After the second month of the Writers Guild of America (WGA) strike, the Directors Guild of America (DGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have reached a tentative agreement, which has not yet been approved by DGA members. The three-year contract would provide pay and benefit gains, increases to global streaming
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Diamond Sports, the owner of 19 regional sports networks under the Bally Sports brand, has been ordered by a bankruptcy judge to make full media rights payments to four Major League Baseball (MLB) teams. The company filed for bankruptcy in March, seeking to restructure its debt load and reset some of its media rights deals
Lululemon, a Canadian athletic apparel retailer, has reported its Q1 earnings, which surpassed Wall Street’s expectations. The company’s net income for the three-month period ending April 30 was $290.4 million or $2.28 per share, an increase from $190 million or $1.48 per share a year earlier. Sales rose 24% to $2 billion, up from $1.61
Dollar General shareholders have passed a resolution to commission an independent audit into worker safety. The proposal, brought by Domini Impact Investments, aims to examine the company’s policies and practices and how they affect the safety and well-being of workers. The audit is to be conducted by an independent, third-party and will include an evaluation
Ford Motor and Tesla have announced a surprise deal on electric vehicle (EV) charging technology and infrastructure that could put new pressure on other automakers’ EV strategies. The agreement will allow Ford owners access to more than 12,000 Tesla Superchargers across the US and Canada from early next year. Moreover, Ford’s next generation of EVs
JPMorgan Chase aims to develop a software service that uses disruptive artificial intelligence to help customers select investments. The company has applied to trademark the product called IndexGPT, which will use cloud computing software to analyze and choose securities tailored to customer needs. IndexGPT: The First GPT-Like Product for Customers JPMorgan Chase is likely to
Ford Motor CEO, Jim Farley, and Tesla and Twitter CEO, Elon Musk, are set to host a live audio discussion via Twitter Spaces on accelerating EV adoption. This online discussion between rivals comes as Ford attempts to catch up to or surpass Tesla’s sales in the electric vehicle (EV) segment. Ford’s Attempts to Catch up
Elon Musk, the owner of Twitter, has stated that he is unconcerned if his tweets cause Tesla buyers and Twitter advertisers to be put off. Musk has been known to tweet controversial content, including conspiracy theories and comments that have been deemed discriminatory by critics. His latest tweet has drawn criticism after he likened liberal
In a recent development, employees at a Starbucks café in Rochester, NY, have filed a petition with the National Labor Relations Board (NLRB) to decertify the Service Employees International Union’s (SEIU) front group, known as Starbucks Workers United. This comes after the SEIU won an election in April 2022 with a narrow vote of 13-11.
Fanatics, the sports platform company with a private valuation of $31 billion, has agreed to acquire the U.S. operations of PointsBet for $150 million in cash. This marks Fanatics’ first major move into U.S. sports betting. The deal is expected to give Fanatics access to at least 15 states. Fanatics plans to fund some of