Yum Brands faced challenges in the quarter as both Pizza Hut and KFC reported declining same-store sales. CEO David Gibbs attributed the decline to the impacts from the Middle East conflict and a more cost-conscious consumer base. These factors presented headwinds to same-store sales, affecting the company’s overall performance. Yum Brands reported mixed financial results
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Jeff Bezos, the founder and executive chairman of Amazon, has been garnering attention for his substantial investments in artificial intelligence (AI) through his family office, Bezos Expeditions. These investments have been the focus of exclusive data provided by FINTRX, a private wealth intelligence platform, showcasing Bezos’ significant contributions to the AI sector. Bezos Expeditions, led
Delta Air Lines CEO, Ed Bastian, recently made headlines by offering employees two free travel passes as a token of gratitude for their dedication and hard work during the massive disruptions caused by a botched CrowdStrike software update. The disruptions, which took place last month, led to thousands of customers and crew members being stranded
DraftKings, a leading mobile betting platform, recently announced its plans to implement a gaming surcharge on winning bets in states with high sports betting tax rates. This decision comes as the company aims to increase its profitability in the competitive market. The CEO and co-founder of DraftKings, Jason Robins, justified the implementation of the gaming
It has been reported that all doses of Eli Lilly’s popular weight loss injection, Zepbound, and diabetes drug, Mounjaro, are now fully available in the U.S. This update comes after the U.S. Food and Drug Administration’s drug shortage database announced that previous shortages of the treatments have been resolved. The shortage of some doses of
Tadge Juechter, the “godfather” of the modern Corvette, has left a lasting imprint on the iconic American sports car. With his retirement from General Motors after nearly five decades, Juechter’s influence on the Corvette brand is undeniable. One of the key topics of discussion surrounding the future of Corvette is the electrification of the vehicle.
The 2024 Summer Olympics held in Paris have garnered the attention of millions of viewers across the United States, with a significant highlight being the presence of Snoop Dogg during the coverage. From interacting with athletes and their families to trying out various sports and providing analysis, Snoop Dogg has become a central figure in
Recent data shows a significant decline in mortgage rates in the United States, with the popular 30-year fixed mortgage dropping to 6.4% and the 15-year fixed rate falling to 5.89%. These rates are the lowest seen since early April 2023, presenting a favorable opportunity for potential homebuyers looking to secure a mortgage. The decrease in
In a groundbreaking move, Morgan Stanley announced to its financial advisors that they will soon be able to offer bitcoin ETFs to eligible clients. This decision marks a significant shift in the approach of major Wall Street banks towards cryptocurrencies, particularly bitcoin. Starting Wednesday, the firm’s financial advisors can recommend eligible clients to purchase shares
Eli Lilly’s groundbreaking weight loss drug, Zepbound, has shown remarkable benefits in patients suffering from heart failure and obesity, marking a significant advancement in the pharmaceutical industry. The late-stage trial data released by the company unveils the profound impact of Zepbound beyond its intended purpose of weight loss and blood sugar regulation. The findings from