Justin Sullivan | Getty Images News | Getty ImagesKrispy Kreme stock plunged 24% on Thursday after the doughnut chain said it is "reassessing" its rollout with McDonald's and pulled its full-year outlook in part due to economic "softness."Krispy Kreme is not planning to launch its doughnuts in any additional McDonald's...
Category: News
Trump signs order to boost domestic drug manufacturing as pharma tariffs loom
U.S. President Donald Trump speaks before signing executive orders in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025.Leah Millis | ReutersPresident Donald Trump on Monday signed an executive order to incentivize prescription drug manufacturing in the U.S., streamlining the path for pharmaceutical companies to...
Trump’s China tariffs are raising costs for wedding dresses and threatening the small shops that sell them
Denise Buzy-Pucheu, founder and owner of The Persnickety Bride, said steep tariffs on imports from China are hurting U.S. businesses, including bridal shops and wedding dress designers. Some of the brands she carries have added a tariff surcharge.Courtesy of The Persnickety Bride; Photograph by Stella Blue PhotographyDays after President Donald...
Starbucks stock falls as sales disappoint, turnaround pressures earnings
Starbucks on Tuesday reported weaker-than-expected earnings and another quarter of same-store sales declines, but the coffee giant said its turnaround strategy is showing early signs of success."Our financial results don't yet reflect our progress, but we have real momentum with our 'Back to Starbucks' plan," CEO Brian Niccol said in a video posted...
Buy now, stock up or delay: Here’s what consumers are snapping up or putting off in face of tariffs
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas.Brandon Bell | Getty ImagesAt car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have also replaced iPhones...