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☆ Stocks making the biggest moves midday: Bath & Body Works, Norwegian Cruise Line, Macy's and more
▼ + stars: | 2022-11-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Bath & Body Works – Bath & Body Works' stock surged 24% after reporting per-share earnings that were more than double what analysts had anticipated. The retailer also raised its guidance for full-year per-share earnings. Norwegian Cruise Line – Shares of the cruise stock shed 6% following a double downgrade to an underperform rating from Credit Suisse. Macy's – Shares of Macy's rallied 14% after the department store reported profit and revenue that beat Wall Street's expectations. BJ's Wholesale – Shares dropped 6% despite the company reporting beats on the top and bottom lines and raising its full-year forecast for per-share earnings.

☆ Starbucks union to strike at more than 100 locations on Red Cup Day, one of the chain's busiest days of the year
▼ + stars: | 2022-11-17 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

It's the largest collective action Starbucks Workers United has taken so far in its organizing push over the past year. On Thursday, organizers at 113 striking locations are planning to protest and distribute a version of the red cup featuring the Grinch's hand holding an ornament with the logo of the Starbucks union. Workers at more than 100 unionized Starbucks locations plan to strike on Thursday, one of the chain's biggest sales days of the year. Over the past 12 months, roughly 260 company-owned Starbucks locations have voted to unionize under Workers United, an affiliate of Service Employees International Union. But Starbucks Workers United contend the company hasn't been bargaining in good faith.

☆ Donald Trump launched a third bid for president at a time when his legal troubles have never been worse
▼ + stars: | 2022-11-16 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +10 min

Trump announced his 3rd presidential bid in the same place that federal agents view as a suspected crime scene. With midterms over, the Justice Department could soon signal its next steps. The Justice Department has pursued its investigations undeterred by Trump's signaling plans for a third presidential bid, and his formal campaign launch will not protect him. The Justice Department could soon signal its next steps. Ahead of the midterms, Republicans warned that they would wield committees to mount oversight investigations and grill the Justice Department and FBI about investigations involving Trump.

☆ Republicans grill Biden homeland chief in possible preview of next Congress
▼ + stars: | 2022-11-15 | by ( Ted Hesson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 15 (Reuters) - Republicans at a congressional hearing on Tuesday chastised U.S. While Tuesday's hearing before the House Homeland Security Committee was titled "Worldwide Threats to the Homeland," Republicans focused intensely on the southwestern border. [1/6] A general view of a House Homeland Security Committee hearing on "Worldwide Threats to the Homeland" on Capitol Hill in Washington, U.S., November 15, 2022. Higgins said there were rumors that Mayorkas would resign before the start of the new Congress on Jan. 3. Reporting by Ted Hesson in Washington; Editing by Howard Goller, Kristina Cooke and Alistair BellOur Standards: The Thomson Reuters Trust Principles.

☆ FBI is 'extremely concerned' about China's influence through TikTok on U.S. users
▼ + stars: | 2022-11-15 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Federal Bureau of Investigation Director Christopher Wray told lawmakers Tuesday that he is "extremely concerned" about TikTok's operations in the U.S."We do have national security concerns at least from the FBI's end about TikTok," Wray told members of the House Homeland Security Committee in a hearing about worldwide threats. "They include the possibility that the Chinese government could use it to control data collection on millions of users. Wray said that law alone was "plenty of reason by itself to be extremely concerned." But reporting from Forbes has cast doubt on the security of U.S. user information at TikTok. WATCH: Lawmakers grill TikTok, YouTube, Snap executives

☆ 5 months after the worst school shooting in Texas history, pro-gun Gov. Greg Abbott easily triumphed in Uvalde County
▼ + stars: | 2022-11-12 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

Greg Abbott won the race to remain governor just five months after the worst school shooting in Texas. "Unfortunately, 21 people dead doesn't change people's minds," a bereaved relative told the Texas Tribune. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyJust five months after the Robb Elementary School school shooting in Uvalde, the worst school shooting in Texas history, pro-gun Gov. He'd previously accused Abbott of inaction following the Uvalde shooting, saying, "You are doing nothing. "Unfortunately, 21 people dead doesn't change people's minds," said Jazmin Cazares, 17, whose nine-year-old sister, Jacklyn, was killed at the Robb Elementary school shooting, the outlet reported.

☆ This startup just hired a former DoorDash exec to bring robotic restaurant delivery to the masses
▼ + stars: | 2022-11-11 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

When it comes to amassing a large food-delivery footprint, the startup has hired a ringer in the delivery sector — the former DoorDash executive Prahar Shah. Serve's robots have the potential to be ubiquitous in our everyday lives, he said. This is "very similar to part of the playbook that we ran at DoorDash," Shah said. Most of Serve's restaurant partnerships have been with local restaurants in Los Angeles, such as Bossa Nova and Lala's Grill. As he approaches restaurant chains in his new role, he said most understand the necessity of automation.

