Tyler Troutman on LinkedIn: US notched record air traveler numbers over Memorial Day Weekend (2024)

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🥣Bowlin’: Fast-casual Mediterranean chainCavaserved up a big earnings beat, with sales up 28%. But theChipotlerival’s traffic slipped after bad weather kept customers from stopping in for $16 feta bowls.👊Beef:A formerOpenAIboard member said that CEO Sam Altman was briefly ousted over his "multiple" lies, including failing to tell the board that ChatGPT was launching to the public (apparently they found out on Twitter).📉Discount:Walgreensis slashing prices on 1.5K items, from gummy bears to Squishmallows.Walmart,Target, andAmazonhave also cut prices on thousands of products to lure back inflation-fatigued shoppers.🦴Fetch:Chewyshares had their best day ever after the online pet supplier's Q1 profits tripled to $67M. Chewy’s Autoship feature drove growth as more pet owners scheduled regular treat deliveries.🥒Pickleball:Shares ofDick’s Sporting Goodsjumped 15% after the retailer beat Q1 estimates and raised its annual earnings outlook. Dick’s benefited as more shoppers splurged on new sneaks and athletic fits.

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🛢️ConocoPhillipsyesterdayagreedto buy its significantly smaller rivalMarathon Oil. The deal — valued at more than $17B — would help Conoco keep pace with larger competitors who’ve been on a buying spree. US oil titans have struck recordprofitsin recent years, giving them plenty of cash to scoop up sought-after oil fields owned by smaller players in regions like the Southwest’s Permian Basin and the Gulf of Mexico.https://lnkd.in/gh5mJ2tV

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This WeekTuesday: Case-Shiller US house-price index for March. US Conference Board consumer-confidence index for May. World Hunger Day. Manhattanhenge day one. Earnings expected from Bank of Nova ScotiaWednesday: Fed’s “Beige Book” economic report. Manhattanhenge day two. Scripps National Spelling Bee Finals begin. Earnings expected from Abercrombie & Fitch, Chewy, Advance Auto Parts, Bank of Montreal, Salesforce, C3.ai, Okta, HP, and Dick’s Sporting GoodsThursday: US jobless claims. World MS Day. Earnings expected from Costco, Gap, Nordstrom, Hormel Foods, Best Buy, Kohl’s, Foot Locker, Canopy Growth, Burlington Stores, Dell, Ulta Beauty, NetApp, Birkenstock Holding, Build-A-Bear, and Dollar GeneralFriday: US personal-consumption expenditure index for April, the Fed’s preferred measure of inflation

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🔊Check the back half of 2024 to make sure you're not caught off guard⬇️Don't miss a beat 🥁 in the HR world with Paycor's 2024 calendar! From holidays to important deadlines, this calendar has got you covered. Start the year off right by staying in the know. #HRpros #2024calendar #DontMissADate

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