Business

The automotive industry in the United States is facing a myriad of challenges that have culminated in a bleak sales forecast for the third quarter of 2023. High interest rates, political uncertainties, and rising vehicle prices are expected to hinder sales, leading to projections of around 3.9 million vehicles sold, representing a roughly 2% decline
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The U.S. Department of Justice (DOJ) recently ignited a significant legal confrontation by suing Visa, one of the largest payment processing networks in the world. This lawsuit comes amid ongoing scrutiny of major corporations and their potential monopolistic behaviors, particularly within the finance sector. The crux of the DOJ’s argument revolves around allegations that Visa
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In the ever-competitive landscape of co-branded credit card partnerships, American Airlines is reportedly in negotiations to appoint Citigroup as its sole credit card partner. As the airline considers forsaking its longstanding association with Barclays, which has been in place since the merger with US Airways in 2013, they are exploring ways to maximize their loyalty
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The rising cost of insulin in the United States has captured the attention of policymakers and patients alike. Recently, the Federal Trade Commission (FTC) filed a lawsuit against three of the country’s largest Pharmacy Benefit Managers (PBMs)—Optum Rx, Caremark, and Express Scripts—accusing them of tactics that inflate costs for patients while boosting their own profits.
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Darden Restaurants, a notable player in the dining sector, encountered mixed fortunes in its latest financial reporting. In a recent press release, the company revealed earnings for the quarter ending August 25 fell short of analyst expectations, demonstrating a slight decline in sales across key brands, particularly Olive Garden and its fine-dining counterparts. This underperformance
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