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U.S. Steelmakers Are Still Expanding as Demand Slows
Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand. Source link
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
Meta's Ray-Ban Smart Glasses Fail to Catch On
The company plans the release of the second generation as less than 10% of the devices purchased are used monthly, an internal company document shows.
DoorDash Order Frequency Hits New High as Delivery Demand Stays Strong
The company said consumers spent more on deliveries of food and household essentials. Source link
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
Driven Brands entered the car-wash business line in 2020, and it is now its third-largest segment by revenue. Source link
UAW Says Costly EV Transition Won't Change Union's Demands
Union leader Shawn Fain outlines labor’s priorities in talks with carmakers, indicating a widening gulf between the two sides Source link
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
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
Revenue was lifted by higher sales across all three of its major segments. Source link