Business

Southwest Airlines recently announced a potential drop in unit revenue for the third quarter of the year. The oversupplied U.S. market has led airlines to discount tickets during what is typically the most profitable period of the year. Southwest anticipates that unit revenue for the current quarter could decline by as much as 2% compared

Chipotle Mexican Grill recently reported a strong set of quarterly earnings that surpassed analysts’ expectations. The company’s revenue and earnings per share exceeded forecasts, driving a positive reaction in the stock market. Despite concerns about the health of the restaurant industry, Chipotle managed to deliver impressive results for the quarter ending in June. Revenue and

Coca-Cola recently announced an increase in its full-year outlook, citing a rise in global demand for its beverages in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coke raised its outlook for comparable earnings growth to a

In a move to address the long-standing issue of inflated prescription medication prices linked to pharmacy benefit managers (PBMs), bipartisan lawmakers recently introduced a new bill known as the “Pharmacists Fight Back Act.” The legislation, spearheaded by Reps. Jake Auchincloss and Diana Harshbarger, aims to curtail dubious business practices employed by drug supply chain middlemen

General Motors is anticipated to release their second-quarter results, with analysts forecasting an earnings per share of $2.75 adjusted and revenue of $45.46 billion. The expected results would signify a 1.6% increase in revenue compared to the previous year and a substantial 44.2% increase in adjusted earnings per share. Last year’s second-quarter results for GM

Warner Bros. Discovery recently made a bold move by informing the National Basketball Association (NBA) that it intends to exercise its matching rights for a package of games earmarked for another company. The company is specifically targeting a deal between NBC and Amazon Prime Video, showing its commitment to maintaining its stake in the broadcasting

McDonald’s has announced that its $5 value meal promotion will be extended beyond the initial four-week window in most of its U.S. markets. The fast-food giant reported that the offer has successfully driven traffic back to restaurants, leading 93% of its business units to vote in favor of extending the promotion past its original end

When it comes to traditional Detroit automakers, General Motors (GM) is expected to take the lead in the second quarter of the year. Despite challenges faced by the industry, GM is projected to report a solid $2.75 per share profit, representing a 44.2% increase from the previous year. With revenue expected to reach $45.46 billion,

Michelle Mack, the mastermind behind a nationwide organized retail crime operation that targeted beauty stores like Ulta and Sephora, has finally been handed a delayed sentence of five years and four months. Based in Bonsall, California, Mack oversaw a network of thieves who stole millions in merchandise from major retailers. The operation was run from

Penn Entertainment, a major player in the gaming and media industry, has recently announced that it will be laying off approximately 100 employees as part of its efforts to focus on the growth of ESPN Bet. The decision comes following the company’s acquisition of Canadian media and gaming powerhouse theScore in 2021. CEO Jay Snowden