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
Here are the most important news items that investors need to start their trading day: 1. Reaching for rate cuts Stocks have pulled back from their record highs as doubts grow about how soon the Federal Reserve will start to cut interest rates. After the central bank held rates steady last week, Chair Jerome Powell … 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 on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill is expected to report its fourth-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting: Earnings per share: $9.75 expected Revenue: $2.49 billion expected … Read more
A “Now Hiring” sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images Chipotle Mexican Grill hopes to recruit 19,000 new employees to make its burritos and bowls this spring, the company said Wednesday. The company’s hiring target suggests it’s expecting an even busier … Read more
My top 10 things to watch Monday, Jan. 22 1. This is a big week for the markets. As I wrote in my Sunday column , we will find out what it is that will propel stocks forward — or in reverse — following the S & P 500’s new record high on Friday. A … Read more
Scott Olson | Getty Images News | Getty Images There will be no fooling California fast-food workers come April 1. That’s the day they can honestly believe the minimum wage in the Golden State will jump to $20 an hour from $16, and only in that sector. The pay raise exclusive for that workforce, estimated … Read more
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Forget the battle for chicken sandwich supremacy. The loyalty program wars are coming. Restaurant digital orders surged 124% in the year ended in March, according to market researcher NPD Group. And … Read more
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