World and Business

On Tuesday, Chipotle Mexican Grill announced its quarterly results, which did not fully meet expectations, even as the restaurant chain continued to see increased customer traffic. The company’s stock fell 3% in after-hours trading, reflecting negative market reaction to the disappointing figures. According to a survey from LSEG, here are the highlights from Chipotle’s report […]

According to data from Farside Investors, US spot Bitcoin ETFs recorded a staggering net inflow of $870 million on Tuesday—marking the largest single-day influx since June 4. This surge coincided with Bitcoin breaking the $73,000 level, indicating a 7% increase over the past week, as reported by CoinGecko. Among the Bitcoin ETFs, BlackRock’s IBIT continued

After securing a $75 million construction loan, BD Hotels—a prominent New York-based hotel operator—is set to launch its first project outside New York in West Palm Beach, Florida. According to a report from the South Florida Business Journal, the new hotel, called Nora Hotel, will be located in the NORA (North Railroad Avenue) district, a

Ford Motor has adjusted its earnings forecast for 2024 down to the lower end of its previous estimates while slightly surpassing Wall Street’s expectations for the third quarter. The Detroit automaker announced on Monday that it now expects adjusted earnings before interest and taxes (EBIT) of around $10 billion. Previously, Ford had forecast a range

Volkswagen plans to shut down at least three factories in Germany, lay off tens of thousands of employees, and reduce the size of its remaining plants in Europe’s largest economy as part of a deeper-than-expected restructuring plan. This information was revealed by Daniela Cavallo, head of the company’s works council, on Monday. As Europe’s largest

Remember when Apple blamed European Union (EU) tech regulations — specifically the Digital Markets Act (DMA) — to justify why Apple Intelligence wouldn’t be available in the EU? Perhaps that was just Apple’s attempt to turn EU users against their regulators, as Apple recently announced that Apple Intelligence would indeed be coming to the EU

On Sunday, McDonald’s announced that it will be bringing back the Quarter Pounder to the menus of hundreds of its restaurants after tests ruled out beef patties as the source of an E. coli outbreak linked to the popular burgers. This outbreak has tragically resulted in one death and sickened at least 75 others across

Hurricane Helene may have caused damages exceeding $30 billion. Less than two weeks later, Hurricane Milton added nearly $50 billion more in losses. With only five weeks left in the hurricane season, the Small Business Administration’s disaster loan program has run out of funds. Meanwhile, several more tropical storms are forming over the Atlantic. So,