In recent weeks, California’s wildfire season has intensified, severely affecting both communities and local businesses. Among the companies facing significant stock pressure is Edison International, the parent company of Southern California Edison (SCE), which provides power to the Los Angeles area. On a particularly volatile Wednesday, the company’s shares plummeted by 13%, reflecting a broader
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The stock market is a dynamic landscape characterized by fluctuations influenced by various factors, including corporate performance and analyst recommendations. Recent market activity highlights the shifting landscape with a mix of upward and downward movements across multiple sectors. This article will delve into key companies that have made headlines just before the market opened, shedding
Among the myriad tools designed for film enthusiasts, Letterboxd has emerged as a prominent platform that uniquely caters to cinephiles. Founded in New Zealand in 2012 by Matthew Buchanan and Karl von Rando, this social network for movie lovers has witnessed exponential growth, reaching an impressive 17 million members in 2024—up from 11.4 million just
In recent weeks, the electric vehicle manufacturer BYD (SZ:002594) has emerged at the center of a labor controversy in Brazil, raising significant concerns regarding the employment practices of foreign companies operating in the country. A total of 163 workers were found in conditions of forced labor, a revelation made by Liane Durao, a labor inspector
In an era where customer loyalty is paramount, Delta Air Lines’ recent announcement to partner with Uber marks a significant pivot in its strategy for enhancing customer experience and engagement. This switch from Lyft to Uber comes after an eight-year collaboration with the smaller ride-hailing company, signaling Delta’s intent to align itself with a more
In an effort to bolster its struggling economy, China has recently embarked on a series of ambitious policy initiatives aimed at stimulating domestic consumption and ensuring stable growth. As the nation grapples with challenges, including sluggish demand and the impending threat of increased U.S. trade tariffs, the government has articulated several strategies to address these
In a shocking turn of events, Ann Altman, sister of OpenAI CEO Sam Altman, filed a lawsuit on Monday accusing him of perpetuating a prolonged history of sexual abuse that allegedly began when she was just three years old. The suit, filed in the U.S. District Court in the Eastern District of Missouri, outlines a
In a noteworthy shift within the independent film industry, Mubi, a prominent platform specializing in curated cinema, has announced the appointment of Arianna Bocco as its Senior Vice President of Global Distribution. This comes on the heels of a successful Golden Globe victory for Demi Moore in the much-acclaimed film “The Substance.” With a long-established
In a bold pivot away from traditional content moderation practices, Meta, the parent company of Facebook and Instagram, announced its decision to scrap its third-party fact-checking program. Instead, the company will adopt a user-driven initiative dubbed “Community Notes,” resembling the model pioneered by Elon Musk’s platform X. This change comes amid a backdrop of heightened
Stellantis has embarked on a significant overhaul of its Ram heavy-duty truck lineup, aiming to reverse a troubling trajectory of declining sales over the past three years. With the introduction of the redesigned Ram 2500 and 3500 models, the automaker is making a statement in a competitive market that includes formidable rivals like Ford and