With some items, like ground beef, costing more and others, like eggs, costing less, family grocery bills have been rising. However, unless customers are making notes, it can be challenging to determine which products are experiencing the largest increases. News is tracking the average point-of-sale prices for six common supermarket items—orange juice, eggs, chicken breasts, […]
Visualize: Monitor grocery price trends. Read More »
A recall affecting 950 Robo taxis has been issued by General Motors’ autonomous vehicle venture, Cruise, in response to a pedestrian collision that occurred in San Francisco last month. After the Oct. 2 collision, in which a pedestrian was knocked into the path of the Cruise Robo taxi by a human driver in a separate
Cruise, GM’s self-driving division, recalls 950 robotaxis post-pedestrian collision. Read More »
By Romans Christine The powerful American economy is doing well by almost any metric. The widely anticipated recession of 2023 never materialized. Rather, the unemployment rate has not exceeded 4% for the past two years, wages are finally growing at a rate faster than inflation, and the economy grew by nearly 5% in the third
Warner Bros. Discovery’s stock dropped on Wednesday following the company’s announcement of a drop in advertising revenue, a larger-than-anticipated loss, and a lackluster number of streaming subscribers. LSEG, formerly known as Refinitiv, reports that the following is what the company reported for the quarter that ended on September 30, compared to analysts’ estimates: Share loss:
Rocket Lab, which released its third-quarter results on Wednesday and continued to see strength in its space systems division, is pushing to get its launch business back on track by the end of the year. According to LSEG (formerly Refinitiv) analysts, the company reported a net loss of $40.6 million, or 8 cents per share,
Last week saw the largest one-week decline in mortgage rates in more than a year, which led to the first increase in mortgage demand in a month. In comparison to the prior week, the total number of mortgage applications increased by 2.5% last week, as per the seasonally adjusted index released by the Mortgage Bankers
Mortgage rates experience a significant drop, prompting a gradual resurgence in demand. Read More »
Polestar, a Swedish manufacturer of electric vehicles, said on Wednesday that it will still need to raise money in order to break even in 2025, even with cost reductions. Additionally, the company lowered its current year guidance. After-hours trading saw a 3% increase in share prices. For 2025, Polestar stated that it now aims to
Virgin Galactic said on Wednesday that it will be pausing spaceflight operations for the upcoming year in order to concentrate resources on creating its next-generation Delta-class spacecraft. Virgin Galactic, the space tourism company, announced in its third-quarter results that, despite having operated its VSS Unity spacecraft on a monthly basis since June, it will now
ANGELES, CA Disney’s earnings beat forecasts, partly because of the company’s profit at ESPN+ and its theme parks’ ongoing expansion, but the top line was negatively impacted by a drop in ad revenue. Disney added that it intends to keep up its “aggressive management” of its cost base, boosting its cost-cutting initiatives by an extra
Disney saves $2 billion more, makes higher profits than expected. Read More »
The sports industry leader in the world is still active. For the first time ever, Disney has released the financial details of its sports division, and ESPN’s operating income increased 16% year over year to $987 million in the company’s fiscal fourth quarter. The segment’s revenue increased 1% annually to $3.8 billion. Disney also disclosed
ESPN strong, Disney networks down. Read More »
