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Let's breakdown the potential breakout in Shake Shack (SHAK) . Shake Shack recently reported exceptional earnings and the stock has jumped on strong trading volume. On the way back we stopped at Shake Shack in the Denver airport and the consensus was 8 out of 10. On Feb 15, SHAK reported earnings and revenue ahead of expectation. Breaking down the chart Turning to the technicals, the breakout through the $80 resistance level on significant volume following those fourth-quarter earnings was very impressive.
Persons: Shake Shack, SHAK, Randy Garutti, Gordon Organizations: Shake, Edge Locations: San Diego, U.S, Breckenridge, Denver, West Coast, East Coast
Read previewThe year of the chicken nugget (2017) and the chicken sandwich wars (2019) might have paved the way for fried chicken's latest role: star of a Netflix show. Next month, the streaming giant is releasing a bizarrely fun-looking comedy based on a Korean web cartoon called, fittingly, "Chicken Nugget." 🐣 Premiering March 15 pic.twitter.com/syGYVrzZS7 — Netflix (@netflix) February 15, 2024The premise of "Chicken Nugget" is silly, of course — but the show underscores the bird's soaring global popularity. And in the early 1960s, a renowned Cornell University professor engineered one of the Ivy League's greatest contributions to humanity: the frozen chicken nugget. It's unclear if the young woman in the forthcoming Netflix series turns into a particular flavor of chicken nugget.
Persons: , ike, ince, ounger,, oung Organizations: Service, Netflix, Business, ust, EO Locations: oman
Yes, grocery prices are up a lot, but not nearly as much as some people claim, and the big surge is behind us. After all, I remember the inflation truthers of the early 2010s, who refused to believe that their predictions that easy money would cause runaway inflation had been wrong, and insisted instead that the government must be cooking the books. For whatever reason, however, the vehemence — and sheer silliness — of the grocery truthers took me by surprise. And maybe I can use this moment to show why that’s a bad idea. I know that it was less, but off the top of my head I can’t tell you by what percentage.
Persons: We’ve
S&P 500 futures are near flat Monday night as the market rally took a breather. Futures tied to the broad index and Nasdaq 100 futures both traded near flat. Those moves follow a losing day on Wall Street that pulled the Dow and S&P 500 off record highs seen last week. The Dow and S&P 500 slipped 0.16% and 0.38%, respectively, while the technology-heavy Nasdaq Composite inched lower by 0.13%. "You're digesting so much of what happened last week with big earnings, and then you have big data on the horizon."
Persons: Ross Mayfield, Baird, They'll, Mayfield Organizations: New York Stock Exchange, Dow Jones, Unity Software, Dow, Walgreens Boots Alliance, Virgin Galactic, PCE Locations: New York City, U.S, PCE
Read previewGoogle spent much of last week getting hammered for supposedly creating a "woke" AI chatbot and eventually apologized for "missing the mark." AdvertisementBut it's also going to be a problem for Google because it has already said it is trying to influence the way its AI produces results. And that's going to be red meat for anyone who wants to argue that Google — or any other Big Tech company — is "too woke." Last week, after getting similar criticism about the way Gemini handled race when it came to AI-generated images, Google "paused" Gemini's ability to create images. Pulling Gemini altogether would be a considerable black eye for the company, and one I think it will be incredibly reluctant to do.
Persons: , Ben Thompson, Gemini, Hitler, Elon Musk's, Thompson, Sundar Pichai, Marc Andreessen, it's, they're, Prabhakar Raghavan, Raghavan, Google's, I'm Organizations: Service, Business, Google, Meta, Microsoft, Big Tech, Gemini
Luckin, which already calls itself China’s biggest coffee chain, says it had surpassed Starbucks in mainland China by number of outlets in 2019. By the end of 2023, Luckin had 16,218 stores in China, nearly double its 2022 count of more than 8,200. Starbucks’ outlets in China are entirely company-owned. The number of branded coffee shops in China jumped 58% in the past twelve months, reaching 49,691 outlets, according to a December report by World Coffee Portal. Making a comebackBy 2019, the company had outnumbered Starbucks stores in China, with more than 4,500 outlets, according to the company.
