The automaker industry in the United States has been facing economic challenges, leading companies to implement cost-cutting measures. In line with this trend, Chrysler parent Stellantis has decided to offer buyout packages to approximately half of its U.S. white-collar employees. The objective is to reduce headcount and lower costs for the company’s North American operations.
Business
In an industry buzzing with excitement, the burning question on everyone’s lips is: who will step into the shoes of Elon Musk for his highly anticipated biopic? Recently, it was revealed that indie studio A24 had emerged victorious in a fierce bidding war to acquire the film rights to Walter Isaacson’s biography of the enigmatic
In a groundbreaking clinical trial conducted by Novo Nordisk, the anti-obesity drug Wegovy has shown significant potential in reducing the risk of serious cardiovascular complications in individuals with obesity and heart disease. The study, known as Select, involved approximately 17,500 participants who did not have diabetes. Detailed results from the trial, presented at the American
Renowned investor Ron Baron believes that SpaceX will go public with its Starlink satellite internet service in 2027 or possibly sooner. Baron, a major supporter of Elon Musk’s ventures, predicts that by the time of the IPO, the company will be valued at an impressive $250 billion to $300 billion. This comes as no surprise
The wrestling industry is in for a major shakeup as Vince McMahon, the legendary figure behind TKO and WWE, has announced plans to sell a significant portion of his stake in the company. TKO, the parent company of WWE, revealed in a press release on Thursday that McMahon intends to sell 8.4 million of his
ESPN, the worldwide leader in sports, continues to demonstrate its strength and resilience in the market. In Disney’s fiscal fourth quarter, ESPN’s operating income soared by 16% to reach an impressive $987 million. This is the first time that Disney has ever disclosed the financial details of its sports division. Additionally, ESPN’s revenue grew by
Planet Fitness, the popular gym chain, experienced a surge in its shares after exceeding expectations for the third quarter and raising its outlook for the year. The company’s strong financial performance has delighted investors and signaled confidence in its future growth prospects. For the third quarter ending September 30, Planet Fitness reported a profit of
When Citigroup CEO Jane Fraser announced her plans for a comprehensive corporate overhaul, it sent shockwaves through the bank’s workforce. With talks of job cuts and an uncertain future, employees are understandably concerned about their livelihoods. Fraser has inherited a challenging task: fixing a global bank that has struggled to stay afloat for years. Citigroup’s
Paramount stock experienced a significant surge, closing over 15% higher on Friday, marking its best day since March 2020. This came just a day after another double-digit gain. The stock’s week-to-date performance showed an impressive 28.6% increase, positioning it for its best week since April 2020. However, despite these recent positive developments, the stock is
Paramount Global experienced a surge in its stock price during extended trading on Thursday, following the release of its impressive third-quarter earnings report. The media giant had already enjoyed a successful day in regular trading, with its stock closing over 10% higher. Paramount, known for its renowned brands such as CBS, Showtime, BET, Nickelodeon, and