The U.S. Federal Trade Commission said it was watching Twitter with "deep concern" after these three privacy and compliance officers quit. Twitter did not respond to requests for comment on a potential bankruptcy, the FTC warning, or the departures. Wheeler was the face of Twitter for advertising after Musk took over. Musk has saddled Twitter with $13 billion in debt, on which it faces interest payments totaling close to $1.2 billion in the next 12 months. It joined other brands including General Motors (GM.N) that have paused advertising on Twitter since Musk took over, concerned that he will loosen content moderation rules.

Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty have also resigned, according to an internal message seen by Reuters. He announced plans to cut half its workforce last week, promised to stop fake accounts and is charging $8 a month for the Twitter Blue service that will include a blue check verification. "We are tracking recent developments at Twitter with deep concern," Douglas Farrar, the FTC's director of public affairs, told Reuters. "Elon puts rockets into space, he's not afraid of the FTC," the attorney quoted Spiro as saying. Twitter did not respond to a request for comment on the FTC warning, the note from the attorney or the departures.

☆ Sweetgreen shares tumble after salad chain lowers revenue outlook
▼ + stars: | 2022-11-08 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Shares of Sweetgreen fell 10% in after-hours trading on Tuesday after the salad chain reported a wider-than-expected loss and lowered its full-year revenue outlook. For 2022, the company now anticipates its revenue will be at or below its prior range of $480 million to $500 million. This marks the second consecutive quarter that it has lowered its revenue outlook. In the third quarter, Sweetgreen said its same-store sales rose 6%, boosted entirely by menu price hikes. Sweetgreen reported fiscal third-quarter net loss of $47.4 million, or 43 cents per share, wider than its net loss of $30.1 million, or $1.58 per share, a year earlier.

Others have ground to a halt, sending companies back to technology that is less sci-fi, but can be deployed more quickly and cost-effectively. Some companies are satisfied their robots are doing the job. The perils of the outdoors are a big problem for delivery robots, in particular. Some people have also raised concerns that delivery robots could block wheelchair access on sidewalks or otherwise get in the way of humans, leading local authorities to limit or prohibit their use. Toronto, for example, last December banned delivery robots.

☆ Advertisers begin to grill Elon Musk over Twitter 'free-for-all'
▼ + stars: | 2022-11-03 | by ( Sheila Dang | ) www.reuters.com time to read: +3 min

Nov 2 (Reuters) - Elon Musk promised advertisers he would keep Twitter from turning into a "free-for-all hellscape." This week, advertisers are beginning to demand details on how he plans to uphold the commitment. The agency's top clients are expected to join the meeting, the media buyer said. Even as Musk took meetings with major agencies and advertisers this week, he took to Twitter on Wednesday night with a poll asking users whether advertisers should support freedom of speech or "political correctness." "Those type of provocations are not helping to calm the waters," the media buyer said.

Nov 3 (Reuters) - Starbucks Corp (SBUX.O) topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will weather any coming recession by selling customized cold drinks through its rewards app to grow its ranks of younger, wealthier customers. Even so, wealthier people keep buying pricier food and drinks from Starbucks and Chipotle Mexican Grill Inc (CMG.N). Some analysts and investors have questioned how Starbucks can meet its global sales guidance of 7% to 9% growth for 2023, especially amid worsening economic conditions. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. read moreGlobal comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise.

☆ Rep. Katie Porter, a Democratic star who's charmed fans with her whiteboards in hearings, could lose her California seat next week
▼ + stars: | 2022-11-01 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +2 min

The Cook Political Report switched Rep. Katie Porter's race from "lean Democratic" to a "toss-up." Porter, a Democratic darling, could be in danger of losing her California seat. Porter, a progressive Democrat seeking a third term, has become a breakout star within her party in recent years, attracting widespread support. Porter currently represents the 45th congressional district, a longtime Republican stronghold that she flipped blue in 2018. Porter is competing against Republican Scott Baugh, an attorney who previously served in the California state assembly and chaired the Orange County Republican Party for over a decade.

☆ Snap, Meta shares pop after FCC commissioner says U.S. should ban TikTok
▼ + stars: | 2022-11-01 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Brendan Carr, FCC Commissioner, speaking at the State of the Net Conference 2019 at the Newseum in Washington, DC. Shares of U.S. social media companies Snap and Meta spiked on the news that a Federal Communications Commissioner said the U.S. government should ban TikTok. "I don't believe there is a path forward for anything other than a ban," Republican Commissioner Brendan Carr told Axios in an interview. Snap shares were up 6% and Meta shares were up 4% Tuesday afternoon. "Commissioner Carr has no role in the confidential discussions with the U.S. government related to TikTok and appears to be expressing views independent of his role as an FCC commissioner," a TikTok spokesperson said a statement.

☆ An American Helped Build a Business Inside China. Clients Want Him to Leave.
▼ + stars: | 2022-10-29 | by ( Jason Douglas | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling tools and kitchen products elsewhere. Yet “there’s nothing like China,” he added. “We’ve built this supply chain for 30 years to work like a Swiss clock. There’s just nothing like it.”

☆ Marketers Brace to Defend Their Ad Budgets in an Unsteady Economy
▼ + stars: | 2022-10-28 | by ( Megan Graham | ) www.wsj.com time to read: +5 min

ORLANDO, Fla.—An opening session of a major marketing conference this week included a quick mention of a conversation many industry executives expect to be having soon. As the ad industry braces for whatever broader macroeconomic troubles come its way, its executives expect history to repeat itself: When the economy sputters, companies frequently reduce their ad and marketing budgets. Bob Liodice, chief executive of the Association of National Advertisers, at its conference this week in Orlando. The 4A’s has put together a paper on “recession-profing,” which argues that defending marketing budgets is synonymous with maintaining brand health long-term and keeping customer advocates. The consulting firm Analytic Partners promised during a virtual-only workshop to help marketers defend their spending to the C-suite.

☆ McDonald's beats sales estimates on boost from pricier menu
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

Oct 27 (Reuters) - McDonald's Corp (MCD.N) beat quarterly comparable sales estimates on Thursday, helped by higher menu prices and an increase in restaurant traffic from inflation-weary customers looking for value meals. Chipotle Mexican Grill Inc (CMG.N) on Tuesday also beat quarterly sales and profit estimates as it passed on higher prices to customers. Comparable sales for McDonald's in the United States, the company's biggest market, rose 6.1% in the reported quarter helped by higher prices. Analysts have noted that an easing in gas prices also boosted third-quarter restaurant sales in the United States in general after a slowdown in June. That still beat estimates of $5.69 billion.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

Weber , which went public in August 2021 and is trading at half its offering price, is the latest example of a recent IPO to attract a bid to go private. Recent IPOs ducking for the door First, to understand why we selected these criteria, let's look at the recent deals. Kennedy Lewis' $4 per share cash offer was an 83% premium to F45's closing price ahead of the deal announcement, even though it was far below the stock's $16 IPO price. Even with the lift from the deal news, shares are only trading at less than half its $14 IPO price. Private equity company AEA Investors had a 28.4% stake in the company, and CEO Jeremy Andrus owns an 11% stake, according to FactSet.

☆ Stocks making the biggest moves midday: Harley-Davidson, Visa, Microsoft, Biogen and more
▼ + stars: | 2022-10-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Harley-Davidson — Shares of the motorcycle company climbed 13% after Harley reported quarterly earnings beat top- and bottom line estimates. The per share loss was 0.99 euros per share on 3.04 billion of euros in revenue. Analysts surveyed by Refinitiv were expecting a loss of 0.85 euros per share and 3.02 billion of euros in revenue. Visa reported earnings of $1.93 per share on revenue of $7.79 billion. CMG reported revenue of $2.22 billion versus the $2.23 billion expected by analysts surveyed by Refinitiv.

☆ Chipotle beats quarterly sales estimates on steady demand
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] The logo of Chipotle is seen on one of their restaurants in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew KellyOct 25 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) on Tuesday reported quarterly higher sales that topped Wall Street expectations, as higher menu prices did not dissuade the restaurant's affluent customers from digging into its burritos and rice bowls. Comparable sales at the California-based chain jumped 7.6% in the third quarter ended Sept. 30, while analysts on average had expected a 7.3% rise, according to Refinitiv IBES. Shares of the company rose 1% in extended trading. Shares of the company rose about 4% in extended trading, as its restaurant level margin also rose to 25.3% from 23.5% a year earlier.

☆ Chipotle’s Increase in Burrito Prices Contributes to Store-Sales Boost
▼ + stars: | 2022-10-25 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

Chipotle says it has raised prices several times in the past 12 months. Chipotle Mexican Grill said consumer demand remained strong for its burritos and bowls even after it raised prices again in recent months, though the chain’s chief executive said inflation is wearing on some consumers. The burrito chain said Tuesday its same-store sales grew 7.6% in the third quarter ended Sept. 30 compared with the same period last year. Higher prices helped drive some of the increase, with its average menu prices 13% higher compared with the same period last year, the company said.

☆ Chipotle says price hikes lift revenue as customers show ‘minimal resistance’
▼ + stars: | 2022-10-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts' expectations as another round of price hikes hit its menus. CEO Brian Niccol said that the company saw "minimal resistance" to higher menu prices during the quarter, although transactions declined 1%. The company reported paying more for dairy, tortillas, avocados, packaging and labor. For the fourth quarter, Chipotle is predicting same-store sales growth in the mid- to high-single digits.

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