A week after Starbucks Corp. reported disappointing quarterly earnings and a gloomy annual forecast, its former chief executive said the coffee chain needs to own up to its mistakes and work harder to deliver a better experience for its customers.

Qantas said it has agreed to pay a civil penalty of 100 million Australian dollars (US$66.1 million) to resolve court proceedings with a regulator which alleged the airline had advertised tickets for more than 8,000 flights it had already canceled.

In a filing last week with U.S. Bankruptcy Court in the District of Delaware, Rue21 said it will close all of its stores over the next two months and hold “going out of business” sales. It will also sell its intellectual property.

Paramount Global has formally begun negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management, the New York Times reported Sunday, after a 30-day exclusive negotiating window with Skydance expired Friday.

As the Fed keeps its key interest rate at a 23-year high, consumers are becoming increasingly stressed, which, if continued, could spell trouble for the U.S. stocks.

One month through this year’s second quarter earnings season, analysts are getting cautiously more optimistic about corporate America’s profitability.