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☆ Red Lobster just filed for bankruptcy — but it's not going to disappear
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Read previewRed Lobster has filed for Chapter 11 bankruptcy, the seafood restaurant chain announced in a statement on Sunday. However, Red Lobster added its remaining restaurants will "remain open and operating as usual during the Chapter 11 process." Filing for Chapter 11 bankruptcy allows a company to stay in business while it restructures its assets. The firm said it had received a $100 million debtor-in-possession agreement from its existing lenders, which will now take control of Red Lobster. Advertisement"This restructuring is the best path forward for Red Lobster," Tibus said.

Persons: —, Jonathan Tibus, Tibus, we've Organizations: Service, Business, Thai Union Group

☆ Goldman Sachs just updated its list of top global stocks, recommending a specific trading strategy
▼ + stars: | 2024-04-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs has refreshed its conviction list of top picks in Europe and recommended investors consider a specific trading strategy given uncertainty over how much further markets can rise. However, Goldman Sachs' analysts noted that investors are "questioning how much upside is left." For those looking for stock ideas, here are two of the latest additions to Goldman Sachs' European conviction list: Unibail-Rodamco-Westfield Goldman analyst Jonathan Kownator struck a bullish tone on French commercial real estate giant Unibail-Rodamco-Westfield . Goldman Sachs has a 12-month price target of 107 euros ($115.97) on the stock, giving it potential upside of around 46.8%. "The European football championships in Germany should provide an additional boost with JCD commanding c.35% market share and its presence in Street Furniture in major cities."

Persons: Goldman Sachs, Westfield Goldman, Jonathan Kownator, Kownator, Lisa Yang, JCD, Yang, Goldman, — CNBC's Michael Bloom Organizations: Westfield, UEFA, Paris Olympics, European Locations: Europe, Westfield, France, Spain, Germany, United Kingdom, United States, Paris, China

☆ Here's what might happen after California raises fast-food wages to $20, from higher burger and pizza prices to better wages for retail workers
▼ + stars: | 2024-03-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

AdvertisementBurgers, tacos, and pizzas will get more expensiveDiners should expect to pay more as fast-food restaurants put menu prices up to offset higher wages. But restaurants already paying workers higher wages will feel less of an impact from the new legislation. Jon Tower, an analyst at Citi, said the higher prices could be hard for some diners to accept. However, higher wages at McDonald's, Subway, and Burger King will likely prompt other employers to offer higher pay so they can compete for labor. AdvertisementPeople will have more money to dine outAs fast-food workers' wages increase, they'll actually have more disposable income to spend dining out.

Persons: —, Gavin Newsom, It's, Jack, Sharon Zackfia, William Blair, Andy Barish, Sara Senatore, Chris Kempczinski, they're, Jon Tower, Barish, Zackfia, Burger, Danilo Gargiulo, Bernstein, Matt Clark Organizations: Service, Golden State, Gov, Jefferies, Bank of America, Citi, Bureau of Labor Statistics Locations: California, McDonald's

☆ California's $20 minimum wage for fast-food workers could make burgers and chicken so expensive that people just buy more groceries instead
▼ + stars: | 2024-02-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Some diners could be put off eating out when fast-food prices in California go up in the spring. The state is raising the minimum wage for fast-food workers to $20 an hour, prompting restaurants to hike menu prices. California is putting up the minimum wage for fast-food workers to $20 an hour on April 1 — and it could make restaurant prices so unpalatable that people buy more groceries to cook at home instead. The state's current general minimum wage is $16 an hour, compared to the federal minimum wage of $7.25 . But the new statewide legislation, AB 1228, will only create a $20 minimum wage for fast-food workers.

