Business

Boeing’s Starliner capsule “Calypso” is set to stay at the International Space Station (ISS) for an extended period, announced by NASA on Friday. Originally planned for a nine-day mission, the developmental nature of the mission known as Boeing’s crew flight test is being showcased as various tests are being conducted on Starliner while docked with
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Sony Pictures made headlines recently with the announcement of its acquisition of Alamo Drafthouse, the seventh-largest movie theater chain in North America. This move marks the first time a major studio has purchased a theater chain since the Department of Justice’s antitrust division terminated certain restrictions in 2020. The Paramount Consent Decrees, enacted in 1948,
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The recent investigation into United Auto Workers President Shawn Fain by a federal court-appointed watchdog has raised serious concerns about potential corruption within the union. The monitor, Neil Barofsky, has accused Fain and other union leaders of obstructing the investigation and interfering with access to information. These allegations come as the union is engaged in
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The Covid-19 pandemic has revealed both vulnerabilities and resilience in the American economy. One area that has been significantly impacted is child care, as day cares closed, schools switched to remote learning, and parents struggled to balance work and childcare responsibilities. Despite the return of employment in the child care sector to pre-pandemic levels, there
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In a shocking revelation, the court-appointed trustee in the Synapse bankruptcy case uncovered an $85 million shortfall in customer deposits. This discrepancy arose from the mismatch between what partner banks of fintech middleman Synapse were holding and what depositors were owed. The fallout from this financial debacle has plunged the U.S. fintech sector into its
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Rivian Automotive has recently announced the redesign of its all-electric R1 pickup and SUV models with a focus on enhancing range, performance, and computing power. The 2025 model-year vehicles may not appear drastically different from their predecessors, but Rivian has made significant improvements under the hood. With more than half of the hardware components overhauled
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