tarmac at Boeing Field in Seattle, Washington. Robert Sorbo | Reuters Boeing on Thursday handed over a 787 Dreamliner directly to a Chinese airline for the first time since November 2019, a milestone that could open up the

Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative AI — and the use of

In this article PARA WBD CMCSA Follow your favorite stocksCREATE FREE ACCOUNT Let’s say you have a crush on two people and you find out one of them may like you back. Do you just start dating that person, or do you find out what the other person thinks, too? That’s where Warner Bros. Discovery

In this article WBD CMCSA DIS PARA Follow your favorite stocksCREATE FREE ACCOUNT NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City.  Michael M. Santiago | Getty Images It’s the most wonderful time

In this article CMCSA PARA DIS WBD Follow your favorite stocksCREATE FREE ACCOUNT The Grinch Source: Universal Studios  It’s human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint. Maybe that’s too grinchy. Some things will get better.

In this article LUV Follow your favorite stocksCREATE FREE ACCOUNT Southwest Airlines ranked as the second best domestic airline, according to Bounce’s 2023 Airline Index. Aaronp/bauer-griffin | Gc Images | Getty Images Southwest Airlines and its pilots’ union have reached a new preliminary labor agreement, ending months of tense negotiations. Southwest is the last of