JPMorgan Chase CEO Jamie Dimon recently expressed his belief that the chances of the U.S. economy having a “soft landing” are relatively low, standing at around 35% to 40%. According to Dimon, a recession is the most likely scenario at this point in time. His view remains consistent with his earlier stance in February when
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Disney is making moves to increase prices on its streaming platforms such as Disney+, Hulu, and ESPN+. The price hikes are set to take effect in mid-October, with most plans seeing an increase of $1 to $2 per month. For instance, the basic and premium plans for Disney+ will now be priced at $9.99 and
Yum Brands recently reported a quarter with mixed results, with both Pizza Hut and KFC experiencing declines in same-store sales. The impact of the Middle East conflict and a more cost-conscious consumer base were cited as reasons for these declines. Despite these challenges, Yum CEO David Gibbs noted that sales trends in the U.S. have
In a recent incident that shook Delta Air Lines to its core, the airline giant found itself in the midst of chaos due to a botched CrowdStrike software update. This disruption led to the cancellation of more than 5,000 flights over a span of five days, leaving thousands of customers and crew stranded. The fallout
Eli Lilly’s weight loss injection Zepbound and diabetes drug Mounjaro are now fully available in the U.S., as stated in an update on the U.S. Food and Drug Administration’s drug shortage database. This update marks a significant development in the availability of these popular medications. Previously, there were shortages reported for some doses of these
Tadge Juechter is a name synonymous with innovation and excellence in the world of Corvettes. His journey began almost 40 years ago when he first delved into the demographics of potential buyers for the ZR1 model. Fast forward to 2025, and the latest Chevrolet Corvette ZR1 stands as a testament to his dedication and passion
The ongoing Summer Olympics in Paris have garnered significant attention from millions of viewers in the U.S., with a key highlight being the involvement of popular hip-hop artist, Snoop Dogg. The total audience delivery averaged 34 million viewers over the first five days, marking a 79% increase compared to the 2021 Tokyo Olympics. Executives at
Morgan Stanley, a major player in the world of wealth management, has taken a bold step forward by allowing its financial advisors to offer bitcoin ETFs to eligible clients. This move sets them apart from other Wall Street banks and demonstrates a growing acceptance of bitcoin in mainstream finance. The firm’s decision to permit its
In a recent late-stage trial, Eli Lilly’s weight loss drug Zepbound has shown promising benefits in patients with a common type of heart failure and obesity. The findings of the trial have sparked interest in the potential health benefits of Zepbound and other popular GLP-1 drugs beyond weight loss and blood sugar regulation. The study
Boeing’s decision to appoint Robert “Kelly” Ortberg as CEO comes at a critical time for the company. Ortberg, a seasoned aerospace veteran with a background in mechanical engineering, will be stepping into a challenging role. He will be tasked with addressing persistent losses, navigating heightened regulator scrutiny, rebuilding trust with airline customers, and managing tense