Walmart joins a growing list of retailers, including Amazon and Target, that are cutting costs.
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Movie theater stocks pop after report says Apple plans to spend $1B a year on releases
The investment is part of Apple’s plan to raise its profile in Hollywood.
Continue readingStarbucks CEO says he’ll work a shift at the company’s cafes once a month
New Starbucks CEO Laxman Narasimhan plans to work a shift once a month at the company’s cafes.
Continue readingFord’s EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units
The financials are the first detailed look at EV profitability as Ford unveils a new financial reporting structure.
Continue readingStarbucks shareholders to vote on proposals for labor probe, succession planning
New Starbucks CEO Laxman Narasimhan will lead the company’s shareholder meeting just days after his transition to the role.
Continue readingOlive Garden parent raises revenue outlook as same-store sales jump
Darden’s same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille.
Continue readingRelativity’s first 3D-printed rocket launches successfully but fails to reach orbit
Relativity Space, a 3D-printing specialist, launched the inaugural flight of its Terran 1 rocket late on Wednesday night.
Continue readingFAA launches new plan to avoid flight delays in NYC, DC this summer
The government controls the number of take-offs and landings at some of the country’s most congested airports.
Continue readingDefense for ‘Rust’ armorer prepares to file motion to dismiss manslaughter case
Original “Rust” armorer Hannah Gutierrez-Reed and star Alec Baldwin are charged with involuntary manslaughter in the death of Halyna Hutchins.
Continue readingTrump-linked Digital World Acquisition Corp fires CEO Patrick Orlando
DWAC, which planned to take Trump’s media company public, is being probed by federal authorities.
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