Mom & Pop Retailers Thrive in Rural Areas, While Folding Elsewhere
At Traverse Bay Farms near the shore of Lake Michigan, where visitors can try the region’s famous tart cherries in treats from juice to salsa, the pandemic cherry-picked a new type of customer. More remote workers moved to rural Michigan, where Andy LaPointe runs his...
Trump’s Victory is Changing Home Buyers’ Plans
After getting married at the start of 2024, California based medical device engineer Priyo Murugesh and his wife were looking into buying a home for about 8 months. The couple recently saved enough for a down payment, and they were getting ready for pre-approval and...
Eli Lilly believes its drugs could treat ailments beyond obesity. Accessibility challenges and a Trump admin stand in the way
As pharmaceutical giant Eli Lilly evolves its popular obesity and diabetes drug, the company has discovered positive side effects that could develop into spin-off medications. Users of GLP-1 drugs, which regulate blood sugar, appetite and digestion, have reported...
Snap Struggles To Grow In Its Most Important Market
Snap’s user growth in North America – its most important market – fell troublingly flat in the third quarter. That cohort of daily active Snapchat users has been stubbornly stuck at 100 million since 2022. The stagnation Snap reported for the region this quarter...
EA Gets A Boost From American Football Franchises
Electronic Arts raised its guidance for fiscal year 2025, thanks in part to the strong performance of EA Sports College Football 25 and Madden NFL 25. Sales for the quarter totaled $2.08 billion, up 14% from the year-earlier quarter and above what the company...
Leggings Built Lululemon. Will They Bring It Down?
Lucy Faust was a typical Lululemon Athletica Inc. customer. Introduced to the brand as a teenager, she bought activewear from the company for several years. “They were the first big brand to sort of do athleisure and prioritize a comfortable fabric,” Faust said. But...
SiriusXM says weaker ad revenue is to blame for bleaker outlook
SiriusXM said it expected slower growth in ad revenue as it dimmed its forecast for the year. Weaker demand from traditional subscribers drove subscriber revenue down more than 3% from a year earlier in the third quarter. The lower-than-expected numbers led...
Progressive gains record number of policies, doubles profits in third quarter
Progressive said third quarter profits more than doubled year-over-year as the insurer reported record policy growth. Progressive added more than 1.6 million total active policies, a 14% year-over-year jump and the most it's ever added in a quarter. Net income more...
Ulta earnings outlook remains cool amid increased competition, industry normalization.
Investors expect continued profit slowdown in Ulta Beauty’s upcoming earnings report in line with wider beauty industry troubles this year. Analysts surveyed by Bloomberg forecast an average third quarter profit of around $212.4 million against a $2.4 billion revenue,...
Robinhood releases new features to attract sophisticated investors and increase market share
Robinhood made retail trading easy and accessible for new investors. Now that those investors are more sophisticated it is racing to give them the advanced features they want so they don’t abandon the trading platform for a competitor. Though shares of Robinhood have...