Spirit Airlines has announced that it will defer deliveries of new Airbus planes in an effort to boost liquidity. The decision to defer all Airbus planes scheduled for delivery from the second quarter of 2025 through the end of 2026 will provide the airline with an additional $340 million in liquidity over the next two
Business
Gatorade, a brand that will soon be celebrating its 60th birthday, has long been considered the dominant force in the sports drink industry. Since its inception in 1965, Gatorade has consistently held a significant market share, capturing 63.5% of the U.S. sports drink market in 2023. While its closest rivals, including Powerade and Bodyarmor from
Artificial intelligence has been a game-changer in the field of weather forecasting, revolutionizing the way meteorologists analyze and predict weather patterns. With recent breakthroughs in generative AI, the accuracy of weather forecasts has the potential to significantly improve. Companies like Spire Global are taking advantage of this technology in collaboration with industry giant Nvidia to
Ford Motor Company is facing some setbacks in the production of its new all-electric large SUV and pickup truck. The company announced that it is postponing the production of these vehicles, shifting its focus to offering hybrid options across its entire North American lineup by 2030. The delay in the production of the three-row SUV
Disney shareholders reelected the media conglomerate’s full board, handing a stinging defeat to activist Nelson Peltz and former Marvel CEO Ike Perlmutter. Peltz-led Trian Partners sought to make changes at the iconic company, including the removal of two directors due to share underperformance, failed succession planning, and misdirected investments. However, shareholders overwhelmingly supported Disney in
The Spring housing market is currently displaying unexpected trends that go against the usual patterns seen in the real estate industry. Contrary to the belief that higher mortgage rates would lead to a cooling off period in both prices and competition, the market is still thriving. Historically, an increase in mortgage rates has resulted in
As Macy’s makes plans to close around 150 stores, competing retailers are seeing an opportunity for growth in the market. Retail giants like Target and Kohl’s have expressed optimism about the potential increase in sales as a result of Macy’s store closures. In addition, off-price chains like T.J. Maxx, Ross, and Nordstrom could also benefit
United Airlines is currently facing a pilot shortage due to production problems and safety issues at Boeing. The airline has asked pilots to take unpaid time off next month as a result of late-arriving aircraft from the manufacturer. This request comes after United has experienced a reduction in forecast block hours for 2024, which is
Toyota Motor is currently considering expanding its U.S. truck lineup to potentially include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. The decision comes as the automaker evaluates customer demand and responds to stricter federal emissions and fuel economy regulations. Jack Hollis, executive vice president of Toyota Motor North America,
The manufacturing cost of the blockbuster diabetes drug Ozempic has been a topic of discussion recently, with a study suggesting that it could be produced for less than $5 a month, even though Novo Nordisk charges close to $1,000 per month for the injection in the U.S. This stark difference in cost has raised eyebrows