Many on Wall Street maintained buy ratings on the tech giant even after it dropped 10% after poor revenue forecast.
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Analysts are mostly confident Amazon can work through inflationary pressures, JPMorgan says ‘buy the pullback’
Business
Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes
An Allegiant Air plane lands at Harry Reid International Airport on July 26, 2022, in Las Vegas. Chase Stevens | Las Vegas Review-Journal | Tribune News Service | Getty Images Allegiant Travel Co.’s acquisition of Sun Country Airlines closed on Wednesday, and the chief executive of the combined company, Greg Anderson, said Allegiant Air will […]
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Business
Beer demand stumbles as gas prices surge, data show
A customer shops for beer in a supermarket in New York on Jan. 22, 2026. Charly Triballeau | AFP | Getty Images U.S. beer sales have dropped more sharply than expected, as new scanner data points to weakness in the category. The slowdown is also raising concerns on Wall Street that higher gasoline prices may […]
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Kool-Aid to launch electrolyte packets with no artificial dyes as part of Kraft Heinz makeover
Kool-Aid Hydration is launching with three flavors: grape, tropical punch and blue raspberry lemonade. Source: Kool-Aid Kool-Aid is launching electrolyte packets made without artificial dyes, aimed at reaching consumers who want to hydrate, but not for Gatorade or Liquid I.V. prices. The new product is part of parent company Kraft Heinz’s broader plan to modernize […]
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