Boeing’s Starliner capsule “Calypso” has encountered a delay in its return to Earth after successfully reaching the International Space Station (ISS). The spacecraft was originally planned to spend nine days in space but has now been in orbit for 24 days and counting, as testing continues both on the spacecraft and back on the ground.
Business
The automotive industry is witnessing a significant shift as Chinese automakers are poised to rapidly expand outside of their home country. According to a new report by AlixPartners, Chinese automakers are expected to achieve 33% of global automotive market share by the year 2030, up from 21% this year. This growth is projected to come
Southwest Airlines recently announced a cut in its second-quarter revenue forecast, resulting in a 4% drop in its shares during premarket trading. The airline cited changing booking patterns as the primary reason for this downward revision. Initially projecting a decline of 1.5% to 3.5%, Southwest now anticipates a much steeper decrease of 4% to 4.5%
As the first half of the year showed a 2.9% increase in U.S. auto sales, concerns are rising about the ability of the auto industry to maintain this momentum in the latter half of the year. Factors such as growing vehicle inventory levels, increasing incentives, along with economic uncertainty, fluctuating interest rates, and the impending
The retail giant, Target, has recently announced a partnership with the e-commerce platform Shopify to expand its target audience and bring in new and exciting brands to its marketplace. This move is a strategic attempt by Target to stay ahead of its competition and adapt to the changing consumer trends. By allowing companies working with
The housing market in the United States is currently facing some significant challenges, with sales of previously owned homes hitting a 30-year low. In May, existing home sales were essentially flat, dropping by 0.7% from the previous month to a seasonally adjusted annualized rate of 4.11 million units. This marks a 2.8% decrease from the
Gilead Sciences recently announced the success of its experimental twice-yearly medicine, lenacapavir, in preventing HIV in a late-stage trial. The results of the trial showed that all 2,000 women who received the shot remained HIV-free, prompting optimism in the fight against the virus. This breakthrough could revolutionize the landscape of HIV prevention and treatment, providing
In recent years, the box office has suffered from a lack of family-friendly films. The absence of such movies, which can appeal to a wide range of demographics, has been a significant factor in the decline of ticket sales. The COVID-19 pandemic only exacerbated this issue, with many family features opting for streaming platforms over
Fisker, a well-known all-electric vehicle startup, recently made headlines by filing for Chapter 11 bankruptcy protection. This move was primarily driven by lackluster consumer demand, significant cash burn, and operational and product issues. The company’s charismatic founder and CEO, Henrik Fisker, had previously expressed concerns about its ability to continue as a viable business, leading
Senator Elizabeth Warren is not one to shy away from calling out powerful figures in the financial industry. Recently, she accused Federal Reserve Chair Jerome Powell of advocating for changes that would benefit large American banks at the expense of the general public. In a letter dated June 17, Warren expressed her disappointment at reports