By Nathalie Voit In a blog post shared on its website on May 24, Walmart said it was expanding its drone delivery network to 34 locations by the end of the year. In conjunction with operator DroneUp, the big-box retailer said it was expanding its delivery operations to reach a potential of 4 million U.S. households across [...]
By Nathalie Voit CEO confidence declined sharply in the second quarter as most corporate executives anticipate weakened economic conditions ahead. According to the Conference Board's Measure of CEO Confidence, CEO sentiment fell to a new post-pandemic low of 42, down from 57 in the first quarter. The board noted that any reading below 50 signifies that [...]
By Nathalie Voit Americans are spending over $2,000 more this year than last year to fill up their tanks, new data released May 20 from global investment company Yardeni Research found. According to the new report, the annual rate of U.S. household spending on gasoline shot up to $5,000 a year in May as nationwide average [...]
By Nathalie Voit A 91-page report from the Federal Reserve released on May 23 found perceptions about the state of the national economy began deteriorating in the latter half of 2021, well before rapidly accelerating inflation kicked in this year. According to the Fed’s annual Economic Well-Being of U.S. Households report, just 24% of U.S. adults [...]
By Nathalie Voit One in three U.S. adults believe the coronavirus pandemic is over, new survey results from Gallup released on May 23 found. A significant majority (58%) also say their lives have at least “somewhat” returned to normal. The findings are from an April 25 to May 2 update to Gallup’s COVID-19 tracking poll, which began asking [...]
By Nathalie Voit Average gas prices in the U.S. reached a new record high yet again this week as increased gas demand and the elevated cost of crude oil continue to raise prices at the pump. According to the American Automobile Association (AAA), the national average for a gallon of regular gas hit $4.59 a [...]
By Nathalie Voit Shares of home and body fragrance company Bath & Body Works tumbled to a new 52-week low on May 20 after the retailer downwardly revised its profit expectations for the year ahead. First-quarter earnings for the 13 weeks ending April 30 totaled $154.9 million, or 64 cents a share, compared with $276.6 million, or [...]
By Nathalie Voit Walmart released its financial results for the first quarter on May 17, sending shares of the stock tumbling more than 11% on Tuesday. The discounter reported adjusted earnings per share of $1.30 for the three months ending April 30, 18 cents lower than the Refinitiv consensus estimate. Net income for the quarter dropped to [...]
By Nathalie Voit Uber is rolling out a new electric vehicle option on its platform so environmentally conscious consumers can order zero-emission rides from the company, Uber said in an announcement on May 16. Uber Comfort Electric, the company’s latest “climate” solution, will roll out this week in some California cities, including Los Angeles, San Diego, and [...]
By Nathalie Voit The Biden-Harris administration is introducing new measures to ease the U.S. housing supply crisis, according to remarks from the White House issued on May 16. "This is the most comprehensive of all government efforts" to close the U.S. housing supply shortfall, the administration said on Monday. The impacts are particularly harsh on low- and [...]
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