The appointment of Antonio Filosa as the CEO of Stellantis marks a significant pivot for a multinational automaker grappling with both internal and external challenges. Following the unexpected resignation of former CEO Carlos Tavares amid plummeting profits and declining sales, the selection of Filosa has emerged as a beacon of hope for a fractured organization.
Business
The recent surge in shares of movie theater companies signifies a pivotal moment in the industry, with a staggering $326 million grossed over Memorial Day Weekend—an unprecedented achievement. This meteoric rise can be attributed to the convergence of multiple forces that have rekindled the appetite for cinematic experiences. The much-anticipated releases of Disney’s live-action “Lilo
For decades, Southwest Airlines has been a beloved staple in air travel, lauded for its unique policies like allowing customers to check two bags for free. This hallmark feature, cherished by passengers, is about to become a distant memory. Starting this Wednesday, Southwest will initiate baggage fees for the first time in over half a
The recent non-prosecution agreement between the U.S. Justice Department and Boeing, a corporate titan, exemplifies a troubling dynamic where accountability seems painfully negotiable. This deal allows Boeing to sidestep prosecution for two of its 737 Max aircraft crashes that led to the tragic loss of 346 lives. It is reminiscent of a half-hearted concession in
As we stare into the abyss of the upcoming 2025 hurricane season, government scientists have handed us a sobering prediction. The National Oceanic and Atmospheric Administration (NOAA) has outlined a 60% chance that this season will surpass historical averages, warning us to brace for 13 to 19 named storms. Particularly concerning is the expectation that
Automotive enthusiasts are experiencing a jolt of transformation as Toyota Motor Corporation announces its leap into the future—exclusively offering the RAV4 as a hybrid or plug-in hybrid for the 2026 model year. This strategic change could fundamentally reshape the landscape of the American automotive sector. Toyota, the established leader in hybrid technology, is clearly setting
When Commissioner Roger Goodell announced the potential for the NFL to expand its international footprint with the prospect of playing as many as 16 regular-season games abroad within the next five years, it felt like both a thrilling vision and a stark warning for the league. The NFL has long reveled in its domestic dominance,
In an unfolding saga that speaks volumes about the state of gaming in New York, Wynn Resorts has decided to disengage from its pursuit of a casino license in the vibrant Hudson Yards. This is a $2.7 billion retreat that illuminates a deeper malaise afflicting the region’s gaming landscape. The company’s announcement reflects a broader
The recent announcement of the merger between Charter Communications and Cox Communications has sent shockwaves through the landscape of the cable industry. Valued at a staggering $34.5 billion, this deal marks one of the largest consolidations in corporate America. While proponents may sing praises of the merger as a strategic move to ‘simplify’ the landscape,
In a landscape where many restaurant chains cautiously wave the white flag, Cava stands defiant, announcing a striking 10.8% growth in same-store sales for the three-month period ending April 20. Compounding the delight for stakeholders, this figure exceeds industry expectations of 10.3%. While the broader culinary world faces uncertainty, where consumers curb discretionary spending amid