The semiconductor industry is currently facing a challenging labor market characterized by intense competition for talent. With the dispersion of funding from the CHIPS and Science Act aimed at boosting domestic production, companies in the sector are expediting their recruitment efforts. However, the road ahead is not without obstacles, as projections suggest a looming shortfall
Business
HBC, the parent company of Saks Fifth Avenue, recently announced the acquisition of Neiman Marcus Group in a $2.65 billion deal. This merger will bring together two iconic retailers, establishing Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ department store chain, and Bergdorf Goodman. The move was hailed as a
Women’s soccer is undergoing a transformation in the world of sports ownership with the introduction of private equity investors. Unlike other major U.S. sports leagues such as the NBA, MLS, MLB, and NHL, where private equity investors are limited to passive, minority stakes, the National Women’s Soccer League (NWSL) has opened its doors to these
Flight delays are often attributed to bad weather conditions that can affect air travel routes. Thunderstorms, in particular, can cause disruptions in flight schedules, leading to late departures and longer routes to avoid the storm. One of the measures taken during bad weather conditions is the issuance of ground stops by the Federal Aviation Administration.
General Motors recently announced its best quarterly sales in over three years, showcasing significant growth in full-size pickup trucks and all-electric vehicles. The company reported sales of 696,086 units for the second quarter, marking a 0.6% increase from the previous year. This surge represents the highest quarterly sales volume since the fourth quarter of 2020.
Boeing’s recent announcement of the acquisition of Spirit AeroSystems in an all-stock deal worth $8.3 billion has stirred the aviation industry. The deal, aimed at improving safety and quality control, comes in the wake of a series of production issues that have plagued Boeing in recent years. Spirit AeroSystems, based in Wichita, Kansas, is a
In a time where the movie industry is desperately seeking fresh content and audiences are becoming more selective, Fathom Events has managed to achieve extraordinary success. For two decades, the collaboration between major theater chains AMC, Regal, and Cinemark has been recognized for bringing alternative content to cinemas, including classic Hollywood films, live broadcasts of
Disney and Pixar’s “Inside Out 2” has reached a significant milestone by joining the billion-dollar club. With a global tally of $1.014 billion as of Sunday, the animated feature has secured its position as the highest-grossing film of 2024. This achievement marks a major win for the film industry and is a cause for celebration
The Summer Fancy Food Show, hosted by the Specialty Food Association, showcased a variety of emerging food trends that are set to dominate menus and grocery store shelves. Fish emerged as a popular protein choice, with exhibitors highlighting tinned fish products in a variety of flavors and packaging options. The use of honey as a
The U.S. Track & Field Olympic Trials this year have seen a new wave of unsponsored athletes making waves in the sporting world. These athletes are donning all-black, logo-less gear thanks to the support of Bandit Running’s Unsponsored Project. The project aims to challenge the traditional sponsorship model for professional athletes and provide a platform