Party City, a struggling retailer, is on the verge of collapse due to a sudden drop in inventory value that has left lenders demanding a $50 million reserve. The company had hired Hilco Valuation Services LLC to re-appraise its inventory, but the new valuation reduced the net liquidation value of key asset categories. Lenders, who … Read more
The US Senate has introduced a NASA authorization bill that would accelerate work on commercial space stations and address cost overruns on science programs. The bill, which was formally introduced on December 18 by Sen. Maria Cantwell (D-Wash.) and Sen. Ted Cruz (R-Texas), aims to set an ambitious course for America’s space program. The bill … Read more
Hannah Katzir, a 76-year-old Israeli woman taken captive during the October 7 massacre at Kibbutz Nir Oz, has died. Her husband Rami was killed in the attack, and her son Elad was murdered in captivity. Katzir’s friends and family described her as having a “huge heart” who would always give to others. She was a … Read more
German eVTOL startup Lilium has ceased operations, halting its decade-long effort to deliver electric air taxis despite a significant investment of over $1 billion. Co-founder Dr. Patrick Nathen announced the news on LinkedIn, stating that nearly 1,000 employees had been laid off with only a small number remaining to manage the liquidation process. Lilium’s struggles … Read more
A deadly bridge collapse in northeastern Brazil has killed four people and sent trucks loaded with toxic chemicals into a river, raising concerns about water contamination. The 533-meter-long Juscelino Kubitschek de Oliveira bridge collapsed on Sunday, causing over a dozen vehicles to fall into the Tocantins River. Four people died in the incident, and three … Read more
The Israeli military’s relentless bombardment of the Gaza Strip has brought unprecedented suffering to civilians, with multiple attacks reported in various locations across the region. The assaults have resulted in significant loss of life, with nine Palestinians from the same family killed in Jabalia, and ten more in Khan Younis. A recent incident saw two … Read more
As financial scams continue to rise during the holiday season, it’s essential to stay vigilant and proactive in protecting yourself from digital deception. Banks are investing heavily in advanced security features, but scammers are also leveraging these technologies to target consumers. A recent study by Social Catfish has identified four major AI-enhanced scams targeting holiday … Read more
Apple is moving closer to adopting microLED displays, a technology that promises brighter and more efficient screens with improved color accuracy. Foxconn, a key supplier for the company, has announced plans to begin mass production of microLED screens late next year. Currently, Apple uses OLED displays in its products such as the iPhone, iPad, and … Read more
A groundbreaking study published in Neurology found that Atogepant, a new migraine prevention drug, can provide immediate relief and significantly reduce migraine occurrences from the first day of use. The results showed that participants taking atogepant had fewer migraines each week compared to those taking a placebo. Current migraine treatments often take weeks or even … Read more
The holiday season is the perfect time to score some amazing deals on Nintendo Switch games. Here are 15 fantastic titles to consider. Sonic Mania ($17, Walmart) – A nostalgic return to form for the Sonic series with Easter eggs galore. Cult of the Lamb ($19, Amazon) – A critically acclaimed roguelike with a unique … Read more