Business
Wingstop is seeing ‘meaningful deflation’ in chicken wings, CEO says
Chicken wings prices have come down in price since soaring last year, Wingstop chief executive Michael Skipworth told CNBC’s Jim Cramer on Wednesday. “Other brands are … going to have to look at pricing in order to manage their margins, and Wingstop is in a very different position in that we’ve seen meaningful deflation in […]
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Cramer’s lightning round: Vertex Energy is going higher
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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CDC now investigating 180 cases of kids with acute hepatitis of unknown cause
The Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters The Centers for Disease Control and Prevention is now investigating 180 cases of children who suddenly developed severe hepatitis across 36 states and territories, an increase of 71 cases since the public health agency’s last update earlier this month. […]
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Jim Cramer says investors should eye these two lithium stocks
CNBC’s Jim Cramer on Wednesday offered investors two lithium stocks he believes should be on their shopping lists. “Lithium is everywhere, people – it just takes at least eighteen months to get production going, and that’s about how long it’s been since prices started soaring. We’ve already got these smaller players getting ready to come […]
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Fed’s Powell must ‘slay these seven dragons’ for market to recover, Cramer says
CNBC’s Jim Cramer on Wednesday went through a list of economic problems that Federal Reserve Chair Jay Powell needs to address to tamp down inflation and in turn help the stock market rebound. “Right now, Powell’s losing on too many fronts, which means he has to get more aggressive about raising interest rates to cool […]
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Climate change has made India’s heatwave 100 times more likely, says U.K. weather service
A farmer pours water on himself while working at a wheat farm in the Ludhiana district of Punjab, India, on Sunday, May 1, 2022. T. Narayan | Bloomberg | Getty Images The blistering heatwave in northwest India and Pakistan was made over 100 times more likely because of human-caused climate change, according to a new study published […]
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Kohl’s says two top executives are leaving, as company seeks buyer
Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s said Wednesday that it is losing two of its top executives, as the retailer searches for a potential buyer amid pressure from activists to sell the business. Doug Howe, Kohl’s chief merchandising officer, is […]
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Bath & Body Works shares fall as retailer cuts profit outlook due to inflation
Sale signs inside the Bath and Body Works store in Edmonton. On Thursday, January 6, 2022, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Bath & Body Works shares fell in after-hours trading Wednesday after the retailer cut its profit outlook for the year, in part due to expected increases in inflationary […]
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Cisco stock plunges 17% as company forecasts surprising revenue decline
Cisco shares plunged by as much as 17% in extended trading on Wednesday after the networking company said it generated lower quarterly revenue than analysts predicted and called for an unexpected sales decline in the current period. Here’s how the company did: Earnings: 87 cents per share, adjusted, vs. 86 cents per share as expected […]
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U.S. faces unnecessary Covid deaths if Congress fails to pass funding bill, top health official warns
Top U.S. health officials on Wednesday reiterated their calls for Congress to pass funding for the nation’s fight against Covid-19, warning that failure to act now would result in an unnecessary loss of life in the fall and winter. Their warning comes as new infections and hospitalizations are on the rise as the more transmissible […]
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