Persons: Luckin, , Jinyi Guo Organizations: Hong Kong CNN, Nasdaq, Starbucks, CNN, International Coffee Organization, Daxue Consulting, Visual China, Centurium, US Securities and Exchange Commission Locations: China, Hong Kong, Singapore, Xiamen, United States, Beijing, New York, American
Earlier in the session, the conglomerate's stock reached all-time highs, following strong operating earnings in its fourth quarter. Pilgrim's Pride — Shares climbed 6.2% after the meat processing company beat Wall Street's expectations for the fourth quarter. Amer Sports — The athletic retailer climbed 3% on the back of a slew of bullish calls from Wall Street analysts. Fresh Del Monte Produce — Shares fell 2% after the agriculture company reported quarterly results that fell short of expectations. Revenue of $1.01 billion was lower than the consensus estimate of $1.03 billion.
Persons: Berkshire Hathaway —, Morgan Stanley, Pilgrim's, FactSet, Wilson, Arc'teryx, — CNBC's Brian Evans, Michelle Fox, Lisa Kailai Han, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: Berkshire, U.S . Securities, Exchange Commission, Amer, Wall Street, Micron Technology, , HSBC, Alcoa —, Alcoa, Fluence Energy, Susquehanna Financial, Produce, FactSet, PPG, PPG Industries Locations: FactSet ., U.S, Canada
Read previewAfter a two-and-a-half-week vacation in the Philippines in 2016, Corey Fraser realized he didn't want to go back to his regular life in the US. Corey Fraser and his wife, Rachel. In 2022, Fraser retired early and moved to the Philippines with his wife, Rachel. AdvertisementSince foreigners can't own land in the Philippines, Fraser signed a 25-year leasehold contract on the land instead, with the right to extend his lease for an additional 25 years. Corey FraserIt's been over two years since Fraser moved to the Philippines, and he says he's much happier and healthier than he used to be.
Persons: , Corey Fraser, Fraser —, Fraser, Rachel, Corey Fraser It's, Chicago — I'm, Chicago —, I'm, it'll Organizations: Service, Business, YouTube Locations: Philippines, Portland, , Chicago, Negros, Manila
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
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
AdvertisementVitamin DGreger takes a vitamin D supplement every day. Most people get enough vitamin D from sunlight, but those living in colder climates are unlikely to get enough during winter and fall. "People eating a plant-based diet must ensure a regular, reliable source of vitamin B12 throughout their lifespan," Greger said. Vitamin B12 is generally considered safe, even at high doses, and has no established maximum dose, according to Healthline. AdvertisementAlgae-based DHAGreger takes an algae-based DHA supplement daily for brain health and cognitive function, he said.
Persons: , Michael Greger, Greger, Loma, They're, there's, Ginger Organizations: Service, Business, USP, American Cancer Society, National Institutes of Health, Cleveland Clinic, B12, Harvard Medical School, Greger Locations: Sardinia, Italy, Loma Linda, California
CNN —What you eat and don’t eat can reduce your risk of medical conditions such as heart disease and cancer and increase life expectancy, according to decades of research. Studies have linked highly processed meat with negative health outcomes, so once again look for minimally processed whole foods. I’d also urge them to cut out ultraprocessed foods, which includes junk food like chips and candies. This is not easy to do because of the sheer amount of sugar-sweetened beverages and ultra-processed food around us. If so, you may end up consuming primarily ultra-processed food, including fast food.
Persons: Leana Wen, Wen, I’d, We’ve Organizations: CNN, George Washington University
Each summer — when we're not homeschooling — the kids help me plan the meals for the next school year. AdvertisementWhile the oven preheats for the nuggets, I have one of my kids help me peel the potatoes. Lisa Tanner for InsiderQuick fish sandwiches made with frozen fish fillets, hamburger buns, and lettuce are usually on rotation for seafood nights. Lisa Tanner for InsiderWhen we need a quick option for sandwich night but are tired of cold sandwiches, meatballs come to the rescue. The kids help me peel potatoes, and we start them in the Instant Pot for 10 minutes on high pressure.
