The company said it expects sales of its breakfast items to grow, prompting it to raise its forecast for the rest of the year
The fast-food chain’s new chicken sandwich also boosted sales and helped it to grab a bigger piece of the competitive category
Shares in the fast-food chain were recently down about 2%, as stocks in the broader market slumped but after its earnings were released, the stock had risen more than 5%
U.S. vaccination pace improves, averaging 2.2 million shots per day with an increase in first doses
The country is reporting 2.2 million shots per day over the past week, federal data shows, up slightly from the most recent low reported Saturday, when it dipped below 2 million for the first time since early March
Average daily new case counts are below 40,000 per day this week for the first time since September
Tuesday’s reported totals also included 150,000 Johnson & Johnson shots, the highest one-day total since April 1
The latest seven-day average of J&J shots is 106,000 per day, down from a high point of 425,000 in mid-April
U.S. airlines cancel Tel Aviv flights after violence in Israel worsens
United and Delta said they cancelled their U.S.-Tel Aviv flights scheduled for Wednesday while American’s were cancelled for Thursday as well
The cancellations come amid a violent conflict between Israel and Hamas
Israeli carrier El Al said it would continue to fly between the two countries
Airlines have an average of seven flights a day scheduled to Tel Aviv from the U.S. this month, according to aviation data firm Cirium
Israeli airline El Al said Wednesday that it planned to continue operating flights as scheduled but said that passengers can change their flights without paying a fee or cancel in exchange for a voucher
Shares of secondhand retailers Poshmark, ThredUp tumble as widening losses overshadow sales growth
Shares of secondhand retailers Poshmark and ThredUp tumbled in extended trading Wednesday, as widening losses overshadowed strong sales growth in a hot category — especially among Gen Z
The increasing interest in secondhand retail has whet investors’ appetite to buy into a space that has seen momentum. But the latest losses sparked a sell-off
Both retailers’ CEOs expressed optimism for future sales to rise, as people look to freshen up their closets
CDC OKs Pfizer’s Covid vaccine for use in adolescents, clearing way for shots to begin Thursday
The Centers for Disease Control and Prevention said Wednesday it recommends expanded usage of Pfizer and BioNTech’s Covid-19 vaccine for 12- to 15-year-old kids
The recommendation from CDC Director Dr. Rochelle Walensky comes hours after the Advisory Committee on Immunization Practices issued an endorsement, which was adopted 14-0 with one person recusing themselves
Hertz shares surge by more than 50% after selecting $6 billion turnaround bid
Shares of Hertz skyrocketed by as much as 68% after it selected a $6 billion turnaround bid that provides a rare payout to shareholders
Knighthead Capital Management, Certares Management, among others, won the bid to take over Hertz in its bankruptcy reorganization, which the company hopes to exit by the end of June
The rental car firm was among the largest companies to file for Chapter 11 during the Covid pandemic
Volkswagen plans self-driving electric microbus with Argo AI by 2025
Volkswagen is planning to bring to market by 2025 a version of its upcoming microbus, a retro-styled electric van, with the ability to drive itself in certain circumstances
VW is developing the vehicle with Argo AI, a Pittsburgh-based autonomous vehicle start-up backed by the German automaker and Ford
The ID.Buzz models are expected to feature Level 4 autonomy, which means drivers will not be required to take over the wheel but the vehicles can only operate in specific conditions
Ellen DeGeneres to end daytime talk show after 19 seasons
Ellen DeGeneres’ long-running daytime talk show will come to an end after 19 seasons
In an interview with The Hollywood Reporter, DeGeneres said she had planned to end the show after season 16, but agreed to extend her contract by three years
DeGeneres said the allegations of workplace harassment did not factor into her reasoning for ending the show
Elon Musk says Tesla will stop accepting bitcoin for car purchases, citing environmental concerns
Tesla has “suspended vehicle purchases using Bitcoin,” out of concern over “rapidly increasing use of fossil fuels for Bitcoin mining,” according to a tweet from CEO Elon Musk on Wednesday
Support for cryptocurrency from Tesla contributed to the prices of cryptocurrencies, including bitcoin and dogecoin, skyrocketing in recent months
Colonial Pipeline restarts after hack, but supply chain won’t return to normal for a few days
Colonial Pipeline restarted operations around 5 p.m. ET on Wednesday
The majority of the 5,500 mile pipeline, which supplies around half of the East Coast’s fuel, had been offline since Friday after the company fell victim to a ransomware attack
The shutdown sparked fears of a gasoline shortage, and pushed the national average for a gallon of gas above $3 for the first time since 2014
New York jet fuel gets pricier due to Colonial Pipeline outage
The premium for New York jet fuel is the highest it’s been since February 2020 and almost 40% more than a week ago, according to S&P Global Platts
U.S. jet fuel prices have climbed to the highest in nearly 16 months as demand rebounds from pandemic lows
American Airlines added refueling stops to two flights from Charlotte, North Carolina, and Southwest is flying in extra fuel to some airports affected by the pipeline outage
Otherwise, carriers say their operations haven’t been disrupted
The World could be facing a shortage of sand
The world could be facing a shortage of an underappreciated yet crucial commodity in the years ahead: sand
“We don’t think about it like a strategic resource, and yet it is everywhere in our societies and our economies,” Louise Gallagher of the United Nations Environment Programme told CNBC
However, sand use around the world has tripled in the last twenty years as global industrialization has increased
By K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.