Persons: Jon Tower, Jack, Darin Harris, Jonathan Knowles, –, Harris, Matt Clark, Clark Organizations: Citi, Bureau of Labor Statistics Locations: California

☆ Religious trips will fuel India’s tourism boom — airlines are gearing up with record aircraft orders
▼ + stars: | 2024-01-26 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

India's tourism sector is set for a boom as more travelers take trips around the country for religious purposes. "Religious tourism is still the biggest segment of tourism in India … the creation of a new religious tourist centre (Ayodhya) with improved connectivity and infrastructure can create a meaningfully large economic impact," Jefferies highlighted. Indian media reported that around half a million people visited the Ram temple on its opening day which was inaugurated by Prime Minister Narendra Modi. The YouTube broadcast of the opening ceremony on Modi's channel alone received more than 11 million views. If it continues develop tourist destination including religious tourism, chances are that more and more people will come to visit India and it will even benefit on the foreign exchange side," said Nilesh Shah, managing director at Kotak Mahindra Asset Management.

Persons: Jefferies, —, Narendra Modi, Nilesh Shah Organizations: YouTube, Mahindra Asset Management Locations: Ayodhya, India, Rome's Vatican, Mecca, Saudi Arabia, Tirupati, Andhra Pradesh, Temple, Jammu, Kashmir

☆ Temple Tourism Set to Soar Under India's Modi
▼ + stars: | 2024-01-22 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

In comparison, about 9 million people visit Vatican City in a year and about 20 million Mecca. Since Modi inaugurated the Hindu pilgrimage site of Kashi Vishwanath Corridor on the banks of the Ganges in 2021 in his constituency of Varanasi, more than 130 million tourists have visited the area, according to government data. With nearly $200 billion in revenue, tourism contributes about 7% of India's economy, which is below most large emerging and developed economies by up to 5 percentage points. The new temple and renovations of many others are likely to greatly boost the electoral prospects of the Hindu nationalist party of Modi, who is widely expected to win a rare third straight term in general elections due by May. Muslims account for about 14% of India's population of 1.42 billion, most of them Hindus.

Persons: Krishna, Narendra Modi, Modi, Lord Ram, Monday's, Modi's, Sandeep Shastri, Krishn Kaushik, Ed Osmond Organizations: Das NEW, Indian, Monday, Jefferies, Analysts, Modi's Bharatiya Janata Party, BJP, Ministry Locations: Das NEW DELHI, Ayodhya, Vatican, Kashi Vishwanath, Varanasi, India's, Uttar Pradesh, New Delhi

☆ The new architecture set to shape the world in 2024
▼ + stars: | 2024-01-10 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Kéré’s Berlin-based firm says the building’s top-heavy appearance was inspired by the palaver tree, which traditionally served as a meeting place. Designed for developer s2e Technologies by US architecture firm Gensler, the four circular residential structures can accommodate a combined 84 households. But it is perhaps Bjarke Ingels, founder of Danish design firm BIG, that has had the greatest impact on the city’s once modest skyline. The first restored sections are set to be ready in time for this summer’s Paris Olympics. Norwegian architecture firm Snøhetta and local practice Blight Rayner — who together beat more than 20 entries in an international competition — say that the design was inspired by the flow of the Brisbane River.

Persons: David Chipperfield, Francis Kéré, Kéré, China Stefano Boeri, Bosco, Stefano Boeri, Mestres Wåge, Nicolai Tangen, NBBJ, Dror, EPIQ, Ecuador Uribe Schwarzkopf, Bjarke, Moshe Safdie, Jean Nouvel, Ma Yansong, Ingels, France Chatillon Architectes, Notre Dame isn’t, Chatillon, Nikken Sekkei, ”, “, Blight Rayner —, Aunty Lilla Watson Organizations: CNN, superlatives, Malaysia’s, Benin National Assembly, Forest, Kunstsilo, Keppel South, Enclave, s2e Technologies, Bjarke Ingels, BIG, UNESCO, Heritage, Notre Dame, Palais, Beaux -, Chatillon Architects, UAE Kerzner, United, “ Michelin, New York Times, Gang, Queensland Performing Arts Centre, Queensland Performing Arts Locations: India, Benin, Porto, Novo, Burkina Faso, Kéré’s Berlin, Nanjing, China, Milan, Italy, Europe, China’s, Kristiansand, Norway, Norwegian, Keppel, Keppel South Central, Singapore, London, Canada, London , Ontario, Quito, Ecuador, Bjarke Ingels Quito, Parque La Carolina, Paris, France, Dubai, UAE, United Arab Emirates, Hotel, Denver, USA, Denver , Colorado, Urban, Brisbane, Australia, Australian

