In a significant move that has caught the attention of subscribers and market analysts alike, Netflix has announced an increase in prices for most of its U.S. plans. This change, unveiled during the company’s fourth-quarter earnings announcement, raises the stakes in an already competitive streaming market. The standard plan without commercials will rise from $15.49
Business
Recent developments indicate that a consortium of well-financed investors is on a mission to establish a groundbreaking international basketball league. Aiming to secure an impressive $5 billion, this new league aspires to challenge the NBA’s dominance in the sport. According to insiders, the innovative structure of this organization would include offering players equity stakes, thus
In a significant move, the Federal Trade Commission (FTC) has filed a lawsuit against PepsiCo, alleging the company engaged in illegal price discrimination. The central claim is that PepsiCo provided preferential pricing and promotional support to an unnamed retailer, which numerous sources have identified as Walmart. This practice, according to the FTC, contravenes the Robinson-Patman
In a significant move, the Federal Aviation Administration (FAA) announced on Friday that SpaceX’s Starship rocket will remain grounded until the company and the regulatory body conclude their investigation of the rocket’s midflight failure during its most recent testing phase. This incident, which led to the unfortunate necessity of diverting multiple commercial airline flights, raises
As the race for autonomous vehicles accelerates, Amazon’s Zoox emerges as a key player with significant aspirations for 2023. With a focus on commercializing its robotaxi services, Zoox is on a mission to transform urban mobility by leveraging the latest in autonomous technology. However, the path is fraught with challenges as investor enthusiasm wanes and
In a bold move that underscores ongoing tensions in the agricultural equipment sector, the Federal Trade Commission (FTC) has targeted Deer & Company with a lawsuit that raises serious questions about monopoly practices in repair services. The lawsuit, announced on Wednesday, accuses Deere, a leading name in agricultural machinery, of obstructing farmers’ access to repair
In a remarkable step toward re-establishing humanity’s presence on the Moon, Firefly Aerospace, a Texas-based aerospace manufacturer, has embarked on its first lunar mission. On a recent early morning in Florida, the “Blue Ghost,” a cutting-edge cargo lander, was successfully launched into space aboard SpaceX’s Falcon 9 rocket. This groundbreaking mission, which has sparked a
In a surprising turn of events, Eli Lilly has revised its revenue expectations downwards, announcing on Tuesday that it anticipates full-year revenue of approximately $45 billion for 2024. This figure represents a notable decrease from the previously projected range of $45.4 billion to $46 billion released in October. Although the new guidance indicates a substantial
Boeing’s performance in 2024 has been notably disappointing, with the company delivering a mere 348 aircraft to customers—significantly less than the previous year’s figures. This substantial decrease of about one-third highlights the challenges Boeing faces as it grapples with multiple crises, including a significant midair incident involving a door panel blowout and a machinist strike
As the holiday shopping season unfolds, major retailers are reporting early results that largely exceed expectations. However, the immediate market reaction has raised eyebrows, as many companies see their share prices tumble despite positive financial outlooks. Notable names like Lululemon, Abercrombie & Fitch, and American Eagle are reporting robust holiday sales which prompted them to