Burger King $400 million plan to revive US sales with remodeling, advertising

CASCAIS, PORTUGAL – Burger King signs are seen at the local fast food restaurant. Horacio Villalobos Corbis News | Getty Images Burger King on Friday said it plans to spend $400 million over the next two years on advertising and renovating its restaurants as part of a broader strategy to revive lagging US sales. The … Read more

Breakfast sales hold steady as people heading back to offices cut back elsewhere

Consumers may be dining out less, but breakfast sales are holding steady as people return to offices and grab a quick bite or iced coffee on the way to work. Overall traffic to restaurants fell 2% in the second quarter from a year ago as inflation drove menu prices up, according to market research firm … Read more

TikTok creators are calling out businesses on ‘shrinkflation’

Hunter Jarratt was a frequent buyer of Quaker’s apple oats bars — until he realized the size of his favorite snack has decreased in size, even though the packaging looks the same. Hunter Jarratt Hunter Jarratt was a frequent buyer of Quaker’s apple oats bars — until he realized the size of his favorite snack … Read more

Premium products take priority as companies battle cost-of-living

“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri told CNBC’s “Squawk Box” on Aug. 3. Gary Hershorn / Contributor / Getty Images Personalized coffees, “prestige” skincare and “elevated” sauces and spreads … Read more

Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

Stocks rallied Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increase to fight inflation, but hinted that it could slow the pace of its hiking campaign at some point. The Dow Jones Industrial Average jumped 436.05 points, or nearly 1.4%, to 32,197.59. The S&P 500 gained 2.62% to close at … Read more

Bear market rally? Morgan Stanley shares an earnings indicator to watch

Markets have staged a number of rallies recently, but analysts are divided over whether these signal the end of the bear market could be close. It comes at the height of earnings season, with more than 150 S & P 500 names set to report, including Apple, Alphabet, Meta Platforms and McDonald’s. As investors scramble … Read more

AMTD Digital is worth more than 480 of the S&P 500 companies after stock rockets over 3,000% in 7 days

Early investors in AMTD Digital Inc. have basically won the lottery, as the Hong Kong-based digital business developer’s stock has zoomed 3.165% higher over the past seven days. The HKD stock, -28.77% pulled back 16.6% in very volatile midday trading Wednesday — it has already been halted nine times for volatility — putting it on … Read more

5 things to know before the stock market opens Friday, July 29

A screen displays the Fed rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 27, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Taking stock on a summer Friday … Read more

US stocks slip after Walmart profit warning, gloomy IMF economic warning

US stocks edged lower Tuesday, hurt by Walmart Inc. cutting profit guidance ahead of a wave of corporate earnings reports this week, while the International Monetary Fund warned of the potential for a sharp global slowdown. What’s happening The Dow Jones Industrial Average DJIA, -0.33% fell 90 points, or 0.3%, to 31,900. The S&P 500 … Read more

5 things to know before the stock market opens on Tuesday, July 26

Traders work on the floor of the New York Stock Exchange (NYSE), July 25, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures slide US equities markets were set to decline Tuesday morning after Walmart cut its profit outlook Monday (see … Read more