Breaking News: Business
Coffee delivery is now a $1 billion business for Starbucks
Close-up of a Starbucks branded paper bag on a picnic table outdoors in a park, Walnut Creek, California, May 19, 2024. Smith Collection/gado | Archive Photos | Getty Images Coffee delivery has turned into a $1 billion business for Starbucks. The coffee giant said on Wednesday that its annual delivery sales crossed the milestone in […]
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Chipotle cuts same-store sales forecast for third straight quarter as diner visits drop again
A customer carries a Chipotle bag in San Francisco, California, US, on Friday, Jan. 31, 2025. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly revenue that fell short of expectations and cut its same-store sales forecast for the third straight quarter. Chipotle is expecting its full-year same-store sales […]
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Starbucks is about to report earnings. Here’s what to expect
The American multinational chain Starbucks Coffee store and logo seen displayed. Sopa Images | Lightrocket | Getty Images Starbucks is expected to report its quarterly earnings after the bell on Wednesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report for its fiscal fourth quarter: Earnings per share: 56 cents […]
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FDA to speed up approvals of generic biologic medicines as Trump targets high drug costs
U.S. Food and Drug Administration Commissioner Marty Makary speaks during a press conference alongside U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., and Centers for Medicare & Medicaid Services Administrator Mehmet Oz, discussing administration plans to lower drug costs, at the Department of Health and Human Services in Washington, D.C., U.S., Oct. […]
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How a lapse in SNAP benefits could affect consumers and retailers
A man holds a sign reading “SNAP Feeds Families,” as food aid benefits will be suspended starting November 1 amid the ongoing U.S. government shutdown, during “A Rally for SNAP” on the steps of the Massachusetts Statehouse in Boston, Massachusetts, U.S., October 28, 2025. Brian Snyder | Reuters Nearly 42 million Americans are days away […]
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Eli Lilly, Walmart to offer first retail pickup option for discounted vials of weight loss drug Zepbound
The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024. Ore Huiying | Bloomberg | Getty Images Eli Lilly and Walmart on Wednesday said they have teamed up to expand access to the drugmaker’s weight loss drug Zepbound, allowing U.S. patients to get vials […]
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Paramount to lay off 1,000 employees, with more cuts expected
The logo and lettering of Paramount Skydance Corporation can be seen at a Paramount stand at the Media Days in Munich (Bavaria, Germany). Matthias Balk | Picture Alliance | Getty Images Paramount Skydance is slashing nearly 1,000 jobs beginning on Wednesday, just months after the close of its merger, according to a person close to […]
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GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges
The Ultium Cell factory in Warren, Ohio, is shown, July 7, 2023. Gene J. Puskar | AP General Motors laid off roughly 1,700 workers at manufacturing sites in Michigan and Ohio on Wednesday, citing a slowdown in the electric vehicle market. The company confirmed there were around 1,200 layoffs at Detroit’s electric vehicle plant and 550 cuts […]
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Character.AI to block romantic AI chats for minors a year after teen’s suicide
Cfoto | Future Publishing | Getty Images Character.AI on Wednesday announced that it will soon shut off the ability for minors to have free-ranging chats, including romantic and therapeutic conversations, with the startup’s artificial intelligence chatbots. The Silicon Valley startup, which allows users to create and interact with character-based chatbots, announced the move as part of […]
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