The U.S. auto industry has seen a modest 2.9% increase in sales in the first half of the year compared to the previous year. However, experts are wary of the industry’s ability to sustain this growth trajectory for the remainder of the year. Various factors, including escalating vehicle inventory levels, rising incentives, and a sense
Business
In a bold move to revitalize its e-commerce platform, Target has decided to tap into the vast potential of Shopify to introduce innovative and trendy brands to its marketplace. This strategic partnership aims to enhance the assortment of products available on Target’s website and attract a broader range of consumers. By collaborating with Shopify, Target
Forever 21, a well-known fast-fashion retailer, is currently facing financial difficulties as its sales decline and it struggles to keep up with more competitive rivals. In recent developments, the company has requested some of its landlords to reduce its rent by up to 50% in order to alleviate financial strain. This move comes as the
The housing market is currently facing significant challenges, with sales of previously owned homes hitting a 30-year low. In May, existing home sales were essentially flat, dropping by 0.7% from April to a seasonally adjusted annualized rate of 4.11 million units. This represents a 2.8% decrease from the previous year. The sluggish sales pace can
Darden Restaurants recently reported their quarterly results which showed mixed outcomes for the company. One concerning aspect was the decrease in same-store sales at Olive Garden for the second consecutive quarter. This decline led to a flat overall same-store sales figure for Darden as a whole. The company’s earnings per share and revenue also fell
In the year 2024, the box office industry has seen a significant revival with the resurgence of family-friendly films in cinemas. After a period of low ticket sales and sparse family movie releases, the arrival of a steady stream of new movies has reinvigorated the box office. This trend has given movie theater operators hope
Boeing CEO Dave Calhoun is set to address a Senate panel regarding the company’s less than perfect culture as new whistleblower allegations emerge just ahead of the hearing. Calhoun, who is planning to step down before the year ends, will face questioning from the Senate Permanent Subcommittee on Investigations. These allegations come as Boeing strives
Senator Elizabeth Warren is not one to shy away from confrontation, especially when it comes to holding powerful figures accountable. In a recent letter to Federal Reserve Chair Jerome Powell, Warren accuses him of prioritizing the interests of the financial industry over the well-being of the American people. She expresses her disappointment in reports suggesting
The Food and Drug Administration recently approved Merck’s new vaccine, Capvaxive, designed to protect adults from pneumococcus bacteria that can lead to serious illnesses such as pneumonia. This new development is a significant step forward in preventive healthcare, particularly for those at higher risk for pneumococcal disease. Pneumococcal disease is a severe condition that can
Eli Lilly has been experiencing a surge in demand for its weight loss and diabetes treatments over the past year, propelling the company to new heights. However, this success comes with its own set of challenges that need to be addressed to sustain this growth and meet the needs of patients. Anat Ashkenazi, the outgoing