Chili’s, a casual dining chain, has experienced a significant increase in same-store sales of nearly 15% in its latest quarter. This success has been attributed to an ad campaign targeting fast-food chains and the popularity of an appetizer that went viral on TikTok. However, despite the positive growth, there are new challenges that the company
Financial technology firm Klarna is making waves in the banking industry with the introduction of new products that aim to disrupt traditional retail banking. The company, known for its buy now, pay later loans, is expanding its offerings to include a checking account-like product and a cashback program. Klarna’s CEO and founder, Sebastian Siemiatkowski, highlighted
Alibaba, the e-commerce giant, faced disappointment in the June quarter of 2024 as it missed both top and bottom-line expectations. The company reported a revenue of 243.24 billion Chinese yuan, falling short of the 249.05 billion yuan expected. Similarly, the net income of 24.27 billion yuan was below the anticipated 26.91 billion yuan. This resulted
As Walmart prepares to release its quarterly earnings report, investors and economists are closely monitoring the results to gain insights into the current state of the American economy. With the retail giant serving as a barometer for consumer behavior, analysts are particularly interested in the company’s projected earnings per share and revenue figures. According to
Alaska Airlines flight attendants made a bold move by rejecting a new labor deal that would have brought immediate raises averaging over 24%. The decision was announced by their union on Wednesday, signaling a potential roadblock in the ongoing negotiations between the two parties. Initially, the union and the company had reached a tentative agreement
The recent construction boom in the United States has had a significant impact on the rental market, leading to lower rents and other benefits for renters. With a record level of construction activity since the pandemic, the supply of empty units has increased, resulting in more inventory being available for renters across the country. According
Former President Donald Trump has suggested a significant change to Social Security, proposing an end to taxes on benefit income. This proposal aims to alleviate the burden on seniors, allowing them to retain more of their monthly checks. However, the critical flaw in Trump’s plan is the absence of a concrete strategy to compensate for
Starbucks has recently announced their incoming CEO and Chair, Brian Niccol, who is set to take over the leadership position on September 9th. Niccol’s compensation package includes a significant pay bump and hefty one-time awards as an incentive for leaving his prior role as chief executive at Chipotle Mexican Grill. Niccol’s pay plan at Starbucks
As the economy continues to face uncertainties, financial advisors emphasize the importance of having a sufficient amount of emergency savings set aside. Despite some positive indicators, such as second-quarter economic growth, a significant portion of Americans mistakenly believe that the U.S. is currently in a recession. While some financial institutions have raised recession forecasts, others
Norway’s Government Pension Fund Global recently announced a staggering profit of 1.48 trillion kroner ($138 billion) for the first half of the year. This massive profit was primarily fueled by the robust returns on its investments in technology stocks. The fund, valued at 17.75 trillion kroner at the end of June, reported an overall return