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☆ Domino's Pizza CEO on earnings, consumer sentiment and franchisee growth
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's Pizza CEO on earnings, consumer sentiment and franchisee growthCNBC’s Kate Rogers joins 'Power Lunch' with Domino’s CEO Russell Weiner on company earnings and outlook and consumer sentiment.

Persons: Kate Rogers, Russell Weiner

☆ Americans have racked up a trillion dollars in credit card debt. That’s actually okay
▼ + stars: | 2024-02-25 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington, DC CNN —Americans racked up a record amount of credit card debt in 2023, soaring past a trillion dollars. “Consumers still have a lot of money left over to be able to spend, so the credit card data is often misinterpreted,” Russell Price, chief economist at Ameriprise Financial, told CNN. According to a LendingTree analysis of more than 350,000 credit reports, the average unpaid credit card balance was $6,864 in the fourth quarter. Overall, US household debt (including credit card balances) rose to a new high of $17.5 trillion in the fourth quarter, up 1.2% from the prior three-month period. So, while there certainly isn’t a shortage of economic hurdles bedeviling people’s budget — and credit card debt has surged — the big picture indicates that, so far, Americans (and their economy) remain healthy.

Persons: ” Russell Price, Price, haven’t, market’s, ” Gregory Daco, ” Lara Rhame, Laura, Jensen Huang, Christine Lagarde, Virgin, Michael Barr, Raphael Bostic, Susan Collins, John Williams, Papa, Austan Goolsbee, Loretta Mester, fuboTV, Christopher Waller, Mary Daly, Adriana Kugler Organizations: CNN Business, Bell, DC CNN, Workers, New York Fed, Consumers, Ameriprise, CNN, Federal Reserve Bank of New, . New York Fed, Employers, Soaring, FS Investments, Nvidia, Huawei, AMD, Microsoft, Broadcom, US Commerce Department, Central Bank, eBay, Smucker, Urban Outfitters, Global, Board, TJX, Monster Beverage, Baidu, HP, Paramount Global, Anheuser, Busch Inbev, Dell Technologies, Papa John’s, US Labor Department, National Association of Realtors, P, China’s National Bureau, Statistics, Pearson, P Global, Institute for Supply Management, University of Michigan Locations: Washington, Federal Reserve Bank of New York, ., EY, Santa Clara, Singapore, Shenzhen, China, Beijing, CAVA

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Wall Street will try to maintain AI-fueled momentum in the final week of February, as inflation concerns linger
▼ + stars: | 2024-02-23 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

In the final week of February, Wall Street will strive to maintain its AI-fueled rally even as economic concerns linger and the Federal Reserve's favorite inflation measure is on deck. But many worry the writing is on the wall for these market leaders as economic and inflation risks linger. The 'lone cloud' of inflation The Fed's preferred inflation gauge will also be released in the week ahead. Investors are concerned that sticky inflation will mean that the Fed will hold onto its higher-for-longer interest rate policy. Next week will also be the final week of February, with stocks headed for another strong month of gains.

Persons: Goldman Sachs, Patrick McDonough, Europe's, PGIM's McDonough, McDonough, Charlie Ashley, Dhaval Joshi, Joshi, Ashley, John Williams, TJX Cos Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Japan's Nikkei, Catalyst Funds, BCA Research, CPI, PPI, Dow, New, Dallas Fed, Fidelity National Information Services, Richmond Fed, eBay, Enterprise, Cruise Line Holdings, New York Federal Reserve Bank, York, Monster Beverage, Paramount Global, PCE Deflator, Chicago PMI, . Kansas City Fed Manufacturing, Hewlett Packard Enterprise, Autodesk, Body, Hormel, PMI, Manufacturing Locations: U.S, Lowe's, Chicago, . Kansas, Michigan

☆ Cramer's week ahead: Earnings from Salesforce, Snowflake, Domino's
▼ + stars: | 2024-02-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's market action, advising them to pay attention to earnings reports from companies including Salesforce, Snowflake and Domino's. "I don't know if the rosy hue from Nvidia has staying power for next week," Cramer said. On Monday, Domino's Pizza reports earnings, and Cramer said he thinks the chain's earnings will be positive and "the king of pizza" can reclaim its title. He added that he thinks cybersecurity company Zscaler's earnings won't disappoint. And on Friday, Cramer will be watching earnings from RadNet , a radiology company.

