General Motors (GM) is gearing up to unveil its second-quarter results, with analysts forecasting earnings per share of $2.75 adjusted, and revenue amounting to $45.46 billion. This would represent an increase in revenue of 1.6% compared to the previous year, along with a substantial 44.2% rise in adjusted earnings per share. These figures are indicative
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Warner Bros. Discovery recently informed the National Basketball Association (NBA) that it plans to exercise its matching rights for a package of games that were originally meant for another company. The target of the deal is the agreement between NBC and Amazon Prime Video, as per a reliable source. The company expressed its commitment to
McDonald’s decision to extend its $5 value meal promotion beyond the initial four weeks in most of its U.S. markets has proven to be a successful strategy. According to a memo obtained by CNBC, 93% of McDonald’s restaurants have voted to extend the promotion past its original end date. The majority of locations will continue
When it comes to traditional Detroit automakers, General Motors seems to be the one standing out among the rest. With stable sales and vehicle prices in the first half of the year, GM is expected to report a solid adjusted profit for the second quarter. Wall Street analysts estimate that GM will report earnings of
The recent sentencing of Michelle Mack, the ringleader of a nationwide organized retail crime operation that targeted major retailers such as Ulta Beauty, has shed light on the harsh legal consequences that individuals involved in such criminal activities may face. Michelle Mack, along with her husband Kenneth, received a delayed sentence of five years and
Ford Motor Company recently made an announcement regarding their plans to expand production of their large Super Duty trucks. This decision comes as a surprise to many, as the Canadian plant where this expansion will take place was initially intended to be converted into an all-electric vehicle hub. The company will be investing approximately $3
Penn Entertainment recently announced a significant decision to lay off approximately 100 employees as part of its strategic focus on the growth of ESPN Bet. This move comes in the wake of the company’s acquisition of Canadian media and gaming giant, theScore. With a workforce of around 20,000 employees, this decision is aimed at enhancing
The 2025 Cadillac Escalade V-Series is set to revolutionize the luxury SUV market with a host of new upgrades and enhancements. Building on its legacy of bold American craftsmanship, technology, and performance, this flagship SUV is raising the bar once again with a standard 55-inch diagonal display, an “executive package” for the second row, and
New Balance has recently announced a significant multiyear deal with the Women’s National Basketball Association (WNBA), adding to the list of supporters of women’s sports. Through this agreement, New Balance is set to become an official partner of the WNBA, showcasing broadcast, digital, and retail content that will feature promising Los Angeles Sparks rookie forward,
Morgan Stanley recently announced their second-quarter earnings report, revealing that both profit and revenue surpassed analysts’ estimates. The company reported earnings of $1.82 per share, higher than the $1.65 LSEG estimate. Additionally, revenue for the quarter reached $15.02 billion, exceeding the $14.3 billion estimate. These results demonstrate a significant improvement from the previous year, with