American Eagle recently announced its quarterly results, falling short of Wall Street’s sales expectations for the second quarter in a row. However, the company managed to grow its profit by nearly 60%, attributed in part to lower product costs. Despite this growth, the company’s shares still dropped by more than 8% in early trading on
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In the first half of 2024, the toy industry faced challenges due to inflation, leading to a sales slump. However, Lego managed to defy the odds by reporting a 13% increase in revenue, totaling 31 billion Danish krone or approximately $4.65 billion. Niels Christiansen, the CEO of Lego, attributed this growth to the company’s strong
The exponential growth of the crypto industry has led to a significant increase in the population of crypto millionaires worldwide. According to a recent report by New World Wealth and Henley & Partners, the number of individuals holding more than $1 million in crypto assets has surged by a staggering 95% over the past year.
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting news on how they will be able to watch their local games in the upcoming NBA season. Both teams have decided to part ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing. While the
Restaurants have increasingly turned to surcharges and fees as a means of coping with rising costs and maintaining profitability. A recent report from Square revealed that in the second quarter of 2022, 3.7% of restaurant transactions included a service fee, marking a significant increase from previous years. While some argue that these fees are necessary
The Biden administration recently announced that it will be resuming the distribution of free at-home Covid-19 tests to American households starting in late September. This initiative comes at a crucial time as the virus continues to spread rapidly across the country during the summer months. Through the COVIDtests.gov website, Americans will have the opportunity to
The future of Paramount Global is up in the air as the special committee of Paramount recently announced that they would be extending the “go shop” period by 15 days due to a competing bid from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. However,
Ford Motor’s recent announcement regarding the delay in production of a next-generation all-electric pickup truck and the cancellation of plans for a three-row electric SUV signals a shift in the company’s priorities. Instead of focusing solely on all-electric vehicles, Ford has chosen to prioritize the development of hybrid models and electric commercial vehicles. This decision
Alaska Airlines has successfully passed the U.S. Justice Department’s scrutiny in its plan to acquire Hawaiian Airlines. This comes after the two carriers announced a $1.9 billion agreement to combine, marking a significant milestone in the process. The deal, which would become the largest merger of U.S. carriers since Alaska merged with Virgin America eight
As California continues to grapple with the surge in retail crime, Democratic Gov. Gavin Newsom has signed a set of 10 new bills into law aimed at addressing this growing issue. The new laws target various aspects of retail crime, including shoplifting, theft from vehicles, organized theft rings, and the resale of stolen goods on