H&M, the world’s second largest retailer, faced a major setback as its shares plunged more than 14% in response to its second-quarter performance. The company reported a smaller-than-expected increase in profits for the period between March and May. Operating profit came in at 7.1 billion Swedish kroner, falling short of the anticipated 7.37 billion Swedish
In a groundbreaking effort to combat the rampant poaching of rhinos in South Africa, scientists have embarked on a unique project involving the injection of radioactive material into live rhino horns. The objective of this pioneering initiative is to make the horns easier to detect at border posts, ultimately deterring poachers who thrive on the
President Joe Biden’s Cabinet recently concluded a two-week barnstorming tour aimed at highlighting the administration’s economic accomplishments. The tour featured 29 public events organized by the White House, with over a dozen top administration officials promoting Biden’s economic agenda across 15 states, including key battlegrounds like Georgia, Nevada, Pennsylvania, and Michigan. Treasury Secretary Janet Yellen,
A recent study presented at the American Society of Clinical Oncology annual meeting delved into the tumor immune microenvironments of triple-negative breast cancer (TNBC). Dr. Yuan Yuan, director of breast oncology at Cedars-Sinai Cancer Center, provided insights into the background and initial findings of the study. The research involved analyzing genomic profiles of over 1,000
Southwest Airlines shares took a hit in premarket trading as the carrier announced a reduction in its second-quarter revenue forecast. The airline cited changing booking patterns as the reason for the downgrade. Southwest now expects a 4% to 4.5% decrease in revenue per available seat mile for the second quarter, significantly lower than its previous
The launch of the iPhone 15 Pro boasted the capability of running triple-A console games on mobile devices. However, despite the hype, major titles like Resident Evil, Assassin’s Creed Mirage, and Death Stranding have failed to capture the interest of iPhone users. A recent report indicates that these console games have not been successful commercially
The families of two young girls, Nuria Sajjad and Selena Lau, who tragically lost their lives in a school car crash in Wimbledon, have expressed their disappointment and criticized the decision not to charge the driver responsible for the incident. In a statement released by the Crown Prosecution Service (CPS), it was revealed that the
A24, the indie distributor known for its unique and groundbreaking content, has recently closed an investment round led by Thrive Capital, the New York investment firm of Josh Kushner. This marks a significant milestone for the company as it continues to grow and expand its reach in the entertainment industry. The investment round also saw
Despite growing concerns about the U.S.-China relations and the overall business environment, a recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term. The annual survey conducted by the China General Chamber of Commerce in the U.S. revealed that nearly 60% of companies aim to
The Brooklyn Nets have made significant changes to their roster in a strategic move aimed at securing the future success of the franchise. By trading their best player, Mikal Bridges, to the New York Knicks, the Nets have acquired a plethora of first-round picks that will allow them to build a solid foundation for years