The recent lawsuit filed by Washington, D.C.’s Attorney General Brian Schwalb against StubHub shines a light on the shady practices of this online ticket exchange platform. The allegations of deceptive and unfair pricing practices have raised concerns among consumers and lawmakers alike. StubHub’s use of deceptive advertising, such as hiding true ticket prices and adding
Business
Spirit Airlines, long known for its budget-friendly travel options, is shaking up the industry with a new approach to air travel. In a recent announcement, the Florida-based carrier shared plans to offer packages for its highest-priced tickets, bundling in perks that were previously only available as add-ons. This move represents a significant shift for the
After a disappointing second quarter, McDonald’s executives are taking a hard look at their strategy to win back customers by focusing on value deals. U.S. President Joe Erlinger emphasized in a memo that the company needs to reposition itself as a leader in affordability to overcome industry challenges and competition. He believes that a long-term
McDonald’s executives have recently admitted that consumers find the company’s prices too high, especially lower-income consumers who are now more hesitant to spend money due to high inflation rates. They have acknowledged the need for a “forensic approach” to evaluate their pricing strategy and create better value for customers. The company’s second-quarter earnings were worse
McDonald’s is set to announce its second-quarter earnings, and according to analysts, they are expecting earnings per share of $3.07 and revenue of $6.61 billion. This is crucial information for investors and stakeholders as they await the latest financial results from the burger chain. Despite the high expectations for earnings, McDonald’s stock has experienced a
An interesting shift has been occurring in the fast-food industry, as chains like McDonald’s, Taco Bell, Burger King, and Wendy’s have brought back $5 meal deals to attract customers in a time of economic uncertainty. With many consumers cutting back on spending, these chains are banking on the appeal of a value meal to drive
The highly anticipated release of Disney and Marvel’s “Deadpool & Wolverine” has exceeded expectations with a staggering $38.5 million in Thursday previews. The film is on pace for a domestic debut exceeding $150 million, potentially setting a new record for an R-rated film. As the latest addition to the Marvel Cinematic Universe, “Deadpool & Wolverine”
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter due to an oversupplied U.S. market, resulting in discounted ticket prices during a typically lucrative time of the year. The airline projected a decrease in unit revenue of up to 2% compared to the previous year, along with a potential rise
Chipotle Mexican Grill recently reported its quarterly earnings and revenue, exceeding analysts’ expectations. The company experienced higher traffic at its restaurants, which helped drive its strong performance. Despite concerns about the health of the restaurant industry and a recent stock split, Chipotle’s stock rose about 13% in extended trading before settling around 3% higher. In
The recent introduction of the “Pharmacists Fight Back Act” by bipartisan lawmakers signals a significant step towards cracking down on the questionable business practices of pharmacy benefit managers (PBMs) in the drug supply chain. These middlemen have long been criticized for inflating prescription medication prices, harming U.S. patients and pharmacies, and failing to pass on