DC Studios, a subsidiary of Warner Bros. Discovery, has been struggling to create a successful superhero franchise. Several films have failed to perform well at the box office, and the studio is now trying to create its own shared universe involving iconic characters like Batman and Superman. However, their previous attempts at tying their characters
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The Federal Reserve has been increasing interest rates to combat inflation, which is likely to result in more corporate defaults in the coming months. In May, the corporate default rate rose, indicating that US companies are struggling with higher interest rates that make it more expensive to refinance debt, as well as the uncertain economic
The U.S. Department of Agriculture (USDA) has given its approval for the sale of cell-cultured chicken, also known as cultivated, cell-based or lab-grown protein, in a landmark decision that paves the way for consumers to try it out themselves. This decision comes after the U.S. Food and Drug Administration (FDA) granted approval to the startups,
Toyota Motor’s shares have reached their highest level since 2009, after the company revealed plans for its next-generation electric vehicles and received approval for its new leadership during its annual meeting. Shares of Toyota on the New York Stock Exchange rose 1.6% during intraday trading on Thursday, reaching a new 52-week high of $168.18 per
Cava, a Mediterranean restaurant chain, witnessed a 117% surge in its shares during its market debut on Thursday, making it the highest-performing IPO this year for companies valued over $500 million. The company’s stock opened at $42 per share and closed at $43.78 per share, giving it a market value of $4.88 billion. Cava Group
Disney has recently announced the delay of several entries in its popular Avatar, Marvel, and Star Wars franchises. The company has not provided any explanation for the rearrangement of the release dates. However, it is common for studios to adjust their schedules for various reasons. The delay in release dates may be related to the
Fanatics, the global platform company, recently held its second investor day in nearly a year as the company quietly moves closer to an initial public offering. Over 100 existing and prospective institutional investors from major firms such as Goldman Sachs and Barclays gathered Tuesday for the meeting at the NBA Players Association headquarters in New
Planet, a satellite-imagery and data-analysis company, saw its shares fall after it cut its annual revenue guidance following the release of its first-quarter results. The company reduced its forecast for its fiscal-year 2024 revenue to a range of $225 million to $235 million from the previous forecast of $248 million to $268 million, subsequently causing
General Motors (GM) has announced that it will partner with Tesla to use the electric vehicle (EV) leader’s North American charging network and technologies. Following in the footsteps of crosstown rival Ford Motor, GM vehicles will be able to access 12,000 of Tesla’s fast chargers using an adapter and the Detroit automaker’s EV charging app,
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