Persons: CNBC's Jim Cramer, Cramer, He'll, he's Organizations: Nvidia, Cruise Line, Royal, Federal Locations: Snowflake, Royal Caribbean

☆ A personal trainer lost 13 pounds in a month while eating Domino's pizza daily to prove you can lose weight and enjoy treats
▼ + stars: | 2024-02-20 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

Read previewA personal trainer and college student lost over 13 pounds in a month while eating a Domino’s pizza every day, to prove that it’s possible to enjoy treats and lose fat as long as you’re in a calorie deficit . “Foods shouldn't be feared just because they've undergone some sort of processing,” Jayden Lee, 18, Lee told Business Insider. Typically, weight loss of one to two pounds a month on average is deemed safe. AdvertisementHowever, Lee doesn't recommend people try to follow his daily pizza diet to lose weight, and neither does Ludlam-Raine. “Occasional indulgence in foods like pizza is part of a balanced diet and can help prevent feelings of deprivation,” Ludlam-Raine said.

Persons: —, they've, Jayden Lee, Lee, dietitian Nichola Ludlam, Raine, Jayden Lee Lee, “, ”, ” Lee, Jordan, Lee isn’t, won’t, Lee doesn't, ” Ludlam, Domino's Organizations: Service, Business, USDA Locations: Portsmouth, UK

☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
▼ + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com time to read: +8 min

The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.

Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S

☆ Meet Luar, the designer clothing brand that got Beyoncé to attend New York Fashion Week
▼ + stars: | 2024-02-16 | by ( Amanda Krause | ) www.businessinsider.com time to read: +5 min

Read previewOn Tuesday night, spectators packed into a Bushwick warehouse in Brooklyn, New York, to attend a New York Fashion Week show. A model walks the Luar runway during New York Fashion Week. AdvertisementA model walks the Luar runway during New York Fashion Week. Rihanna has worn Luar dresses, Dua Lipa has carried its famous Ana bag, and, of course, Beyoncé attended the latest Luar runway show. AdvertisementBeyoncé attends the Luar runway show during New York Fashion Week.

Persons: —, Raul Lopez, Nina Westervelt, Luar, Raul, that's, Lopez, he's, Victor Virgile, Ana, Beyoncé, Michael Loccisano Organizations: Service, New, New York City, Business, Hollywood, York, GCV Magazine, W Magazine, FIT, Washington Post, East Coast, British Vogue, New York, Ana tote Locations: Bushwick, Brooklyn , New York, Texas, New York, Brooklyn, Dominican, Dominican Republic, Williamsburg, Domino, Dua Lipa, New

☆ TikTok offers opportunities, and risk, for Biden as his campaign reaches out to young voters
▼ + stars: | 2024-02-14 | by ( Arit John | Camila Dechalus | ) edition.cnn.com time to read: +9 min

A new source for newsFor the Biden campaign, joining the social media site presents the possibility for modest rewards but also high risks. “The campaign is now on TikTok because frankly that’s where people are,” Biden campaign spokesperson Seth Schuster said in a statement to CNN. Those concerns have kept the White House off the app and may have delayed the Biden campaign’s decision to join. “It’s a meaningful signal that the Biden campaign acknowledges the power that young voters will have in November and prioritizes engagement with us,” said Jack Lobel, the national press secretary for Voters of Tomorrow. “This technique would’ve been successful, in my opinion, if he actually listened to young voters,” said.

