The Latest Headlines at The AM Reporter
Russian ASAT Debris Squalls Exacerbated by Starlink Satellite Launches
Loose debris from a Russian anti-satellite missile is wreaking some havoc in orbit as pieces of ex-spacecraft circle the planet with alarming speed. The debris is left over from the destruction of the now-offline 2,200 kg signals... More of this article »
Disney+ Subscriber Growth Exceeds Expectations So Higher Prices On the Way
In the first week of August, the Walt Disney Company released its fiscal third quarter report, with substantial fanfare. This is because the report indicates Disney+ subscriptions increased to 152.1 million, easily beating their original... More of this article »
Even As Mortgage Rates Climb Above 5 Percent, Market Volatility May Be Slowing
Mortgage rates have increased to more than 5 percent this week, after falling below the same threshold for the first time in many months just a few weeks ago. Obviously this suggests the housing market is quite volatile right now... More of this article »
Is Expanding the Games Catalog Enough To Save Netflix?
With consistent monthly subscriber losses the current trend, Netflix continues to look for new ways to entice customers. One strategy they have employed, of late, is the addition of video games that are available at no extra charge... More of this article »
Experts Say Gas Prices Could Slip To Less Than $3 Within the Next Week
Approaching the end of the first week of November, crude oil prices fell to their lowest numbers sine the start of the Russian invasion of Ukraine, as the futures market hints at a possible recession with great potential to lessen... More of this article »
Pepsi Invests Minority Stake For Preferred Distributorship of Celsius Energy Drinks
On the first day of August, PepsiCo announced a new partnership with Celsius Holdings. The investment announcement mentions a long-term distribution deal to the tune of $550 million. This move certainly makes sense as energy drinks... More of this article »
Are You Affected by the Banana Boat Sunscreen Recall?
Last week, Edgewell Personal Care Company announced they have initiated a voluntary recall of Banana Boat sunscreen. In a recent press release, Edgewell revealed an initial review found the presence of benzene in at least three batches... More of this article »
Nikola Set to Acquire Battery Pack Supplier Romeo Power in $144 million Stock Deal
In the first week of August, electric heavy truck manufacturer Nikola revealed they reached a deal worth $144 million to acquire the battery pack supplier Romeo Power. This would give Nikola direct control over an important quadrant... More of this article »
Hershey Raises Outlook Despite Concerns over Inability to Meet Holiday Demand
Candymaker Hershey Co, last week, warned that it will likely fall short of meeting the demand for holiday candy this year. As is the case with many manufacturers—and across many industries—Hershey is dealing with supply chain... More of this article »
Inflation is Up, Coincidentally, So is Consumer Spending
While consumer spending held strong in June, inflation is still on the rise. As a matter of fact, a key metric the Federal Reserve bank tracks to gauge inflation jumped 6.8 percent last month. This is the biggest annual increase... More of this article »
Used Cars Are Selling For $10k More Than “Normal”
It should come as no surprise to hear that used-car prices have been skyrocketing the past couple of years, mostly as a result of supply-chain issues that formed late in the pandemic. Indeed, it seems like prices for everything from... More of this article »
American Airlines CEO Confides They Are Facing Troubling Times
Commercial airlines continue to struggle this summer, even as the travel season approaches full swing. Complications of returning out of the pandemic coupled with supply chain restraints and staffing problems mean, unfortunately,... More of this article »
United Airlines Posts Positive Financial Report
The summer travel season is getting into full swing, apparently, as air travel into and out of and within the United States is picking up. Delta Airlines reported a nice bump in second-quarter sales and American Airlines expects... More of this article »