The semiconductor industry is currently facing a tight labor market, with competition for talent on the rise. This has been further exacerbated by the funding received from the CHIPS and Science Act, aimed at boosting domestic production. Studies have shown that the U.S. chips industry is projected to experience a shortage of 67,000 technicians, computer
Business
HBC, the parent company of Saks Fifth Avenue, announced a significant move in the retail industry by acquiring Neiman Marcus Group in a deal worth $2.65 billion. This acquisition will bring together two iconic luxury retailers, creating Saks Global. The newly formed entity will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’ department stores,
The hot dog eating world has a new champion, and his name is Patrick Bertoletti. This year’s Nathan’s Hot Dog Eating Contest saw a change in the tide after Joey Chestnut’s departure from the event. The 16-time winner had a falling out with Major League Eating, the organizers of the competition, leading to a more
Women’s soccer is undergoing a transformative shift in ownership structure, unlike any other major U.S. sports league. While leagues like Major League Soccer and the NBA have allowed private equity investors to hold passive, minority stakes, the National Women’s Soccer League (NWSL) is paving the way by permitting these firms to take majority control of
Ford’s second quarter sales saw a 1% increase compared to the same period last year, with truck sales leading the way with a 5% gain. The total number of trucks sold during this period reached 308,920 vehicles, marking the best second-quarter performance for this category since 2019. The F-Series, in particular, accounted for 199,463 of
Flight delays are a common frustration for travelers, often leading to missed connections and disrupted plans. While bad weather is a typical culprit, there are many other factors at play. From ground stops issued by the Federal Aviation Administration to mechanical issues and airport congestion, there are various reasons why flights may be delayed. United
The Florida Panthers, the National Hockey League Stanley Cup champions, have recently made a significant move by signing a multiyear deal with E.W. Scripps to broadcast their regular season games on local broadcast networks in Florida. This decision marks a departure from their previous cable TV regional sports network home. The new partnership with Scripps
Recently, media mogul Barry Diller’s IAC has shown interest in acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount Global. While National Amusements previously halted talks with Skydance regarding a proposed merger with Paramount, discussions are now underway with IAC. Diller’s company has signed a nondisclosure agreement and
General Motors recently reported its best quarterly sales in over three years, showcasing significant increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker shared that sales for the second quarter reached 696,086 units, a 0.6% increase from the previous year, marking its highest quarterly sales since the fourth quarter of 2020. Notably, the
Boeing’s announcement to buy back Spirit AeroSystems in an all-stock deal raises questions about the company’s strategic decision-making process. The aerospace giant cited safety and quality control as the main reasons for the acquisition, implying that there were issues in these areas that needed to be addressed. However, the timing of the acquisition, coming after