☆ Singapore's 'ice cream uncles' are disappearing. Blame old age and bureaucracy.
▼ + stars: | 2023-12-24 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Most hawkers collect their ice cream and dry ice from wholesale distributors around the country. Lester Ledesma for Business InsiderLiang is one of Singapore's remaining traditional ice cream sellers and part of a bygone era. Buying one from one of Singapore's "ice cream uncles" is almost a right of passage. But Liang, Tan, and many other traditional ice cream sellers in the country find themselves working well into their golden years. In addition to the ice cream cart, the ice cream hawkers often also use big cooler boxes for additional storage.

Persons: hawking, —, Liang, Lester Ledesma, Insider Liang, Kenneth Goh, Chip Guan Heng, Goh, Koh Poh Koon, That's, Koh, Tan Ah Hock, He's, " Tan, Tan, There's, Wang, she's, Chan Yong Leng, Chan, TikTok, Darren Tan, it's Organizations: Service, Business, Insider, Singapore Food Agency, SFA, Social Service Office Locations: Singapore, Orchard

☆ China’s youths throng bargain basements as economy bites: ‘The first floor is too expensive’
▼ + stars: | 2023-12-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Future Publishing | Future Publishing | Getty ImagesMin Li doesn't go to the mall often. The name of the game for Chinese youth in 2024 is trading down. Anything not in the basement floors is considered to be "in heaven," signaling it's out of reach. Citizens shopping for Mid-Autumn Festival gifts at a shopping mall in Yantai, East China's Shandong province, Sept 25, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images"The name of the game for Chinese youth in 2024 is trading down.

Persons: Min Li doesn't, Gucci, Chanel, Louis Vuitton, She's, Shaun Rein, Rein, Jia Miao, Jia, Chung Chi, Miao Organizations: Future Publishing, Getty, Apple, China Market Research Group, Starbucks, China Market Research, Weibo, Citizens, Publishing, New York University Shanghai, MyCOS Research, NYU Shanghai, Hong Kong Polytechnic University, McKinsey, China's, China News Service Locations: Yantai, East China's Shandong province, Weibo, East China's Shandong, Covid, NYU Shanghai China, Shanghai, Guangzhou

☆ 4 tech leaders on where 5G is taking their industries next
▼ + stars: | 2023-12-05 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

But the potential of 5G technology could be enormous and a major boon to businesses, tech leaders told Business Insider. She added that nearly 20 countries around the globe still lacked 4G connectivity but could be brought up to date using 5G. "5G, and specifically private 5G, is acting as a catalyst that is driving customers toward change," he said. "Currently, the site showcases IoT connectivity, edge analytics, and predictive analytics to drive sustainability and energy efficiency on a private 5G network," Sandhu said. Alongside Schneider Electric, NTT has customers including Frankfurt Airport (Europe's largest private 5G network) and the city of Las Vegas (the largest private 5G network in the US) signing up to develop private 5G and edge-computing capabilities.

Persons: Marga Hoek, Hoek, Matt Cranfield, Andy Lindsell, Lindsell, Parm Sandhu, NTT Ltd . Sandhu, Sandhu Organizations: Accenture, Business, Tech, Cranfield, NTT Ltd, NTT Ltd ., 5G, Schneider Electric, NTT, Frankfurt Locations: Marga Hoek Hoek, Lexington , Kentucky, Las Vegas

☆ Retailers hope to draw picky Black Friday shoppers to stores
▼ + stars: | 2023-11-24 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

Originally known for crowds lining up at big-box stores in the U.S., Black Friday has moved online and gone global. In France, Italy, and Spain, most shoppers planned to buy clothing on Black Friday, with electronic goods coming second, according to a PwC survey. On average, shoppers in France expected to spend 295 euros ($322) on Black Friday, the survey found. Most U.S. stores were closed on Thanksgiving but opened to shoppers at 5 a.m. or 6 a.m. on Friday. In post-earnings calls this week, retailers from Kohl's (KSS.N) to Nordstrom (JWN.N) told investors they had invested in jackets, cashmere sweaters and Ugg boots to lure Christmas shoppers after an unseasonably warm October.

