In a groundbreaking move, Morgan Stanley has announced that it will be allowing its financial advisors to offer bitcoin ETFs to eligible clients. This decision marks a significant shift in the traditional approach of major Wall Street banks towards digital assets, particularly cryptocurrency. Unlike other major financial institutions such as Goldman Sachs, JPMorgan, Bank of
Business
Eli Lilly’s weight-loss drug, Zepbound, has shown promising benefits in patients suffering from a common type of heart failure and obesity. The late-stage trial data released by the company indicates that Zepbound, along with other popular GLP-1 drugs, may have additional health benefits beyond weight loss and blood sugar regulation. This could potentially lead to
Boeing has recently announced that Robert “Kelly” Ortberg will be taking over as CEO following the departure of Dave Calhoun. Ortberg, a seasoned aerospace veteran, will be stepping into the role on August 8th. With his background in leading major aerospace supplier Rockwell Collins, and later Collins Aerospace, Ortberg brings a wealth of experience to
Recently, Attorney General Brian Schwalb from Washington, D.C., filed a lawsuit against StubHub, an online ticket exchange platform, accusing the company of engaging in deceptive and unfair pricing practices. The lawsuit claims that StubHub manipulates consumers with misleading low ticket prices only to hit them with significantly higher fees during the checkout process. This intentional
In a strategic move to boost revenue and attract a wider range of travelers, Spirit Airlines announced plans to introduce new ticket options that include additional perks bundled with higher-priced fares. The Florida-based carrier, known for its budget-friendly approach to air travel, aims to compete with larger rivals and differentiate itself in the oversupplied domestic
McDonald’s executives have acknowledged the challenges faced during the second quarter, particularly in terms of recapturing consumers with value deals. U.S. President Joe Erlinger emphasized the struggle to sell diners on affordability and the need to address industry and competitive challenges. Erlinger emphasized the importance of a long-term mindset in reestablishing McDonald’s position as a
Despite being a dominant force in the fast-food industry, McDonald’s is currently facing a significant challenge regarding the perception of its prices. Lower-income consumers, who have been heavily impacted by high inflation, are now finding McDonald’s prices too high. This has led to a noticeable decline in same-store sales across all divisions, prompting company executives
McDonald’s is facing a tough road ahead as it prepares to report its second-quarter earnings. The burger chain has been struggling, with its stock falling 15% year to date. This decline is largely due to concerns from investors about consumer spending and the overall health of the restaurant industry. It is clear that McDonald’s is
In a move reminiscent of Subway’s $5 footlong promotion from a decade ago, various fast-food chains are now re-introducing or unveiling meal deals with a $5 price tag. This strategic shift is a response to the growing trend of customers slashing their spending on dining out. As quarterly reports loom ahead for many restaurant companies,
Disney and Marvel’s “Deadpool & Wolverine” has raked in an impressive $38.5 million during Thursday previews, setting the stage for a potential domestic debut surpassing $150 million. This would mark a milestone as the highest opening weekend for an R-rated film in history. The movie is a highly anticipated addition to the Marvel Cinematic Universe