The S&P 500 was little changed Wednesday as investors awaited the latest Federal Reserve policy decision. The broad market index and Nasdaq Composite hovered near the flatline, while the Dow Jones Industrial Average added 44 points. Intel rose more than 1% on news that the White House plans to award the semiconductor company $8.5 billion … Read more
A Portillo’s Beef Bus in Kissimmee, Florida. Source: Portillo’s When Chicago-based Portillo’s enters a new market, it sends its “Beef Bus” ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally opens. Recently, the Beef … Read more
A coalition of unions is laying out its case against Starbucks ahead of a proxy fight at its annual meeting in March, arguing the coffee giant has implemented a “flawed human capital management strategy” in response to a yearslong union movement. The Strategic Organizing Center claims the situation has put the company at reputational risk, … Read more
Inflation worries and concerns around the timing of the Federal Reserve’s rate cuts have shaken the market, but attractive stocks are available if you know where to look. Wall Street analysts are ignoring the short-term noise to focus on picking stocks with strong fundamentals and long-term growth potential. Here are three stocks favored by the … Read more
Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses â even at some companies that are turning a profit. Barbie maker … Read more
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Pershing Square’s Bill Ackman is set to offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among Main Street investors. The hedge fund … Read more
CNBC’s Jim Cramer on Wednesday reminded investors that not all market moves are sensible, pointing to recent actions that he believes reflect faulty reasoning. “Each day on this front is a reminder that you can’t just assume all moves on your screen are the products of any intelligence, especially during earnings season when the market’s … Read more
The S&P 500 rose Wednesday and edged closer to the 5,000 level for the first time as investors parsed through another slate of quarterly results. The broad-based index, which first breached the 4,000 level in April 2021, added 0.8%, while the Nasdaq Composite jumped about 1%. The Dow Jones Industrial Average rallied 220 points, or 0.55%. “It’s … Read more
Chipotle CEO Brian Niccol told CNBC’s Jim Cramer that the company plans to double its current number of locations. “We really do believe we can double the restaurant count to 7,000,” Niccol said. “We view it as a conservative number, and we view it as something that’s very feasible in the long term.” Tuesday after … Read more
People visit a Chipotle restaurant in Miami on Feb. 9, 2022. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday posted quarterly earnings and revenue that beat analysts’ expectations as more customers visited its restaurants. Shares of the company rose more than 2% in extended trading. Here’s what the company reported compared with what … Read more
