Shell’s latest quarterly report sent a clear signal to investors: in the oil business, turmoil can be expensive, but it can also be highly profitable. The company said its first-quarter adjusted earnings rose to $6.92 billion, the highest in two years and above analyst expectations, as its trading and refining operations benefited from oil-market swings triggered by the Middle East conflict. Shell’s buybacks were trimmed to $3 billion from $3.5 billion, but the company raised

Shake Shack delivered a mixed earnings report that highlighted both the strength and fragility of the modern restaurant industry. While the fast-casual burger chain posted higher first-quarter revenue and continued attracting customers to its restaurants, the company ultimately swung to a loss as rising costs overwhelmed those gains. The disappointing profit results underscore the increasingly difficult environment facing restaurant operators across the United States. Food in

The Kraft Heinz Company is delivering a stark warning about the state of the American consumer, and the message coming from CEO Steve Cahillane is difficult to ignore. According to Cahillane, millions of consumers are financially exhausted by the end of each month, forcing one of the world’s largest food companies to rethink pricing, promotions, packaging, and long-term strategy. “Consumers are literally running out of money toward the end of the month,” Cahillane said while

Shares of Whirlpool Corporation suffered a dramatic selloff after the appliance maker warned investors that higher prices are on the way and consumer demand for expensive household appliances is weakening faster than expected. The company’s stock plunged as much as 20% following the announcement, wiping out billions in market value and intensifying fears about the health of the American consumer. The steep decline came after Whirlpool slashed its earnings guidance roughly in

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