Persons: CNN —, Biden, Donald Trump, Joe Biden’s, Brandon, Robert Hur’s, ”, Cate Domino, ” Biden, Pew, Seth Schuster, John Kirby, Jeff Jackson of, Sen, John Fetterman, Republican Mehmet Oz, “ It’s, Annie Wu Henry, – Biden, Harris, –, Michael Tyler, Rob Flaherty, Beau, “, ” Tyler, “ Joe Biden, Jack Lobel, ” Young, Kamala Harris, Ariana Afshar, TikTok, Israel, Claire Simon, Biden …, isn’t, Trump, Kasey O’Brien, Henry Organizations: CNN, TikTok, Public, Alliance for Youth, Democratic, Biden, Trump, Pew Research, “, Republicans, ByteDance, National Security, Pennsylvania Democrat, Republican, MAGA Republicans, Super Bowl Locations: Gaza, Jeff Jackson of North Carolina, Pennsylvania, Israel, California, Rafah, “, you’re

☆ Phillippe Laffont's Coatue shifted money in technology amid fourth quarter rally
▼ + stars: | 2024-02-14 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Phillippe Laffont's Coatue made a flurry of changes to his portfolio in the fourth quarter, including shifts within the technology sector in the midst of the fourth quarter's big rally. Nvidia and Meta are only two of many notable cutbacks made by Laffont in the fourth quarter. Beyond Nvidia and Meta, Advanced Micro Devices , Amazon , Microsoft , Netflix and Tesla are the next biggest holdings in the fund. As of the fourth quarter, technology accounts for more than 59% of Coatue, according to InsiderScore. The Nasdaq finished 2023 up more than 43%, helped by a gain of more than 13% in the fourth quarter alone.

Persons: Phillippe Laffont's Coatue, Julian Robertson, Daniel Sundheim's, Laffont, Eli Lilly Organizations: Tiger Management, Nvidia, Meta, Taiwan Semiconductor, MIT, Intuit, Apple, Devices, Microsoft, Netflix, Tesla, Technology, Nasdaq, Ford, Moderna, Paramount Global Locations: Taiwan, Salesforce

☆ NYCB's slide sparks fears of more banking and commercial real estate turmoil
▼ + stars: | 2024-02-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

The regional bank reported disappointing earnings, stoking fears of commercial real estate trouble. AdvertisementA smaller lender is facing a firesale of its stock fueled by concerns about its stability, echoing the regional-banking problems last year that stoked fears of a full-blown financial crisis and commercial real estate meltdown. AdvertisementThe increases hit the value of their fixed-income and commercial real estate portfolios. In particular, commercial real estate is under pressure from ongoing remote working, tighter credit availability as lenders have pulled back, and higher debt costs, all of which have weighed on asset values. Treasury Secretary Janet Yellen told lawmakers this week she expects the commercial real estate pressures to "put a loss of stress" on property owners, although she expected it to be manageable, Bloomberg reported.

Persons: stoking, —, stoked, NYCB, Banks, Moody's, Wall, Thomas Cangemi, pare, Janet Yellen Organizations: Community Bancorp, Service, New York Community Bancorp, Flagstar Bank, Signature Bank, Valley Bank, Silvergate, Bloomberg, Federal

☆ The FBI has arrested a self-touted militia sniper who says he was planning to attack people at the southern border
▼ + stars: | 2024-02-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

The FBI says Faye admitted to wanting to launch an attack on the southern border. AdvertisementA self-touted militia sniper was arrested by the FBI and accused of trying to sell an undercover agent an unregistered suppressor for an AK-47. But there's more — the FBI says Paul Faye Sr. owned multiple weapons and explosives and was planning to launch a violent attack on people at the southern border. According to the criminal complaint, an undercover FBI agent contacted Faye via TikTok, after which the pair exchanged phone numbers. Advertisement"I would be on top that roof right there, zeroing out, taking out anybody," Faye told the agent, per the complaint.

