Key takeaways:
Luckin Coffee’s latest post-scandal financial report shows revenue more than doubled in the first half of the year, as losses narrowed
Reformed company’s shares have rebounded to just below their IPO price, as it moves to business model with new focus on franchising
By Mia Shanley
Stock indexes remain near new record highs as earnings for most companies continue topping estimates.
At the same time, many businesses continue to announce plans for further price increases, with most facing higher cost pressures. It will be interesting to see how or when the U.S. consumer starts to pull back.
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