On Monday, the U.S. stock market saw mixed results as investors awaited major inflation data later in the week. The S&P 500 and Nasdaq Composite experienced gains of 0.4% and 0.7%, respectively, while the Dow Jones Industrial Average dipped by 0.1%. These fluctuations signify a sense of uncertainty among investors as they navigate incoming economic
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Despite the remarkable strength of the U.S. economy amidst persistent inflation and high interest rates, a surprising 59% of Americans believe that the country is currently in a recession. According to a recent survey conducted by Affirm in June, most respondents pointed to higher costs and difficulty in making ends meet as a reason for
General Motors recently introduced the redesigned versions of its entry-level GMC Terrain crossover, showcasing a more rugged exterior design. The updated compact crossover now exudes a more modern and stylish appearance, appealing to a broader range of consumers. The new design elements are aimed at attracting customers who prioritize aesthetics and functionality in their vehicles.
The days of relying solely on satellite dishes for TV services are long gone, and DirecTV is making sure consumers know it. The company, traditionally known for its satellite TV bundle, is pivoting to emphasize its streaming capabilities, aiming to adapt to the evolving media landscape and please modern consumers. With the rise of streaming
Restaurant CEOs are currently fixated on the concept of “value” as a primary explanation for their recent sales slumps. This term has been repeatedly emphasized in various quarterly conference calls, showcasing the industry’s intense focus on providing affordable options for consumers. From leaders at McDonald’s to Papa John’s, the use of the word “value” has
The U.S. unemployment insurance system has come under scrutiny recently due to renewed fears of a recession. Experts have pointed out that the system is not adequately prepared to handle another economic downturn, citing major flaws that were exposed during the Covid-19 pandemic. According to Michele Evermore, a senior fellow at The Century Foundation, the
Pfizer, a health-care giant, is one of the attractive dividend stocks according to top Wall Street analysts. The company managed to announce better-than-expected second-quarter results, thanks to its cost-cutting initiatives and solid sales of non-Covid products. With a dividend yield of 5.9%, Pfizer returned $4.8 billion to shareholders through dividends in the first six months
Mega events like the Olympic Games and major concerts have a significant impact on consumer prices in terms of hotel bookings, airline tickets, and other goods and services. However, according to UBS, most French consumers are unlikely to feel the pinch of these price surges despite the surge in demand for accommodations and other services.
Paramount Global is currently in the process of cutting 15% of its U.S. workforce, equating to around 2,000 jobs. These job cuts are part of a broader cost-cutting plan that the company is implementing as it prepares for a merger with Skydance Media. In order to achieve cost savings, Paramount has identified $500 million in
Restaurant Brands International recently reported a strong quarterly revenue that beat analysts’ expectations, driven by the impressive performance of Tim Hortons and the company’s international restaurants. However, CEO Josh Kobza acknowledged that they were hoping for even better results in terms of overall top-line performance. Despite this, they managed to outperform key competitors in several