Business

Tesla’s Decline in U.S. Electric Vehicle Market Dominance
Business

Tesla’s Decline in U.S. Electric Vehicle Market Dominance

Related media - Breaking news Tesla’s U.S. electric vehicle market share fell below 50% for the first time in the second quarter of the year, according to recent estimates from research firm Cox Automotive. Tesla’s share fell to 49.7% from 59.3% in the same period last year. The decline is notable as battery-powered vehicle sales have hit record highs during the same time frame. From April to June, Tesla faced increasing competition from General Motors, Ford, Hyundai, and Kia. Cox Automotive estimates, based on filings, company reports, and other data, highlight this shift. The latest quarter marks a significant milestone, as it is the first time Tesla’s market share has fallen below 50% in a single quarter. Despite Tesla's decline in market share, overall U.S. electric vehicle sales...
Meet David Ellison: Paramount’s New Leader
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Meet David Ellison: Paramount’s New Leader

Related media - Recent news David Ellison’s Hollywood journey has been filled with high-energy, adrenaline-filled blockbusters filled with suspense, stunts and unexpected twists. But on Sunday, he achieved his most significant milestone by negotiating a merger with Paramount after months of discussions with the company and its largest shareholder, Shari Redstone. If the deal goes through, he will oversee a vast media empire that includes CBS, MTV and the Paramount movie studio. Although Ellison, 41, has been among Hollywood's elite for over a decade, he's only just now entering the spotlight. Here's a rundown of his career. Who is David Ellison and what is Skydance? A look at Ellison's Internet Movie Database page reveals a modest acting career with minor roles in films such as "Flyb...
Jane McAlevey: A Life Dedicated to Workers’ Empowerment Ends at 59
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Jane McAlevey: A Life Dedicated to Workers’ Empowerment Ends at 59

Related media - News 24 hours Jane McAlevey, an influential organizer and labor scholar, died Sunday at her cabin in Muir Beach, California, at the age of 59. Her half-brother, Mitchell Rotbert, confirmed that multiple myeloma was the cause of death. McAlevey had previously undergone surgery for breast cancer. Throughout her career, McAlevey was a staunch advocate for the working class, emphasizing the importance of worker-led unions. She believed that member-led unions were the most powerful tools for combating economic inequality. In her numerous writings and media appearances, she criticized many U.S. labor leaders for what she saw as their complacency and collusion with corporate interests. McAlevey’s journey as an organizer began with successful campaigns for the AFL-CIO and the...
Otto Lucas, a “God in the hat world”, had famous designs that ended up in British Vogue magazine
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Otto Lucas, a “God in the hat world”, had famous designs that ended up in British Vogue magazine

Related media - Recent news This article is part of Neglected, a series of obituaries about extraordinary people whose deaths, beginning in 1851, were not reported by The Times. For many fashionable women of the mid-20th century, a hat wasn't worth wearing unless it was made by Otto Lucas. Lucas was a London milliner famous for his elegant turbans, caps and cloches, often made of fine velvets and silks and decorated with flowers or feathers. Her designs have graced the covers of magazines such as British Vogue and have been worn by illustrious clients, including actresses Greta Garbo and Gene Tierney, as well as the Duchesses of Windsor and Kent. Otto Lucas was a household name in England. At the height of his career, he sold thousands of hats a year around the world. “He must have b...
Ray Kurzweil’s Take on AI Fusion
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Ray Kurzweil’s Take on AI Fusion

Related media - Recent news Ray Kurzweil, a renowned inventor and futurist, continues to claim that humans will soon merge with artificial intelligence. During an interview at the Four Seasons Hotel in Boston, Kurzweil showed a graph illustrating the exponential growth of computing power over the past 85 years. This steady increase, according to him, indicates that the so-called Singularity, when humans and AI become one, will occur within the next two decades. Kurzweil, who has made a career out of making bold predictions, reiterated claims in his 2005 book, The Singularity is NearWith the advent of AI technologies like ChatGPT and efforts to implant computer chips into humans, he felt it was time to update his predictions, which led to his latest book, The singularity is closer. At...
Costner’s Expensive ‘Horizon’ Bites the Dust at the Box Office
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Costner’s Expensive ‘Horizon’ Bites the Dust at the Box Office

