Just a few months ago, the market was worried about Rivian. The company has disclosed it lost $33,000 on every electric truck it sold, laid off hundreds of workers, and said it expects to take a $2.7 billion hit this year. Suggested Reading. But a major deal with Volkswagen to...

Rivian's big Volkswagen deal gets Wall Street's applause

New York City, NY

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

Chipmaker Micron beat Wall Street’s expectations for its third-quarter earnings, reporting revenue of $6.81 billion — an 80% jump from the previous year. The company’s third-quarter revenue is a 17% increase from the previous quarter’s $5.82 billion. Wall Street had expected the chipmaker to report third-quarter revenue of $6.7 billion, according to FactSet.

Micron revenue jumps 80% on 'robust AI demand' — but the stock slides

Amazon wants to win back the hearts and minds of shoppers that have been lured away by low-cost retailers Shein and Temu. The e-commerce giant is planning to launch a new storefront featuring low-priced clothing and home products from Chinese sellers, Amazon revealed at an invite-only conference for Chinese vendors first reported by The Information.

Amazon is launching a Shein and Temu competitor

Southwest Airlines dropped its expectations for the second quarter as it struggles to manage its revenues amid changing flyer preferences. The company expects revenue per available seat mile (RASM) to decline by about 4-4.5% on an annual basis, it said early Wednesday. It had previously expected the metric to decline by 1.5-3.5%. RASM is a measure of the total revenue from each seat flown one mile, regardless of if it’s empty or full. It’s widely used by airlines because it includes other sources of revenue aside from ticket sales, like baggage fees and in-flight purchases.

Southwest Airlines is expecting to make less money this quarter because people's flying habits are changing

Taco Bell is up next in the bundle battle as it moves to launch a $7 meal deal it has dubbed the “Luxe Cravings Box.”. The limited-time bundle box “feels like a luxury, without the luxury price,” the company said in statement on Thursday, adding that “dining out should be an experience everyone can enjoy and afford, every day.”

Taco Bell joins the meal deal wars with $7 Luxe Cravings Box

Apple has officially turned a corner. In early 2024, the tech giant struggled to make smartphone sales abroad, was slapped with a big antitrust lawsuit from the Department of Justice, and its stock market performance was lackluster. But since unveiling its AI strategy in early June. Apple’s stock price has been on the up-and-up. The question is: will its good fortunes continue?

Apple stock is thriving thanks to AI. Will it last?

Missouri State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

Sales of new vehicles slowed down in June, aided in part by the cyberattacks on CDK Global, which took out software car dealerships rely on for their work. Between 1.27 million and 1.33 million new vehicles are projected to be sold this month, according to a Wednesday forecast published by J.D. Power and GlobalData. That’s a roughly 7.2% decrease compared to last year.

A massive car dealership cyberattack slammed car sales in June. Next month will be better, J.D. Power says

Chicago, IL

McDonald’s $5 meal deal wasn’t born out of thin air. The fast food chain’s franchisee have been piloting a similar promotion in upstate New York for over a year, Joe Erlinger, McDonald’s U.S. president, said during the Wall Street Journal Global Food Forum in Chicago on Wednesday.

McDonald's has been piloting its $5 meal deal for a year. Here's how it got its start

The Biden administration said on Wednesday that Medicare enrollees will pay less for 64 prescription drugs available through Medicare Part B. The savings are part of a program established with the Inflation Reduction Act in 2022 and is meant to rein in drug price hikes — a key goal of the Biden Administration.

The Biden administration is lowering the price of 64 prescription drugs with inflation rebates

Georgia State

Douglas City, CA

Daily Coffee Press

This afternoon, Kentaiwon Durham, the Douglas City Commissioner of Ward 2, entered a guilty plea for wire fraud in the U.S. District Court for the Southern District of Georgia. Consequently, Durham is mandated to resign from his position as a city commissioner.

