Industries

Consumer

Costco Profit Tops Wall Street Expectations as Deals Lure Inflation-Weary Consumers

Photo via Ioannis Alexopoulos/ZUMAPRESS/Newscom

The retailer has now seen year-over-year visit growth for six consecutive months through April, according to data analytics firm Placer.AI.

2 min read

Photo via Neros Technologies

Industrials

Potential Pentagon Investments Propel Drone Manufacturers Skyward

The Pentagon has been slow to invest in drones, stifling the sector’s ability to ramp up in the US. Now, it’s playing catch-up.

1 min read
Photo via IMAGO/Zoonar/Marco Brivio/IMAGO/Zoonar/Newscom

Media & Entertainment

Billionaire Fertitta Gambles on Caesar’s in Debt-Laden, $17.6 Billion Deal

Analysts at Jefferies wrote Thursday that the closure of the Tillman deal could “act as a catalyst” for more M&A in the gambling sector.

2 min read
Photo via Michael Cain Jr./Sipa USA/Newscom

Industrials

Space Companies Rocket Upward on SpaceX IPO Hype

2 min read

Media & Entertainment

Large Universal Music Investor Disses Offer from Ackman’s Pershing

Photo via Lev Radin/ZUMAPRESS/Newscom

Bolloré Group, which holds 40% voting rights in Universal Music, has given a thumbs-down to a $65 billion takeover bid.

2 min read

Energy

Oil Prices Slide amid Fresh Hope for US-Iran Peace Deal

Photo via Weston Hancock/ZUMAPRESS/Newscom

Oil prices may eventually reach $200 a barrel unless a supply crisis sparked by the Iran War is resolved, experts warn.

2 min read

Photo via Abaca Press/ANDBZ/Abaca/Sipa USA/Newscom

Autos

Stellantis’s Ambitious Overhaul Overshadowed by Ford’s Burst of Energy

Stellantis’s $69.6 billion revival plan includes nine North American models priced under $40,000 and refreshes of a dozen others.

2 min read
Photo illustration by Connor Lin / The Daily Upside

Inflation & Prices

‘Bucket List’ Vacations Give Way to Budget-Friendlier Trips amid Sky-High Fuel Prices

Surging prices are prompting budget-conscious travelers to second-guess vacation plans while airlines dangle new perks for luxury customers.

4 min read
Photo via Qiu Chen / Xinhua News Agency/Newscom

Consumer

Walmart Rattles Investors with Slowing Sales-Growth Forecast

Walmart earnings are the retail market equivalent of encyclicals from Rome. The company’s latest guidance warns of slowing growth.

2 min read

Healthcare

Eli Lilly Says Next-Gen Weight Loss Drug Shows Results on Par with Bariatric Surgery

Photo via JOHN ANGELILLO/UPI/Newscom

Eli Lilly said on Thursday its retatrutide cleared a late-stage trial, helping patients lose an average 29% of their weight across 80 weeks.

1 min read

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