In a surprising move, Netflix announced that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the streaming giant reported earnings that exceeded expectations on both the top and bottom line. The company’s total memberships rose to 269.6 million in the quarter, surpassing Wall
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The aviation industry has been under scrutiny due to safety issues, but airline executives are confident in the continued demand for flights. United Airlines, along with other major carriers, are expecting to see record numbers of travelers this summer. This comes despite the challenges posed by inflation, safety incidents, and increased regulatory scrutiny. Airlines have
Republican governors from six states, including Alabama, Georgia, Mississippi, South Carolina, Tennessee, and Texas, have come together to condemn the efforts of the United Auto Workers (UAW) to organize automotive factories in the South. These governors, led by Tennessee Gov. Bill Lee, believe that unionization could have detrimental effects on job security and future investments
Recently, Boeing has come under fire for allegations made by one of its engineers, Sam Salehpour, regarding the safety and quality testing of the 787 Dreamliner and 777 aircraft. Salehpour claimed that Boeing took “shortcuts” to speed up production, compromising the safety and longevity of the planes. These allegations have raised concerns about Boeing’s safety
Hawaii, known for its stunning beaches and tropical climate, has emerged as a surprising leader in electric vehicle (EV) adoption. The state boasts the fifth-highest overall EV adoption rate in the United States, with 11.9% of new retail vehicles being EVs. According to J.D. Power, Hawaii also ranks third in the “EV Adoption Score,” trailing
JPMorgan Chase is gearing up to release its first-quarter earnings report before the market opens on Friday. The anticipation is high, with analysts predicting earnings of $4.11 per share and revenue of $41.85 billion. Net interest income is expected to reach $23.18 billion, with trading revenue in fixed income at $5.19 billion and equities at
As banks gear up to report their quarterly earnings, the contrast between large-scale financial institutions and smaller regional banks becomes increasingly apparent. With the Federal Reserve reevaluating its stance on interest rates, the dynamics of the banking sector are bound to shift. The once widely anticipated rate cuts have now dwindled, leaving larger banks in
Toyota Motor recently unveiled the latest iteration of its 4Runner SUV, marking the first redesign in almost 15 years. The new 2025 model boasts a fresh look, drawing similarities to the revamped Toyota Tacoma pickup. Additionally, this version will introduce a hybrid engine for the first time, along with new high-end trims – “Platinum” and
General Motors’ Cruise self-driving vehicle unit announced a redeployment of cars on U.S. roadways after a halt in operations since October. The relaunch began with a small fleet of human-driven vehicles in Phoenix, marking a shift from their previous use as robotaxis. The company stated that the redeployed vehicles will now focus on creating maps
The aviation industry has been hit hard by the global pandemic, and Spirit Airlines is no exception. In an attempt to boost liquidity, the budget airline announced on Monday that it will be deferring deliveries of new Airbus planes and furloughing about 260 pilots. These drastic measures are aimed at securing a profitable future for