Author: Admin CFO
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Cash-strapped Gen Z adults give dating the cold shoulder
A new survey from Bank of America has found that Gen Z adults, in their teens and 20s, are becoming more frugal about what they spend on dates due to the higher cost of living. More than 50% of respondents spent no money at all on dating, according to a poll of more than 900…
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Starbucks ‘on the right path’, says CEO Niccol
Starbucks chief executive Brian Niccol said Tuesday that the company is “on the right path” to create a better experience for customers. On an earnings call to discuss the company’s third-quarter results, he told analysts that “We’re fixing the operational foundations of the business and building a platform for innovation in 2026,” adding: “While our…
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Boeing union members reject contract
Thousands of Boeing union workers at three St. Louis-area plants who build fighter jets plan to strike after rejecting a contract that would pay an average of more than $100,000 per year. Members of the International Association of Machinists (AIM) and Aerospace Workers at Boeing factories in St. Louis and St. Charles in Missouri and…
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Bezos finalizes Amazon share sale
Jeff Bezos has completed a massive Amazon stock sale, netting $5.7bn since his June wedding in Venice. The sales were part of a prearranged trading plan he adopted earlier in 2025, which allowed him to sell up to 25m Amazon shares. According to a SEC filing, Mr. Bezos sold the final 4.2m shares for approximately…
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Kroger raises lower end of annual sales forecast
Kroger has lifted its full-year sales guidance, even though second-quarter profit and overall sales came in beneath consensus forecasts. Revenues rose 0.2% to $33.91bn, helping it to $466m in earnings. Analysts polled by FactSet had expected sales of $34.09bn and a $538.7m profit. Like-for-likes grew 1.2%, while digital sales rose 17%. The company now expects…