This week, Disney is aiming for the stars, hoping that the Thanksgiving box office will soar and its centennial celebration film “Wish” will signal a turning point for the company’s struggling animation division. Even after loosened Covid restrictions encouraged moviegoers to return to theaters in 2019, The House of Mouse experienced its greatest year ever […]
There are indications that people aren’t in the festive, high-spending mood ahead of Black Friday, which is just over a week away. According to the Commerce Department’s report on Wednesday, U.S. retailers’ sales decreased by 0.1% in October compared to September. According to the agency, clothing sales were flat from the previous month while department
Holiday shopping season is kicking off slowly. Read More »
Siemens exceeded expectations on Thursday by reporting a 10% increase in revenue growth for its fiscal fourth quarter, reaching a record high of 21.4 billion euros ($23.2 billion). However, the company anticipates a slowdown in 2024. Due primarily to a muted outlook for its industrial automation division, the German industrial conglomerate projects sales growth of
Homebuilders across the country are still burdened by high mortgage rates, which has forced them to lower prices in an effort to entice buyers. Nonetheless, given recent indications that interest rates might drop soon, builders are cautiously optimistic. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), homebuilder sentiment dropped six
Homebuilder sentiment hits one-year low, yet optimism grows with declining rates. Read More »
Although Gap reported a better-than-expected third quarter on Thursday, the clothing company continues to seem cautious in the run-up to the holidays as it attempts to turn around slowdowns at Athleta and Banana Republic. The company, which also owns Old Navy and the namesake brand, greatly outperformed Wall Street forecasts for profits and same-store sales.
“Snow settles on top.” Lionsgate, the film’s distributor, and Coriolanus Snow, the protagonist of the upcoming “Hunger Games: The Ballad of Songbirds and Snakes,” both live by this motto. Based on author Suzanne Collins’ 2020 novel of the same name, the $3 billion prequel to the Hunger Games franchise is a stand-alone movie that takes
“Hunger Games prequel set for a $50M opening weekend.” Read More »
This holiday season, shoppers might receive an early gift: declining costs in a lot of gift-giving categories. Doug McMillon, the CEO of Walmart, stated on Thursday that deflation may be on the way as prices decline for essential grocery items like eggs, chicken, and seafood as well as general merchandise. According to him, the store
Walmart CEO warns of possible holiday season deflation. Read More »
How about a tip? With the widespread use of digital card readers, the prompts are now commonplace in a wide range of sales scenarios, from placing an order for coffee to making a payment for a packaged sandwich. Although automated requests for gratuities continue to cause confusion and complaints, new data indicates that customers easily
Tip requests appear to be a lasting presence, yet they are frequently overlooked. Read More »
The frightening season is coming to an end with Halloween, and the horrors of the real estate market are starting to lessen, if not completely disappear. Following a sharp increase, mortgage rates are starting to decline. As of Thursday, the interest rate on a 30-year fixed-rate mortgage dropped to 6.73%, according to government-sponsored mortgage giant
Mortgage rates are declining following a swift increase. Read More »
A few months after its Bud Light brand lost its top spot in the nation, Anheuser-Busch, the world’s largest beer company, announced the departure of its head of U.S. marketing. U.S. Chief Commercial Officer Kyle Norrington will oversee marketing operations after U.S. Chief Marketing Officer Benoit Garbe departs at the end of 2023 “to embark
