The new restaurant in your neighborhood may look familiar. Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Review site Yelp compiled the list by using a blended metric that includes net new openings, searches on … Read more
A Ruth’s Steak House restaurant on May 03, 2023 in Miami, Florida. Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. Joe Raedle | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner’s same-store sales shrank for … Read more
The Federal Reserve’s rate hiking cycle appears to have reached its end. With this in mind, Barclays named its top stock picks for the rate cuts in sight. “The timing of the eventual cut in interest rates has been one of the key debates for investors since the onset of the Fed’s hiking cycle. However, … 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
An Olive Garden restaurant in Fremont, California, US, on Thursday, Sept. 14, 2023. Darden Restaurants Inc. is scheduled to release earnings figures on September 21. Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains like Olive Garden and LongHorn … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s notable Wall Street action, telling them to pay attention to the Federal Reserve’s policy meeting that kicks off Wednesday. Cramer said Wall Street “dodged a bullet” today when the government released November’s nonfarm payroll report, which showed a lower unemployment rate than expected and strong … Read more
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