Time For Apple To Rethink Its Movie Business Strategy
Recently, Apple leaned heavily on its movie business and started producing films with some of Hollywood’s top actors, such as Joaquin Phoenix, Scarlett Johansson, Matt Damon, and many more. Similarly, Apple announced its latest movie, “Wolfs,” starring veteran actors like Brad Pitt and George Clooney. Apple had to fight a bidding war in 2021 to…
John David
USPS’ Plans To Reduce Loss By Cutting Operation Costs
The US Postal Service said on Thursday that it needs to reduce costs more to make its operations and business profitable and improve its overall financial condition. To do that, the postal agency is looking to overhaul its delivery logistics. This might result in a delay in mail delivery for some people. Three years ago,…
Ford Halts EV Production: EV’s Future in Jeopardy?
Ford, which was once pushing for EV production to get ahead of other automakers, is once again slowing down its investment in electric technology and new battery-powered vehicles. Previously, the company announced a big pickup truck and a full-electric three-row electric Sport Utility Vehicle or SUV for its future all-electric lineup. However, the automakers announced…
EU Slashes Tariff Rates: A Winning Move For Tesla?
Recently, the EU imposed import tariffs on China-manufactured automobiles. Among these companies is the biggest automaker in the world, Tesla. However, the EU has curbed its tariffs on Tesla for various reasons. For other car manufacturers, the tariff rate is as high as 36%, but for Tesla, the tariff has been set to 9%, which…
Harris Proposes Raising Corporate Tax Rates To 28%
Vice President Kamala Harris has proposed raising the corporate tax rate from 21% to 28% if she is elected the president of the United States of America in the 2024 presidential elections on November 5. This is her first major plan to raise revenues and finance her expensive presidential pursuits. Harris’s campaign spokesman, James Singer,…
Red Drapes Closes On Paramount’s TV Studio As It Bows Out
The job cut fever is riding high, and many big companies are cutting their workforce to ensure a better and more efficient operational capability. Paramount is the next company to follow the suit. The media giant has announced that it will be closing down its television studio and, as a result, will lay off 15%…
$650 Million Crypto Fraud: SEC Cracks Down with Lawsuit
After reports of another crypto fraud, the US SEC has filed a lawsuit against a crypto company called NovaTech and its co-founder couple. According to the SEC( US Security and Exchange Commission), the founding couple raised over $650 million from around 200,000 investors worldwide, including many Haitian-Americans. The SEC mentioned that the co-founders Cynthia and…
Disney’s Massive Expansion Plan: Will It Make A Difference
Last year, Disney announced that it would be investing around $60 billion in expanding its theme parks and cruise business, double the amount that the company had previously invested in the last decade. This resulted in Disney’s share price dropping more than expected. According to sources, Wall Street wanted the specifics of the expansion, but…
New COO At Helm: Dan Govin Joins Sterling Construction
Sterling Infrastructure Inc. announced on Thursday that Dan Govin has been appointed as the company’s new COO. As the Chief Operating Officer, his job will revolve around executing Sterling’s strategic and operational activities. Dan is a pioneer in the field and brings 30 years of experience in operations and leadership to Sterling Infrastructure. Dan has…
After Revenue Numbers, Disney Faces a Bit of a Conundrum
After a long time, Disney returned to profitability in the third quarter of the financial year, thanks to its streaming business, which made money for the first time ever. The profitable quarter can also be attributed to the strong theatrical performance of their new movie, Inside Out 2. The operating income of Disney’s entertainment segment,…