Best Buy has raised its fiscal-year profit guidance after outperforming expectations for the most recent quarter. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This positive outlook reflects the company’s confidence in its performance
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In a surprising move, Ford Motor recently announced that it will be reevaluating its diversity, equity, and inclusion (DEI) initiatives. This decision comes as part of the company’s efforts to adapt to the changing external and legal environment related to political and social issues. Ford’s decision to reassess its DEI policies has sparked a debate
The world of cryptocurrency has seen a dramatic increase in the population of crypto millionaires over the past year. A new report from New World Wealth and Henley & Partners revealed that the number of individuals holding more than $1 million in crypto assets has soared by 95%, reaching a total of 172,300 worldwide. This
Dallas Mavericks and New Orleans Pelicans fans are eagerly anticipating the new season of the National Basketball Association, but changes in the way they watch local games are on the horizon. Both teams are parting ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing. With the
Boeing’s Starliner capsule has faced numerous setbacks in its journey to and from the International Space Station (ISS). In a surprising turn of events, NASA announced that the capsule will return from the ISS without the NASA astronauts it initially delivered to orbit in early June. This decision marks a significant shift for both NASA
The Biden administration has announced that it will be rolling out free at-home Covid-19 tests for American households in late September. This decision comes as the virus continues to pose a threat in the U.S. during the summer months. Americans will have the option to request four free tests through COVIDtests.gov, which are designed to
The future of Paramount Global remains uncertain as a special committee has announced an extension of the “go shop” period in light of a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. However, this bid was quickly increased to $6 billion, overshadowing
Ford Motor’s recent announcement of delaying production of a next-generation all-electric pickup truck and canceling plans for a three-row electric SUV signifies a strategic shift in the company’s approach towards electric vehicles. Instead of focusing solely on all-electric models, Ford has decided to prioritize the development of hybrid models and electric commercial vehicles to better
Lowe’s, the home improvement retailer, recently announced a cut in its full-year forecast due to a decline in quarterly sales. The company now expects lower total sales and a decrease in comparable sales. This change in forecast is driven by weaker spending on do-it-yourself projects, according to Lowe’s. The company now anticipates adjusted earnings per
The United Auto Workers President, Shawn Fain, has recently raised serious concerns about Stellantis CEO Carlos Tavares in a video shared on Friday. Fain accused Tavares of engaging in price gouging practices that harm consumers and failing to uphold certain aspects of the labor contract with the union. This ongoing conflict between the CEO and