Global wellness industry to surpass $6.8T in 2024, says report
The wellness economy is booming and hit a record high of $6.3 trillion globally in 2023. It is expected to reach nearly $6.8 trillion by the end of this year, surpassing the pharmaceutical and sports industries, according to new research by the Global Wellness Institute (GWI).
Nintendo cuts sales forecasts as Switch console demand declines
Nintendo has lowered its sales forecast for the Switch console and now expects to sell 12.5 million units instead of the previous 13.5 million. The company reported revenue fell 17%, and net profit plummeted 69% in the first half of its fiscal year.
Disney deploys new team to explore AI’s scope
Disney is setting up a new department called Office of Technology Enablement to oversee the integration of evolving technologies like artificial intelligence (AI) and extended reality (XR) across its film, TV and theme park divisions, reports Reuters.
The 2024 US election will go down as the most expensive yet
The 2024 US election has seen a projected $15.9 billion in total spending across all federal races, surpassing the 2020 record of $15.1 billion and far outpacing the $6.5 billion (not adjusted for inflation) spent in 2016.
Costly Boeing strike ends as mechanists accept an offer
Boeing workers will return to work tomorrow after 59% of members of the International Association of Machinists voted to ratify a new contract, ending a strike that’s crippled jetliner production for 53 days and cost the airplane manufacturer roughly $100 million a day.
