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Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines

Business News

Budrul Chukrut | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street’s expectation as same-store sales at KFC and Pizza Hut slid more than expected. “The complex consumer environment that exists in many markets around the globe has contributed to pronounced regional sales variations, which has caused our system-sales […]

Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines Read More »

Burger King parent Restaurant Brands falls short of third-quarter expectations

Burger King parent Restaurant Brands falls short of third-quarter expectations

Business News

A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. – the parent company of BK- in new and existing markets. Joan Cros | NurPhoto | Getty Images Restaurant Brands International on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as domestic same-store sales growth

Burger King parent Restaurant Brands falls short of third-quarter expectations Read More »

As Americans head to the polls, social media companies are in the spotlight

As Americans head to the polls, social media companies are in the spotlight

Finance News

Kamala Harris and Donald J. Trump social media sites on X, formerly known as Twitter, are displayed on mobile phones screens for illustration photo.  Beata Zawrzel | Nurphoto | Getty Images With Americans heading to the polls on Election Day, social media companies like Meta, TikTok, X and YouTube are under intense pressure to handle

As Americans head to the polls, social media companies are in the spotlight Read More »

Retailers brace for DEI blowback in lead-up to election, holiday shopping season

Retailers brace for DEI blowback in lead-up to election, holiday shopping season

Business News

A sign disparaging Bud Light beer is seen along a country road on April 21, 2023 in Arco, Idaho. Anheuser-Busch, the brewer of Bud Light has faced backlash after the company sponsored two Instagram posts from a transgender woman. Natalie Behring | Getty Images Retailers are facing a tough equation as they head into the

Retailers brace for DEI blowback in lead-up to election, holiday shopping season Read More »

Striking Boeing machinists vote on union-backed contract proposal, this time with a warning

Striking Boeing machinists vote on union-backed contract proposal, this time with a warning

Business News

Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024.  David Ryder | Reuters Boeing‘s more than

Striking Boeing machinists vote on union-backed contract proposal, this time with a warning Read More »

Singapore Airlines will add first class, revamp cabins for longest flights

Singapore Airlines will add first class, revamp cabins for longest flights

Business News

Singapore Airlines new business-class seats. Courtesy: Singapore Airlines Singapore Airlines is planning to add a four-seat first class to the Airbus aircraft it uses for its longest routes, a bet to attract high-spending travelers to flights that can top 17 hours. The carrier will add the new seats to seven Airbus A350-900 URLs, or ultra-long-range

Singapore Airlines will add first class, revamp cabins for longest flights Read More »

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

Business News

A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network Read More »

Apple commits .5 billion to Globalstar for expanded iPhone satellite services

Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services

Business News

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company’s current debt, and a 20% equity stake. The

Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services Read More »

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