In a groundbreaking move, Morgan Stanley has announced that it will be allowing its financial advisors to offer bitcoin ETFs to select clients. This bold decision sets the firm apart from other major Wall Street banks and marks a significant milestone in the mainstream adoption of bitcoin in the world of finance. Breaking Down the
Business
Eli Lilly’s weight loss drug Zepbound has shown promising benefits for patients with heart failure and obesity. The late-stage trial data released by the company highlights the positive impact of Zepbound on patients with heart failure with preserved ejection fraction (HFpEF) and obesity. The findings suggest that Zepbound, along with other GLP-1 drugs, may have
The recent lawsuit filed by Washington, D.C., Attorney General Brian Schwalb against StubHub sheds light on the deceptive and unfair pricing practices employed by the popular online ticket exchange platform. The lawsuit alleges that StubHub utilizes misleading advertising tactics to lure consumers with low ticket prices, only to significantly hike up the prices during the
Spirit Airlines, a well-known Florida-based carrier in the budget air travel sector, has recently announced its plans to introduce new packages for its highest-priced tickets. This strategic decision aims to offer passengers a more premium flying experience by including perks that were previously available only as add-ons. The airline is taking this step to boost
McDonald’s executives recently admitted that customers perceive their prices as too high, particularly as lower-income consumers are hesitant to spend due to the effects of inflation. This acknowledgment came during the company’s second-quarter earnings call, where they discussed the need for a thorough evaluation of their pricing strategy to provide better value for customers. Despite
In recent times, the fast-food industry has been facing significant challenges in terms of declining sales and customer traffic. As economic downturns loom large, many restaurant chains have reported sluggish sales in the second quarter of the year, with only a few exceptions like Chipotle. This decline in sales has forced companies such as McDonald’s,
The recent release of Disney and Marvel’s “Deadpool & Wolverine” has exceeded expectations by securing an impressive $38.5 million in Thursday previews. This places the film on track for a domestic debut that is projected to surpass $150 million, potentially setting a new record for the highest opening weekend for an R-rated film. This marks
The highly anticipated release of “Deadpool and Wolverine” this weekend has the box office buzzing with excitement. With a projected opening weekend box office revenue of $160 million to $180 million domestically, the film is already breaking records before it hits the big screen. The latest installment in the Marvel Cinematic Universe, the film is
Chipotle Mexican Grill recently released its quarterly earnings and revenue report, which exceeded analysts’ expectations. Despite concerns about the health of the restaurant industry and a recent stock split, the company reported earnings per share of 34 cents, beating the expected 32 cents. Revenue also outperformed, coming in at $2.97 billion compared to the anticipated
General Motors is expected to reveal its second-quarter results soon, and analysts are predicting positive outcomes for the traditional Detroit automaker. Despite the challenges faced by the automotive industry, GM has managed to maintain stable sales and vehicle prices in the first half of the year, positioning itself as America’s largest carmaker. Analysts have provided