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Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev
Business

Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev

The brewing giant lost market share after the Dylan Mulvaney debacle, but it says consumers remain favorable toward Bud Light. Source link

Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs
Business

Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs

Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs Source link

Maaco, Meineke Owner Is Hit By Rising Car-Wash Competition
Business

Maaco, Meineke Owner Is Hit By Rising Car-Wash Competition

Driven Brands entered the car-wash business line in 2020, and it is now its third-largest segment by revenue. Source link

CVS Reports Stronger Demand
Business

CVS Reports Stronger Demand

The healthcare company said a 10.3% increase in its second-quarter sales was driven by growth in its health benefits business. Source link

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall
Business

Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall

The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said. Source link

Americans' Thirst for Diageo's High-End Spirits Slows
Business

Americans' Thirst for Diageo's High-End Spirits Slows

The owner of Johnnie Walker scotch said sales of its $50-a-bottle liquor are growing more slowly as pandemic-era spending patterns fade. Source link

Caterpillar's Sales Surge as Construction Booms
Business

Caterpillar's Sales Surge as Construction Booms

Revenue was lifted by higher sales across all three of its major segments. Source link

Uber Delivers First-Ever Operating Profit
Business

Uber Delivers First-Ever Operating Profit

The company’s ride-hailing and delivery businesses grew as efforts to stem losses bore fruit. Source link

Jeep Looks to Veer Out of Sales Ditch
Business

Jeep Looks to Veer Out of Sales Ditch

The rugged American brand that spawned the modern SUV has posted lower sales for eight straight quarters. Source link