Darden Restaurants recently reported their quarterly results, and unfortunately Olive Garden’s same-store sales have fallen for the second consecutive quarter. This is a concerning trend for the Italian-inspired chain, as they were expected to report flat same-store sales growth this quarter. However, Olive Garden saw a 1.5% decrease in same-store sales, which was greater than
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New York has taken a pioneering step in combating climate change by introducing a program that provides homeowners with up to $14,000 in rebates for energy-efficiency upgrades. This initiative is in alignment with the federal Inflation Reduction Act, signed into law by President Joe Biden in 2022, marking it as the most significant climate legislation
As Generation X, born between 1965 and 1980, begins to approach retirement age, they are facing unique challenges when it comes to saving for the future. With the financial burden of caring for both elderly parents and adult children, many Gen Xers are feeling the pressure of not having enough money to enjoy their retirement
The recent decrease in mortgage rates did not seem to have a significant impact on consumers’ behavior. Even though the average contract interest rate for 30-year fixed-rate mortgages dropped to 6.94% from 7.02%, the Mortgage Bankers Association’s seasonally adjusted index only showed a 0.9% increase in total mortgage application volume compared to the previous week.
The recent decision by the U.S. Federal Reserve to maintain high interest rates has had a significant impact on China’s monetary policy. Fitch Ratings, a leading ratings agency, has adjusted its expectations regarding China’s policy rate cuts. Initially predicting a rate cut for this year, Fitch now anticipates that China will maintain its one-year medium-term
The landscape of the box office has been evolving, with a noticeable absence of family films in recent years. However, the tide seems to be turning with a resurgence of kid-friendly hits that are breathing new life into movie theaters. While some family features found success on streaming platforms during the pandemic, the return of
The latest research from Henley Private Wealth Migration Report highlights the United Arab Emirates (UAE) as the leading wealth magnet for the third consecutive year. An unprecedented net inflow of 6,700 millionaires from around the world is expected by the end of 2024, positioning the UAE at the forefront of global wealth migration. In comparison,
The recent news about British fintech firm Zilch securing $125 million in debt financing from Deutsche Bank is a significant development for the company. This deal is aimed at accelerating Zilch’s growth and helping the company move closer to an initial public offering. However, upon closer analysis, there are several aspects of this deal that
Xreal, an Alibaba-backed startup, has recently introduced a groundbreaking product known as the Beam Pro. This new Android mobile device offers a unique experience by enabling users to view games and movies on Google Play Store apps in three dimensions through augmented reality glasses. The Beam Pro serves as a bridge between AR glasses and
Over the past year, American workers have experienced an increase in their buying power due to falling inflation and a robust job market. According to data from the U.S. Bureau of Labor Statistics, the average worker in the private sector saw their real hourly earnings grow by 0.8% from May 2023 to May 2024. This