Georgia City Commissioner Pleads Guilty to Wire Fraud in $20K PPP Fraud Scheme

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Total Apex Sports & Entertainment

The global economic collapse is adversely affecting relationships. Some zodiac signs are struggling to pick partners who will stand by them when they are financially unstable. The zodiac greatly affects people’s character. However, it isn’t the only thing you should consider when choosing a lover. Select someone who is understanding and you are compatible. This might be time-consuming but it is worth it. Which reliable zodiac signs are ideal to start a long-term relationship with?

4 Zodiac Signs Who Always Stand Up For Their Partner

ANDY MILLS (AM): So what risks do you see for investors looking ahead to the rest of 2024?. KEVIN GORDON (KG): As it relates to breadth, one of the interesting divergences we’ve seen this year is just this continuation in new all time highs for the large cap indexes in particular S&P 500 or the NASDAQ or the NASDAQ 100, in particular for that large cap tech sphere. That has happened as you started to see this almost steady deterioration in breadth and it started to improve a little bit over the past couple of days. But still, you zoom out a little bit and you look at 2024 year-to-date you have seen new all time highs consistently, almost. And then you’ve seen a breakdown in the percentage of companies above their 50-day moving average or their 200-day moving average, whether it’s for the S&P or whether it’s for the Nasdaq. So, as we flip the calendar to the second half of the year, if you continue to see that divergence and that really strong bifurcation where everything at the index level looks fine, so to speak, but as you move down towards the individual member level, it doesn’t look as fine. That I think, would bring back almost the rumblings of what we saw in 2021 and start to mimic what we saw in ‘21, particularly in the back half of that year, where you had the same setup, new all time highs consistently for the indexes, but under the surface a lot of deterioration at the member level. If you started to see that or continued to see that bifurcation, I think it would lead to, probably too soon to say, it would lead to some bear market like we had in 2022. But I think it would probably give you more of a risk of the catch down at the index level versus the catch up from the individual member level.

3 sectors that will beat the market this year, according to a strategist

The United States Supreme Court rejected on Thursday a nationwide, multi-billion dollar settlement involving OxyCotin maker Purdue Pharma. The rejected settlement would have provided billions of dollars to programs combating the nation’s opioid epidemic. It would have also shielded the Sackler family, who own the company, from future lawsuits.

The Supreme Court just blocked Purdue Pharma's OxyContin settlement that protects the Sackler family

According to Shakey's website, this pizza parlor is only in California, North Carolina, and Washington state in the U.S. now. This was my family's go-to pizza joint when my father was stationed with the Air Force outside of Omaha, Nebraska. We liked it so much, that when we were transferred again, it was hopeful we'd find another one.

Shakey's Pizza Parlor and nostalgia: the first franchised pizza restaurant also landed in Missouri

Wall Street is hoping it can put to rest the “weight debate” surrounding Chipotle’s food portion sizes, which has garnered a wave of social media attention from customers who claim the chain is skimping on servings. Suggested Reading. Apple stock is thriving thanks to AI. Will it...

Analysts ordered 75 burrito bowls from 8 Chipotles. Here's what they found

The Current GA

People held in Georgia immigrant detention centers will soon face new challenges in their search for lawyers to represent them in immigration court, a development that will likely doom many people’s chances of fighting deportation.

For migrants in Georgia, fighting deportation will become harder. Here’s why.

East Palestine, OH

A Norfolk Southern train car derailment last year that unleashed giant clouds of toxic smoke on a small Ohio town didn’t have to happen, according to a new government report. The National Transportation Safety Board released its findings into the fiery East Palestine crash and said that a series of cascading mistakes resulted in a chemical burn that could have been avoided.

Norfolk Southern blew up the East Palestine train when it didn't have to: NTSB

NewsBreak

Elon Musk's $46 billion Tesla pay plan faces a big vote today. Here's what you need to know

Update: Tesla shareholders voted for Elon Musk to get his billions. What comes next?. Tesla shareholders are set to finally reveal whether or not CEO Elon...

Elon Musk's $46 billion Tesla pay plan faces a big vote today. Here's what you need to know

Comments / 0