Author: Editor

The reconciliation bill passed by the House on May 22 is currently being considered by the Senate and will likely undergo changes before approval by the upper chamber. To what extent the changes will create stumbling blocks before a final bill is produced and voted on is uncertain, with the increased SALT deduction, Medicaid reforms and repeal of certain Inflation Reduction Act credits on the line. While much can change between now and the final version of the bill, the following is a quick overview of some of the provisions:Bonus depreciation. First-year bonus depreciation, currently being phased down 20% per year…

McDonald’s Snack Wrap.Courtesy: McDonald’sMcDonald’s snack wraps will return to U.S. restaurants next month as the fast-food giant looks to boost sales after a sluggish start to the year.McDonald’s introduced snack wraps nearly two decades ago but discontinued the item in 2016 because it slowed its kitchens down too much. Some franchisees kept snack wraps around until 2020, when McDonald’s slashed its menu during the Covid-19 pandemic lockdowns to keep service running as smoothly as possible. Snack wraps disappeared along with salads and parfaits.McDonald’s customers have been clamoring for the return of the snack wraps for years, starting petitions, asking about…

A Peloton bike is displayed at a Dick’s Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty ImagesPeloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many bikes and treadmills collecting dust in people’s homes. The platform, dubbed Repowered, will allow members to post listings for their used Peloton equipment and gear and set a price with help from a generative AI tool, the company said.Sellers have the final say on how much to list the item for, but the AI tool will suggest…

Shares of Dollar General jumped more than 10% on Tuesday after the discounter raised its outlook, saying it drew more middle- and higher-income shoppers amid fears that higher tariffs would hurt consumer spending.The Tennessee-based retailer beat quarterly expectations for revenue and earnings. The company said it now anticipates net sales will grow about 3.7% to 4.7%, compared to its previous expectation of about 3.4% to 4.4%. It expects diluted earnings per share to range from $5.20 to $5.80, compared to its prior outlook of approximately $5.10 to $5.80. Dollar General anticipates same-store sales will increase 1.5% to 2.5%, higher than its previous guidance of about 1.2%…