Persons: Paul Faye Sr, Faye, —, TikTok, BI's Alia Shoaib Organizations: FBI, AK, Service, National Firearms Locations: Kentucky , Georgia, North Carolina, Tennessee

☆ How using the 14th Amendment against Trump went from a ‘pipe-dream fantasy’ to the Supreme Court
▼ + stars: | 2024-02-06 | by ( Marshall Cohen | ) edition.cnn.com time to read: +19 min

‘A sheer coincidence’The journey to the Supreme Court unknowingly began even before the insurrection itself. (In the Cawthorn case, the group partnered with a retired GOP state Supreme Court justice.) CREW appealed to the Colorado Supreme Court, whose members were all appointed by Democratic governors, though they originate from a pool of candidates recommended by a bipartisan panel. Trump appealed the Colorado ruling to the US Supreme Court in early January and oral arguments are set for Thursday. “It’s embarrassing, and it shows the imbalance on our state Supreme Court,” Buck told CNN.

Persons: Donald Trump, “, –, Marjorie Taylor Greene, Madison Cawthorn, coalescing, ”, Donald Sherman, Gerard Magliocca, ” Magliocca, United States …, Trump, Donald Trump’s, Jack Dempsey, Mitch McConnell, ” He’d, hadn’t, James Bopp, Greene, didn’t, Ron Fein, resoundingly, Bopp, ” Fein, Couy Griffin, ” Sherman, Griffin, ” Griffin, Trump’s, William Baude, Michael Stokes Paulsen, J, Michael Luttig, ‘, Sherman, Winston Pingeon, Pingeon, Sarah Wallace, ” Donald Sherman, State Jena Griswold, FDR, Norma Anderson, “ I’ve, Wallace, Magliocca, disqualifying Trump, Carlos Samour, vindicating, Ken Buck, Ken Buck of Colorado, denialism, Buck, ” Buck, …, ” CNN’s Scott Bronstein Organizations: Washington CNN, Trump, Liberal, Rep, Madison, Citizens, Indiana University, United, Capitol, AP Police, National Guard, Republican, Republicans, GOP, Amnesty, ”, Cowboys, Trump Republicans, Federalist Society, Colorado Supreme, US Capitol Police, Responsibility, Ethics, Abaca Press, Colorado, State, Colorado Legislature, Court, Democratic, Dissenting, US Supreme, Supreme, CNN Locations: Colorado’s, Colorado, Thursday’s, America, Washington, United States, DC, Colorado and Maine, Marjorie Taylor Greene of Georgia, North Carolina, Cawthorn, Georgia, New Mexico, Denver, “ Colorado, Israel, Michigan, Minnesota, Washington ,, Dissenting Colorado, Oregon, Illinois, Ken Buck of

☆ Pizza Hut’s ‘Goodbye Pies’ campaign wants to aid your breakup woes
▼ + stars: | 2024-02-06 | by ( John Towfighi | ) edition.cnn.com time to read: +2 min

Pizza Hut wants you to say goodbye with a Hot Honey pie. Pizza Hut launched its “Goodbye Pies” campaign February 6, which lets customers order free Pizza Hut delivery to the address of an ex-lover. The campaign is centered on the release of new Pizza Hut menu items, including a Hot Honey pizza and Hot Honey wings. The “Goodbye Pies” campaign runs until February 14 and is available in select locations in New York, Miami, and Chicago. Pizza Hut has a history of marketing campaigns aimed at differentiating their brand from competitors like Papa John’s and Domino’s.

Persons: ” Lindsay Morgan, Papa Organizations: CNN, Pizza Locations: GoodbyePies.com, New York, Miami, Chicago

☆ Jim Harbaugh's new contract will pay him more than his brother and all but three of his Chargers players next season
▼ + stars: | 2024-02-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +2 min

Coach Jim Harbaugh will reportedly make an average of $16 million a year with the LA Chargers. He'd surpass his brother John's annual salary and outearn all but three of his Chargers players. Denver Broncos head coach Sean Payton earns $18 million a year, while San Antonio Spurs head coach Gregg Popovich is tied with Harbaugh at $16 million. AdvertisementHarbaugh is also set to outearn all but three of his Chargers players, per the sports contract database Spotrac. Harbaugh's return to the NFL was one of many high-profile football coaching changes in recent weeks — the retirement of former Alabama head coach Nick Saban also made national headlines.

