Cava's stock tumbled 16% following disappointing quarterly sales, reflecting a broader trend of declining performance in the fast-casual dining sector. Executives cite cautious diners and economic uncertainty as key factors affecting sales.
Starbucks reports its sixth consecutive quarter of same-store sales declines, but CEO Brian Niccol insists a turnaround is underway. While earnings fell short, North American cafes show signs of recovery, and China sees promising growth for the first time in over a year.
A leading economist warns that the housing market is deteriorating, with home sales and prices set to slump unless mortgage rates drop soon. Unprecedented challenges are looming for homeowners and the economy.
U.S. cereal sales are in a decades-long decline, but Ferrero Group's acquisition of WK Kellogg may change the game. Experts explore the reasons behind this trend and the potential for revitalization in the cereal market.
Nike's stock jumped 17% after the company declared that the worst of its struggles is behind it, following a better-than-expected fourth-quarter earnings report despite significant challenges.
In a surprising move, Elon Musk has fired Omead Afshar, Tesla's VP for sales and manufacturing, amid a troubling sales decline. Afshar's exit raises questions about Tesla's future as it struggles with its first annual drop in car sales.
New-home sales in the US fell sharply in May, marking the largest drop since 2022. Despite sales incentives, affordability issues persist, pushing sales to a seven-month low.
US retail sales have dropped for the second month in a row, signaling consumer anxiety over tariffs and finances. Could this mark the end of the early-year spending spree? Find out more!
Tesla faces a staggering 49% drop in European sales as competition rises and political controversies swirl around CEO Elon Musk. What does this mean for the future of electric vehicles in Europe?
In a significant move amidst a turbulent automotive market, Volvo Cars announces it will lay off around 3,000 employees, impacting 15% of its office workforce. The decision comes as the company grapples with declining sales and rising material costs, prompting an urgent restructuring plan.
