The annual Monterey Car Week is a highly anticipated event in the classic car world, featuring prestigious auction houses and attracting wealthy collectors from around the globe. However, recent data from Hagerty shows that auction sales in Monterey fell by 3% compared to the previous year. This decline has been attributed to a shift in
Business
The future of Paramount Global hangs in the balance as a competing offer from Edgar Bronfman Jr. emerges. Initially offering $4.3 billion, Bronfman’s bid includes a minority stake in Paramount. However, he later increased the offer to a staggering $6 billion in an attempt to outbid Skydance Media’s merger agreement. To further complicate matters, the
Ford Motor’s recent announcement to delay production of a next-generation all-electric pickup truck at a new plant in Tennessee and cancel plans for a three-row electric SUV marks a significant shift in the company’s electric vehicle strategy. Instead, Ford is now prioritizing the development of hybrid models and electric commercial vehicles in an effort to
Alaska Airlines has announced that their plan to acquire Hawaiian Airlines has successfully cleared the U.S. Justice Department. This significant milestone comes after the end of the antitrust regulators’ investigation period, which did not result in a lawsuit to block the $1.9 billion agreement between the two carriers. Now, both airlines await approval from the
California Gov. Gavin Newsom recently signed 10 new bills into law aimed at combating retail crime in the state. These new laws target various aspects of retail theft, including shoplifting, theft from vehicles, organized crime rings, and the resale of stolen goods online. The issue of retail theft has been a growing concern for retailers,
Starbucks, a coffee giant known for its popularity and convenience, has been facing significant challenges related to mobile orders. The rise in digital sales, particularly through the mobile app, has led to congestion at Starbucks cafes, frustrated customers, and overwhelmed baristas trying to keep up with the demand. Former CEO Howard Schultz has identified the
SpaceX, in partnership with billionaire Jared Isaacman, is on the cusp of a groundbreaking new mission that promises to redefine the boundaries of private spaceflight. The Polaris Dawn mission is the first in a series of three flights acquired by Isaacman as part of his ambitious Polaris Program. Scheduled to blast off from Florida on
The recent success of “Deadpool & Wolverine” has signaled a shift in the landscape of the superhero genre. With the film becoming the highest-grossing R-rated title of all time, it has demonstrated that audiences are open to darker and more mature content within the Marvel Cinematic Universe. This success not only showcases the durability of
Walmart’s CEO, Doug McMillon, recently revealed that despite the overall drop in prices of many items at Walmart, there has been a struggle to reduce prices in certain sections of the store. Dry groceries and processed foods, including soft drinks, have seen persistent inflation, making it difficult for Walmart to maintain low prices across all
Starbucks has made a bold move in offering Brian Niccol a substantial pay increase and attractive one-time awards to entice him to leave his position as CEO of Chipotle Mexican Grill. As he transitions to his new role as CEO and Chair of Starbucks, Niccol’s main objectives will be to revitalize the company’s declining sales,