Restaurant winners and losers include McDonald’s, Chili’s, Taco Bell
A “location closed” sign hangs in the window of a closed Red Lobster restaurant in Torrance, California on May 14, 2024. Patrick T. Fallon | AFP | Getty Images A rocky year for restaurants separated the industry’s biggest chains into winners and losers, as eateries competed for a smaller pool of customers who have grown […]
Over $100 trillion in wealth set to be inherited
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than $100 trillion in household wealth is expected to be passed down as part of the Great Wealth Transfer, the […]
Oil prices head for first weekly gain in three on sanctions worries
Oil prices were rising early on Friday at the close of a week where concerns about additional sanctions on key producers helped offset several bearish reports on the supply-demand balance in the market.
Agent Scott Boras says wasn’t just about money
Major League Baseball super agent Scott Boras just negotiated the biggest contract of his life. On Thursday, the New York Mets signed 4-time All-Star Juan Soto to a record-breaking $765 million, 15-year contract. It’s the largest deal in professional sports history. Soto will be the first player in the MLB to earn more than $50 […]
Egg prices soar — beef, too — and deliver inflation shock to grocery shoppers
Food prices post their biggest increase in almost two years, while President-elect Donald Trump, despite his campaign rhetoric, concedes it’d be ‘very hard’ to bring down consumer prices.
Flushing Financial seeks to raise $70 million
Flushing Bank in New York City. Google Earth Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned. The bank’s CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including […]
Costco (COST) earnings Q1 2025 earnings
Costco on Thursday beat Wall Street’s quarterly earnings and sales estimates, as e-commerce sales jumped and shoppers bought jewelry, luggage and furniture. On the membership-based warehouse club’s earnings call, Chief Financial Officer Gary Millerchip said customers have remained selective with purchases. But, he added, they have shown they’re willing to spend, especially as inflation comes […]
Broadcom’s projections show more evidence of the AI boom expanding beyond Nvidia
Broadcom’s stunning projection for its potential opportunity in 2027 is more evidence that the artifical-intelligence boom in semiconductors is expanding beyond Nvidia — but there still is a lot of risk in its forecast.
Warner Bros. announces restructuring into linear, streaming units
President and CEO of Warner Bros. Discovery David Zaslav arrives for the world premiere of “The Flash” at Ovation Hollywood in Hollywood, California, on June 12, 2023. Michael Tran | Afp | Getty Images Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move […]
The Fed’s expected rate cut is giving stock traders cover in a choppy market
Positive seasonal conditions prevail — though small caps have yet to rally.
