McDonald's is gearing up to report its Q3 earnings, with analysts anticipating $3.33 EPS and $7.1 billion in revenue. Despite concerns over consumer spending, the fast-food giant may showcase growth in same-store sales for the second consecutive quarter, thanks to its value-centric strategy and menu revivals.
Spirit Airlines is sounding alarms about its financial health, warning of going-concern doubts just months after emerging from bankruptcy. With weak domestic demand and operational uncertainties, the airline is making drastic cuts, including pilot furloughs, to conserve cash.
The Education Department will restart collecting on defaulted student loans next month, potentially garnishing wages for millions. Advocates warn this may worsen economic struggles for many families.
