Olive Garden said it plans to continue raising menu prices — even as top executives admitted sales fell in the latest quarter as inflation-hit customers pulled back. Olive Garden’s same-store sales — or sales at stores open at least a year, a closely watched metric — fell 1.5% in the quarter ended May 26 — … Read more
Florida’s government-backed home insurance company is planning to raise rates by 14% — another blow to more than a million residents of the hurricane-ravaged state that is saddled with some of the highest premiums in the country. Citizens Property Insurance Corp.’s board of governors voted unanimously Wednesday to raise rates for next year — despite … Read more
Disgraced “Pharma Bro” Martin Shkreli claims he and Barron Trump — Donald Trump’s 18-year-old son — are behind a mysterious Trump-branded cryptocurrency that has soared in value this week. Shkreli, who was convicted of securities fraud in 2017 after jacking up the price of a life-saving drug, said he was first approached by an acquaintance … Read more
Amazon started in 1994 selling books. Decades later, this original business is thriving and massively outpacing its digital cousin, e-books. That’s according to a detailed internal document obtained by Business Insider that reveals a wealth of new information and insights about Amazon’s book business and the broader publishing landscape. Reliable data on this industry is … Read more
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Florida-based Darden Restaurants Incorporated. Universal Images Group | Getty Images Darden Restaurants On Thursday it reported mixed quarterly results as Olive Garden’s same-store sales fell for the second quarter in a row. The company has faced a “continually weaker consumer environment” as … Read more