Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev
The brewing giant lost market share after the Dylan Mulvaney debacle, but it says consumers remain favorable toward Bud Light....
Financial Performance
Maaco, Meineke Owner Is Hit by Rising Car-Wash Competition
Driven Brands entered the car-wash business line in 2020, and it is now its third-largest segment by revenue. Source link
Uber’s Business Is Finally Making Money After Years of Losses
What to Read Next Source link
The Fall of a Trucking Giant: Why Yellow Is on the Verge of Collapse
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it...
Biogen Buying Rare-Disease Drugmaker in $7.3 Billion Deal
The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases. Source link
Exxon and Chevron Stalk More Shale Deals as Profits Dip
The oil giants together added $14 billion in profits to their cash piles and have signaled they’re not finished shopping...
McDonald’s Grimace Shake Trend Pays Off for Burger Chain
A meal celebrating the purple character helped drive sales after it went viral on TikTok. Source link
Weaker Energy Prices Temper Shell’s Profit, but Not Cash Payouts for Investors
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its...
Boeing Reports $149 Million Loss as Defense Charges Pile Up
The aerospace giant said it is increasing jetliner production as planned while reducing its debt. Source link
Meta Sees Ad Business Rebound but Warns of Higher Spending in Metaverse
The Facebook parent posted its highest quarterly sales growth in more than a year as demand for digital advertising gets...
GM Again Lifts Its Profit Outlook, Plans More Cost Cuts
The automaker says buyers are willing to pay for pricier models and features. Source link
WSJ News Exclusive | Inside Lyft CEO David Risher’s Efforts to Bolster the Company
The new boss is considering options for Lyft’s bike fleet, with the company looking to sell the division or form...
Chevron Waives Retirement Age for CEO Mike Wirth
The oil giant reported higher-than-expected profit in the second quarter. Source link
Chinese Consumers Pinch Pennies on Staples as Pandemic Habits Linger
The average selling prices of toothbrushes, infant formula and makeup are declining as businesses adapt to circumstances. Source link
Google, McDonald’s, Exxon Headline Busy Earnings Week
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. Source link
High Rates, Low Supply Hinder Home Buying This Summer
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to...
TSMC Delays Start of First Arizona Chip Factory, Citing Worker Shortage
What to Read Next Source link
Tesla Profit Jumps 20% as Price Cuts Help Lift Deliveries
The EV maker sought to boost demand with less expensive offerings, but Chief Executive Elon Musk cautions more reductions may...
Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth
The streaming giant says the Hollywood strikes will lead to less content spending and increased free cash flow this year....
Microsoft and Activision Blizzard Extend $75 Billion Merger Deadline
The extension, until mid-October, allows the companies to continue with efforts to gain regulatory approval in the U.K. Source link
