Business Insider

A series of recent retail earning reports show Chinese customers are just not dining and shopping at international brands as much as before.

Brands from Starbucks to LVMH are really hurting in one big market

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

The Motley Fool

SBUX earnings call for the period ending June 30, 2024.

Starbucks (SBUX) Q3 2024 Earnings Call Transcript

Nestle has lowered its sales forecast for the year, citing consumer resistance to recent price increases on its food, water, and pet-care products, according to Yahoo Finance. The Swiss company, known for brands like Nespresso and Purina, now expects sales to grow by at least 3%, down from the previous target of around 4%.

Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes

PYMNTS

McDonald’s sales fell for the first time since 2020 as lower-income consumers stayed home. The fast food giant released quarterly earnings Monday (July 29) showing a 1% dip in sales, with management saying the company is feeling the same pressures as much of the quick-service restaurant (QSR) market. “Beginning...

McDonald’s Sees ‘Trade Down’ as Paycheck-to-Paycheck Pressures Rise

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

New York City, NY

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

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Pershing Square USA said on Wednesday it was withdrawing its initial public offering.

Bill Ackman’s Pershing Square USA withdraws US IPO

SEOUL, South Korea -- Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The South Korean semiconductor and smartphone giant said Wednesday in a statement that its...

Samsung posts a 15-fold increase in operating profits in last quarter

Denver, CO

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

David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

While many start-up EV makers are grappling with difficult headwinds, Rivian continues to shine. Despite the narrative that start-up electric vehicle (EV) makers are struggling, and that the EV growth rate in the U.S. has slowed, Rivian Automotive (RIVN -0.25%) continues to tally up positive developments. Edmunds.com named the R1T launch edition its favorite EV among start-ups. What's more, Rivian inked a joint venture deal with global automaker Volkswagen for up to $5 billion, and it topped second-quarter delivery estimates.

Great News for Rivian Investors

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

California State

The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Boeing named an aerospace industry veteran with a background in mechanical engineering as its next chief executive Wednesday, looking to open a new chapter at a company rocked by legal, regulatory and production problems and mounting financial repercussions. Robert “Kelly” Ortberg, a former CEO at aerospace manufacturer Rockwell Collins, will...

Boeing names its next CEO while posting a quarterly loss of more than $1.4 billion

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Landslides swept through tea estates and villages in southern India's Kerala on Tuesday, killing at least 93 people, local media reported, after heavy rain collapsed hillsides and triggered torrents of mud, water and tumbling boulders.

Landslides in India's Kerala kill 93, hundreds still missing

J. Souza

According to cruise industry reports, the world's largest cruise ship is sailing well above 100% capacity, thanks to more beds being filled on recent sailings. Royal Caribbean’s newest flagship, the Icon of the Seas, is proving to be an unprecedented success, with occupancy rates far exceeding expectations.

The Largest Cruise Ship in the World is Sailing at 132% Capacity: How This is Even Possible

24/7 Wall St.

In case you have been living under a rock for the past year and a half, NVIDIA Corp. (NASDAQ: NVDA) has been the market’s hottest stock and is now one of the largest companies — as measured by market capitalization — in the entire world. After the chipmaker underwent a recent 10-for-1 stock split on June […]
The post If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now appeared first on 24/7 Wall St..

If You Bought $100 of Recently Split Stock NVIDIA at Its IPO, This Is How Much It’d Be Worth Now

South Carolina State

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

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

Tatjana Smith took South Africa's first gold of the Paris Olympics on Monday and added the 100 metres breaststroke title to the 200 metres she won at Tokyo 2021 under her maiden name of Schoenmaker.

Olympics: South Africa's Tatjana Smith wins 100m breaststroke gold

NewsBreak

Starbucks profits fall again but CEO says turnaround underway

The results came on the heels of a bruising April earnings report that drew a tough response on Wall Street, prompting Chief Executive Laxman Narasimhan to...

Starbucks profits fall again but CEO says turnaround underway

Comments / 0