Business

Adam Moelis co-founded Yotta, a fintech startup, with the intent of revolutionizing the way Americans save money. The goal was to provide a unique way for individuals to build financial security to navigate life’s challenges. However, what began as a promising venture quickly turned into a nightmare for thousands of Yotta customers. This unfolding crisis

Pfizer’s drug, Lorbrena, has shown significant promise in the treatment of advanced non-small cell lung cancer in patients with a mutation in the ALK gene. The latest data from a late-stage trial has demonstrated that Lorbrena helped patients live longer without the progression of their cancer, with most patients experiencing this benefit for over five

Recently, the Food and Drug Administration approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults ages 60 and above. This approval marks a significant milestone for Moderna, especially considering the company’s need for an additional revenue source due to declining demand for its Covid jab. The Approval Process Moderna’s vaccine for RSV was approved

In a recent statement by Bank of America CEO Brian Moynihan, it was highlighted that both U.S. consumers and businesses have become more cautious about their spending habits this year due to the impact of elevated inflation and interest rates. Moynihan mentioned that there has been a noticeable slowdown in the rate of purchases made

Boeing CEO Dave Calhoun and other company leaders are gearing up to meet with the Federal Aviation Administration (FAA) to present a plan aimed at improving staff training and production practices within the company. This meeting comes after a serious incident involving an airplane door panel on a new 737 Max 9 earlier this year,

In a recent open letter, Joe Erlinger, president of McDonald’s USA, addressed claims that the fast-food chain has significantly increased its prices. According to Erlinger, the average price of McDonald’s menu items has risen by approximately 40% since 2019. This statement was made in response to social media allegations by House Republicans and others that

Stellantis, the global automotive company, is gearing up to introduce a game-changing $25,000 all-electric Jeep vehicle in the U.S. market. This strategic move is aimed at capturing the attention of mainstream consumers and accelerating the adoption of electric vehicles, which has been slower than anticipated. CEO Carlos Tavares recently shared this exciting development, highlighting the

Dick’s Sporting Goods has seen a significant increase in customer spending on new sneakers and athletic gear, resulting in a spike in the retailer’s full-year earnings guidance. The company reported a 5.3% growth in comparable sales during its fiscal first quarter, surpassing analysts’ expectations of 2.4% growth. This growth was attributed to a higher number

American Airlines recently announced a significant cut to its sales outlook, painting a bleak picture for the company’s financial performance. This decision comes amidst the departure of Vasu Raja, the chief commercial officer, adding to the turbulence within the organization. The anticipated unit revenue decline of up to 6% in the second quarter is far

Starbucks recently reported a challenging quarter, with U.S. same-store sales falling by 3% and a 7% drop in traffic. As a result, the company had to cut its 2024 forecast. The CEO, Laxman Narasimhan, acknowledged that Starbucks was facing a more cautious consumer base when it comes to spending. He also identified the need for