In a move that could unsettle long-time subscribers, Netflix has announced a significant price hike for several of its plans in the U.S. and other key markets. This increases reflect both the pressures and strategies coming from a fiercely competitive streaming environment and the company’s response to its evolving subscriber base. The streaming giant’s latest
Business
Recent disclosures from American investment banks have revealed an extraordinary quarter, characterized by unprecedented trading volumes driven largely by political events such as the U.S. presidential election. This unusual surge in market activity has played a crucial role in reshaping the financial landscape. For instance, JPMorgan Chase experienced a phenomenal 21% increase in its fourth-quarter
The Federal Trade Commission (FTC) recently filed a notable lawsuit against PepsiCo, accusing the beverage titan of engaging in illegal price discrimination practices. This legal action springs from allegations that Pepsi, in violation of the Robinson-Patman Act, offered preferential pricing arrangements and promotional allowances to a specific unnamed retailer. Sources have since identified this retailer
In a recent setback for SpaceX, the Federal Aviation Administration (FAA) announced that the ambitious Starship rocket is to remain grounded pending an investigation into the chaotic midflight failure experienced during its last test. This breakdown not only hindered SpaceX’s testing schedule but also led to significant disruptions in commercial air travel, forcing multiple airlines
As autonomous vehicles evolve and the landscape of urban mobility accelerates, 2023 may serve as a decisive period for Amazon’s ambitious project, Zoox. Positioned as a significant player in the autonomous vehicle sector, Zoox is working towards scaling its operations and initiating its innovative robotaxi service. Co-founder and Chief Technology Officer Jesse Levinson has indicated
The introduction of a $2,000 cap on out-of-pocket spending for prescription drugs marks a pivotal shift in health care policy for Medicare patients. As outlined in the AARP report released on Thursday, this new regulation—part of President Biden’s 2022 Inflation Reduction Act—has the potential to dramatically alleviate the financial burden faced by many older adults
In light of its remarkable financial performance, JPMorgan Chase is grappling with a strategic dilemma: how to effectively utilize its substantial excess capital estimated at around $35 billion. This situation was described by CFO Jeremy Barnum as a “high-class problem,” a term that illustrates both the strength of the bank’s profitability and the complexities that
In 2024, Boeing found itself grappling with significant challenges that led to a notable decrease in airplane deliveries. The aerospace giant reported the delivery of just 348 aircraft, marking a decline of about one-third compared to the previous year. This downturn can be attributed to a severe crisis stemming from a midair incident involving a
In a significant announcement, biotech firm Moderna has revised its revenue expectations for 2025, anticipating a drop of approximately $1 billion. This adjustment underscores the challenges the company faces as it navigates a rapidly evolving landscape, marked by intense competition, fluctuating vaccination rates, and strategic operational changes. As a primary player in the vaccine market,
The wildfires plaguing Los Angeles have ignited a series of challenges not only for residents but also for the airline industry. As flames continue to engulf parts of the city, airlines have taken significant steps to ease the burden on travelers facing disrupted plans. Major carriers such as American Airlines, United Airlines, Southwest Airlines, and