The looming expiration of trillions in tax breaks enacted by former President Donald Trump through the Tax Cuts and Jobs Act of 2017 has sparked a debate among presumptive nominees President Joe Biden and Donald Trump. Both candidates have pledged to extend these tax breaks for most Americans, but the question remains on how to
Revenue
Apple device users will soon have the option to utilize buy now, pay later loans from Affirm for their purchases. This collaboration between the two companies will allow U.S. Apple Pay users to access Affirm as a payment choice on their iPhones and iPads. The partnership aims to combine the convenience and security of Apple
The transformation of Splash Mountain into Tiana’s Bayou Adventure marks a significant shift in Disney’s retheming strategy. Originally announced four years ago, this reimagined water ride is set to reopen on June 28 at Walt Disney World Resort in Orlando, Florida. The new theme takes guests on a journey through the swamps of New Orleans,
Delta Air Lines recently announced that they will be launching their premium economy service on transcontinental flights starting in September. This move is seen as an effort to attract customers who are willing to pay more for additional space and perks during their flights. Premium economy is a relatively new class of service that falls
Elliott Management, an activist hedge fund, has recently acquired a significant stake in Southwest Airlines amounting to $1.9 billion. The hedge fund has expressed its intentions to instigate leadership changes at Southwest Airlines, citing the airline’s decline from being a “best-in-class” carrier to one of the biggest laggards in the industry. Elliott is specifically targeting
The first pick by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company demonstrated positive results for the first quarter of fiscal 2024 and raised both its profit margin and earnings outlook for the year. Jefferies analyst Corey Tarlowe, who reaffirmed a buy rating on BURL, raised the price target to $275
The Covid-19 pandemic not only exposed the vulnerabilities in the American economy but also highlighted the resilience within certain sectors. Child care, in particular, took center stage as daycares closed, schools shifted to remote learning, and parents struggled to balance work and childcare responsibilities. While employment in the child care sector has slowly recovered post-pandemic,
Inflation, though showing slight signs of improvement, continues to weigh heavily on consumers, as per Joel Anderson, CEO of discount retailer Five Below. Particularly, those in the lower-income bracket are experiencing the brunt of this economic pressure. Anderson emphasized the need for delivering value to customers, especially in the face of rising prices. While efforts
Salesforce, a leading enterprise tech giant, has recently announced its plans to open an artificial intelligence center in London. This move is seen as a bullish bet on the U.K. as a global technology hub. The U.S. software giant has stated that the new facility, which spans over 40,000 square feet in London’s Blue Fin
Lululemon, the popular athletic apparel retailer, recently reported stagnating growth in its largest market, the Americas. Despite exceeding Wall Street’s earnings expectations, the company fell short in terms of revenue projections. The latest guidance provided by Lululemon for the current quarter also paints a bleak picture of the company’s performance in the near future. The