Television has long been a staple in households around the world, providing entertainment, news, and information. However, the landscape of television is undergoing a dramatic shift as traditional TV usage continues to decline while the prices of streaming services rise. This article delves into the reasons behind this decline, the rise of streaming services, and
Business
President Joe Biden is urging the United Auto Workers (UAW) and Detroit automakers to reach a “fair agreement” that avoids plant closures and ensures a smooth transition to a clean energy future. Recognized as the “most pro-union president,” Biden sees the upcoming contract negotiations as an opportunity for all parties involved. With approximately 150,000 unionized
The Canadian telecommunications satellite operator, Telesat, has sent shockwaves through the industry by announcing a change in suppliers for its upcoming Lightspeed global internet network. In a surprising move, Telesat has decided to partner with Canadian space company MDA instead of the previously contracted manufacturer, Thales Alenia Space. This strategic shift is projected to result
Recently, wildfires on the Hawaiian island of Maui led to the deaths of at least 36 individuals and forced evacuations. As a response to this tragic situation, several major airlines have stepped up their services to assist travelers in leaving the island and ensuring their safety. Recognizing the urgent need to transport individuals away from
Disney’s ESPN has made a significant move by partnering with Penn Entertainment to enter the world of sports betting. The collaboration will result in the rebranding and relaunch of Penn’s sportsbook as ESPN Bet, marking the first time ESPN’s brand will be associated with a sports-betting platform. This article delves deep into the details of
The mortgage industry has experienced a significant shift in recent months, making it increasingly difficult for borrowers to obtain a mortgage. Along with the rising mortgage rates, the Mortgage Bankers Association (MBA) reports that credit availability in July hit its lowest level since 2013. This decline in credit availability indicates that lending standards are tightening
The sports platform Fanatics and its competitor Panini have recently found themselves embroiled in a legal battle, with both companies filing lawsuits against each other. These trading card rivals are facing off in court, each accusing the other of various wrongdoings and breaches of duty. While this dispute revolves around licensing rights for professional sports
There is no denying that automation will result in the elimination of certain jobs in the coming years. However, as companies increasingly adopt robots across various industries, there is also a growing opportunity for workers to participate in building and implementing this technology. Both humanoid and non-humanoid robots are expected to reduce employment in the
Goldman Sachs, long hailed as Wall Street’s premier brand, finds itself at an inflection point. The high-profile businesses that once propelled the firm’s success have fallen out of favor with investors since the 2008 financial crisis. Instead, it is the steady, fee-generating sectors of wealth and asset management that are now being valued more highly.
The shares of electric truck manufacturer Nikola took a nosedive of more than 10% following a series of unsettling events. First, the company announced that its CEO, Michael Lohscheller, would be stepping down immediately due to a “family health matter.” This news undoubtedly raised concerns among investors who may question the stability and future direction