Delta Air Lines recently revealed that the CrowdStrike outage that occurred last month had significant financial repercussions, costing the company approximately $550 million. This hefty price tag includes a $380 million revenue hit in the current quarter, primarily due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, the airline
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Jamie Dimon, the CEO of JPMorgan Chase, recently expressed his belief that the chances of a “soft landing” for the U.S. economy are only around 35% to 40%. In his view, a recession is the most likely scenario. This perspective differs from the general optimism prevailing in the markets, as Dimon highlighted various factors contributing
Disney’s media business, which was previously seen as a drag on the company’s overall performance, has shown signs of improvement in recent quarters. The company’s combined streaming services, including Disney+, Hulu, and ESPN+, turned a profit for the first time ever, reporting a profit of $47 million in the second quarter. This is a significant
Recently, Disney announced that it will be increasing the prices of its streaming platforms such as Disney+, Hulu, and ESPN+. The price increments are set to take effect in mid-October and will range from $1 to $6 per month, depending on the specific plan. This decision comes as Disney aims to maximize revenue and profitability
Yum Brands, the parent company of Pizza Hut and KFC, recently reported a mixed quarter as both of these brands experienced declining same-store sales. The CEO, David Gibbs, attributed these challenges to the impacts of the Middle East conflict and a more cost-conscious consumer base. This has created headwinds for same-store sales at both Pizza
Eli Lilly has made significant progress in addressing the shortage of their weight loss injection, Zepbound, and diabetes drug, Mounjaro. The U.S. Food and Drug Administration recently updated their drug shortage database to confirm that all doses of these medications are now available in the United States. This news comes after months of limited availability
Delta Air Lines CEO, Ed Bastian, recently extended a gesture of gratitude towards the employees of the airline who had to navigate through the chaos caused by a faulty CrowdStrike software update. This update resulted in significant disruptions that left thousands of customers and crew members stranded. The aftermath of this incident was alarming, with
Tadge Juechter, known as the “godfather” of the modern Corvette, has left an indelible mark on General Motors with his 47-year tenure at the Detroit automaker. His latest triumph comes in the form of the 2025 Chevrolet Corvette ZR1, which stands as the most powerful and fastest version of the iconic sports car to date.