Business

The ongoing dispute between the United Auto Workers (UAW) and Detroit’s automakers shows no sign of resolution, as strikes enter their second week and tensions escalate. The UAW is set to announce additional strike targets, further delaying any potential breakthrough in negotiations with General Motors, Ford Motor, and Stellantis. Frustrations have grown on both sides,
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In a surprising turn of events, GameStop announced today that Ryan Cohen, billionaire activist investor and founder of pet food retailer Chewy, will be taking over as the company’s chief executive, chairman, and president, effective immediately. This move comes as GameStop continues to face significant challenges in the ever-changing video game retail landscape. However, what
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The Pentagon has recently awarded Elon Musk’s SpaceX its first confirmed contract for the development of the Starshield network, a military-specific version of the company’s well-known Starlink satellite internet system. This contract, which has a maximum value of $70 million, was announced by the defense agency on Wednesday. SpaceX’s Starshield contract was part of a
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The Writers Guild of America (WGA) and the Alliance of Motion Picture and Television Producers (AMPTP) have finally reached a preliminary labor agreement, bringing hope to the end of the ongoing writers strike. After months of stop-and-start negotiations, both parties have come together to draft the final contract language. This tentative deal signifies a victory
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McDonald’s, the fast-food giant, has recently announced an increase in royalty fees for its franchisees, marking the first hike in nearly three decades. Starting January 1st, the fees will be raised from 4% to 5%. This change will have significant implications for various scenarios, including new franchisees, buyers of company-owned restaurants, and relocated restaurants. The
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Saudi Crown Prince Mohammed bin Salman has openly embraced the concept of “sportswashing” as a means to rehabilitate Saudi Arabia’s image on the international stage. Despite facing ongoing criticism for human rights abuses and the killing of journalist Jamal Khashoggi, the crown prince sees sports investments as an opportunity to boost the country’s reputation and
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