Coca-Cola has adjusted its full-year outlook as global demand for its beverages has increased in the second quarter of the year. The company now expects organic revenue growth of 9% to 10%, which is higher than its previous forecast. Additionally, Coke has raised its outlook for comparable earnings growth to a range of 5% to
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General Motors is gearing up to announce its second-quarter results, and the expectations on Wall Street are high. Analysts are predicting that GM will outperform its competitors in Detroit, with steady sales and vehicle prices in the first half of the year. The average estimates compiled by LSEG suggest that GM will report earnings per
Warner Bros. Discovery has expressed its intention to exercise its matching rights to secure a package of NBA games that were originally earmarked for another company. Specifically, the media company is targeting the deal between NBC and Amazon Prime Video. The move comes as part of Warner Bros. Discovery’s efforts to maintain a long-standing partnership
McDonald’s decision to extend its $5 value meal deal beyond the initial four-week period has proven to be a successful strategy in driving traffic back to restaurants. With 93% of its restaurants voting to continue the promotion, it is clear that the offer is resonating with customers and keeping them away from the competition. The
The financial markets are eagerly awaiting the second-quarter results of the traditional Detroit automakers, with General Motors (GM) expected to be the standout performer. Wall Street analysts are forecasting GM to report a solid adjusted profit of $2.75 per share, representing a significant increase of 44.2% from the previous year. Additionally, GM is expected to
The case of Michelle Mack, a California woman accused of leading a nationwide organized retail crime operation, has garnered national attention. Mack and her husband, Kenneth, were recently sentenced to more than five years in prison for their involvement in stealing millions of dollars worth of merchandise from major retailers such as Ulta Beauty and
Penn Entertainment has recently announced plans to lay off approximately 100 employees in order to focus on growth for ESPN Bet. This decision was communicated by CEO Jay Snowden in an internal email to staff members. The move is aimed at enhancing operational efficiencies following the company’s acquisition of theScore, a Canadian media and gaming
Ford Motor recently announced a major shift in its production plans, opting to expand the production of its large Super Duty trucks at a Canadian plant that was initially earmarked for conversion into an all-electric vehicle hub. This decision involves a significant investment of approximately $3 billion, with $2.3 billion allocated to the Oakville Assembly
General Motors has announced that the Cadillac Escalade V-Series performance model will see an increase in production for the 2025 model year. The SUV will come equipped with a standard 55-inch diagonal display across the dash, a passenger-only screen, an “executive package” for the second row, power doors, and large 24-inch wheels. These updates aim
New Balance announced a new multiyear deal with the WNBA, signaling its commitment to women’s sports. This partnership will make New Balance an official partner of the WNBA, adding to a growing list of backers for the league. The deal includes broadcast, digital, and retail content featuring Los Angeles Sparks rookie forward Cameron Brink. This