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☆ We're still in the very early days of debt ceiling showdown, says Cowen's Chris Krueger
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're still in the very early days of debt ceiling showdown, says Cowen's Chris KruegerChris Krueger, Cowen Washington strategist, joins 'Squawk Box' to discuss the showdown over the debt ceiling in Washington.

☆ NHL roundup: Auston Matthews' return boosts Leafs
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +4 min

[1/6] Feb 15, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs right wing William Nylander (88) battles for the puck with Chicago Blackhawks defenseman Caleb Jones (82) in front of Blackhawks goaltender Petr Mrazek (34) during the third period at Scotiabank Arena. Mandatory Credit: Nick Turchiaro-USA TODAY SportsFebruary 16 - Auston Matthews had a goal and an assist in his return after missing five games with a sprained knee, helping the Toronto Maple Leafs earn a 5-2 win over the visiting Chicago Blackhawks on Wednesday night. The Maple Leafs went 2-3-0 while Matthews was out. Conor Timmins added a goal, and the Maple Leafs goalie Ilya Samsonov made 27 saves. Lazar and defenseman Oliver Ekman-Larsson left due to lower-body injuries, and goalie Arturs Silovs stopped 22 shots in his NHL debut.

☆ Nikki Haley is expected to announce her 2024 run for president. Meet her family.
▼ + stars: | 2023-02-13 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Haley's parents, Ajit Singh Randhawa and Raj Kaur Randhawa, are Indian immigrants from Punjab who both worked as teachers and owned a clothing boutique. Nikki Haley hugs her mother, Raj Kaur Randhawa, in 2010. Her father, Ajit Singh Randhawa, stands in the background. Chris Keane/Getty ImagesHaley's mother, Raj, studied law at the University of New Delhi. Born Nimrata Nikki Randhawa, Haley has three siblings: two brothers, Mitti and Charan, and a sister, Simran.

☆ McDonald's is opening 1,900 restaurants in 2023. Here's what it costs to open a McDonald's restaurant
▼ + stars: | 2023-02-07 | by ( Hayley Peterson | Nancy Luna | ) www.businessinsider.com time to read: +5 min

McDonald's franchise fee is $45,000. But McDonald's restaurants posted average domestic sales of $4 million in 2021, according to the chain's franchise disclosure report for 2022. Initial investment costs for running a McDonald's range from $1.4 million and $2.5 million — including the franchise fee. The rent for most new McDonald's restaurants ranges from 10% of total gross sales to $15.75% for new restaurants that have opened since January 1, 2020. But by mid-December 2022, McDonald's had grown to 13,666 US restaurants, according to preliminary store count data obtained from market research firm Datassential.

☆ Here’s how much money you’d have if you invested $1,000 into McDonald's 10 years ago
▼ + stars: | 2023-02-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

For the fiscal fourth quarter, McDonald's reported earnings per share of $2.59 on $5.93 billion in revenue. Here's how much money you'd have as of Feb. 1, 2023 if you had invested $1,000 into the company one, five and 10 years ago. If you had invested $1,000 into McDonald's a year ago, you'd have about $1,066 as of Feb. 1, according to CNBC's calculations. If you had invested $1,000 into McDonald's five years ago, you'd see a slightly higher return on your investment and have about $1,695 as of Feb. 1, according to CNBC's calculations. And if you had given your $1,000 investment into McDonald's a decade to grow, it would be worth about $3,270 as of Feb. 1, according to CNBC's calculations.

☆ Here are JPMorgan's top stock picks heading into February
▼ + stars: | 2023-02-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

JPMorgan added fresh names to its top stock picks for February, including a medical tech company that's rallied sharply to begin the year. For February, JPMorgan added five new names to its Focus List: Cenovus Energy , CMS Energy , Rogers Communications , Stryker and Treace Medical Concepts . The medical tech stock is up 12% year to date. JPMorgan said new additions CMS Energy and Cenovus Energy are uniquely positioned within the industry, according to the note. Amazon's stock fell more than 30% during the past 12 months, but it has rallied to start the year, up more than 24% in 2023.

