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Target says its holiday sales were better than expected — but its profits weren’t

Target says its holiday sales were better than expected — but its profits weren’t

Business News

Ugly Sweater display, OMG! Santa! I know Him! from the movie Elf, on display in Target store, Queens, New York.  Lindsey Nicholson | Getty Images Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days known for deep discounts. The big-box retailer […]

Target says its holiday sales were better than expected — but its profits weren’t Read More »

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’

Business News

A Southwest Airlines Boeing 737 departs Los Angeles International Airport en route to Las Vegas on September 19, 2024 in Los Angeles, California.  Kevin Carter | Getty Images The Department of Transportation on Wednesday sued Southwest Airlines, alleging the carrier operated chronically delayed flights, and fined Frontier Airlines for late-arriving flights. The lawsuit follows a

DOT sues Southwest, fines Frontier for ‘chronically delayed flights’ Read More »

Firefly Aerospace kicks off first moon mission after SpaceX launch

Firefly Aerospace kicks off first moon mission after SpaceX launch

Business News

The company’s Blue Ghost moon lander before shipping out for launch. Firefly Aerospace Another American company, Texas-based rocket and spacecraft builder Firefly Aerospace, is moon-bound. Firefly’s “Blue Ghost” cargo lander launched from Florida early Wednesday morning on SpaceX’s Falcon 9 rocket to begin a 45-day trip. The space transportation company’s first moon mission comes as

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Eli Lilly shares drop as drugmaker cuts revenue guidance on weight loss drug demand

Eli Lilly shares drop as drugmaker cuts revenue guidance on weight loss drug demand

Business News

The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024.  Ore Huiying | Bloomberg | Getty Images Eli Lilly cut its revenue guidance on Tuesday as it said demand for its weight loss and diabetes drugs would not meet its lofty expectations. The drugmaker’s

Eli Lilly shares drop as drugmaker cuts revenue guidance on weight loss drug demand Read More »

Moderna stock plunges 18% after company lowers 2025 sales forecast by billion

Moderna stock plunges 18% after company lowers 2025 sales forecast by $1 billion

Business News

The Moderna Inc. headquarters in Cambridge, Massachusetts, US, on Tuesday, March 26, 2024.  Adam Glanzman | Bloomberg | Getty Images Moderna on Monday lowered its 2025 sales guidance by roughly $1 billion due to a few potential headwinds later this year, as the biotech company continues to cut costs and expand its portfolio. Moderna now

Moderna stock plunges 18% after company lowers 2025 sales forecast by $1 billion Read More »

Lululemon says holiday season was better than expected, raises earnings and revenue guidance

Lululemon says holiday season was better than expected, raises earnings and revenue guidance

Business News

Signage at a Lululemon store in New York on Aug. 22, 2024. Yuki Iwamura | Bloomberg | Getty Images Lululemon raised its fourth quarter earnings and revenue guidance on Monday after seeing a strong response from shoppers during the all-important holiday season.  The athletic apparel company now expects sales to grow between 11% and 12%

Lululemon says holiday season was better than expected, raises earnings and revenue guidance Read More »

Chuck E. Cheese makes a comeback, with trampolines and a subscription program

Chuck E. Cheese makes a comeback, with trampolines and a subscription program

Business News

Chuck E. Cheese’s parent company has spent $230 million renovated its stores. Source: CEC Entertainment Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation. In June 2020, just as some states began lifting their pandemic lockdowns, Chuck

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