Costco Exceeds Earnings Forecasts as E-Commerce Sales Surge Costco Wholesale Corporation delivered impressive quarterly results, surpassing Wall Street’s expectations for earnings and revenue. The membership-based warehouse giant benefited from strong e-commerce growth and robust demand for products like jewelry, luggage,…
UnitedHealth Group CEO Reflects on Brian Thompson’s Tragic Death, Calls for Urgent Healthcare Reform UnitedHealth Group CEO Andrew Witty has expressed profound grief over the death of Brian Thompson, who led the company’s insurance division, while addressing the broader challenges…
Restaurant Industry’s Winners and Losers of 2024: From Chili’s to Fast Food Chains In 2024, consumers tightened their wallets, leading to a significant decline in restaurant visits. This shift heightened competition among eateries, with many battling for a dwindling customer…
On Wednesday, Albertsons officially called off its proposed $25 billion merger with Kroger, filing a lawsuit against its supermarket rival. The lawsuit claims that Kroger breached their merger agreement by failing to fulfill its obligations in securing regulatory approval for…
As the automotive market heads into 2025, U.S. car dealers are showing a renewed sense of optimism, according to the latest report from Cox Automotive. This upbeat outlook is largely driven by the election of President-elect Donald Trump, along with…
Shares of major healthcare companies experienced a significant drop on Wednesday, falling by nearly 5%, amid growing concerns that proposed changes to their business models could have a substantial impact on their operations. The companies affected include some of the…
Court Rejects Boeing Plea Deal in 737 Max Crash Case, Citing Monitor Selection Concerns A federal judge has rejected Boeing’s plea agreement over a criminal fraud charge related to the two deadly crashes involving its 737 Max aircraft. The decision…
Ulta Beauty Shares Surge as Strong Earnings Defy Demand Concerns Ulta Beauty outperformed Wall Street’s expectations for its fiscal third quarter, reporting stronger-than-anticipated revenue and earnings. Despite concerns over increased competition and cooling demand for beauty products, the retailer demonstrated…
Lululemon’s Stock Rises Amid International Growth, Despite Slowing U.S. Sales Lululemon Athletica surpassed Wall Street’s expectations in its fiscal third quarter, reporting solid earnings and revenue growth. While U.S. sales are showing signs of slowing, the athletic apparel giant has…
The launch of Hawk Tuah, a memecoin backed by influencer Hailey Welch, has caused a massive stir across social media after the token saw an enormous initial spike in value followed by a sharp decline. Allegations of insider trading and…
Oracle (NYSE: ORCL), founded in 1977, has been a consistent player in nearly every major technology evolution. Originally rising to prominence with its database management software, Oracle quickly adapted to changes in the tech landscape, helping businesses transition through the…
US President-elect Donald Trump has nominated Jared Isaacman, a billionaire businessman and private astronaut, to lead NASA. Isaacman, who is best known as the founder and CEO of Shift4 Payments, has made a name for himself in the commercial spaceflight…