Persons: Shannon Stapleton, Jessica Ramirez, Jane Hali, Jeff Gennette, Mari Shor, Bergdorf Goodman, Nordstrom, Oscar de, ” Nordstrom, Pete Nordstrom, Katie Wyle, Katherine Masters, Mimosa Spencer, Helen Reid, James Davey, Josie Kao, Miral Fahmy, Frances Kerry Organizations: Black, REUTERS, Retailers, Associates, National Retail Federation, Insider Intelligence, Barclays, Macy's, The New York Police, Nordstrom, Walmart, Columbia Threadneedle Investments, Westfield, Thomson Locations: Westbury , New York, U.S, Europe, France, Italy, Spain, Amazon, Israel, New York City, Kohl's, Mall, Britain, Westfield, Paris, London

☆ Venice reveals first 2024 dates for charging day-trippers
▼ + stars: | 2023-11-23 | by ( Julia Buckley | ) edition.cnn.com time to read: +6 min

The first set of dates on which the fee will be charged cover April to mid July, 2024. The program will be managed via an online platform which will produce QR code “tickets” confirming payment or exemption. Those visiting the city on business or short-term study are also exempt, but must register for a daily QR code. However, they too must book and receive a QR code for free. Not a magic money treeThe council has identified 29 peak days in the first half of 2024 to charge day-trippers.

Persons: we’ll, Stanley Tucci, you’re, It’ll, Luca Zanon, Riva degli Schiavoni, Where’s, Stefano Mazzola, Luigi Brugnaro, Brugnaro, ” Organizations: CNN, intel, UNESCO, “, Piazzale Roma, Old, city’s Locations: Venice, Mestre, Murano, City

☆ Fewer shoppers in Burberry stores complicates design overhaul
▼ + stars: | 2023-11-17 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

With fewer shoppers heading to Burberry stores, clinching a sale will be key. The label has filled its stores with new styles across a wider price range, including a renewed emphasis on its staple outerwear. At Burberry he has applied colourful dandelion prints to garments and rolled out advertising campaigns with fuzzy ducklings. "We like what Burberry is doing with product and range architecture, however, the timing is not ideal," said analysts at RBC. Burberry Chief Financial Officer Kate Ferry said the company was "absolutely committed to protecting all of the consumer-facing areas".

Persons: Daniel Lee's, Jonathan Akeroyd, Akeroyd, Riccardo Tisci, Lee, Tisci, Marco Gobbetti, Kering, LVMH, Louis Vuitton's womenswear, Nicolas Ghesquiere, Kate Ferry, Mimosa Spencer, Paul Sandle, Kirsten Donovan Organizations: Burberry, Shoppers, JPMorgan, Bond, Bottega, RBC, Gucci, Citi, Thomson Locations: United States, Europe, China, Los Angeles, Dallas, Houston, Omotesando, Tokyo, London

☆ UK retail sales slide again in October in new blow for economy
▼ + stars: | 2023-11-17 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Nov 17 (Reuters) - British retail sales volumes fell unexpectedly in October as stretched consumers stayed at home, official data showed on Friday in a new warning sign for the economy. Retail sales volumes dropped 0.3% month-on-month, following a revised 1.1% decline in September that was worse than first estimated, the Office for National Statistics said. Economists polled by Reuters had forecast that sales volumes would rise by 0.3% on the month in October. Overall the figures fitted with the darkening outlook for Britain's economy, with economic growth stagnant and strong price pressures now fading, albeit slowly. The figures also showed a small downward revision in retail sales for the third quarter.

