-6.1 C
Beijing
Wednesday, January 28, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

Immersive Sports Tech Company Cosm Expands with Global Ambitions

BusinessImmersive Sports Tech Company Cosm Expands with Global Ambitions

Cosm, an immersive sports-viewing technology company, is rapidly expanding across the U.S. and exploring international opportunities. The company has already built two dome venues in Los Angeles and Dallas, designed to replicate the experience of being in a live sports stadium. With plans to add new locations in Atlanta and Detroit by 2026, the company is now considering global expansion as interest surges from real estate developers and city officials worldwide.

CEO Jeb Terry revealed that Cosm is receiving daily inquiries from potential partners across Europe, China, the Middle East, Japan, and Australia. The growing demand signals a major opportunity to bring these venues to international markets, and the company is strategizing the best way to scale its operations globally.

Cosm’s cutting-edge technology is at the heart of its appeal. The company’s 87-foot-diameter LED domes and wall-to-wall screens create an immersive, shared sports experience, making viewers feel as if they are physically at the game. These high-tech venues have already gained significant investor backing, with $300 million raised from major sports figures, including Stan Kroenke (Los Angeles Rams), Marc Lasry (former Milwaukee Bucks owner), and Dan Gilbert (Cleveland Cavaliers owner).

With its sights set on further expansion, Cosm is preparing for another round of fundraising. While Terry did not disclose specific financial targets, he emphasized that the amount raised will be determined by how aggressively the company decides to scale.

“We’re looking to raise again in the future,” Terry stated. “It’s all about scale and how fast we want to grow, and we’ll navigate that as the year progresses.”

The company remains focused on profitability, with strong momentum behind its current venues and upcoming projects. As it continues to expand, Cosm is redefining how sports fans experience live events, offering an innovative alternative to traditional stadium attendance. With increasing global interest, the company is poised to transform the sports entertainment landscape on an international level.

READ MORE:

Check out our other content

Check out other tags:

Most Popular Articles