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Dove Maker Unilever Still Raising Prices as Volumes Slip
The consumer-goods giant—a bellwether for the global economy and consumer sentiment—boosted prices to make up for soaring commodities and other costs. Source link
'Barbenheimer' Poised to Deliver a Blowout Weekend
The dual release of “Barbie” and “Oppenheimer” could help deliver the strongest U.S. box office weekend of the year in an otherwise sleepy summer for
Chinese Consumers Pinch Pennies on Staples as Pandemic Habits Linger
The average selling prices of toothbrushes, infant formula and makeup are declining as businesses adapt to circumstances. Source link
J&J Revenue Up on Surge in Heart Procedures
Net earnings at the pharmaceutical company rose 6.9% to $5.14 billion, or $1.96 a share. Source link
Home Sales Fall Amid High Mortgage Rates, Low Supply
Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to a seasonally adjusted annual rate
Tesla's AI Hype Collides With Reality
Elon Musk leaned into perceptions of Tesla as a leader in artificial intelligence on Wednesday’s earnings call, but didn’t signal concrete progress on self-driving technology
American Airlines Raises Profit Outlook as Demand for Trips Abroad Heats Up
The airline said quarterly sales rose almost 5% from a year ago and above analysts’ expectations. Source link
Tesla's AI Hype Collides With Reality
Elon Musk leaned into perceptions of Tesla as a leader in artificial intelligence on Wednesday’s earnings call, but didn’t signal concrete progress on self-driving technology
Tesla to Report Second-Quarter Earnings Fueled by Sales Growth
Analysts are looking to see the impact of price cuts on the EV maker’s bottom line. Source link
Homeowners Don't Want to Sell, So Home Builders Are Booming
High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was