The toy industry faced a significant sales slump in the first half of 2024 due to inflation, which impacted consumer spending habits. However, amid this challenging environment, one company managed to defy the odds and emerge as a market leader – Lego. The Danish toymaker reported a remarkable 13% jump in revenue, reaching 31 billion
Business
With the upcoming National Basketball Association season just around the corner, Dallas Mavericks and New Orleans Pelicans fans are eagerly awaiting news on how they will be able to watch their favorite teams play local games. Both teams are parting ways with their regional sports networks owned by Diamond Sports, according to a recent bankruptcy
Edgar Bronfman Jr.’s recent bid for a controlling stake in Paramount Global has significant implications for the future of the company, particularly in relation to Shari Redstone’s potential involvement. If successful, Bronfman’s offer could keep Redstone close to Paramount despite her current role as non-executive chairman. The special committee at Paramount Global is set to
Cava, the Mediterranean restaurant chain, recently reported strong traffic, leading to better-than-expected quarterly earnings and revenue. The company raised its full-year outlook, prompting a 7% rise in its stock in extended trading. With the stock value more than doubling this year, Cava’s market cap now stands at around $11.6 billion. In the quarter that ended
Boeing faced a significant setback when NASA announced that the Starliner capsule would be returning from the International Space Station without the astronauts it delivered in early June. This decision marked a dramatic shift from their original plans, as the capsule was intended to be the primary choice for returning the crew. The test flight,
The Biden administration’s decision to resume offering free at-home Covid-19 tests to American households in late September comes at a crucial time as the virus continues to gain a stronger foothold in the U.S. this summer. Through COVIDtests.gov, Americans will have the opportunity to request four free tests, providing them with a vital tool in
The future of Paramount Global is hanging in the balance as the special committee has decided to extend the “go shop” period of its merger agreement with Skydance by 15 days. This extension comes as Edgar Bronfman Jr. presents a competing offer for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. Initially offering $4.3
Ford Motor’s recent announcement regarding the delay in production of a next-generation all-electric pickup truck and the cancellation of plans for a three-row electric SUV highlights a shift in the company’s electric vehicle strategy. Instead of focusing solely on all-electric vehicles, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles.