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7:02 a.m.: JPMorgan hikes Roku price target Roku's focus on monetization for its Platform segment may spell good news for the stock. Analyst Cory Carpenter kept his overweight rating on the stock but upped his price target by $10 to $90. "We believe Lilly's launch of an obstructive sleep apnea (OSA) indication for its GLP-1 medication tirzepatide poses significant patient funnel disruption/distortion risks," the analyst wrote. Analyst Sara Senatore upped its price target by $6 to $118, which implies more than 22% upside from Tuesday's close. "Licensing China would also allow SBUX management to train its focus on the US (73% of 2023 EBITDA before corporate expenses)," the analyst wrote in a Wednesday note.

Persons: Goldman Sachs, Cory Carpenter, Carpenter, Roku, TTD, they've, — Sean Conlon, Wolfe, Resmed Wolfe, Mike, Eli Lilly, Sara Senatore, Senatore, Brian Niccol's, Lizzie Dove, Hilton, Dove, Adrienne Yih, Yih, Fred Imbert Organizations: CNBC, Marriott International, Barclays, Corp, JPMorgan, Google, Amazon, Bank of America, Marriott, Wyndham, Hilton, VF Corp Locations: Starbucks, China, Tuesday's, Timberland, VFC

☆ Hershey is turning its candy into energy drinks and protein powders
▼ + stars: | 2024-09-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —With its line-up of sweet snacks, Hershey isn’t known as a purveyor of diet foods. As the use of weight-loss drugs — notably Ozempic and Wegovy — grows, the 130-year-old confectionery company is adjusting to this new era by pushing further into the wellness category with protein powders and energy drinks in popular candy flavors. Hershey’s namesake milk chocolate and Reese’s peanut butter and chocolate will soon be sold as protein powders and its Jolly Rancher candies will be turned into bubbly energy drinks. Energy drinks, which are most often bought by millennial and Gen Z customers, have “a lot of affinity” with Hershey’s products, Cunningham told CNN. C4 has already had success with using flavors from Skittles, Starburst and Popsicle for its other energy drinks.

Persons: Hershey, —, “, ”, Doss Cunningham, Red Bull, Cunningham, ” Cunningham, Andrea Hernández, Hernández, Hershey’s Organizations: New, New York CNN, Hershey Company, C4 Energy, Red, Energy, CNN, Kroger, Walmart, Hershey, One Locations: New York, “, United States, Amazon

☆ American fast-food giants are going big on a China wager, betting they can get the country's new middle class to love them back
▼ + stars: | 2024-09-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

An expansion rate surpassing America'sKFC, run by Shanghai-headquartered Yum China, has historically enjoyed the lion's share of the country's fast-food cravings. Hopes for a new middle class in ChinaCities in China are unofficially grouped into tiers according to their status, size, and wealth. Chinese KFC has nearly doubled its menu itemsExpanding during a sluggish economy might make sense for fast food brands, which are often classified as recession-proof as consumers downgrade their spending. Advertisement"Now, they are doubling down further on this strategy by expanding into the inland regions of China, especially Tier Three and Tier Four cities with a growing middle class," they told BI. Yum China has also been expanding aggressively in the country's burgeoning coffee scene, establishing a popular spin-off called KCoffee.

Persons: —, It's, McDonald's, Shaun Rein, Rein, Allison Malmsten, Malmsten, Cui Nan, Wang Gang, Jonathan Bernstein, Bernstein, Kung Fu, Daxue, it's, They've Organizations: Service, Thursday, Business, McDonald's, Tier, China Market Research Group, KFC, LONG, Future Publishing, Getty Images, China, US, Yum China, Daxue Consulting, Publishing, China News Service, Getty, Analysts, Yonder Consulting Locations: China, Kentucky, Weibo, Hangzhou, China's, Shanghai, China Cities, Beijing, Guangzhou, Shenzhen, Chengdu, Chongqing, Nanyang, Suqian, Jiangsu, London, Asia, Shanghai thronged

☆ Why Nvidia and Its Stock Have Developed a Cult-Like Following
▼ + stars: | 2024-09-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +13 min

I probably do not have to tell you that Nvidia has really blown up over the past few years. "If people were going to be going crazy about a stock, wouldn't it be this one?" Jack, a moderator of a subreddit dedicated to Nvidia's stock, finds some of the memes around Nvidia irksome. He said ChatGPT's capabilities reinforced his belief in his thesis around Nvidia and AI. I'm not a Nvidia true believer, but I'm apparently Nvidia curious.

Persons: Jensen Huang, Angelo Zino, Jim Cramer, Josh Brown, fanboys, Kamala Harris, I'm, Dan Ives, Huang, Daniel Williams, Williams, David, Goliath, Christopher Schwarz, that's, Axios, Felix Salmon, he's, Jack can't, It's, Berkshire Hathaway, Warren Buffett, Buffett, There's, Schwarz, Brown, Ted Mortonson, Baird, They've, cooly, they're, Mortonson, Ives, Elvis, Zack Morris, Taylor Swift, Chappell Roan, Emily Stewart Organizations: Nvidia, Wall Street, Woodstock, CFRA Research, CNBC, Ritholtz Wealth Management, Elon, NFL, Democratic, People, Wedbush Securities, Lebron, Davids, University of California, Paul Merage School of Business, Nvidia irksome, GameStop, GameStop —, Cisco, Department, Justice, ChatGPT, Business Locations: New York City, New York, Jack, Maine, Omaha , Nebraska, —

☆ Pancakes, meet pandan. Asian American restaurants add their own spin to weekend brunch
▼ + stars: | 2024-09-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +7 min

Breaking Dawn was one of two places that opened in the San Francisco Bay Area last spring emphasizing brunch. Asian American restaurants in other cities have also found that sweet and savory spot between breakfast and lunch. Jessica Nguyen, 28, who was finishing brunch at Breaking Dawn, says she’ll almost always choose Asian brunch over regular eggs or waffles. Within the last few decades, Asian and Asian American cuisine has become more popular through media and savvy foodies. She doesn’t see other restaurants with Asian brunch as rivals.

Persons: Dawn, Liz Truong, Terry Tang, ”, Truong, Lerspreuk, Thanasit “ Toto ” Nanthasitsira, yum, “, Chef Francis Ang, buttered, Jessica Nguyen, she’ll, Nguyen, Martin Manalansan, ” Manalansan, “ It’s, There’s, Eric Silverstein, Silverstein, we’re, ” Silverstein Organizations: GATOS, FO, Breaking, San Francisco Bay Area, NBC Asian Locations: Calif, Bay, sunnyside, Los Gatos, San Francisco Bay, San Mateo, Thailand, Francisco’s, China , Hong Kong, Taiwan, Austin , Texas, Tokyo, Atlanta, NBC Asian America

☆ Longevity experts gathered in Copenhagen. Here's what they ate — and why you should try these meals, too.
▼ + stars: | 2024-09-05 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +8 min

But at the 11th Aging Research and Drug Discovery meeting in Copenhagen last week, the food was good. Noma cofounder Claus Meyer, who drafted the first New Nordic Food Manifesto, is also behind the company that catered ARDD 2024. Bright pink pickled onions, for example, provide a great flavor punch in the mix, but are also nice for your gut. Bright pink pickled onions, for example, provide a great flavor punch in the mix, but are also nice for your gut. But, for now, I have some ideas on how to make my lunches and snacks a little better for my longevity.

Persons: —, Claus Meyer, Meyers, Hilary Brueck Meyers's, dieticians, Yum, Hilary Brueck, Eugen Chirita, that's, it's Organizations: Service, Aging Research, Drug, Business, Nordic Food, xmazepa Locations: Copenhagen, Denmark

☆ Sports gambling is bigger than ever. It's also gotten incredibly weird.
▼ + stars: | 2024-09-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

I live in the great state of New York, where online sports gambling has been legal since 2022. Different state, different gambling rulesMy trash-chute gambling pilgrimage is specific to me, but it represents one of the many quirks of the legalized gambling industry. When you're in New York, you're not allowed to bet on in-state colleges. Leagues love gambling, until they don'tBut what makes this new era of sports gambling particularly confusing is the relationship between sportsbooks and the leagues they're setting lines for. Yet despite all the promotion (and sponsorship money) touting sports gambling, athletes betting on their own games is still very much banned.

Persons: —, it's, York's, Pete Rose, LeBron James, Connor McDavid, Jayden Daniels, Malik Nabers Organizations: Service, Business, Syracuse University, Leagues, NFL, NBA, MLB, NHL, sportsbooks, Sports, ESPN, ESPN Bet Locations: New York, Connecticut, Illinois, sportsbooks

☆ Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
▼ + stars: | 2024-08-13 | by ( Michele Luhn | ) www.cnbc.com time to read: +1 min

Chipotle stock fell as much as 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of Starbucks . Niccol began as Chipotle CEO in March 2018. Chipotle stock has risen more than 700% since since he took over. Niccol helped lead Chipotle through a foodborne illness scandal and oversaw the chain of restaurants during the pandemic. Before taking over at Chipotle, Niccol was the CEO at Yum Brands' Taco Bell.

Persons: Brian Niccol, Niccol, Scott Boatwright, He's, Jack Hartung, Brian, Mellody Hobson, Chipotle, — CNBC's Amelia Lucas Organizations: Starbucks, Yum Brands, Bell Locations: Chipotle

☆ Saving Australian Crocodiles by Yucking Their Yum
▼ + stars: | 2024-08-13 | by ( Jack Tamisiea | ) www.nytimes.com time to read: +1 min

Researchers in Australia believe being a bit nauseous could help save crocodiles from a poisonous pest. That’s why ecologists recently set traps baited with toad carcasses in gorges where freshwater crocodiles like to hunt. Instead of the deadly toxins the toads usually carry, these had been injected with a nauseating chemical. The results of the experiment, published Wednesday in the journal Proceedings of the Royal Society B, reveal that these tainted toads may save crocodile lives by changing their eating habits. Even top predators like freshwater crocodiles are susceptible to a deadly dose of toad.

Persons: Seuss, Cane Organizations: Royal Society Locations: Australia

☆ Starbucks upgraded already by Wall Street firm as it makes stunning CEO change
▼ + stars: | 2024-08-13 | by ( John Melloy | ) www.cnbc.com time to read: +1 min

Wall Street wasted no time getting behind Starbucks shares after the No. 1 U.S. coffee restaurant named Chipotle CEO Brian Niccol as CEO , dumping Laxman Narasimhan. Baird upgraded Starbucks to outperform from neutral shortly after the news and before trading even began on Wall Street officially. Starbucks shares have struggled for the last three years after an initial demand boom following the pandemic. SBUX 5Y mountain Starbucks, 5 years Baird set a new price target of $110 on Starbucks, which represents a 40%-plus pop from Monday's close.

Persons: Brian Niccol, Laxman Narasimhan, Baird, David Tarantino, Narasimhan, Niccol, Taco Bell Organizations: Wall, Starbucks, Taco Bell, Yum Brands, Taco, Procter, Gamble

☆ Kids thrive at every size — so here is what you should know about their health, experts say
▼ + stars: | 2024-08-13 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +8 min

CNN —Do you ever find yourself comparing the size of your child with those of their classmates and worrying about their health? In her new book, “Kids Thrive at Every Size,” Castle aims to offer a new model for assessing and addressing kids’ health. Weight-focused versus whole child healthThe way children’s health has been assessed has often centered greatly on their size and shape, Castle said. “Or we look at a child with a larger body and say, ‘Hey, that doesn’t fit our norm.’”There are a few problems with this approach. … You choose what you want, but fruit is really important to your overall eating pattern, and it’s important for you to get some at school,’” Castle added.

Persons: Jill Castle, Jennifer Rollin, “ We’ve, ‘, ”, Dr, Nimali Fernando, hale, —, “, …, Rollin Organizations: CNN, Yum Locations: Massachusetts, Rockville , Maryland, Virginia

Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol as the coffee chain tries to reverse a sales slump. Before joining Starbucks, Narasimhan was chief executive of Reckitt, which owns brands like Lysol and Mucinex. Narasimhan's surprise ouster also suggests that Starbucks' board isn't interested in a deal with activist investors. When news of Elliott's stake in Starbucks first broke in July, the hedge fund offered Starbucks' board a settlement that would protect Narasimhan's job, CNBC previously reported. Starbucks' board did not initially respond or engage with Elliott for some time, driven in part by the lingering influence of Schultz.

Persons: Laxman Narasimhan, Brian Niccol, Rachel Ruggeri, Niccol, Narasimhan, Howard Schultz, Elliott, Chipotle, Mellody Hobson, shakeup, Brian, Hobson, he's, Bell, Narasimhan's, Schultz, Scott Boatwright, Jack Hartung Organizations: Starbucks, Elliott Management, Yum Brands, Bell, CNBC Locations: U.S, China, Chipotle, Pizza

☆ Restaurant CEOs’ new favorite word is value as they aim to bring back customers
▼ + stars: | 2024-08-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

"The word 'value' has received a lot of airtime in the past few months," Josh Kobza, the CEO of Burger King parent company Restaurant Brands International , said on Thursday. Value for shareholdersA drive-through area of a Burger King restaurant in Peoria, Ill. Daniel Acker | Bloomberg | Getty ImagesCompanies aren't just thinking about offering value for customers — they're also thinking about shareholder value. For example, Burger King was one of the first chains to unveil a $5 value meal this summer. When its rivals followed suit with their own $5 discount deals, the Restaurant Brands chain didn't see any clear impact to its business. "There are actually some positives to the focus on value across the industry," Restaurant Brands' Kobza told CNBC.

Persons: Mario Tama, McDonald's, Josh Kobza, Burger, There's, Taco Bell, Papa, Ravi Thanawala, Chris Kempczinski, Richa Naidu, Kempczinski, it's, Brian Niccol, Adam Jeffery, Niccol, John Peyton, IHOP, It's, Peyton, Daniel Acker, — they're, They're, Burger King, Kobza Organizations: Getty, Taco Bell, Yum Brands, Restaurant Brands, Bureau of Labor Statistics, Burger King, Reuters, Grill, CNBC, Brands, Peoria , Ill, Bloomberg, Starbucks, U.S Locations: Burbank , California, Burger King, Oak Brook , Illinois, Peoria ,

☆ Taco Bell is giving customers exactly what they want right now: cheap fast food
▼ + stars: | 2024-08-07 | by ( Nora Redmond | ) www.businessinsider.com time to read: +1 min

Taco Bell is one of the rare bright spots in the fast food industry right now. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaco Bell has been going all in on value, and it's paying off. Taco Bell has been winning over customers with value meals as fast food prices have soared in recent years, putting some diners off.

Persons: Taco Bell, — Organizations: Brands, Service, Yum ! Brands, KFC, Business

☆ Taco Bell could hold the secret formula for bringing customers back to fast food
▼ + stars: | 2024-08-06 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Fast food giant Yum Brands is going all in on value — but only Taco Bell is performing well enough to immediately bring back inflation-weary customers. But Gibbs said Taco Bell is outperforming its rivals in the fast food industry. “I think we’re really seeing Taco Bell stand out from the crowd,” he said to investors. Of the three, only Taco Bell’s US same-store sales grew in the second quarter of 2024, at 5%. The earnings call highlighted how fast food and fast casual chains are struggling to retain customers who believe it is cheaper to just eat at home.

Persons: Taco Bell, David Gibbs, Gibbs, ”, Chipotle, Taco, ” Gibbs, YUM, Chris Turner, Burger, Bell, Lawrence Kim, Yum, CNN’s Clare Duffy Organizations: New, New York CNN, Yum Brands, KFC, Taco, ! Brands, CNN Locations: New York, East, Malaysia, Indonesia, Israel

☆ Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Yum China — Shares surged 8% after the Shanghai-based operator behind Pizza Hut and Taco Bell posted second-quarter earnings that beat expectations. Adjusted earnings of 55 cents per share topped the 47 cents per share anticipated by analysts surveyed by LSEG. Earnings came in at 47 cents per share, topping the 31 cents expected from analysts polled by LSEG. CSX reported earnings of 49 cents per share in the second quarter, above the 48 cents anticipated by analysts in an LSEG survey.

Persons: Taco Bell, Piper Sandler, ZoomInfo, LSEG, Lucid, — CNBC's Michelle Fox, Fred Imbert, Jesse Pound Organizations: Technologies, Taco, LSEG, Revenue, Caterpillar, Nvidia, Micro Computer, Broadcom, Intel, CSX Locations: China, Shanghai

☆ Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
▼ + stars: | 2024-08-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts' estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Palantir now anticipates revenue between $2.742 billion and $2.750 billion, up from its previous guidance of $2.68 billion to $2.69 billion. Caterpillar's adjusted earnings totaled $5.99 per share in the second quarter, beating the $5.55 per share estimate from analysts polled by FactSet. CrowdStrike — Shares rose 3% after Piper Sandler upgraded CrowdStrike to overweight from neutral, saying the dip in the cybersecurity stock following the global tech outage is a buying opportunity.

Persons: Johnson, FactSet, Taco Bell, ZoomInfo, LSEG, Lucid, BioMarin, CrowdStrike, Piper Sandler, —, Sarah Min, Sean Conlon, Yun Li, Jesse Pound Organizations: Johnson, FactSet, Revenue, Caterpillar, Lumen Technologies, Molson Coors Beverage —, Technologies, LSEG, Taco, CSX —, CSX, BioMarin Pharmaceutical Locations: China, Shanghai

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Micron, Amazon, Apollo Global & more
▼ + stars: | 2024-08-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Stifel initiates GE Healthcare as buy Stifel said it's bullish on shares of the GE spin-off. Rosenblatt reiterates Nvidia as buy Rosenblatt said concerns about delays in the company's Blackwell chip are overdone. " JPMorgan downgrades Carlyle Group to neutral from overweight JPMorgan said it sees better value elsewhere. Morgan Stanley reiterates Apple as overweight Morgan Stanley said Monday's DOJ ruling on Alphabet is a negative for Apple. JPMorgan upgrades Sonic Automotive to overweight from neutral JPMorgan said investors should buy the dip in the auto company.

Persons: Stifel, it's, Morgan Stanley, Rosenblatt, Blackwell, JPMorgan, Carlyle, Piper Sandler, Piper, Palantir, KeyBanc, D.A, Davidson, Apple, GOOGL, SAH, underperform Macquarie Organizations: GE Healthcare, GE, Taiwan Semiconductor, JPMorgan, Barclays, Nvidia, Blackwell, Royal, JPMorgan downgrades Carlyle Group, Bank of America, Artificial Intelligence, Micron, Apollo, of America, Apollo Global Management, APO, Meta, Retail Media, DOJ, Apple, Aspen, Sonic Automotive, SS, UBS, Walmart, Northland, Honest, Honest Company, Macquarie, underperform Locations: Royal Caribbean, GOOGL, EVs, China

☆ Yum Brands reports mixed results as Pizza Hut and KFC same-store sales fall
▼ + stars: | 2024-08-06 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

A sign is posted in front of a Taco Bell restaurant on May 01, 2024 in Richmond, California. Yum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. Yum's same-store sales fell 1% in the quarter as both Pizza Hut and KFC reported same-store sales declines of 3%. And although the chicken chain's system sales picked up this quarter in China, its largest market, KFC's overall international same-store sales fell 3%. Pizza Hut's U.S. same-store sales decreased 1%, while its international same-store sales declined 4%.

Persons: Yum, Taco Bell Organizations: Taco Bell, Yum Brands, KFC, LSEG Locations: Richmond , California, U.S, China

☆ Here are 4 things we're watching closely in the stock market this week
▼ + stars: | 2024-08-04 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Stocks had a rough week, topped off with a pummeling Friday after the July jobs data came in weaker than expected. Until then, bad economic news was good news for the stock market, because it meant the Federal Reserve would start cutting interest rates sooner. On Thursday, a drop in U.S. manufacturing activity for July and a jump in initial jobless claims dragged down the market. Next week is light on economic data, so expect earnings reports and CEO commentaries to drive the market action. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Dow Jones, Jim Cramer, would've, Eli Lilly, Mounjaro, Berkshire Hathaway, Krystal, Tyson, BAX, Owens, Walt, Oscar Health, CRON, Krispy, Papa, Jim Cramer's, Jim Organizations: Nasdaq, Dow, Reserve, Broadcom, Devices, Palo Alto, PMI, Wynn Resorts, Investors, Wynn, Wynn Palace, U.S . Disney, Management, and Drug Administration, Carlyle Group, Krystal Biotech, Tyson Foods, TSN, Alpha Metallurgical Resources, BioCryst Pharmaceuticals, Axsome Therapeutics, Technologies, Clover Health, Realty Income Corp, Avis Budget Group, CSX Corp, CSX, Simon Property Group, Sterling Construction Company, Teradata Corp, Yum China Holdings, ZoomInfo Technologies, Holdings, Caterpillar, Baxter International, Vulcan Materials Company, Allegheny Technologies Incorporated, Constellation Energy Group, Marathon Petroleum Corp, Owens Corning Inc, Duke Energy Corp, GXO Logistics, Brands, Builders, Wynn Resorts Ltd, WYNN, Rivian Automotive, Devon Energy Corp, GigaCloud Technology Inc, Lumen Technologies, VF Corp, Walt Disney Co, Novo Nordisk, CVS Health, Aurora Cannabis Inc, Emerson Electric Co, Sony Group Corporation, SONY, Inc, ODP Corporation, Icahn Enterprises, MannKind Corp, ACM Research, Brink's Company, AppLovin Corporation, Digital Turbine, Sarepta Therapeutics, Occidental Petroleum Corp, Bros, SolarEdge Technologies, Aspen, Coeur D'Alene Mines Corp, Co, Vistra Energy, Cheniere Energy, Cronos, Himax Technologies, Properties Trust, Papa John's, Paramount Global, Trade, Lab, B2Gold Corp, Honest Company, Gilead Sciences, Growth, Nikola Corporation, Embraer, New Fortress Energy, Construction, Jim Cramer's Charitable, CNBC, Disney, Pixar Locations: Palo, Macau, Las Vegas, Boston, Vegas, Wynn Macau, China, Novo, Coeur, Gilead

☆ Wall Street will look for signs of what's next for the market after a rocky start to August
▼ + stars: | 2024-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The S & P 500 ended the week down by 2%. As of Friday, the Nasdaq Composite was more than 10% below its recent high, while the S & P 500 was down by 5.7%. Markets were last pricing in a 71% chance of a half percentage point rate cut in September, up from 22% on Thursday, according to the CME FedWatch Tool . Brands , Fidelity National Information Services , Uber Technologies , Marathon Petroleum , Caterpillar Wednesday Aug. 7 3 p.m. Consumer Credit (June) Earnings: Costco Wholesale , Warner Bros. Discovery , Occidental Petroleum , Ralph Lauren , CVS Health , Hilton Worldwide Holdings , Walt Disney Company Thursday Aug. 8 8:30 a.m.

Persons: Stocks, payrolls, Bill Hornbarger, Benjamin F, Edwards, Russell, Claudia Sahm, selloff, Michael Kantrowitz, Piper Sandler, Kantrowitz, Jan Hatzius, Goldman Sachs, Hatzius, CNBC's, Eli Lilly, Ralph Lauren, Martin Marietta Organizations: Nasdaq, Treasury, Investors, Federal Reserve, Walt Disney Company, Caterpillar, Costco, Micro Computer, PMI, PMI Services, Services PMI, Simon Property Group, Diamondback Energy, Tyson Foods, Devon Energy, Airbnb, Wynn Resorts, TransDigm, Brands, Fidelity National Information Services, Uber Technologies, Marathon Petroleum, Consumer Credit, Costco Wholesale, Warner Bros, Discovery, Occidental Petroleum, CVS Health, Hilton Worldwide Holdings, Gilead Sciences, Akamai Technologies, News Corp, Paramount Global, Expedia, Martin, Martin Marietta Materials Locations: Fortinet, Devon

☆ Hundreds of Taco Bell drive-thrus are set to be AI-run by the end of this year
▼ + stars: | 2024-08-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +1 min

Taco Bell's parent company is ramping up its implementation of drive-thru AI at the chain. Brands said Wednesday that hundreds of Taco Bells are set to have voice AI by the end of 2024. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYour next Cheesy Gordita Crunch may come to you via an artificial intelligence drive-thru experience. Hundreds of Taco Bell drive-thrus across the country are set to implement voice AI technology by the end of this year, the chain's parent company said in a Wednesday announcement.

Persons: —, Taco Bell Organizations: Brands, Taco, Service, Business Locations: Bell's

☆ Taco Bell to roll out AI drive-thru ordering in hundreds of locations by end of year
▼ + stars: | 2024-07-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Yum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the end of this year. In May, executives said Taco Bell would expand its pilot of voice AI from five locations to 30 restaurants in California. Currently, more than 100 Taco Bell restaurants in the U.S. use voice AI. Taco Bell had nearly 7,700 U.S. locations at the end of 2023, according to company filings. Five KFC restaurants in Australia are also testing voice AI tech in drive-thrus, Yum Brands said.

Persons: McDonald's, Taco, Taco Bell, Lawrence Kim Organizations: Yum Brands, Taco Bell, IBM, Brands, Yum, KFC Locations: U.S, White, Chicago, California, Australia

☆ A major change is coming to Taco Bell drive-thrus
▼ + stars: | 2024-07-31 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

Taco Bell is set to expand the use of artificial intelligence voice technology in its drive-thrus to hundreds of US locations by the end of this year, parent company Yum! The move means that when users pull up to place their order at a Taco Bell, there’s a good chance they will be talking to a computer, rather than a human employee, on the other end. McDonald’s said last month it was pulling the plug on the AI ordering technology that it was testing at more than 100 US drive-thrus, after customers complained about the system getting their orders wrong. Brands, told CNN he’s confident that his company’s technology — which is already in use at 100 Taco Bell locations across 13 states — won’t have the same issues. Kim also denied that AI ordering technology would replace human jobs, a growing concern around all manner of new AI tools.

Persons: Taco Bell, there’s, McDonald’s, Lawrence Kim, — won’t, we’ve, ” Kim, it’s, Kim, Yum, Kay, quesadilla ”, kay, “ kay, ” Organizations: New, New York CNN, Brands, Taco Bell, ! Brands, CNN, KFC Locations: New York, Taco, Pizza

☆ Fast-food chains battle for low-income diners with summer value meals
▼ + stars: | 2024-07-28 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

But these days, other fast-food chains have revived the $5 price point, hoping to win over customers who have cut back their spending. Sensing diners' fast-food backlash, players such as Brinker International's Chili's have used their marketing to highlight their own value relative to the cost of a fast-food meal. Shares of McDonald's, Burger King parent Restaurant Brands International and Wendy's have all slid by double digits this year. Taco Bell owner Yum Brands is down more than 1% in 2024. Restaurant Brands and Yum Brands are expected to report their quarterly earnings the following week.

Persons: Taco, Burger, Wendy's, McDonald's, Brinker, Rick Cardenas, Robert Byrne, Eric Gonzalez Organizations: Taco Bell, Darden, Burger King, Restaurant Brands, Yum Brands, CNBC, Restaurant

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