The first half of the year has shown a 2.9% increase in U.S. auto sales compared to the previous year, but experts are cautious about maintaining this momentum through the year-end. The growth is expected to slow down in the next six months, with sales reaching approximately 15.7 million units, marking a modest 1.3% increase
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Target, the Minneapolis-based discount retailer, has made a significant move to enhance its online marketplace by partnering with Shopify. This collaboration aims to bring new and trendier brands to Target’s website, allowing smaller or up-and-coming businesses using the Shopify platform to join Target Plus, the retailer’s third-party marketplace. This strategic alliance is expected to benefit
The real estate market is facing some significant challenges, with sales of previously owned homes at a 30-year low. In May, existing home sales barely moved, dropping by 0.7% from April. This comes at a time when prices are reaching new record highs and mortgage rates remain high. According to the National Association of Realtors
Forever 21, a well-known fast fashion brand, is currently facing financial challenges that have led them to seek assistance from landlords in reducing their rent. With over 380 stores in the U.S., the retailer has reportedly asked some landlords to cut rent by up to 50%. This move comes as the company’s sales continue to
Darden Restaurants recently released their quarterly results, showcasing a mix of positive and negative outcomes. Notably, Olive Garden, one of their leading chains, experienced a decline in same-store sales for the second consecutive quarter. This decline in sales can be concerning, especially for investors who were expecting stronger results. When we delve deeper into the
The box office has been missing a significant piece lately – family films. While there have been a few kid-friendly hits that have helped boost ticket sales, many family features either debuted on streaming platforms or were released so far apart from each other that any momentum in ticket sales quickly dissipated. However, in recent
Sen. Elizabeth Warren has launched a scathing attack on Federal Reserve Chair Jerome Powell, accusing him of being in cahoots with the financial industry. She claims that Powell is advocating for changes to regulations that would benefit large American banks at the expense of the public. Warren alleges that Powell is bowing to pressure from
Boeing CEO Dave Calhoun is set to testify before a Senate panel regarding the company’s safety and manufacturing crises following an incident where a door panel blew out of a nearly new 737 Max 9 jet in January. This testimony comes as Boeing continues to address employee training, aircraft quality, and its tarnished safety reputation.
The recent approval by the Food and Drug Administration of Merck’s new vaccine, Capvaxive, marks a significant milestone in the fight against pneumococcal disease in adults. This groundbreaking vaccine is specifically designed to protect individuals from a bacteria known as pneumococcus, which can lead to serious illnesses such as pneumonia. In this article, we will
The recent debut of “Inside Out 2” by Disney and Pixar has brought a much-needed injection of joy to the box office, with an estimated $155 million in domestic earnings. This impressive number marks the second-highest theatrical opening for an animated film, following closely behind Warner Bros.’ “Barbie”. Notably, Disney does not classify its 2019