CEO Russell Weiner said he expects more fast-food chains will report that winter weather and weak consumer sentiment hurt their quarterly sales.
Blue Origin is raising $10 billion at a $130 billion pre-money valuation from investors including Coatue Asset Management and Jeff Bezos. This marks the company's first external fundraise and follows a recent rocket explosion and setback.
Jeff Bezos's Blue Origin is reportedly raising $10 billion in private capital, valuing the company at $130 billion. Coatue Management is expected to lead with $4 billion, with institutional investors and Bezos contributing the rest. This move aims to fund ambitious spaceflight projects and compete with SpaceX.
US manufacturers, facing staffing shortages, are offering flexible work hours and shift choices to blue-collar workers, a model pioneered by GE Appliances with its "Uber of manufacturing" app-based system. This allows workers to pick shifts and tasks, attracting those seeking part-time work or less demanding roles, while also retaining experienced employees.
US airlines incurred $6.66 billion in jet fuel costs in May, marking the second consecutive month above $6 billion. This represents an 84% increase from the previous year, driven primarily by higher fuel prices rather than increased consumption. The ongoing impact of Middle East conflict and volatile energy prices continues to affect the industry.
Applications for Startup Battlefield Australia have been extended to July 20 due to high interest. Selected founders will pitch to investors, media, and industry leaders, with the top three receiving Stripe credits and the grand prize winner gaining entry to TechCrunch Disrupt in San Francisco.
Netflix faces declining viewership after initial seasons, with shows like 'Beef' losing 70% of viewers. Factors include long waits between seasons, competition from free platforms like TikTok and YouTube, and the legacy of its own binge-watching model, which hinders long-term engagement.
