Spirit AeroSystems, a key supplier for Boeing, is laying off approximately 450 workers at its Wichita, Kansas plant due to a slowdown in production following an incident in January where a panel flew off a Boeing 737 Max airplane operated by Alaska Airlines during a flight. The layoffs will reduce… Read More
Biking goes bust after a pandemic-era boom
Over the past few years, bicycle shops across the nation have experienced a rollercoaster ride, much like the famous Tour de France. The COVID-19 pandemic initially brought about a huge surge in bike sales, with shops selling 100 or more bikes in just a couple of days. In 2020, bike… Read More
This 60s icon is Britain’s first billionaire musician
Paul McCartney, the former member of the legendary band The Beatles, has become the first British musician to amass a fortune of 1 billion pounds ($1.27 billion), according to the annual Sunday Times Rich List released on Friday. The 81-year-old musician and his wife, Nancy Shevell, saw their wealth grow… Read More
Iconic 90s Las Vegas megahotel closes down
The iconic Mirage hotel-casino on the Las Vegas Strip will shut its doors this summer, marking the end of an era for a landmark credited with helping transform Sin City into an ultra-luxury resort destination. The July 17 closure will clear the way for major renovations and construction on the… Read More
Meme stocks roar back to life on Wall Street
Meme stocks are once again shaking up Wall Street, and it shouldn’t come as a surprise. Ever since groups of small-time, retail investors began driving up the stock prices of struggling companies to astounding levels three years ago, the potential for more flare-ups has been evident. However, there are some… Read More
Year-over-year inflation reached its lowest level of 2024
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve. Consumer prices rose 0.3% from March to April, the Labor Department said Wednesday, down slightly from 0.4%… Read More
Meme stocks, including AMC, surge like it’s 2021
Keith Gill, better known as “Roaring Kitty,” reappeared online after a three-year absence, causing a surge in the prices of meme stocks, particularly GameStop, on Monday. Gill, a central figure in the 2021 meme stock craze, posted a meme on the social platform X and a YouTube video explaining his… Read More
Shohei Ohtani interpreter likely to plead not guilty as a formality
The former interpreter for Los Angeles Dodgers star Shohei Ohtani is expected to plead not guilty Tuesday to bank and tax fraud, a formality ahead of a plea deal he’s negotiated with federal prosecutors in a wide-ranging sports betting case. Prosecutors said Ippei Mizuhara allegedly stole nearly $17 million from… Read More
Did the U.K. end its ‘technical recession,’ or is it a false summit?
The British economy bounced back strongly in the first three months of the year, bringing to an end to what economists termed a “technical recession”, official figures showed Friday. The Office for National Statistics said the economy grew by 0.6% in the first quarter from the previous three-month period, with… Read More
Beach Boys’ Brian Wilson placed in conservatorship
Brian Wilson, the legendary co-founder and creative force behind the Beach Boys, has been placed under a court-ordered conservatorship due to cognitive decline. The decision stems from concerns raised by Wilson’s family and inner circle following the January death of his wife, Melinda Ledbetter Wilson, who had previously managed most… Read More
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