Business
Restaurant Brands International earnings top estimates, fueled by stronger Tim Hortons, Burger King sales
A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Burger King parent company Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled by same-store sales growth at all three of its chains that […]
Read More
UAE hospital group Burjeel posts record full-year revenues ahead of a potential IPO
Talk of a potential listing for Burjeel Holdings comes as the Emirates benefits from a Middle East IPO boom, with Abu Dhabi and Dubai taking several government entities public this year. Bloomberg | Bloomberg | Getty Images DUBAI, United Arab Emirates — Indian billionaire Shamsheer Vayalil is accelerating plans to take Burjeel Holdings public after […]
Read More
Morgan Stanley downgrades Levi Strauss as macro headwinds pressure earnings
The outlook is murky for Levi Strauss going forward, according to Morgan Stanley. “Macro uncertainty + elevated apparel inventory could limit positive EPS revisions,” wrote analyst Kimberly Greenberger in a note to clients Thursday. “So while our constructive thesis & estimates are unchanged, we downgrade to EW.” The downgrade makes Morgan Stanley the only Wall […]
Read More
Adidas boss says LIV Golf a ‘normal evolution,’ wants to focus on player partnerships
Phil Mickelson of the U.S. during the inaugural LIV Golf Invitational at the Centurion Club, Hemel Hempstead, St Albans, Britain, June 8, 2022 Paul Childs | Action Images via Reuters Adidas CEO Kasper Rorsted believes the controversial Saudi Arabia-backed LIV Golf series is part of a “normal evolution” of the sport and said the German […]
Read More
Charts suggest now is the perfect time to buy gold, Jim Cramer says
CNBC’s Jim Cramer on Wednesday told investors that gold is poised to rally, making now an optimal time for investors to pounce. “The charts, as interpreted by the legendary Larry Williams, suggest that the general public’s giving up on gold en masse and he thinks that that makes it the perfect entry time to do […]
Read More
Cramer’s lightning round: Canoo is not a buy
MannKind Corp: “No one ever likes me to say anything bad about Mannkind. … What happens if it’s not a good company? Does that matter at all? To me it does, therefore I say, sell, sell, sell.” Canoo Inc: “They just lose money. We’re done with those stocks that just lose money.” Trade Desk Inc: […]
Read More
China, Cairo, Italy: The top ‘travel-inspired’ baby names in the U.S. and the UK
Baby Emma, David or Elizabeth? Not for American parents Caitlin and Luke McNeal. Rather than naming their children after grandparents, biblical figures or the British monarchy, the couple chose the names of places that hold meaningful travel memories for them. “Kinsale was when we lived in Ireland, and we vacationed in Kinsale and fell in […]
Read More
Jim Cramer says Congress’s spending bills could worsen inflation, but he’s remaining bullish
CNBC’s Jim Cramer on Wednesday said that Congress’s two behemoth spending bills have him worried about inflation’s trajectory. “I’m still a bull — I’ve felt bullish since June when I saw commodities were going in the right direction. And I’d be very confident about wage inflation, too, if not for Congress,” the “Mad Money” host […]
Read More
Fisker stays on track to start production of its electric Ocean SUV this year, cites 56,000 reservations
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images California-based EV startup Fisker said Wednesday it now has more than 56,000 […]
Read More
Embryos can count as dependents on Georgia state tax returns: For many families ‘there is no benefit at all,’ says analyst
Anti-abortion activists demonstrate outside the Supreme Court of the United States in Washington, June 13, 2022. Evelyn Hockstein | Reuters Residents of Georgia may now claim embryos as dependents on their state income tax returns. Any “unborn child with a detectable human heartbeat” may qualify for a $3,000 state income tax deduction for 2022, effective […]
Read More