McDonald’s has decided to extend its $5 value meal promotion due to its success in attracting customers back to its restaurants. With nearly every business unit in the U.S. system choosing to continue the offer past its original end date, it is clear that the promotion has been effective in driving traffic and increasing sales.
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General Motors is set to lead the pack among Detroit’s traditional automakers as it prepares to report its second-quarter results. Analysts are bullish on GM, forecasting a solid adjusted profit of $2.75 per share, representing a 44.2% increase from the previous year. The company is also expected to post a revenue of $45.46 billion, marking
Recently, Elliott Management took a noteworthy stake in the popular coffee chain Starbucks. This move signifies the hedge fund’s interest in improving the company’s share price and overall performance. The news of this investment caused Starbucks shares to rise by 5%, indicating market optimism about potential changes within the company. Activist Approach Elliott Management is
An unprecedented IT outage on Friday caused major disruptions in global operations, affecting several airlines and resulting in halted flights, delays, and service disruptions. The outage was linked to a technical update by cybersecurity giant CrowdStrike, leaving organizations like Microsoft scrambling to restore apps and services. Flight update monitors at airports around the world displayed
The recent case involving Michelle Mack, the ringleader of a nationwide organized retail crime operation, has shed light on the severe impact such criminal activities can have on major retailers like Ulta Beauty and Sephora. Mack’s operation, which was primarily run from her 4,500-square foot mansion in Bonsall, California, involved a network of about a
Ford Motor Company has recently announced a significant change in its production plans, shifting focus from electric vehicles (EVs) to the expansion of its large Super Duty trucks. This decision comes after previously earmarking a Canadian plant for EV production. Let’s delve into the details of this strategic pivot and analyze the implications it may
Willow Bay and Bob Iger have recently acquired a controlling stake in Angel City Football Club, the most valuable women’s professional sports team in the world. This investment, whose exact amount remains undisclosed, has put the team’s value at an impressive $250 million. In addition to this initial investment, Bay and Iger have committed to
Morgan Stanley recently released its second-quarter earnings report, which exceeded analysts’ expectations in terms of profit and revenue. The bank reported earnings of $1.82 per share, surpassing the $1.65 per share estimate, and revenue of $15.02 billion, which was higher than the $14.3 billion estimate. The key drivers of this strong performance were the trading
Goldman Sachs reported impressive second-quarter results, surpassing profit and revenue estimates on the back of stronger-than-expected fixed income performance and lower loan loss provisions. The company’s earnings stood at $8.62 per share, exceeding the $8.34 per share estimate by LSEG. Additionally, the revenue figure came in at $12.73 billion, outpacing the $12.46 billion estimate. The
JPMorgan Chase recently announced its second-quarter earnings, which surpassed analysts’ expectations, particularly in the area of investment banking fees. The bank reported a 52% increase in investment banking fees from the previous year, totaling $2.3 billion. This surge in fees contributed to the overall revenue of $50.99 billion, exceeding the estimated $49.87 billion. Earnings for