In a time where the film industry is facing challenges due to a lack of content and a more selective audience, Fathom Events has emerged as a standout player, boasting record-breaking revenue gains. This joint venture between AMC, Regal, and Cinemark has been a pioneer in bringing alternative content to the big screen for the
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Bandit Running’s Unsponsored Project is changing the game at the U.S. Track & Field Olympic Trials by providing unsponsored athletes with an alternative to the traditional sponsorship model. The 35 athletes participating in the trials are donning all-black, logo-less gear provided by Bandit Running, along with short-term endorsement deals. This initiative challenges the status quo
NASA and Boeing have made an announcement that they are extending the first crewed flight of the Starliner spacecraft. The spacecraft, known as “Calypso,” will remain at the International Space Station for an extended period while the organization conducts additional testing on the ground. The crew flight test includes NASA astronauts Butch Wilmore and Suni
Chinese automakers are projected to significantly increase their market share globally by the year 2030, aiming to reach 33% of the automotive market, as indicated in a recent report by AlixPartners. This growth is expected to be driven by expansion outside of China, with sales in international markets set to triple from 3 million units
Southwest Airlines saw a 4% drop in its shares during premarket trading after announcing a cut in its second-quarter revenue forecast. This adjustment was made due to changing booking patterns that affected the airline’s projected revenue per available seat mile, which is expected to decrease by 4% to 4.5% compared to last year. Additionally, Southwest
The first half of the year has seen a 2.9% increase in U.S. auto sales compared to last year, but concerns are rising about the sustainability of this momentum in the latter half of the year. Factors such as growing vehicle inventory levels, escalating incentives, and uncertainties surrounding the economy, interest rates, and the upcoming
Target recently announced a new partnership with e-commerce platform Shopify to bring fresh and trendy brands to its online marketplace, Target Plus. The Minneapolis-based retailer aims to leverage Shopify’s network of small and up-and-coming brands to enhance its product assortment and attract more online shoppers. This move comes as Target looks to boost sales growth
The real estate market is facing significant challenges, with sales of previously owned homes stagnating at a 30-year low. In May, existing home sales saw a minimal change, dropping by 0.7% from April to reach a seasonally adjusted annual rate of 4.11 million units. This represents a 2.8% decrease from the previous year, highlighting the
Gilead Sciences recently announced the success of its experimental twice-yearly medicine in preventing HIV. The Phase 3 trial revealed that none of the approximately 2,000 women who received Gilead’s shot, lenacapavir, had contracted HIV during the study. This groundbreaking development has prompted excitement in the medical community and raised hopes of expanding HIV prevention options.
Recent months have seen a resurgence in family-friendly films gracing the big screen, breathing new life into the box office landscape. The absence of such movies in theaters post-pandemic left a void that is now being filled by a steady stream of kid-friendly hits. This resurgence has not only reinvigorated ticket sales but has also