The recent reports on the July consumer price index and July retail sales have sparked discussions among investors about the state of the economy and the potential for an interest rate cut by the Federal Reserve. In light of these developments, top Wall Street analysts have recommended three stocks with promising long-term growth potential. This
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Starbucks has been facing operational challenges which have resulted in frustrated customers, overwhelmed baristas, and declining sales. Mobile orders, which make up about one-third of Starbucks’ total sales, have been a major contributing factor to the issues faced by the coffee giant. These orders tend to be more complex, with add-ons like cold foam and
Inflation rates in July 2023 continued to decline, with the consumer price index (CPI) rising by 2.9% from a year ago, as reported by the U.S. Department of Labor. This reflects a decrease from the 3% inflation rate in June and marks the lowest reading since March 2021. The CPI serves as a crucial indicator
The discovery of a dangerous drug-counterfeiting operation involving Gilead Sciences’ HIV medications has shed light on the risks patients face when taking counterfeit drugs. The mastermind behind the scheme, Peter Khaim, a twice-convicted medical fraudster, allegedly orchestrated the operation out of two New York City pharmacies, 71st RX and Best Scripts. This fraudulent activity put
SpaceX is on the brink of launching its next private mission, which promises to mark a significant milestone in the realm of space exploration. The upcoming Polaris Dawn mission, scheduled for the end of the month, will feature the first-ever attempt to conduct a spacewalk as part of a private venture. This groundbreaking mission is
Flutter, the parent company of FanDuel, made waves in the gambling industry with their recent second-quarter earnings report. The highlight of the report was FanDuel’s decision not to add a surcharge to offset an Illinois tax hike. This move set them apart from rival DraftKings, who had initially announced a surcharge for consumers in states
Byron Allen, the media mogul with aspirations of acquiring major media assets, is facing backlash due to his broadcast stations consistently being late in making payments to network owners. The stations owned by Allen Media Group have been reported to be as much as 90 days past due on payments to networks such as ABC,
Zeekr, a Chinese electric car brand, has recently announced the introduction of new batteries that claim to have the fastest charge in the world. The main goal of this offering is to address long-standing consumer concerns regarding battery driving range and the convenience of charging. According to the company, these new batteries can go from
A recent decision by a U.S. judge has temporarily blocked media giants Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu. The injunction, granted in response to a lawsuit brought by Fubo TV, comes just weeks before the start of the National Football League season, putting a halt to the companies’
Tencent, the Chinese tech giant, exceeded both revenue and profit expectations in the second quarter of the year. The company reported revenue of 161.12 billion Chinese yuan, surpassing the 160.77 billion yuan that was anticipated by analysts. Additionally, Tencent’s profit attributable to equity holders came in at 47.63 billion Chinese yuan, compared to the estimated