Related media - News 24 hours "Inside Out 2," featuring Anxiety personified, maintained its position as the top film in North America for the third consecutive weekend. Meanwhile, "A Quiet Place: Day One," a suspenseful prequel, exceeded expectations with its strong ticket sales. However, Kevin Costner’s three-hour film “Horizon: An American Saga – Chapter 1” was largely ignored by moviegoers. Originally intended for streaming, this supposed start to an Old West series eventually made it to theaters, but failed to attract significant interest. Pixar’s “Inside Out 2” was projected to gross $57.4 million, reaching a three-week total of about $470 million in the U.S. and Canada, according to estimates from box office analysts on Sunday. The well-received sequel is approaching $1 billion...
Chet Hanks and the Rise of a Controversial Meme
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Chet Hanks and the Rise of a Controversial Meme

More news - Recent news In the spring of 2021, Chet Hanks, son of Tom Hanks, sparked controversy by declaring that it would be a “white boy summer.” Initially ambiguous, the phrase has since been co-opted by white supremacist groups, according to a report by the Global Project Against Hate and Extremism. This year, the slogan has appeared in thousands of Telegram posts, used by far-right groups to recruit, organize protests, and incite violence, particularly against immigrants and LGBTQ individuals. The phrase now symbolizes an unabashed celebration of white heterosexual masculinity, often at the expense of women and people of color. Wendy Via, co-founder of the Global Project Against Hate and Extremism, noted that the meme has moved from the fringes of the Internet to mainstream pol...
USA Today Editor-in-Chief Terence Samuel Resigns
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USA Today Editor-in-Chief Terence Samuel Resigns

More news - News 24 hours USA Today Editor-in-Chief Terence Samuel announced Monday he is stepping down after a year in office. Samuel, a veteran journalist, had joined USA Today in July of the previous year from National Public Radio, where he had been a senior executive overseeing all newscasts. Neither Samuel nor USA Today gave a reason for his departure. In an email to the newsroom, Monica Richardson, a senior vice president at USA Today, said Samuel’s resignation was “effective today.” Caren Bohan, the political editor, will temporarily take over as managing editor while the publication conducts a national search for a new chief newsroom editor, Richardson wrote. In an interview on Monday, Samuel described his departure as "sudden," but did not provide further details about the ...
How Taylor Swift’s Eras Tour Could Affect Europe’s Economy
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How Taylor Swift’s Eras Tour Could Affect Europe’s Economy

More news - Latest news It's not just Taylor Swift fans who are keeping an eye on the dates of her Eras Tour. A leading European economist is well aware that the singer will be spending the summer touring Europe's stadiums. Philip Lane, chief economist at the European Central Bank, had the pop star in mind when he spoke at an event on Monday. The interviewer had asked him about the risk that persistent inflation in the services sector could intensify, especially as Europe heads into a particularly busy summer with the Paris Olympics and the Euro 2024 football championship in Germany. “Well, it's very interesting,” he said at the event. “You managed to say all of this without mentioning Taylor Swift.” Ms. Swift will tour Europe this summer, bringing with her hundreds of thousands of...
In the United States, hiring is on the rise, as are salaries
Business

In the United States, hiring is on the rise, as are salaries

Related media - Breaking news Employers created 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring gradually slowed. That's an increase from the average of 232,000 jobs over the previous 12 months, muddying the picture of an economy that is relaxing to a more sustainable pace. What most concerns the Federal Reserve, which meets next week and again in July, is the 4.1% increase in wages over last year, a sign that inflation may not yet have been defeated. “For those who thought they were going to see a rate cut in July, that door has largely been closed,” said Beth Ann Bovino, chief U.S. economist at U.S. Bank. While wage increases are good for workers, she noted, persistent price increases undermine their spendi...