A pedestrian walks past the American chain of fast-food restaurants Taco Bell in Spain. Xavi Lopez | Lightrocket | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong same-store sales growth at Taco Bell. Overall, the restaurant giant saw solid U.S. demand as high-income consumers traded down to […]
Tag: Starbucks Corp
Traders on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Rally faces tests this week The January rally has hung in there, weathering a mixed bag of earnings reports and forecast cuts, as well as some soft economic data. This […]
A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. Over the […]
Struggling to find workers and eager to relieve staff from boring, repetitive tasks, fast-food restaurant chains are adding robots to their kitchens. Using artificial intelligence, computer vision technology and a mechanical arm, Miso Robotics’ Flippy 2 has been deployed to Chipotle, White Castle and Wing Zone. White Castle said it plans to add 100 Flippy […]
The passenger cabin on a Delta Boeing 737-900ER is shown while landing in Salt Lake City, Utah. Mike Blake | Reuters Delta Air Lines will offer travelers free Wi-Fi starting Feb. 1, after years of studying the possibility. Most U.S. flights will introduce the service next month, but it will become available on more each […]
China’s latest move to roll back its zero-Covid policy by scrapping quarantine restrictions for international travelers is the last leg of recovery we’ve been waiting for to help bolster Club holdings that have been weighed down by 3 years of stringent pandemic rules. Club names with significant China exposure were trading higher on the news […]
A White Castle team member next to Miso Robotics’ Flippy. Courtesy: Miso Robotics Chipotle Mexican Grill is testing whether a robot can make tortilla chips in stores. Sweetgreen plans to automate salad making in at least two locations. And Starbucks wants its coffee-making equipment to lessen the workload for baristas. This year brought a flurry […]
CNBC’s Jim Cramer on Friday offered investors a list of seven stocks he believes could be great additions to investors’ portfolios. The consumer discretionary sector is down about 37% for the year. Companies in this sector tend to suffer during times of economic downturn, since consumers prioritize paying for necessities such as rent or food […]
Check out the companies making headlines before the bell: Rite Aid (RAD) – Rite Aid jumped 8.4% in the premarket after reporting a smaller-than-expected loss and revenue that beat Wall Street forecasts, helped by accelerated sales growth at its retail operations. However, the drugstore operator lowered its full-year guidance due to various issues, including seasonal […]
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Santa Claus rally may be here early ‘Buy things that nobody wants’ We still like Starbucks Alphabet’s smart play for NFL package 1. Santa Claus rally may be here early […]