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Radio giant Audacy files for bankruptcy as advertising plummets

Laura Martin, Senior Media and Internet Analyst at Needham & Company, discusses Netflix's wild trading range ahead of earnings in “Making Money.” Radio giant Audacy has filed for bankruptcy protection after falling advertising revenue. The Philadelphia-based company, which oversees major podcast and radio businesses and acquired CBS Radio, filed for Chapter 11 in U.S. Bankruptcy […]

China suggests giant pandas could return to US by end of 2024

China reaffirmed on Friday that the United States could reintroduce giant pandas by the end of the year, as long as the two countries can coexist peacefully. Chinese Foreign Minister Wang Yi made the announcement Friday at a commemorative ceremony marking the 45th anniversary of the establishment of diplomatic relations between China and the United […]

Shipping Giant to Avoid Red Sea for ‘Foreseeable Future’

Shipping giant Maersk said on Friday it would no longer use the Red Sea and Suez Canal “for the time being” and would divert all ships around Africa following attacks on commercial ships by Yemeni rebels. Danish companies cited a highly volatile situation and noted that security risks remain high. “We have therefore decided that […]

China promises return of giant pandas to California in 2024

Chinese Foreign Minister Wang Yi announced that giant pandas will return to the United States, especially California, by the end of the year. The statement was made at a celebratory dinner in Beijing commemorating the 45th anniversary of the establishment of diplomatic relations between the United States and China. The giant panda's return to California […]

Giant offshore wind project axed in blow to Biden’s green goals

Global energy developers Equinor and BP announced Wednesday that they are canceling a contract for a massive wind farm project to be built off the coast of New York. The companies announced that they have reached an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the offshore wind renewable […]

Saquon Barkley admits his ‘Giant for life’ dream is in jeopardy

Saquon Barkley said Wednesday he still wants to be a Giant for the rest of his life, but heading into what could be his final game against the team that drafted him No. 2 in 2018, he acknowledged that might not be possible. said he himself knows. “[Does] Are you thinking of a new start? […]

Shipping giant Maersk pauses operations through Red Sea again after Houthi attack

Danish shipping giant Maersk is once again suspending operations in the Red Sea following an attack on one of its ships by Iranian-backed Houthi rebels on Sunday. Maersk said on Tuesday. recommendation It announced it would suspend Red Sea navigation until further notice and continue to direct ships to Africa and the Cape of Good […]

Chinese EV giant BYD posts 62% jump in 2023 vehicle sales

China's BYD, the world's largest seller of battery electric vehicles (BEVs) and plug-in hybrid vehicles, announced on Monday that it sold approximately 3.02 million units in 2023, an increase of 61.9%. The Shenzhen-based automaker announced it has sold about 1.6 million battery EVs and 1.4 million plug-in hybrid EVs. BYD announced that it sold 340,178 […]