Planet Fitness shares surge as company raises revenue outlook
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images Planet Fitness shares surged double digits after beating expectations on both lines for the third quarter and raising its outlook for the year. Here’s how the […]
Wonder Group food delivery startup gets $100 million Nestle investment
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It’s also developed high-tech kitchen equipment to speed up and simplify cooking. Wonder Group Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment […]
D.R. Horton sees favorable housing demand despite headwinds
D.R. Horton Inc.’s stock moved into positive territory on Tuesday after the home builder’s fiscal fourth-quarter results beat Wall Street analyst estimates for profit and revenue. “Despite continued higher mortgage rates and inflationary pressures, our net sales orders increased 39% from the prior year quarter, as the supply of both new and existing homes at […]
Fenway chairman confirms PGA Tour talks
Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization’s framework agreement with Saudi-backed LIV Golf faces new doubts. “We confirm that we’ve had conversations,” Werner told CNBC’s Scott Wapner during “Halftime Report.” He declined to comment further. Werner, who spoke alongside […]
IMF boosts China economic growth forecast
The International Monetary Fund on Tuesday upgraded its view of China’s economy, citing a better-than-forecast performance as well as moves to bolster its ailing property market. The IMF lifted its view on China’s growth for this as well as for next year by 0.4 percentage points, taking its GDP view for 2023 to 5.4% growth […]
New Ram pickup EV has gas-powered electric generator
2025 Ram 1500 Ramcharger Tungsten Ram DETROIT — Automaker Stellantis plans to produce an industry-first electric pickup truck called the Ram 1500 Ramcharger that’s equipped with an electric generator and a gas engine. If that sounds like an oxymoron, here’s how it works: The truck can operate as a zero-emissions EV until its battery dies […]
Australia’s central bank delivers rate hike as inflation proves more persistent
SYDNEY — The Reserve Bank of Australia delivered a further interest-rate increase Tuesday, warning that inflation pressures have proved to be more persistent than expected over recent months. The official cash rate was raised to 4.35% from 4.10%, marking the first hike since July. “Inflation in Australia has passed its peak but is still too […]
Weight loss drug frenzy hits consumer giants in earnings season
A worker organizes cans of PepsiCo Inc. soda on a shelf inside a grocery store in Phoenix, Arizona, U.S., on Thursday, July 6, 2017. PepsiCo Inc. is scheduled to release earnings figures on July 11. Photographer: Caitlin O’Hara/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images If you listen to third-quarter corporate earnings calls, […]
SAG-AFTRA rejects Hollywood studios’ ‘last, best and final’ offer
NEW YORK, NEW YORK – OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors’ union and Hollywood studios and streamers failed to reach an agreement. (Photo by John […]
AMC bonds attracting bullish activity
AMC Entertainment Holdings Inc. bonds have been seeing bullish activity recently, according to information from the market-data company BondCliQ. “The [AMC] bonds haven’t been quiet,” BondCliQ relationship manager John Brown-Christenson told MarketWatch. “In the last 10 [business] days, there has been better selling on the short end, the 2026 bond, and more buying on the […]
