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EA Admits Planning Spending Cuts After Not Reaching Annual Bookings Targets

EA Admits Spending Cuts Plan After Failing to Reach Annual Bookings Target

Electronic Arts (EA) revealed that their full-year bookings were forecasted to be between $7.3 billion and $7.7 billion, which is below Wall Street estimates of $7.76 billion.


American Tutor Jailed in Russia After Breaking Into Children’s Library Drunk

An American tutor has been sentenced to 10 days in prison in Russia for engaging in "petty hooliganism."

Sam Ash Closes All 42 Stores After 100 Years

Musical instrument retailer Sam Ash announced it would be closing all of its stores by July 2024 after 100 years in the business.

UK Airports in Chaos Amid Border Force Passport E-Gates Crash Nationwide

Multiple airports in the UK are currently experiencing issues with their Border Force passport e-gates.


Latest News

What Biden’s Proposed Capital Gains Tax Increase Mean to Investors
Several financial experts say the Biden administration’s proposal to raise capital gains tax will negatively affect the US economy.
How to Pay Household Debt In a Time of Economic Hardship
With US household debt reaching all-time high, people can pay off their debt by sticking to their preferences and asking for financial advice.
GM Now Luring Tesla Interns Affected by Elon Musk's Layoffs
GM is to the rescue as it tries to lure Tesla interns affected by Elon Musk's layoffs. Here's what a GM spokesperson shared.
Thousands Of San Francisco Area Restaurants Turn Food Waste Into Fertilizer
Hungryroot revolutionizes food delivery with AI-driven precision portioning, reducing waste by 80%. About one-third of all food produced in the United States is wasted and in landfills.
TikTok Accuses Biden Administration of 'Political Demagoguery' Amid Negotiations
TikTok is challenging the app ban. The US government is now planning to block another Chinese company, DJI.
Japan Bolsters Defense Supply Chain by Contracting JSW To Produce Armored Vehicles for Self-Defense Forces
Japan is now bolstering its defense supply chain. As part of this effort, the Japanese government contracted JSW to produce armored vehicles.
Peloton Pauses Production Of Its Bike As Demand Decreases
Private equity firms are considering buying Peloton amid the CEO's departure and cost-cutting efforts. Restructuring aims to reduce expenses, and debt refinancing is in progress.
House To Vote On Bill That Would Ban TikTok In U.S. Unless Its Chinese Owner ByteDance Sells
TikTok and ByteDance sue US government over law potentially banning TikTok, arguing it violates free speech.
FRANCE-CHINA-POLITICS-DIPLOMACY
French cognac makers saw their stocks surge after President Emmanuel Macron hinted at easing trade tensions with China.
Elon Musk Bashes Boeing for Having Too Many Non-Technical Managers Amid Tesla Layoffs
Elon Musk says Boeing has too many non-technical managers, criticizing the company while he continues to conduct Tesla layoffs.
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