In response to a lawsuit brought by Fubo TV, a U.S. judge temporarily blocked media giants Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu. This move has halted the planned launch of the service just weeks before the National Football League season kicks off. Fubo TV, a player in the
Byron Allen, the media mogul with grand aspirations of acquiring various media assets for billions of dollars, is facing a significant challenge within his own media empire. Reports have surfaced revealing that broadcast stations owned by Allen Media Group, covering markets in more than 20 cities, have been consistently late on payments to network owners
Zeekr, a Chinese electric car brand, recently unveiled its latest innovation in the form of new batteries that claim to offer the fastest charge in the world. Addressing long-standing concerns of consumers regarding battery driving range and ease of charging, Zeekr’s new batteries are set to revolutionize the electric car industry. According to Zeekr, these
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has proven to be a massive success, breaking records as the highest-grossing R-rated film of all time. With a staggering $1.085 billion in global ticket sales, the film has surpassed even Warner Bros.’ “Joker,” demonstrating the enduring appeal of the Marvel
Tencent has exceeded expectations in the second quarter, showcasing impressive growth in its key gaming division. Revenue came in at 161.12 billion Chinese yuan, surpassing the expected 160.77 billion yuan. Moreover, profit attributable to equity holders of the company reached 47.63 billion Chinese yuan, outperforming the anticipated 39.95 billion yuan. Following a challenging period of
Vice President Kamala Harris recently unveiled an economic plan that includes an expanded child tax credit worth up to $6,000 in total tax relief for families with newborn children. This plan is aimed at restoring the higher child tax credit enacted through the American Rescue Plan in 2021. The proposed tax break would provide $6,000
United Auto Workers President Shawn Fain recently released a video accusing Stellantis CEO Carlos Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. While criticism of corporate executives is not uncommon, especially in the auto industry, it is essential to analyze the validity and implications of
Palo Alto Networks has experienced significant growth in the lead-up to its fourth-quarter earnings report, with the stock rising by nearly 17% since August 5th. This outperformed the S&P 500, which saw a gain of roughly 7% during the same period. The surge in stock price reflects heightened investor expectations for the cybersecurity company. As
The power demand from data centers is projected to triple by 2030, driven by the rapid scaling up of artificial intelligence technologies. According to a recent report by Mizuho Securities, this surge in demand will reach up to 400 terawatt hours annually, equivalent to 50 gigawatts. By the end of the decade, data centers are
The private jet industry is currently experiencing a significant decline, with private jet flights falling by 15% in the first half of the year compared to their peak in 2022. This decline is attributed to a combination of factors, including waning demand and increased competition in the high-end travel market. Despite a temporary spike in