Boeing announced on Monday its plans to acquire the struggling fuselage maker Spirit AeroSystems in an all-stock deal aimed at improving safety and quality control within the company. The deal involves Boeing paying $37.25 per share in Boeing stock for Spirit, which translates to an equity value of $4.7 billion. Including Spirit’s debt, the total
Recent developments in France’s parliamentary elections have had a significant impact on the currency markets, particularly in relation to the euro. Marine Le Pen’s far-right National Rally (RN) party emerged victorious in the first round of elections, albeit with a smaller share of the vote than initially projected. This outcome led to a rise in
The euro reached a 10-day high following the first round of France’s unexpected snap election, with the far-right party leading the initial results. Despite the outcome, there is still uncertainty surrounding the final results, leading investors to prepare for potential market volatility. Marine Le Pen’s National Rally (RN) emerged as the front runner in the
Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, has recently achieved a significant milestone with the launch of its incentivized testnet named “Odyssey.” This testnet has already attracted 100,000 connected wallets and facilitated over 17 million transactions in preparation for the upcoming mainnet launch. Backed by Cypher Capital, a prominent crypto
Disney and Pixar’s “Inside Out 2” has surpassed all expectations by joining the prestigious billion-dollar club. With a worldwide total of $1.014 billion, the film has not only become the highest-grossing movie of 2024 but has also secured its place as the first animated film since Warner Bros.’ “Barbie” to reach such a monumental milestone.
In the current market environment, the co-founder and chairman of MicroStrategy, Michael Saylor, has emphasized the significance of Bitcoin. Saylor’s statement that “Bitcoin expands your universe” comes at a time when the trading activity of Bitcoin on weekends has plummeted to a record low of just 16% this year. This shift in trading patterns indicates
Billionaire investor Peter Thiel recently shared his views on Bitcoin, suggesting that the cryptocurrency may have already reached a significant portion of its potential value. Thiel believes that there will not be any major price surges for Bitcoin in the near future, indicating that the days of substantial growth may be behind us. Thiel expressed
In the fast-paced world of investments, one of the most revered metrics used to evaluate stocks is the price-to-earnings ratio (PE ratio). This ratio is calculated by dividing a stock’s price by its net income per share. The concept is simple – the higher the PE ratio, the more investors believe that the business will
In a time where the entertainment industry is struggling to attract audiences and the box office is experiencing a drought of content, Fathom Events has defied the odds by achieving record revenue gains. With a rich history of 20 years, Fathom Events, a joint venture between theater giants AMC, Regal, and Cinemark, has made a
Darden Restaurants, the owner of popular dining brands such as Olive Garden and LongHorn Steakhouse, recently reported fourth-quarter results that were a mix of positive and negative. While the company beat earnings expectations, it fell slightly short on sales due to increased discounting by competitors. Despite this, Darden announced a dividend increase of nearly 7%,