Restaurant Brands International (QSR) Q3 2023 earnings
Unlike McDonalds — which owns some 84% of its outlets in Russia — companies such as Burger King, Subway and Papa John’s often operate via franchise agreements there. Burger King said it demanded the main operator of its franchises suspend restaurant operations in Russia, but that “they have refused.” Alexander Sayganov | SOPA | Lightrocket […]
Bond ETFs trade higher after Fed statement, Powell’s remarks
Shares of large exchange-traded funds that buy bonds were getting a lift after the Federal Reserve announced on Wednesday that it’s holding its benchmark interest rate steady as it keeps up its battle to bring down elevated inflation. In its policy statement released at 2 p.m. Eastern Time on Wednesday, the Fed said that “tighter […]
Paramount Global PARA earnings Q3 2023
The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California, on March 9, 2023. Patrick T. Fallon | AFP | Getty Images Paramount Global’s stock moved higher in extended trading Thursday after it reported strong revenue and subscription trends in its third-quarter earnings report. The after-hours move came on top of […]
AMC’s debt-to-equity, late payments, could be ‘red flags,’ warns Creditsafe
AMC Entertainment Holdings Inc.’s debt-to-equity and late payments could be financial warning signs, according to credit-monitoring and risk-management company Creditsafe. Citing AMC’s AMC, +4.59% second-quarter earnings report in August, Creditsafe says the movie-theater chain and meme-stock darling has a total shareholder equity of negative-$2.6 billion and a total debt of $4.8 billion. This brings AMC’s debt-to-equity ratio […]
High school kids are vaping less
Elf Bar disposable flavored e-cigarette products are displayed in a convenience store in El Segundo, California, on June 23, 2022. Patrick T. Fallon | Afp | Getty Images E-cigarette usage among U.S. high school students has fallen as the government pursues aggressive action against companies selling illegal vape products that appeal to young people, federal […]
If saving $23,000 in a 401(k) next year isn’t enough, you can double that
When the IRS announces the new amounts you can contribute to retirement plans each year, the number everyone focuses on is the maximum you can put into workplace 401(k) plans, which is $23,000 for 2024. But what if you want to save more than that and still get preferential tax treatment? You have some options. […]
UAW-Stellantis deal includes $18.9 billion in new investments
Randy Harvard (right), an autoworker of 29 years, stands with other United Auto Workers members after the union called a strike Oct. 23, 2023 at Stellantis’ Ram 1500 plant in Sterling Heights, Mich. Michael Wayland / CNBC DETROIT – The United Auto Workers union said Chrysler-parent Stellantis plans to invest $18.9 billion in the U.S. […]
Ex-New York Fed head sees risk of four ‘fatal’ flaws in central bank’s thinking
A former top official for the Federal Reserve is warning about all the ways in which the central bank’s pause on interest-rate hikes could go wrong. Bill Dudley, who led the Federal Reserve Bank of New York between 2009-2018, wrote in a Bloomberg column that he sees “four potentially fatal flaws” in policymakers’ thinking and […]
Amazon to unveil Affirm buy now, pay later for small business
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively. The tech giant confirmed Thursday that its partnership with Affirm is expanding to include Amazon Business, the e-commerce platform that caters to companies. Affirm shares jumped more than 15% […]
Peloton (PTON) earnings Q1 2024
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Peloton on Thursday reported a wider-than-expected quarterly loss, a tepid holiday forecast and “bad news” for paid subscriptions. The connected fitness […]
