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The “Super Bowl flu” could cost US businesses several billion dollars and waste nearly 108 million working hours collectively, according to a new study. An estimated 54 million employed, alcohol-drinking Americans are expected to tune in Sunday to watch the Kansas City Chiefs go for a three-peat against the Philadelphia Eagles — with nearly 23 […]
Costco on Thursday beat Wall Street’s quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture. On the membership-based warehouse club’s earnings call, Chief Financial Officer Gary Millerchip said customers have remained selective with purchases. But, he added, they have shown they’re willing to spend, especially as inflation comes […]
Mercedes-Benz on Friday said it plans to ramp up cost-cutting efforts after its net profit halved in the third quarter amid weak demand in China. The German automaker cut its full-year profit margin twice during the third quarter, down to 4.7% from 12.4% a year before, as European car companies see their sales falter amid […]
An improving economy and a stubborn virus are beginning to weigh on Amazon’s retail business, even as its cloud computing business grew and an investment boosted profits. The company, whose profits, workforce and share price rose two years ago as Covid forced people to stay home, said Thursday its operating income fell to $3.5 billion […]
