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,
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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
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market. This has resulted in airlines having to discount tickets during what is typically the most lucrative period of the year. The company also forecasted an increase in nonfuel costs, which could rise as much as
Chipotle Mexican Grill has defied industry expectations by reporting quarterly earnings and revenue that surpassed analysts’ predictions. Despite concerns about the health of the restaurant industry, Chipotle saw an increase in traffic at its restaurants, leading to a rise in stock prices. The company’s stock had experienced a decline earlier in the month, but this
Coca-Cola recently announced an increase in its full-year outlook for 2024, citing global demand for its drinks as a key driver. The company now expects organic revenue growth of 9% to 10%, up from its previous forecast of 8% to 9%. This indicates a positive trend in consumer preference for Coca-Cola products worldwide. In terms
In light of recent bipartisan efforts, lawmakers have introduced a new bill that aims to address the controversial business practices of drug supply chain middlemen. These middlemen, also known as pharmacy benefit managers (PBMs), have long been accused of inflating prescription medication prices, ultimately harming U.S. patients and pharmacies. The legislation, known as the “Pharmacists
General Motors is expected to release its second-quarter results shortly, and analysts are predicting a positive outcome for the company. Amidst a challenging economic climate, GM is projected to maintain stable sales and vehicle prices, positioning itself as a standout among traditional Detroit automakers. Wall Street forecasts indicate earnings per share of $2.75 adjusted and
Warner Bros. Discovery has made it clear that they intend to exercise their matching rights for a package of NBA games that were initially earmarked for another company. This move was in response to the deal between NBC and Amazon Prime Video, as reported by sources familiar with the situation. Warner Bros. Discovery expressed their
McDonald’s has decided to extend its $5 value meal promotion beyond its initial four-week window in most of its U.S. markets. According to a memo obtained by CNBC, nearly every business unit, encompassing 93% of its restaurants, has voted to extend the offer past the original end date. The majority of locations plan to extend
The financial markets are buzzing with anticipation as General Motors gears up to report its second-quarter results. Analysts on Wall Street have high hopes for GM, with expectations of a solid adjusted profit of $2.75 per share, marking a significant 44.2% increase from the previous year. The company is also forecasted to achieve $45.46 billion