Investments and Business

Related media - Breaking news Subway began phasing out its foot-long $5 sandwiches a decade ago. However, other fast-food chains have recently revived the $5 price tag to attract customers who have cut back on spending. As many restaurant companies prepare to report second-quarter results, investors expect to hear that customer visits have declined and sales have slowed, with a few exceptions like Chipotle. To boost next quarter's results, chains like McDonald's, Taco Bell, Burger King, and Wendy's have introduced or reintroduced $5 meal deals. McDonald's expects traffic to increase due to these promotions, although Wall Street remains skeptical that…

Related media - Breaking news DETROIT — General Motors has unveiled the latest version of its iconic sports car, the Chevrolet Corvette, set to become the most powerful model in the brand’s history. The 2025 Chevy Corvette ZR1 will feature a 5.5-liter twin-turbo V8 engine that produces over 1,000 horsepower and 828 pound-feet of torque. This significant increase in power positions the ZR1 among the elite supercars, typically priced in the hundreds of thousands of dollars. “This car accelerates like a freight train,” noted Tadge Juechter, Corvette’s executive chief engineer since 2006, at a recent media event. “We expect this…

Related media - Breaking news Warner Bros. Discovery has filed a lawsuit against the NBA to secure the rights to broadcast a package of live games, challenging the league’s decision to award those rights to Amazon. “Due to the NBA’s unjustified rejection of our game against a third-party offer, we have initiated legal proceedings to enforce our rights,” said TNT Sports, a unit of Warner Bros. Discovery. “We firmly believe this is not only our contractual right, but also the best service for fans who prefer our flexible and widely accessible platforms, including TNT and Max.” The media company seeks…

More news - Recent news Here are some stocks that saw significant moves in after-hours trading: Dexcom Dexcom shares jumped after their quarterly earnings report beat Wall Street expectations. The company, known for its continuous glucose monitoring systems, reported stronger-than-expected revenue growth, fueling investor optimism and sending the stock up 7%. Lane Online learning platform Coursera saw its shares rise 5% after reporting better-than-expected revenue and user growth. The company cited increased enrollment and partnerships with educational institutions as key factors contributing to its positive performance. Deckers outdoors Deckers Outdoor, the parent company of popular brands like UGG and Teva,…

Related media - Breaking news When Rachel Burress moved into her mother's house a decade ago, she intended it to be a short-term arrangement before she bought her own home. Now 35, the hairdresser has spent years improving her credit score and saving for a down payment. But with mortgage rates hovering around 7 percent and home prices skyrocketing, it seems unlikely the mother of three will secure her own home any time soon. “I don’t even know if I’ll ever be able to get out and have my own place,” said Burress, who lives in Aledo, Texas, about 20…

More news - Latest news Here are the companies making headlines in after-hours trading: Alphabet — The tech giant slipped 1% despite reporting declines in both revenue and profit for the second quarter. Alphabet earned $1.89 a share on $84.74 billion in revenue. Consensus estimates called for earnings of $1.84 a share on $84.19 billion in revenue. However, its YouTube advertising revenue missed forecasts. Tesla — Shares of the electric vehicle maker fell 4.7% after second-quarter earnings missed consensus estimates. Tesla reported adjusted earnings per share of 52 cents, while analysts polled by LSEG had expected 62 cents per share.…

More news - News 24 hours David Ellison’s Hollywood journey has been filled with high-energy, adrenaline-filled blockbusters filled with suspense, stunts and unexpected twists. But on Sunday, he achieved his most significant milestone by negotiating a merger with Paramount after months of discussions with the company and its largest shareholder, Shari Redstone. If the deal goes through, he will oversee a vast media empire that includes CBS, MTV and the Paramount movie studio. Although Ellison, 41, has been among Hollywood's elite for over a decade, he's only just now entering the spotlight. Here's a rundown of his career. Who is…