The airplane industry, which usually sees massive orders at air shows, faced a different scenario at this year’s biggest airshow. With the focus shifting to the challenges Boeing and Airbus are facing in ramping up airplane production post-pandemic, the industry is grappling with production delays and output fluctuations. Analysts predict that issues such as training
Business
McDonald’s executives have recently come to terms with the fact that consumers perceive their prices as too high, especially lower-income individuals who are feeling the effects of prolonged inflation. This acknowledgment was made during the company’s second-quarter earnings call, where executives admitted that there is a need to review their pricing strategy and focus on
McDonald’s is set to unveil its second-quarter earnings report, with analysts predicting an earnings per share of $3.07 and revenue of $6.61 billion. Despite these projections, the fast-food giant’s stock has experienced a 15% decline this year due to worries about consumer spending and the overall state of the restaurant industry. In response to shrinking
Fast-food chains like McDonald’s, Taco Bell, Burger King, and Wendy’s have recently reintroduced or unveiled meal deals priced at $5. This strategy aims to attract customers who have reduced their spending amid economic uncertainty. While McDonald’s reports an increase in traffic as a result of these promotions, investors remain cautious about a significant sales boost
The highly anticipated release of Disney and Marvel’s “Deadpool & Wolverine” has shattered expectations by securing an impressive $38.5 million in Thursday previews. This preview haul marks the eighth largest ever and the highest for an R-rated film release. The film’s domestic debut is projected to soar above $150 million, setting a record for an
Southwest Airlines is predicting a possible decline in unit revenue for the third quarter due to an oversupplied U.S. market. This oversupply has led airlines to reduce ticket prices during what is typically the most profitable time of the year. The airline stated that unit revenue for the current quarter may drop by up to
Chipotle Mexican Grill made headlines on Wednesday with its quarterly earnings report that exceeded analysts’ expectations. The company saw increased traffic at its restaurants, defying the industry-wide slowdown that has been plaguing many other food establishments. Despite initial gains, Chipotle’s stock eventually settled around 3% higher, marking a positive outcome for the company. For the
The real estate market in June saw a significant drop in sales of previously owned homes, amounting to a 5.4% decrease from the previous month. This decline resulted in a sales pace not witnessed since December, indicating a slow shift from a seller’s market to a buyer’s market. Lawrence Yun, chief economist for the National
McDonald’s decision to extend its $5 value meal offer has received a positive response from the majority of its U.S. markets. The promotion, which was initially set to last for just a month, has been extended through August in nearly 93% of McDonald’s restaurants. This move was made in response to the positive impact the
A nationwide organized retail crime operation targeting major retailers such as Ulta Beauty and Sephora has been brought to justice. Michelle Mack, the ringleader of the operation, along with her husband, Kenneth, faced a California state judge who sentenced them to more than five years in prison. This comes after they pleaded guilty to conspiracy