The first half of the year showed a promising 2.9% increase in U.S. auto sales compared to the previous year. However, as the industry looks ahead to the rest of the year, concerns are mounting that this momentum may be difficult to sustain. Factors such as growing vehicle inventory levels, increasing incentives, and uncertainties surrounding
Business
Target, a well-known retailer based in Minneapolis, has recently announced a partnership with Shopify to introduce new and trendy brands to its online platform. This collaboration aims at enhancing the overall shopping experience for Target’s customers by adding a variety of products from smaller and up-and-coming brands that utilize the Shopify e-commerce platform. By launching
Forever 21, a well-known fast-fashion brand with over 380 stores in the U.S., is currently facing a challenging time as its sales decline and competition intensifies. The retailer has reached out to some landlords, requesting up to a 50% reduction in rent to alleviate its financial strain. These difficulties come after the company filed for
The real estate market is currently facing challenges as sales of previously owned homes are at a 30-year low. In May, existing home sales remained essentially flat, decreasing by 0.7% from April. This stagnation in sales is concerning, especially as prices continue to reach new record highs and mortgage rates remain elevated. The National Association
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
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
Boeing CEO Dave Calhoun faces a Senate panel on Tuesday to address the ongoing issues at the company. Despite acknowledging that Boeing’s culture is “far from perfect,” Calhoun is under scrutiny as fresh whistleblower claims have surfaced just hours before the hearing. These claims allege that the company mishandled hundreds of defective parts, raising serious
Senator Elizabeth Warren has accused Federal Reserve Chair Jerome Powell of taking actions that benefit the financial industry at the expense of the public. Warren claims that Powell is pushing for changes to regulations that would decrease the amount of capital large American banks are required to hold. This accusation comes after reports surfaced that
In a groundbreaking move, the Food and Drug Administration has approved Merck’s new vaccine, Capvaxive, specifically designed to protect adults from pneumococcus bacteria, a leading cause of pneumonia and serious illnesses. This innovative vaccine targets 21 strains of the bacteria, aiming to prevent the severe form of pneumococcal disease that can lead to other health
Eli Lilly’s success in the weight loss and diabetes treatment market has been nothing short of extraordinary. The demand for their medications, such as Mounjaro and Zepbound, has skyrocketed over the past year, leading to a significant increase in revenue and investor optimism. However, while the company has seen impressive growth under the leadership of