For the first time this year, low-income consumers during the quarter outperformed the high-income cohort at its restaurants, CEO Scott Boatwright said.
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FedEx on Wednesday beat Wall Street expectations on the top and bottom lines for the third quarter of its newly aligned fiscal year.
Ford Motor reported earnings that beat Wall Street’s estimates but slightly missed on revenue.
European car giant Stellantis said Wednesday that it recorded a 4 billion euro ($4.5 billion) cash shortfall in the third quarter.
The Office for Budget Responsibility says higher energy prices will impact everything from prices and living standards to economic growth.