Reaction Engines, the British hypersonic aviation pioneer, has gone into administration after weeks of discussions with potential backers failed to result in a rescue deal. Sky News has learned that 173 of the company’s 208 staff were made redundant on Thursday morning by PricewaterhouseCoopers (PwC), the administrators. The collapse of a company which manufactures advanced … Read more
X’s Community Notes program, which relies on crowd-sourced fact-checking, has been criticized for not effectively addressing the spread of misinformation related to the U.S. elections on Elon Musk’s social media platform. A report published by the Center for Countering Digital Hate revealed that a significant number of misleading posts were not corrected by accurate notes … Read more
The return of the slasher movie genre, which had long been dormant, came with some important conditions. The new films were either part of a well-established franchise (like the updates to Scream or Halloween, or next year’s I Know What You Did Last Summer) or they relied on a quirky gimmick. We saw time loops … Read more
Caesars Entertainment surprised investors with a third-quarter loss, falling short of market expectations. The company attributed the poor results to new competition and disruptions caused by construction in regional markets. Following the news, Caesars’ shares dropped by 4% in after-hours trading. Instead of the expected profit of 12 cents per share, Caesars reported a loss … Read more
Developer Bioware faced a tough challenge with Veilguard. After a decade since the last Dragon Age game, fans had high expectations, especially considering the studio’s struggles with previous releases like Mass Effect: Andromeda and Anthem. While Veilguard introduces charming characters and new locations to explore, the writing is lackluster and the combat becomes repetitive quickly. … Read more
Vertiv (VRT), a company that specializes in digital infrastructure technology for data centers and communication networks, exceeded Wall Street’s expectations for the third quarter but provided mixed guidance for the current period, causing VRT stock to fall in early trading. The Westerville, Ohio-based company reported an adjusted earnings of 76 cents per share on sales … Read more
Kimberly-Clark Corporation (NYSE: KMB) announced its third-quarter 2024 results on Thursday, exceeding earnings expectations but falling short on revenue projections. The company also adjusted its full-year forecast for organic sales growth. The consumer goods company reported adjusted earnings per share of $1.83, beating the analyst consensus of $1.70. However, revenue for the quarter came in … Read more