Your Pulse On America: Live And Unfiltered
Even value meals aren’t enough to get anxious consumers to spend. Despite efforts to entice customers to its restaurants, McDonald’s saw its sales slip in the first three months of the year. Global same-store sales dipped 1 percent for the quarter ending March 30, driven by a 3.6 percent decline in the United States, McDonald’s…
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is seeing progress on its turnaround strategy, its chief executive, Brian Niccol, told investors and Wall Street analysts on a quarterly earnings call on Tuesday. “We’re not just building back our business,” he said. “We’re building back…
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come as President Trump’s tariffs are prompting some UPS customers to ship fewer goods. The company said “macroeconomic uncertainty” prevented it from updating its forecasts for revenue and profits…
Goldman Sachs on Monday revealed its latest financial results and outlook for the future, and in a deft feat of linguistics, its executives managed not to utter the word “tariff” once. Instead, in an hourlong call with analysts, David M. Solomon, the bank’s chief executive, unfurled a bouquet of euphemisms, saying that there had been…
Wall Street’s biggest firms on Friday attempted the tricky two-step of revealing the toll of President Trump’s whiplash tariff policy without outright criticizing a man who has repeatedly tangled with the financial industry for slights both real and imagined. “Obviously,” Jamie Dimon, JPMorgan Chase’s chief executive said in a conference call with reporters, “the China…
Tesla’s sales in the United States fell almost 9 percent in the first three months of the year even as the overall market for electric vehicles grew, according to data compiled by a research firm. Car buyers are moving away from Teslas and toward models like General Motors’ Chevrolet Equinox electric vehicle, which starts at…
If there is anyplace Tesla should be thriving, it’s Norway. Electric vehicles account for more than 90 percent of new car sales in the Scandinavian country, and buyers here are among the most sophisticated in the world when it comes to understanding the nuances of batteries, charging and range. So it hardly bodes well for…
The auto industry witnessed a different kind of March madness last month as buyers flocked to dealerships to lock in deals before President Trump’s auto tariffs lift prices by thousands of dollars, several carmakers said. “This past weekend was by far the best weekend I’ve seen in a very long time,” Randy Parker, the chief…
Murray Auchincloss, the chief executive of the struggling energy giant BP, promised “a fundamental reset” of the company’s strategy on Tuesday while reporting disappointing earnings. The shift comes after a long period of lackluster share performance compared with its industry peers. BP’s share price has perked up in recent months, but its perceived weakness and…
In 2020, Uber was at a crossroads: The company had made an expensive bet on robot taxis, but the project was laden with legal problems and burning through cash. So Uber gave it away to another start-up. But five years later, Uber’s future seems as tied to autonomous vehicles as ever. The company is now…