Best Buy recently announced that it has raised its fiscal-year profit guidance after surpassing both earnings and revenue expectations for the most recent quarter. This move has sparked optimism among investors and analysts alike, with the retailer now expecting to see full-year adjusted earnings per share in the range of $6.10 to $6.35, up from
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Ford Motor recently announced a shift in its approach to diversity, equity, and inclusion (DEI) initiatives, joining a growing list of companies reevaluating their commitments in this area. The automaker indicated that it conducted a review of its DEI policies and practices over the past year, taking into consideration the evolving external and legal landscape
The world has witnessed a remarkable surge in the population of crypto millionaires, with numbers skyrocketing by 95% over the past year. According to a recent report by New World Wealth and Henley & Partners, there are now 172,300 individuals globally holding more than $1 million in crypto assets, a significant increase from 88,200 in
As the upcoming National Basketball Association season approaches, Dallas Mavericks and New Orleans Pelicans fans are anxiously awaiting news on how they will be able to watch their local games. Both teams are making a significant move by exiting their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing.
Boeing’s announcement to return its Starliner capsule from the International Space Station without the NASA astronauts is a significant deviation from the original plan. The agency’s decision to have astronauts Butch Wilmore and Suni Williams return via SpaceX’s Dragon spacecraft highlights the issues faced during Starliner’s test flight, especially with its propulsion system. This unexpected
In response to the surge of Covid-19 cases in the U.S. this summer, the Biden administration announced that it will be reintroducing a program to offer free at-home Covid-19 tests to American households. This initiative, scheduled to launch in late September, aims to provide families with the tools they need to stay safe during the
The future of Paramount Global remains uncertain as the special committee announced an extension of the “go shop” period in the merger agreement with Skydance. Edgar Bronfman Jr. entered the picture with a competing offer of $6 billion, seeking to acquire a minority stake in Paramount. This offer aims to supersede Paramount’s existing merger agreement
Ford Motor recently announced a significant shift in its production plans, delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee and canceling plans for a three-row electric SUV. The company is now focusing on the development of hybrid models and electric commercial vehicles to better align with the market
Lowe’s recently announced a cut in its full-year forecast, citing a decline in quarterly sales and anticipating weakened spending on DIY projects. The company revised its total sales projection to be between $82.7 billion to $83.2 billion, down from the previous expectation of $84 billion to $85 billion. Comparable sales are now expected to decrease
United Auto Workers President Shawn Fain’s recent video accusing Stellantis CEO Carlos Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker has caused quite a stir in the automotive industry. While it is not uncommon for labor unions and corporate executives to clash over issues such