Persons: Phil Noble, Spencer, James Davey, William James Our Organizations: Shoppers, REUTERS, National Statistics, Reuters, Investors, Bank of England, Retailers, Britain, Tesco, Thomson Locations: Altrincham, Britain

☆ Israel's pavilion at the Dubai Airshow sits empty against backdrop of Gaza war
▼ + stars: | 2023-11-14 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Amid the bustle and footfall of thousands of visitors and exhibitors at the 2023 Dubai Airshow, one pavilion is notably empty: that of Israel. Two years later, and one month into Israel's war against Hamas in the Gaza Strip, the scene is unrecognizable. On the show's first day, the IAI pavilion was surrounded by a red cordon, which was removed by the second day. IAI and Elbit Systems did not reply to an emailed CNBC request for comment. CNBC contacted two representatives of Israeli defense firms that attended the airshow in 2021; they said they did not attend this year's show because they had been drafted into the country's military.

Persons: Abraham, Emiratis, Rafael, SIBAT Organizations: United Arab Emirates, Abraham Accords, United Arab, Hamas, Israel Aerospace Industries, Elbit Systems, Rafael Advanced Defense Systems Ltd, IAI, CNBC, Israel's International Defense Cooperation Directorate, Defense Locations: DUBAI, United Arab, Dubai, Israel, United Arab Emirates, Gulf, Gaza

☆ Burger King drags sales at parent Restaurant Brands as spending softens
▼ + stars: | 2023-11-03 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/2] The Burger King company logo stands on a sign outside a restaurant in Bretigny-sur-Orge, near Paris, France, July 30, 2020. REUTERS/Benoit Tessier Acquire Licensing RightsNov 3 (Reuters) - Restaurant Brands International (QSR.TO) missed market estimates for quarterly sales on Friday as lingering inflation pinched spending at its Burger King chain, eclipsing higher demand for Tim Hortons coffees and Popeyes chicken wings. Shares of the Canada-based company fell 4%, as executives said Burger King would increase advertising and store investments under an ongoing turnaround plan, setting it up for higher costs in the current quarter. Burger King has "made a lot of progress ... but there's still a very long way from where we are to where we want to be. Total revenue at Restaurant Brands rose to $1.84 billion, but missed estimates of $1.87 billion.

Persons: Benoit Tessier, Tim Hortons, Burger, Sante Faustini III, Burger King, Josh Kobza, Footfall, there's, Kobza, Deborah Sophia, Devika Organizations: Burger King, REUTERS, Brands, Reuters, Restaurant Brands, Thomson Locations: Bretigny, Paris, France, Canada, U.S, Burger, Bengaluru

☆ McDonald's beats sales estimates as cheaper menu, new launches drive demand
▼ + stars: | 2023-10-30 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/3] The McDonald's company logo stands on a sign outside a restaurant in Bretigny-sur-Orge, near Paris, France, July 30, 2020. Global comparable sales at McDonald's jumped 8.8% in the quarter ended Sept. 30, while analysts on average expected a 7.36% rise, according to LSEG data. While overall dining traffic fell in all three months of the quarter, McDonald's saw a 7.3% jump in July, data from Placer.ai showed. U.S. comparable sales climbed 8.1% in the quarter, beating estimates of a 7.4% increase, thanks also to higher average spending at stores. Meanwhile, same-store sales in McDonald's international operated markets increased 8.3%, edging past expectations for 8.03% growth.

Persons: Benoit Tessier, McDonald's, Deborah Sophia, Sriraj Organizations: REUTERS, McDonald's, UBS, Thomson Locations: Bretigny, Paris, France, Placer.ai, U.S, Bengaluru

☆ Chipotle quarterly results shine as burrito cravings defy high prices
▼ + stars: | 2023-10-26 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