Persons: Jim Harbaugh, —, Harbaugh, John — who's, Sean Payton, Gregg Popovich, Bill Belichick —, Keenan Allen, Khalil Mack, Mike Williams, Harbaugh's, Nick Saban, doesn't Organizations: LA Chargers, Chargers, Service, NFL, Los Angeles Chargers, Baltimore Ravens, Denver Broncos, San Antonio Spurs, New England Patriots, University of Michigan, Michigan, University of Washington Locations: Alabama

☆ The world is turning on American fast food, from McDonald's to Starbucks, amid Middle East unrest
▼ + stars: | 2024-02-05 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "The most pronounced impact that we're seeing is in the Middle East and in Muslim countries like Indonesia and Malaysia," CEO Chris Kempczinski said on McDonald's earnings call on Monday. Sales in countries with significant Muslim minority populations, such as France, were also affected by the boycotts, Kempczinski said. McDonald's said it gave the Israel Defense Forces "tens of thousands" of free meals in the days after the conflict began. Advertisement"We do not expect to see meaningful improvement until there is a resolution in the Middle East," McDonald's CFO Ian Borden said during the call.

Persons: —, Chris Kempczinski, Kempczinski, McDonald's, Israel —, Domino's, Ian Borden Organizations: Service, McDonald's, Reuters, Business, Israel, Starbucks, Israel Defense Forces Locations: Gaza, Indonesia, Malaysia, France, Israel

☆ McDonald's and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
▼ + stars: | 2024-02-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

McDonald's and Starbucks , two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of McDonald's fell 4% in morning trading Monday, several hours after it reported that a sales slowdown in the Middle East contributed to its fourth-quarter revenue miss. Starbucks CEO Laxman Narasimhan said Tuesday that the company's sales in the Middle East struggled, but boycotts also hurt its U.S. cafes. Unlike Starbucks, McDonald's did not note any effect on its U.S. sales. Yum Brands is scheduled to report its quarterly results on Wednesday, while Restaurant Brands is slated to share its earnings on Feb. 13.

Persons: Laxman Narasimhan, McDonald's, Cowen, Andrew Charles, Chris Kempczinski, Kempczinski, Papa John's, Burger Organizations: U.S, Starbucks, Starbucks Workers, Workers United, McDonald's, Yum Brands, Restaurant Brands, CNBC PRO Locations: Tel Aviv, Israel, Gaza, Malaysia, Indonesia, France, Europe

☆ Digital consultancy Bounteous will merge with Accolite Digital, aiming to become a billion-dollar giant in 5 years
▼ + stars: | 2024-02-01 | by ( Ryan Joe | ) www.businessinsider.com time to read: +4 min

Read previewThe digital consultancy Bounteous is merging with Accolite Digital, and together they plan to become a billion-dollar company in five years. Bounteous and Accolite Digital offer different, yet complementary services. Its clients include Coca-Cola, Caesars Entertainment, Domino's, and others, and it largely competes with other consultancies like Accenture and Deloitte Digital, Bounteous CEO Keith Schwartz told Business Insider. AdvertisementAccolite's clients include telecommunications and financial services companies, including Goldman Sachs, Prudential, and BT. For now, the merged company will be called Bounteous X Accolite, although Kaza said they will finalize its new name in May.

Persons: —, Keith Schwartz, Leela Kaza, Kaza, Goldman Sachs, Prasad Chintamaneni, Schwartz Organizations: Service, Accolite, New, Business, Cola, Caesars Entertainment, Accenture, Deloitte Digital, FedEx, Prudential, BT Locations: Chicago, North America, Dallas, India, Canada, Mexico, Europe, America, Eastern Europe

☆ Starbucks is even taking a hit in the US from Israel's war in Gaza, its CEO says
▼ + stars: | 2024-01-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Starbucks said its sales in the Middle East took a hit after Israel's invasion of Gaza. And events in the region have also impacted US sales, CEO Laxman Narasimhan said. AdvertisementStarbucks took a sales hit last quarter in the Middle East after Israel's invasion of Gaza, its CEO said. The company has previously pushed back against "misrepresentation" of its position on Israel's invasion of Gaza. Starbucks did not disclose sales figures for the Middle East, and a company spokesperson declined to comment beyond Starbucks' earnings release and call.

