Walmart’s recent quarterly earnings report surpassed expectations, showcasing the discounter’s ability to navigate challenging economic conditions. The retailer reported impressive gains in e-commerce, driven profits through new ventures such as advertising, and managed to attract a larger share of high-income shoppers. These factors have enabled Walmart to outperform its previous guidance for the full year,
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Netflix recently announced that their ad-supported tier has seen a massive increase in monthly active users, jumping from 23 million to 40 million globally. This surge in numbers indicates a growing interest in this cheaper plan, which was introduced by the streaming giant in November 2022. The decision to launch the ad-supported tier was part
AMC Entertainment, the embattled movie theater chain, has seen a surge in its stock price recently due to the return of Keith Gill, also known as “Roaring Kitty.” This surge comes after Roaring Kitty inspired a massive short squeeze in 2021 that pushed GameStop stock to unprecedented highs. The return of Roaring Kitty has led
Novavax, a struggling vaccine maker, saw its shares surge by as much as 50% following the announcement of a new multibillion-dollar deal with French drugmaker Sanofi. The deal not only caused a significant increase in Novavax’s stock price but also led to the removal of the company’s “going concern” warning, which had been issued earlier
In a time where the restaurant industry is experiencing a general sales slump and decline in traffic, there are some outliers that have managed to report strong sales growth for this quarter. Companies like Chipotle Mexican Grill, Wingstop, and Sweetgreen have stood out among their peers by catering to high-income consumers. This particular segment of
Recently, Moderna announced that the approval of its vaccine for respiratory syncytial virus (RSV) has been delayed by the Food and Drug Administration (FDA) until the end of May. This delay is attributed to “administrative constraints” within the agency, causing the expected decision date to be pushed back from Sunday to the end of May.
The upcoming boxing match between legendary former heavyweight champion Mike Tyson and social media influencer turned boxer Jake Paul has already garnered immense attention from fans and bettors alike. Set to take place on July 20 at AT&T Stadium in Arlington, Texas, the event is expected to be one of the most heavily bet on
In recent news, the Consumer Financial Protection Bureau (CFPB) regulation aimed at reducing late fees on credit cards is facing significant opposition from the U.S. Chamber of Commerce and the card industry. The industry filed a lawsuit against the CFPB to prevent the implementation of the new rule, which would limit late fees to $8
The 2024 summer movie season is off to a rough start as it lacks the usual Marvel blockbuster film to kick off the festivities. In a departure from the norm, Universal’s “The Fall Guy” took the lead position for the first summer weekend but failed to attract a mass audience, resulting in disappointing ticket sales.
With the rise of streaming services, Disney has been at the forefront of the industry. In the second quarter, Disney managed to nearly turn a profit in its streaming units for the first time, losing only $18 million between Disney+, Hulu, and ESPN+. This is a significant improvement from the $659 million loss the year