[1/3] People are served in a Chipotle outlet in Manhattan, New York City, U.S., February 7, 2022. Chipotle said it has not seen any material impact from weight-loss drugs. While consumers taking weight-loss treatments consume fewer calories, "it's important the calories they do consume are coming from clean food. Chipotle forecast fourth-quarter comparable sales growth in the mid- to high-single-digit range, compared with estimates of a 5.38% rise. Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra Eluri and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Brian Niccol, Chipotle, Sante Faustini III, we're, Niccol, Deborah Sophia, Krishna Chandra Eluri Organizations: REUTERS, Thomson Locations: Manhattan , New York City, U.S, California, Bengaluru

☆ Weight-loss drug worries add to US restaurants' weak traffic woes
▼ + stars: | 2023-10-26 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +4 min

Investors' knee-jerk reaction to those comments sent the under-pressure S&P 500 restaurants index (.SPLRCREST) down 1.3% at the time. THE FUNDAMENTALS** On Thursday, Chipotle is expected to report a 4.5% increase in Q3 same-store sales, according to LSEG data, slower both on a year-over-year and a sequential basis. Profit likely rose about 18%. WALL STREET SENTIMENT** The S&P 500 restaurant sub-index (.SPLRCREST) has risen just 0.4% year-to-date, lagging a more than 10% jump in the benchmark S&P 500 (.SPX). Growth in top restaurant stocks has broadly lagged the benchmark S&P 500 indexReporting by Deborah Sophia in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Peter Saleh, Taco Bell, Wells, Chipotle, Deborah Sophia, Savio D'Souza Organizations: REUTERS, KFC, Yum Brands, Walmart, Conagra, Taco, WALL, Thomson Locations: New York, McDonald's, Wells Fargo, Bengaluru

☆ Disneyland, Disney World lift some park ticket prices
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A Spider Bot is pictured on a backpack ahead of the opening of the Avengers Campus area at Disney California Adventure Park in Anaheim, California, U.S., June 1, 2021. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsOct 11 (Reuters) - Walt Disney Co (DIS.N) said on Wednesday it is raising some theme-park ticket prices for its Disneyland resort in California and Walt Disney World in Florida, weeks after the entertainment giant unveiled a hefty spending plan for its parks business. The company has hiked prices at Disneyland by up to 8.9%, with the price per ticket on busy days such as holidays increasing by 8.4% to $194. Yearly pass prices at Walt Disney World in Orlando are rising by up to 10%, with the most expensive Incredi-Pass now selling for $1,449, up $50. Earlier this month, Disney said it will offer discounts on ticket prices for children at its theme parks for a limited period as it looks to spur traffic.

Persons: Mario Anzuoni, Disney, hasn't, Chavi Mehta, Devika Organizations: Disney, REUTERS, Walt Disney Co, Walt Disney, Thomson Locations: Anaheim , California, U.S, California, Florida, Orlando, United States, Bengaluru

☆ Disney to offer discounts on children's tickets at theme parks
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid//File Photo Acquire Licensing RightsOct 4 (Reuters) - Walt Disney (DIS.N) said on Wednesday it will offer discounts on ticket prices for children at its theme parks for a limited period as it looks to boost traffic. Disney CEO Bob Iger said in August during the third-quarter earnings conference call that the California-based company had seen "softer performance" at Walt Disney World, a part of its parks business, in Orlando. Although, Iger described the parks as "a tremendous business" and said Walt Disney World was still performing well above pre-pandemic levels. The company last month said it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years. Walt Disney World will also introduce a package offer on Nov. 14 for families with discounted children's tickets for theme parks and dining plans, which can be used from March 3 through June 30 next year.

Persons: Brendan McDermid, Walt Disney, Bob Iger, Iger, Walt, Akash Sriram, Samrhitha, Shinjini Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Disney, Walt Disney, Thomson Locations: New York, U.S, COVID, California, Orlando, Bengaluru

☆ Donald Trump's favored inflation gauge? Bacon.
▼ + stars: | 2023-09-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Donald Trump pointed to the rising cost of bacon as evidence for inflation. "Bacon is up five times… food is up horribly, worse than energy," he told NBC Sunday. Sliced bacon prices have actually only risen by about 12% since Trump left office. "Bacon is up five times… food is up horribly, worse than energy," he added. AdvertisementAdvertisementPerhaps the Donald Trump Bacon Index will one day join those two in the pantheon of great food-based economic metrics.