Persons: Laxman Narasimhan, —, Narasimhan Organizations: Starbucks, Service, Consumers Locations: Gaza, Europe, Malaysia, Australia, Texas

☆ Trump must still cough up at least $90M in E. Jean Carroll verdict — and soon — even though an appeal means she has to wait for it
▼ + stars: | 2024-01-30 | by ( Laura Italiano | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +6 min

Donald Trump has to cut a fat check, and his appeal of the E. Jean Carroll verdict won't delay that. While he appeals the verdict, Carroll can't touch that money — but neither can Trump. Here, as an example, is the judgment Kaplan issued after last year's Carroll verdict, the one that ordered he pay $5 million in damages. Last time around, for the $5 million verdict, Trump went with cash. The premium is money Trump would never see again, according to a surety executive who spoke on condition of anonymity.

Persons: Donald Trump, Jean Carroll, Trump, Carroll, —, Donald Trump's, Carroll's, Roberta Kaplan, Stephanie Keith, Lewis Kaplan, That's, Kaplan, Judge Kaplan, babysit — Trump, what's, Chubb, Morgan Chase, Donald Trump Scott Eisen, general's, Habba Organizations: Trump, Service, Business, Travelers Insurance, Liberty Mutual, New, Trump Organization Locations: Manhattan, New York

☆ GM's plan to bring back hybrids is a win for dealers and shoppers
▼ + stars: | 2024-01-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

A new crop of electric car shoppers is showing interest for plug-in hybrids. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This about-face for GM , which has loudly touted its commitment to an all-electric future, is a good sign for dealers and shoppers heading into this year. AdvertisementIt may also be the first domino to fall as demand for hybrid vehicles reaches new highs. More options are likely to ease some of this pricing pressure and open up the hybrid market to more shoppers.

Persons: —, Mary Barra, Barra, Ford, Jeremy Korst Organizations: Service, GM, Dealers, GBK, Toyota, Tesla Locations: North America

For instance, the U.S. has blocked shipments of cotton coming from China, a top manufacturer of popular clothing brands, because it was produced by forced or prison labor. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. Cargill acknowledged buying goods from prison farms in Tennessee, Arkansas and Ohio, saying they constituted only a small fraction of the company’s overall volume. For instance, about a dozen state prison farms, including operations in Texas, Virginia, Kentucky and Montana, have sold more than $60 million worth of cattle since 2018. “What for?”FOLLOWING THE MONEYThe business of prison labor is so vast and convoluted that tracing the money can be challenging.

