Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said demand has stabilized.
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Chipotle stock tumbles 9% after chain cuts same-store sales forecast
Shares of Chipotle have fallen 13% this year, dragging its market cap down to $71.1 billion.
Continue readingHasbro beats second-quarter expectations as gaming division offsets tariff-fueled toy slump
Hasbro’s toy and entertainment sales fell and the company recorded a $1 billion charge related to the impact of tariffs.
Continue readingWhy cutting capital gains tax on home sales wouldn’t solve the country’s housing issues
President Donald Trump has suggested eliminating the capital gains tax on home sales. That would largely benefit the high end of the housing market.
Continue readingU.S. to remove mercury preservative from flu shots following RFK Jr. vaccine panel voteĀ
While few shots still contain thimerosal, the move eliminates a vaccine option for Americans and is a win for the anti-vaccine movement.
Continue readingJune home sales drop as prices hit a record high
Existing home sales in June dropped more than expected, as prices hit another record high and mortgage rates remain high. Supply, however, is growing.
Continue readingMcDonald’s revamped Snack Wraps are winning over customers
Early data shows that McDonald’s snack wraps are driving traffic and sales growth for the burger chain.
Continue readingInstitutional landlords see new competition from an unexpected source
Some frustrated sellers are deciding to delist their properties and instead offer them on the rental market.
Continue readingGoldman Sachs and BNY join forces to transform $7.1 trillion money market industry with digital tokens
Clients of BNY will be able to invest in money market funds whose ownership will be recorded on Goldman’s blockchain platform.
Continue readingHow companies are using body heat sensors to make offices more efficient and hospitable
Butlr uses body heat to track physical interactions and movement in the workplace. This helps clients save money through office efficiencies.
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