Business - Page 4

On Thursday, Walmart's optimistic prediction signaled a resilient U.S. shopper, in line with earlier statements by one of its critical suppliers and retail rivals.

May 16, 2024

Business

American shoppers boost retail sector: Walmart leads the charge

On Friday, a source aware of the case said that McDonald's U.S. franchises are considering launching a $5 meal arrangement as the fast-food chain looks to lure more inflation-hit consumers to its restaurants.

May 11, 2024

Business

Navigating the cost-of-living crisis: McDonald’s and Starbucks adapt

Airbnb shares fell about 7% in afternoon trading on Thursday after weak second-quarter predictions stoked investor fears regarding slowing growth at the vacation rental company and dimmed the spotlight on a solid quarterly profit beat.

May 9, 2024

Business

Airbnb’s revenue projections fall short amidst holiday shift

Uber revealed a shock first-quarter loss and predicted gross bookings in the second quarter below Wall Street expectations, sending the ride-share and food delivery firm's shares down 6% before the bell.

May 8, 2024

Business

Uber faces growth slowdown amidst financial challenges

Walt Disney's latest earnings report revealed a mixed picture, with positive returns in its streaming entertainment division overshadowed by challenges in its traditional TV business and a delicate box office performance.

May 7, 2024

Business

Disney faces share decline amid streaming success and traditional TV decline

Fed's defense of inflation target amid calls for policy overhaul

May 4, 2024

Business

Fed’s defense of inflation target amid calls for policy overhaul

McDonald's missed quarterly earnings estimates for the first time in two years as budget-conscious customers looked beyond its offers and the Middle East dispute weighed on the burger company's global sales.

April 30, 2024

Business

McDonald’s faces challenges amidst slowing growth

On Tuesday, Coca-Cola raised its yearly organic sales prediction after hitting first-quarter earnings and revenue expectations as consumers shell out more money for its costly sodas and juices globally.

April 30, 2024

Brands

Coca-Cola sees surge in demand amidst reopening

Intel predicts that second-quarter earnings and profit will be below market estimates on Thursday, sending its shares falling roughly 8% as it faces weak demand for its traditional data center and PC chips and trails in the surging market for AI components.

April 26, 2024

Tech

Intel struggles as businesses favor AI chips; Nvidia

On Friday, private equity company Thoma Bravo decided to purchase Britain's Darktrace for around $5.32 billion in cash, saying it would use its software expertise to drive development at the Mike Lynch-backed cybersecurity specialist.

April 26, 2024

Business

Thoma Bravo acquires Darktrace at 44% premium

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