Day: November 3, 2023
Astra defaults on debt agreement, warns it may not be able to raise needed cash
The company’s LV0010 rocket stands on the launchpad at Florida’s Cape Canaveral ahead of the NASA TROPICS-1 mission. Astra Struggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle. Astra twice last month failed […]
Read More
The Ozempic effect has battered this weight loss stock, but Morgan Stanley says it’s a top pick
Game-changing anti-obesity medications have posed nothing short of an existential crisis for Weight Watchers parent WW International since they arrived on the scene, but CEO Sima Sistani has been confronting this challenge head-on. Despite an 11% dive in the stock Friday, Morgan Stanley said it thinks the company “has gone through an incredible transformation over […]
Read More
Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
DraftKings, a fantasy sports website Getty Images The growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers’ dollars is about to get more competitive. DraftKings, which reported quarterly results that beat Wall Street’s estimates on Thursday, has emerged as […]
Read More
UAW has Tesla, Toyota in its sights after contract wins at Detroit automakers
United Auto Workers President Shawn Fain gestures in solidarity with striking workers during a rally at UAW Local 551 on Saturday, Oct. 7, 2023, in Chicago. John J. Kim | Tribune News Service | Getty Images DETROIT – United Auto Workers President Shawn Fain wants to expand the union’s battle from the Detroit automakers to […]
Read More
Wall Road will test to preserve momentum upcoming 7 days soon after a sturdy begin to November
Shares will try out to retain their upward momentum future week after a sturdy get started to November, with Treasury yields slipping from their highs and buyers betting the Federal Reserve could properly be performed increasing fascination premiums. Investors kicked off the thirty day period with sizable gains. All three big averages are larger in […]
Read More
‘Sound of Freedom,’ the child-trafficking thriller endorsed by Trump, will stream on Amazon
Jim Caviezel stars in Angel Studio’s “Sound of Freedom.” Angel Studios Amazon Prime Video has secured the rights to one of the hottest box office releases of 2023 — Angel Studios’ “Sound of Freedom.” The Jim Caviezel-led thriller snared more than $180 million at the domestic box office during its run, outpacing big studio films […]
Read More
Around 75% of U.S. personnel say they could complete the similar sum of perform in 4 days fairly than 5
As more youthful generations, especially Gen Z and Millenials, are growing old to make up additional of the workforce, workplace anticipations from personnel are shifting. A person this sort of change is the enhance in requires for a 4-day workweek. Amid US personnel, in excess of 75% say they could complete their existing workload in […]
Read More
Taylor Swift’s Eras Tour concert film takes its final bow at the box office this weekend
Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Mat Hayward/tas23 | Getty Images Entertainment | Getty Images Taylor Swift takes her final bow at the movie box office this weekend. After a whirlwind four weeks in theaters, the singer’s Eras Tour concert film […]
Read More
Starz to lay off more than 10% of employees ahead of Lionsgate spinoff
Starz CEO Jeffrey Hirsch Source: Starz Starz, the premium network and streaming service that will soon be its own publicly traded company, is laying off more than 10% of employees and is exiting Australia and the U.K. Starz Chief Executive Officer Jeffrey Hirsch announced the news in an email to staff obtained by CNBC on […]
Read More
Walmart shares hit all-time high, as retailer’s value focus attracts shoppers and investors
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty Images Shares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value. The big-box retailer’s stock hit a […]
Read More