Deira Trading Company

Nissan issues ‘do not drive’ alert for 84,000 older models

A Nissan Sentra sits on the lot of a dealership in Evanston, Illinois, on Nov. 12, 2010. Scott Olson | Getty Images Nissan has warned owners of older vehicles to drop driving cars equipped with recalled, unrepaired Takata airbags the National Highway Traffic Safety Administration announced Wednesday. The NHTSA said the Japanese carmaker’s “Do Not […]

McDonald’s menu items cost 40% more than in 2019 on average, exec says

A sign is posted in front of a McDonald’s restaurant in San Leandro, California, Feb. 6, 2024. Justin Sullivan | Getty Images A top McDonald’s executive is weighing in on claims that the company has jacked up its prices. Joe Erlinger, president of McDonald’s USA, said in an open letter Wednesday that the average price […]

New women’s pro basketball league Unrivaled nets star investors

Napheesa Collier #24 of the Minnesota Lynx shoots a free throw during the game against the New York Liberty on May 25, 2024 at Target Center in Minneapolis, Minnesota.  Jordan Johnson | National Basketball Association | Getty Images A new women’s basketball league has attracted a star-studded roster of investors from the media and sports […]

April pending home sales hit lowest level since start of pandemic

A “sale pending” sign is posted in front of a home for sale in San Anselmo, California, on Nov. 30, 2023. Justin Sullivan | Getty Images News | Getty Images Signed sales contracts on existing homes dropped 7.7% in April compared to March, the slowest pace since April 2020, according to the National Association of […]

Consumers, businesses have turned cautious

U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan. Whether it’s households or small- to medium-sized businesses, Bank of America clients are slowing down the rate of purchases made for everything from hard goods to software, Moynihan […]

Foot Locker (FL) earnings Q1 2024

Foot Locker’s turnaround is starting to bear some fruit.  The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount.  The company also reaffirmed its fiscal year guidance, which projects sales to be between a 1% decline and a 1% gain, […]

Source: CurrencyRate