In a significant development within the food delivery sector, Grubhub has agreed to a settlement amounting to $25 million in response to a lawsuit brought by the Federal Trade Commission (FTC) and the Illinois Attorney General, Kwame Raoul. The lawsuit primarily focused on allegations that Grubhub engaged in a series of deceptive practices that adversely
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The stock market can often resemble a turbulent sea, with various winds of news pushing and pulling prices in unexpected directions. Recently, several companies have distinguished themselves by either gaining or losing ground significantly in midday trading. This article examines some of the notable movers, providing insights into their current positions and future outlooks. Teva
The U.S. Commerce Department made a significant commitment on Tuesday, revealing a finalized $406 million grant to Taiwan’s GlobalWafers, a move aimed at bolstering domestic production of silicon wafers. This funding is critical as it paves the way for the establishment of the first high-volume American production facilities for 300-mm wafers, a vital component in
As Germany gears up for a snap election on February 23, the political climate is charged with uncertainty and expectation. The recent collapse of Chancellor Olaf Scholz’s three-party coalition marks a pivotal moment in German politics, not only signaling the potential end of a troubled tenure but also spotlighting surging support for far-right factions. The
In a pivotal move to address its economic challenges, Chinese leaders have announced a significant increase in the budget deficit for the upcoming year. Set to reach 4% of the gross domestic product (GDP), this figure marks a record high for the nation, indicating a strategic shift towards what officials describe as a “more proactive”
In an exciting announcement, Waymo, a subsidiary of Alphabet Inc., revealed its plans to commence testing autonomous vehicles in the bustling streets of Tokyo starting in early 2025. This marks a significant milestone in Waymo’s journey as it seeks to broaden its horizons beyond the United States. While the company has yet to confirm the
In the competitive landscape of holiday cinema, Dwayne Johnson and Chris Evans’ film “Red One” has emerged as a remarkable phenomenon. Released on Prime Video after a successful theatrical run, “Red One” has achieved unprecedented viewership figures, attracting over 50 million global viewers within just four days. This achievement not only sets a new benchmark
The drone industry is witnessing significant growth, particularly fueled by a recent partnership between Red Cat Holdings and Palantir Technologies. On a recent Monday, shares of Red Cat soared by over 19%, attributed to this collaboration aimed at incorporating advanced visual navigation software into Red Cat’s drone systems. This development is not merely a technical
The emergence of the Unrivaled basketball league marks a significant milestone in women’s professional sports. With a recent Series A funding round totaling $28 million, Unrivaled has successfully positioned itself as a promising contender in the realm of competitive women’s athletics. President Alex Bazzell underscored the league’s potential, claiming that with a strong foundation of
Fathom Events is poised to make a significant impact in the entertainment industry in 2024, projecting gross revenues exceeding $145 million—a remarkable 45% increase from the previous year’s $100 million. This growth signals not only a recovery from the pandemic-induced slowdown but also a successful strategic shift from traditional film distribution to a model that