Persons: Donald Trump, Bacon, Trump, NBC's, Kristen Welker, Joe Biden's, hasn't, Donald Trump Bacon Organizations: NBC, Service, Sunday, Bureau of Labor Statistics –, Federal, Republican, Bloomberg, London and Locations: Wall, Silicon, Pret, London, London and New York

☆ Venice entry fee will start next year
▼ + stars: | 2023-09-06 | by ( Julia Buckley | ) edition.cnn.com time to read: +6 min

CNN —Venice has finally revealed the details for its entrance fee, making it the first city in the world to charge daytripper visitors. But this isn’t a permanent move yet – the Venice authorities have committed to a 30-day “experiment,” according to mayor Luigi Brugnaro, who shared the news on Twitter/X. Daytrippers over the age of 14 entering the “old city” of Venice – the entirety of the lagoon city – will have to pay. Andrea Merola/Bloomberg/Getty ImagesPreviously, Venturini had announced that the entrance fee – which has been discussed since 2019 – would start in January 2023. Venice may be the first city to introduce a fee, but already one village in Italy has introduced a charge for daytrippers.

Persons: we’ll, Stanley Tucci, CNN —, they’re, Luigi Brugnaro, accesso, –, Simone Venturini, ”, Stefano Mazzola, Michele Zuin, Andrea Merola, Venturini, “ Covid, ” Venturini, it’s Ferragosto, Civita, Bagnoregio, Francesco Bigiotti, Venice’s Organizations: CNN, intel, “, Bloomberg, Getty, RAI, UNESCO Locations: CNN — Venice, Venice, Murano, Veneto, Tourism, Italy, ”

☆ Fact Check-COVID traffic light system not reintroduced in Swindon Tesco
▼ + stars: | 2023-08-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A traffic light system at the entrance to a Tesco supermarket in the English town of Swindon was accidentally switched on for a brief time in August, a spokesperson for the UK’s biggest supermarket group told Reuters, and is not evidence of the company reintroducing social distancing measures, as is being claimed online. We’ve got the old traffic light system back in operation. Perhaps some lockdowns heading our way?” he asks, while stood outside the town’s Extra store (located here: tinyurl.com/y3ek3epd). However, a spokesperson for the supermarket group told Reuters the traffic light system was accidentally switched on for a brief period at the Swindon Tesco Extra in August and that it has not been reintroduced in any of its stores. The traffic light system was briefly and accidentally switched on at the Tesco Extra in Swindon, according to the company, which said the social distancing measure is not being reintroduced in any of its stores.

Persons: We’ve, Read Organizations: Tesco, UK’s, Reuters, Facebook, Swindon Tesco Locations: Swindon, Swindon , Wiltshire

☆ AMC sees 'explosive start' to third quarter on 'Barbenheimer' frenzy
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +2 min

Times Square characters who pose for photos for money walk past an AMC theatre in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File PhotoAug 8 (Reuters) - Movie theater chain AMC Entertainment Holdings (AMC.N) said the current quarter was off to a strong start driven by box-office hits such as "Barbie" and "Oppenheimer", after beating second-quarter revenue estimates on Tuesday. AMC's second-quarter revenue rose 15.6% to $1.35 billion, compared with analysts' estimates of $1.29 billion, according to Refinitiv data. The company reported a profit of 1 cent per share, compared with a loss of 12 cents per share, a year earlier. "AMC's glide path to eventual recovery continued with significant pace in the second quarter of 2023 as our results set new records and represent AMC's strongest second quarter in four full years," Aron said.

Persons: Carlo Allegri, Barbie, Oppenheimer, Adam Aron, AMC's, Aron, Samrhitha, Shounak Dasgupta Organizations: AMC, REUTERS, AMC Entertainment Holdings, Thomson Locations: Manhattan, New York City , New York, U.S, Bengaluru

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