☆ McDonald's tops profit estimates, warns short-term inflation to persist
▼ + stars: | 2023-01-31 | by ( Hilary Russ | ) www.reuters.com time to read: +3 min

[1/3] McDonald's Crispy Chicken Sandwiches and fries are pictured in New York, U.S. March 30, 2021. REUTERS/Hilary RussJan 31 (Reuters) - McDonald's Corp (MCD.N) on Tuesday beat Wall Street estimates for quarterly profit on higher menu prices, even as it warned short-term inflationary pressures would persist in 2023. McDonald's benefited from higher menu prices, increased restaurant traffic and sales in the UK, Germany and France rose despite fears of a recession in Europe. Visits to some other fast-food chains started to fall last summer as they hiked menu prices, he said. McDonald's U.S. comparable sales rose 10.3% in the quarter ended Dec. 31.

☆ McDonald's sales surge, warns short-term inflation to persist
▼ + stars: | 2023-01-31 | by ( Hilary Russ | ) www.reuters.com time to read: +3 min

[1/2] A huge advertisement for a branch of fast-food giant McDonald's is seen on the outskirts of Berlin, Germany, April 22, 2016. The burger chain's global same-store sales increased 12.6% in the fourth quarter ended Dec. 31, compared with estimates for an 8.6% rise, according to IBES data from Refinitiv. That is compared to a 0.6% decline for fast food overall in the fourth quarter over the previous year. Visits to some other fast-food chains started to fall last summer as they hiked menu prices, he said. McDonald's U.S. comparable sales rose 10.3% in the quarter.

☆ McDonald's hiked prices and started offering adult Happy Meals — and sales are soaring
▼ + stars: | 2023-01-31 | by ( Dominick Reuter | Nancy Luna | ) www.businessinsider.com time to read: +3 min

McDonald's reported double-digit sales growth for 2022, driven by a 5% increase in customer count. The brand attributed the bump to a combination of higher menu prices and unique promotions, like adult Happy Meals. The Chicago-based fast food giant reported a 10.9% increase in same-store sales for 2022, powered by a blockbuster fourth-quarter increase of 12.6%. Like many companies last year, McDonald's raised prices and widened profit margins, but that didn't deter customers. On the call, Kempczinski told investors the chain is seeing some signs of a pullback in consumer spending.

☆ Stocks making the biggest moves premarket: McDonald's, UPS, General Motors and more
▼ + stars: | 2023-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The company reported an adjusted $2.12 per share on $43.11 billion in revenue. United Parcel Service – Shares of UPS rose 1.9% after the company reported earnings that beat analyst expectations. The company reported earnings of $3.86 per share, well below a Refinitiv consensus estimate of $4.06 per share. The company reported $3.63 in adjusted earnings per share on $5.17 billion of revenue. Wall Street analysts were expected $2.93 in earnings per share on $4.58 billion of revenue, according to StreetAccount.

☆ McDonald's profit grows as inflation-weary customers flock to its restaurants
▼ + stars: | 2023-01-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

McDonald's on Tuesday reported that U.S. customers are visiting its restaurants more, helping the fast-food giant top Wall Street's estimates for its fourth-quarter earnings and revenue. Globally, same-store sales climbed 12.6% in the quarter, fueled by strong demand in the U.S. and its largest European markets. In McDonald's home market, higher menu prices and increased demand drove same-store sales growth of 10.3%, topping StreetAccount estimates of 8.1%. Its international developmental licensed markets division saw same-store sales climb 16.5%, driven by Japan and Brazil. Looking to 2023, McDonald's is forecasting that it will open 1,900 new restaurants.

☆ McDonald’s finds inflationary happy place
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Jan 31 (Reuters Breakingviews) - McDonald’s (MCD.N) is having a good time at the bottom of the price food chain. The Chicago-based burger purveyor on Tuesday said that same-store sales rose 12% year-over-year in the last three months of 2022. That has helped restaurants grow, but McDonald’s is particularly benefitting. That’s despite McDonald’s touting the benefit of “strategic menu price increases” this quarter; the company previously said its U.S. prices should be up over 10% for the full year. How long this can continue probably depends on other options staying pricier – but for now, the nugget-maker has found its happy place.

