Amazon expands same-day fresh food delivery to over 1,000 US cities, aiming to boost its grocery market share. This follows successful trials in Phoenix, Orlando, and Kansas City, where repeat purchases doubled among users. The service, integrated into the main Amazon app, offers free delivery for Prime members...
Gildan Activewear is acquiring HanesBrands for $2.2 billion, including debt. This deal gives Gildan access to well-known brands like Hanes and Maidenform. HanesBrands has struggled financially in recent years, with declining sales and no annual profit since 2021. The acquisition will see HanesBrands shareholders receive Gildan stock and...
McDonald's Japan canceled a Pokemon card Happy Meal promotion after resellers bought numerous meals and discarded the food, creating mountains of waste near stores. The company apologized for inadequate preparations, stating this contradicted their philosophy of providing a fun family dining experience. To prevent future issues, McDonald's plans...
Cava's stock plummeted over 20% after the company lowered its full-year same-store sales growth forecast to 4-6%, from the previous 6-8%. While second-quarter net income was $18.4 million (16 cents per share), same-store sales growth was only 2.1%, significantly below Wall Street's 6.1% projection. Despite exceeding earnings per...
Elon Musk's xAI is threatening legal action against Apple, accusing the company of antitrust violations by favoring OpenAI in App Store rankings. Musk claims Apple prevents xAI's Grok and X from achieving top rankings, despite Grok's #5 position. OpenAI CEO Sam Altman responded, suggesting Musk manipulates X's algorithm. ...
Apple Cinemas is defending itself against a trademark infringement lawsuit filed by Apple Inc. Apple Cinemas, a movie theater chain operating since 2013, maintains its name predates any confusion and reflects its geographic origins. They claim their branding is distinct and deny any intention to mislead consumers. ...
Walmart is selling a new Apple MacBook Air 13" with the M1 chip for $599, a price significantly lower than competitors. This 2020 model, while older, remains capable for everyday tasks like word processing and video streaming. The deal includes free delivery and a one-year Apple warranty. ...
Sinclair Broadcast Group, a major US broadcaster, announced a strategic review of its business, potentially leading to a merger. The company is also exploring a spin-off or split of its ventures unit, including the Tennis Channel and Compulse. Discussions with potential merger partners are underway, although no deal...
Facing a potential US EV market collapse, Ford is investing $2 billion in a new strategy inspired by China. This involves a $30,000 midsize electric pickup truck, potentially reviving the Ranchero name, launching in 2027. Ford aims to undercut competitors like Tesla by focusing on affordability and using...
Ford will invest nearly $2 billion to retool its Louisville, Kentucky, plant for electric vehicle (EV) production, aiming for more affordable and profitable EVs to compete with rivals. The plant, operating for 70 years, will produce a midsize electric pickup truck starting in 2027. This initiative, described as a...
