One of the key takeaways from the Summer Fancy Food Show is the resurgence of fish as a prominent protein source in the culinary world. Gone are the days when tinned fish was limited to specific cultural pavilions; now, fish products are being showcased across the entire event floor. Companies are capitalizing on the trend
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Shares of Walgreens took a significant hit, falling nearly 20%, following disappointing financial results for the fiscal third quarter. The company reported lower-than-expected earnings and revised its full-year adjusted profit outlook downwards. Despite a strong performance in its healthcare segment, the retail giant is facing challenges in the current environment for pharmacies and U.S. consumers.
The U.S. Treasury Department and Internal Revenue Service have recently announced that more than $1 billion in tax credits is being provided as an upfront cash incentive to buyers of electric vehicles. This initiative was established through the Inflation Reduction Act, which allows for tax credits worth up to $7,500 for new EVs and $4,000
Major League Eating dropped a bombshell when they announced that they would be parting ways with 16-time champion Joey “Jaws” Chestnut ahead of the Nathan’s Famous Fourth of July hot dog eating contest. The decision came after Chestnut decided to represent a rival brand that sells plant-based hot dogs instead of the traditional meat version.
In a bold move towards the future of the automotive industry, Jeep has announced plans to significantly increase sales of its plug-in hybrid electric vehicles (PHEVs) in the U.S. market. The goal is to grow sales by up to 50% this year, with a target of selling between 160,000 to 170,000 units. This strategic decision
In recent years, activist investors have faced defeat after defeat in proxy fights, leading to questions about their credibility and power. These so-called “activist investors” differ from the original activists who championed governance reforms years ago. The ultimate question remains: Do today’s activist investors truly add economic value? Judging by their track records, it seems
In the midst of a broader consumer slowdown impacting the restaurant industry, fast-casual chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen have reported strong sales, largely driven by high-income consumers. While other eateries have experienced a slump in sales and decline in traffic as customers tighten their spending, fast-casual chains have managed to buck the
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