Charter shares plunged after its chief financial officer said the company may lose broadband subscribers in the fourth quarter.
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Eli Lilly weight loss drug Zepbound now available at pharmacies as rival Wegovy faces shortages
Eli Lilly’s drug serves as an alternative to rival obesity drugs such as Wegovy that are still facing supply issues.
Continue readingWalmart’s hiring and wage pressures have eased, CEO says
Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses.
Continue readingWomen’s sports, NFL’s Swift bump and Messi helped define a big year in ticket sales, StubHub says
StubHub is out with its Live Experiences Report which outlines some of the biggest influences in ticket sales for 2023.
Continue readingLawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO
Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn’t use forced labor after the retailer confidentially filed to go public.
Continue readingWells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.
Continue readingDisney+ adding Hulu integration as streaming bundles accelerate
Disney had previously offered a bundle of Disney+ and Hulu, but Wednesday’s release is part of a push to integrate the two platforms.
Continue readingMortgage refinance demand jumps 14% as rates fall to lowest point since August
After hitting 8% in October, the rate for the popular 30-year mortgage is heading back down toward 7%.
Continue readingWalmart CEO says consumers may not be as resilient next year, even as deflation starts to show
In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling […]
Continue readingMcDonald’s aims to open nearly 9,000 restaurants, add 100 million loyalty members by 2027
After 2024, McDonald’s is targeting systemwide sales growth of 2.5% in constant currency.
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