☆ JetBlue pilots approve contract extension that comes with over 21% in raises
▼ + stars: | 2023-01-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

JetBlue Airways pilots have approved a contract extension that comes with 21.5% raises over the next 18 months as the industry reverses slow progress in labor deals during a pilot shortage. That airline's pilots approved a new two-year contract that their union estimated to be worth around $463 million. If the merger isn't approved by regulators, the union will go back into contract negotiations with the airline. A shortage of aviators and high demand from airlines large and small have also limited airlines' ability to grow. United Airlines , American Airlines and Southwest Airlines are still in talks with their pilots' labor unions.

☆ NHL roundup: Martin Necas, Hurricanes tie Sharks late, win in OT
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +6 min

[1/8] Jan 27, 2023; Raleigh, North Carolina, USA; Carolina Hurricanes center Martin Necas (88) celebrates his overtime goal against the San Jose Sharks at PNC Arena. San Jose's Michael Eyssimont scored a go-ahead goal with 8:45 remaining in what was a wild third period. Eyssimont's second goal of the season combined with an assist earlier in the third period had the Sharks on the verge of snapping a three-game losing streak. Kings 4, Panthers 3Adrian Kempe and Viktor Arvidsson scored short-handed goals, leading Los Angeles to a win over Florida in Sunrise, Fla. Devils 3, Stars 2 (OT)Jack Hughes scored his second goal of the game 20 seconds into overtime to give New Jersey a road victory over Dallas.

☆ Here are the companies that have laid off employees this year
▼ + stars: | 2023-01-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Tech firms went on a hiring spree. “Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to employees. The crypto brokerage announced in early January that it’s cutting 950 people – almost one in five employees in its workforce. Departments from human resources to the company’s Amazon (AMZN) Stores will be affected. They’re not in heavy people expansion mode every year,” CEO Andy Jassy said in a memo to employees.

☆ Debt ceiling impact on markets could be worse than 2011, says Cowen's Krueger
▼ + stars: | 2023-01-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDebt ceiling impact on markets could be worse than 2011, says Cowen's KruegerChris Krueger, managing director at Cowen Washington Research Group, joins 'Squawk Box' to discuss the debt limit fight and its impact on markets.

Proptech customers, employees, and investors said they went from delighted to disillusioned. Proptech investors eager to capture these trends pumped $32 billion into the industry in 2021. As markets deteriorated, disillusionment set in among proptech customers, investors, and employees. Some customers say they were disappointed buying homes via proptech startupsReal-estate startups like Divvy Homes and Better launched under the auspices of helping customers afford quality homes. Investors in proptech firms are taking financial hitsYou don't need to ask proptech investors whether they're disappointed in the sector's performance — just look at share prices.

☆ Changes to House rules could bring new investment risks
▼ + stars: | 2023-01-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChanges to House rules could bring new investment risksChris Krueger, Washington Research Group strategist at Cowen and Company, and Sarah Chamberlain, president and CEO of the Republican Main Street Partnership, join 'The Exchange' to discuss how new House rules will could impact investment strategy and risk assessment.

☆ NHL roundup: Connor McDavid hits milestone in Oilers' win
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +7 min

Barzal is on a career-best, five-game goal streak, and he has six goals and two assists during that span. Vancouver goaltender Collin Delia made 30 saves, while Elias Pettersson, Oliver Ekman-Larsson and Ilya Mikheyev each collected two assists. Ty Smith also scored for Pittsburgh, which lost its sixth straight game, just one off matching its longest losing streak of the season. Nicolas Aube-Kubel, Martin Fehervary and Garnet Hathaway also scored, Dylan Strome had three assists, and Darcy Kuemper made 25 saves. Washington has won a franchise-record seven straight road games and is 7-0-2 in its past nine games overall and 12-2-3 in its past 17.