Persons: it’s, Willie Ingram, “ They’d, billy clubs, they’d, ”, Ingram, didn’t, they’re, don’t, Andrea Armstrong, Frank Dwayne Ellington, Ellington, Koch, “ It’s, it’s somebody’s, Alishia Powell, Clark, “, Bunge, Louis Dreyfus, Archer Daniels, Cargill, ” McDonald’s, Mills, ” Bunge, Burger, Jermaine Hudson, ” Hudson, Calvin Thomas, Thomas, Ken Pastorick, Pastorick, Jennifer Turner, Faye Jacobs, Jacobs, ’ ” David Farabough, they’ve, Joshua Sbicca, Cliff Johnson, Jimmy Dean, Sara Lee, Tyson, Brevard County Sheriff Wayne Ivey, that’s, ” Ivey, “ They’re, ’ ”, William “ Buck ” Saunders, Hickman’s, Brooke Counts, Counts, John’s, Jack Strain, Tammany Parish, Russell Stover, Curtis Davis, Robert Bumsted, Cody Jackson, Columbia University’s Ira A, Lipman Organizations: Louisiana State Penitentiary, The Associated Press, Walmart, Cargill, U.S, Kroger, Target, Aldi, Corrections, Loyola University New Orleans, Koch Foods, Occupational Safety, Health Administration, Washington, Archer Daniels Midland, Consolidated, AP, Foods, Dairy Farmers of, Big, Sam’s, Tyson Foods, U.S ., Civilian, OSHA, Fair Labor, American Civil Liberties, Colorado State University, MacArthur Justice Center, University of Mississippi, PepsiCo, Brevard County Sheriff, Arizona . Companies, Costco, Correctional, Prisons, Nut, Maine Foods, Taylor Farms, Transitional, Associated Press, Public Welfare Foundation, Columbia, Lipman Center for Journalism, Arnold Ventures Locations: ANGOLA, La, Southern, Louisiana, Texas, In Louisiana, Angola, United States, “, Ashland, U.S, China, Tennessee , Arkansas, Ohio, Dairy Farmers of America, Texas , Virginia, Kentucky, Montana, Baton Rouge, Mississippi, Manhattan, America, Alabama, American, Arkansas , Texas, Florida , Alabama, South Carolina, Georgia, Arkansas, In Alabama, Florida, Brevard County, Arizona, Wisconsin, California, Colorado, state’s St, Tammany, Idaho, In Kansas, Cal, St, Francisville , Louisiana, Feliciana, Investigative@ap.org

☆ This week will start a domino chain of reconciliations for the markets, says Greg Branch
▼ + stars: | 2024-01-29 | 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 EmailThis week will start a domino chain of reconciliations for the markets, says Greg BranchGreg Branch, Veritas Financial Group Managing Partner, discusses what to watch in the week ahead.

Persons: Greg Branch Greg Branch Organizations: Veritas Financial

☆ Nick Saban's retirement started a chain reaction that led to millions of dollars in raises for coaches at other schools
▼ + stars: | 2024-01-27 | by ( Cork Gaines | ) www.businessinsider.com time to read: +1 min

Nick Saban's retirement started a domino effect among college football head coaches. Four head coaches and many assistants got big pay raises thanks to Saban's retirement. AdvertisementLegendary college football coach Nick Saban surprised some when he announced his retirement following the 2023 season. Saban was a head coach for 28 seasons, including the last 17 at the University of Alabama. AdvertisementHere is a look at the coaches who have already been impacted by Saban's retirement and the raises they are getting.

Persons: Nick Saban's, —, Nick Saban, Saban Organizations: Service, University of Alabama, Crimson Tide, Saban Locations: Alabama

☆ Domino's pizza is the latest American product facing backlash in Asia amid the Middle East turmoil, exec says
▼ + stars: | 2024-01-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Read previewDomino's Pizza is the latest American brand to face blowback as some consumers change their buying habits in light of Israel's invasion of Gaza. Domino's Pizza Enterprises, a franchisee of the US company that operates Domino's restaurants in Australia, Europe, and Asia, said same-store sales in Asia fell an estimated 8.9% in the second half of 2023. Domino's Pizza Enterprises also operates in countries including Singapore, Japan and Taiwan. Spokespeople for Domino's Pizza Enterprises and Procter & Gamble did not immediately respond to Business Insider's request for additional comment. In an investor presentation last month, Unilever CEO Hein Schumacher said that some of its brands in Indonesia have been affected by "the wars in the Middle East."

Persons: —, America —, Donald Meij, Domino's, Gamble, McDonald's hasn't, Ian Borden, Borden, Hein Schumacher Organizations: Service, Business, Pizza Enterprises, Enterprises, Palestine, CNN, Israel, Procter & Gamble, Bloomberg, Starbucks, Domino's Pizza Enterprises, Procter, Reuters, Unilever Locations: Gaza, Australia, Europe, Asia, Malaysia, Singapore, Japan, Taiwan, Israel, Indonesia, Pakistan, pushback, Egypt, Jordan, London

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