McDonald’s, the fast-food giant, has been making headlines in recent quarters for outperforming its rivals in terms of sales growth. However, the company faces the challenge of sustaining its momentum, especially as low-income diners have cut back on their visits. To address this issue and drive more frequent visits, McDonald’s has launched the “Best Burger”
Business
Bristol Myers Squibb, one of the world’s largest pharmaceutical companies, reported better-than-expected earnings and revenue for the fourth quarter. The company’s portfolio of new drugs drove strong sales growth, contributing to its impressive performance. Bristol Myers Squibb exceeded Wall Street’s expectations for both earnings per share and revenue. The company reported adjusted earnings per share
Lululemon, the renowned athletic apparel retailer, is taking a step forward in its quest for growth by venturing into the men’s footwear market. In an increasingly competitive industry, Lululemon aims to diversify its offerings and capture new avenues of expansion. This strategic move comes as the company sets ambitious goals to double its men’s business
Byron Allen, the renowned media mogul, recently made headlines with his audacious offer of $14 billion to acquire Paramount Global. Despite skepticism surrounding his deal-making abilities, Allen confidently stated in an interview with CNBC that he possesses the necessary capital to finance the deal. However, he acknowledged that the ultimate determining factor for the success
In a disappointing quarter, Starbucks reported earnings and revenue that fell short of Wall Street’s expectations. The coffee giant cited a number of challenges, including a boycott in the U.S. and increased competition in China. As a result, the company lowered its full-year revenue outlook. This article will analyze the quarterly results and the factors
FanDuel-parent company, Flutter, made its debut on the New York Stock Exchange (NYSE) on Monday, providing U.S. investors with an attractive alternative to the dominant player in the sports betting market, DraftKings. While Flutter already has a primary listing on the London Stock Exchange and is included in the FTSE 100 index, its focus on
The space sector has experienced a rollercoaster ride of highs and lows in recent years. While some companies have managed to weather the storm and continue moving forward, others are facing significant challenges that could jeopardize their future. A handful of publicly-traded space companies have struggled since going public, and a few are edging closer
In a significant development, the CEOs of Merck and Johnson & Johnson have voluntarily agreed to testify at an upcoming Senate hearing on high drug prices in the U.S. This announcement was made by Sen. Bernie Sanders, as efforts to rein in healthcare costs for Americans are ramping up. The hearing, scheduled for February 8th
The Federal Aviation Administration (FAA) has made a significant decision regarding Boeing’s 737 Max aircraft production. Although the FAA has allowed Boeing’s Max 9 to return to service, it has simultaneously put a halt on the manufacturer’s planned expansion of its production facilities. This decision comes after a recent incident where a door plug blew
Boeing CEO Dave Calhoun held meetings with several U.S. senators on Capitol Hill in response to the increasing scrutiny faced by the company’s leadership. Speaking to reporters, Calhoun expressed his commitment to transparency and stated that he was present to address any questions the senators may have had. According to sources familiar with the matter,