☆ McDonald's to boost restaurant growth, streamline some programs
▼ + stars: | 2023-01-06 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

McDonald's beat sales and profit estimates in its last quarterly earnings results in October, helped by higher menu prices and increased foot traffic from inflation-weary customers looking for value meals. Its global same-store sales increased 9.5% in the third quarter. read moreLike other fast-food chains, McDonald's has hiked menu prices to keep up with surging commodity and labor costs. McDonald's strong sales and profits also mean that it - like several other restaurant chains including Starbucks Corp (SBUX.O) and Chipotle Mexican Grill Inc (CMG.N) - can embark on big expansion plans. It now also plans to streamline technology - including its loyalty programs - and menu development in order to get new products into use globally more quickly.

☆ McDonald’s CEO says layoffs are coming
▼ + stars: | 2023-01-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —McDonald’s is planning to cut some of its corporate staff, CEO Chris Kempczinski said in a memo to employees Friday. In an interview with the Wall Street Journal Friday, Kempczinski said that means company will announce layoffs. McDonald’s had around 200,000 corporate staff and workers at company-owned restaurants at the end of 2021, according to its latest annual report. More than two million people work at McDonald’s franchised locations around the world. Some of America’s largest companies have announced layoffs in recent weeks, including Amazon (AMZN), Salesforce (CRM) and Goldman Sachs (GS).

☆ McDonald's plans reorganization, job cuts as it accelerates restaurant openings
▼ + stars: | 2023-01-06 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

McDonald's is planning job cuts and a reorganization as the company refocuses its priorities to accelerate restaurant expansion, CEO Chris Kempczinski told employees Friday. As part of the reorganization, the company will be deprioritizing and halting certain initiatives, according to a company-wide memo from Kempczinski viewed by CNBC. "Today, we're divided into silos with a center, segments, and markets," Kempczinski wrote. Currently, McDonald's organization is divided into three segments: the U.S., international operated markets and international developmental licensed markets. Additionally, McDonald's said Friday it will speed up its development plans for new restaurants.

☆ McDonald's CEO warns of possible 2023 layoffs as chain leans into fast service, innovation, and operational efficiencies
▼ + stars: | 2023-01-06 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

Despite a strong year, McDonald's CEO said the chain may have layoffs this spring. His 2023 business plan calls for the fast-food giant to move faster and push innovation. "As part of this work, we will evaluate roles and staffing levels in parts of the organization," the CEO said. The executive said he plans to build on the company's Accelerating the Arches growth strategy, first introduced in late 2020. This will help us move faster as an organization, while reducing our global costs and freeing up resources to invest in our growth," Kempczinski said.

☆ One of the world's largest bitcoin miners will shut off thousands of mining rigs tied to bankrupt Celsius as part of the firms' bankruptcy proceedings
▼ + stars: | 2023-01-04 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Core Scientific will shut down thousands of bitcoin mining rigs tied to Celsius. Core Scientific says the mining rigs are costing the firm $2 million in revenue per month, per court filings. Celsius claims that Core Scientific increased its power rate, which wasn't stipulated in the two embattled companies' initial agreement. Core Scientific followed suit and filed for bankruptcy in December, as miners became pinched by a decline in bitcoin prices and higher energy costs. Core Scientific and Celsius did not immediately respond to Insider's request for comment.

☆ Analysis: Chaos in Congress sends an ominous signal to Wall Street
▼ + stars: | 2023-01-04 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Many on Wall Street cheered last fall when the midterm elections ushered in a return of divided government in Washington. But the historic dysfunction playing out in Congress this week is a reminder that you should be careful what you wish for. Buckle up for debt ceiling brinksmanshipBut lawmakers did not agree to tackle the debt ceiling, the borrowing limit that must be raised to avoid a calamitous US debt default. In the past, brinksmanship over the debt ceiling eventually gave way to a compromise, though often not until significant pressure was applied by business leaders, financial markets — or both. Andrew Frankel, co-president of Stuart Frankel, dismissed the House speaker race as a “big, fat nothing-burger” for the market and said it was “just noise.”“It’s all about the Fed,” Frankel said.

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