Persons: I've, , we're, We've, Read, Lisa Tanner, Alfredo, Patrick's, It's, it's, everything's Organizations: Service, Costco, Better Locations: St, dinnertime, Beijing
“Minors were used to clean dangerous kill floor equipment such as head splitters, jaw pullers, meat bandsaws, and neck clippers,” the Labor Department said in a news release Wednesday. CNN has reached out to Fayette Janitorial Services and STF for comment. To fulfill janitorial service contracts, the janitorial company employed at least 24 children between the ages of 13 and 17 to work overnight shifts cleaning dangerous equipment, the complaint says. According to the filing, the janitorial company employed 15 children, as young as 13-years-old, in Virginia and at least nine children in Iowa on its overnight sanitation shifts. On January 10, 2022, Fayette hired one minor “to work the overnight sanitation shift at the Perdue Facility, when he was 13 years old,” said the complaint.
Persons: , Perdue, , Fayette, Seema Nanda, ” Nanda Organizations: CNN, U.S . Labor Department, Labor Department, Labor, Seaboard Triumph Foods, Perdue, , Perdue Facility, Fair Labor Locations: Tennessee, Fayette, Sioux City , Iowa, Accomac , Virginia, Virginia, Iowa
Starbucks has launched a pork-flavored coffee in China. The Seattle-based coffee giant recently rolled out a pork-flavored latte in China for the Chinese New Year season that started on February 10. The pork-flavored coffee has gone viral on Chinese social media — mostly because people were wondering if it's for real. The Starbucks beverage is far more expensive than rival Luckin Coffee, which can cost as little as $1.40 thanks to aggressive discounts. Sales of Luckin Coffee overtook Starbucks in China in the second quarter of last year.
Persons: , Savory Latte, Lucky Savory Latte, Instagram, Luckin Organizations: Starbucks, Service, Business Locations: China, Seattle, Shanghai, Starbucks China, Hong Kong
Beyond Meat introduces new, healthier burger
  + stars: | 2024-02-21 | 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 EmailBeyond Meat introduces new, healthier burgerCNBC’s Kate Rogers speaks with Beyond Meat CEO Ethan Brown on the company’s introduction of a new, healthier burger with less saturated fat and sodium. The product will be sold in retail stores to start.
Persons: Kate Rogers, Ethan Brown
The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodiumBeyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. The plant-based meat category, once buzzy, has lost consumers' interest. Retail sales of meat alternatives had fallen 33.6% compared with a year ago as of Jan. 28, according to Circana data. "For the last several years, there have been a combination of campaigns and other efforts to try to poison the well, regarding the health benefits of plant-based meat," Brown said. Critics have attacked plant-based meat from Beyond and its rivals as processed and full of chemicals.
Persons: Ethan Brown, Brown, we've, Critics, — Kate Rogers Organizations: CNBC, Stanford University School of Medicine
First-quarter revenue is expected to be $175 million to $215 million, far below the $406 million forecast. Teladoc posted $661 million in revenue, below the $671 million consensus forecast from LSEG, formerly known as Refinitiv. Wingstop — The restaurant chain slipped 4% despite reporting fourth-quarter earnings and revenue that topped analysts' estimates. However, total revenue growth came down for the fourth consecutive quarter. Wix.com reported fourth-quarter earnings of $1.22 per share, more than the consensus estimate from StreetAccount of earnings of 96 cents per share.
Persons: SolarEdge, Teladoc, Alan Shaw, , Dow, Wingstop, Wix.com, CNBC's Hakyung Kim, Michelle Fox, Lisa Kailai Han, Jesse Pound, Samantha Subin, Yun Li, Sarah Min Organizations: Nvidia, Wall, Palo Alto Networks, Toll, Norfolk Southern, Barclays, Walgreen Boots, Dow Jones, Walgreens, Alliance, Dow Jones Industrial, Walgreens Boots Alliance, HSBC —, HSBC, Bank of Communications, Garmin —, Garmin Locations: Palo, billings, LSEG, U.S, China
Hong Kong CNN —Who doesn’t like a little braised pork with their coffee? Starbucks (SBUX) is betting on that unusual combination with a new drink released in China to mark the Lunar New Year. The drink combines Dongpo Braised Pork Flavor Sauce with espresso and steamed milk, with extra pork sauce and pork breast meat for garnish, according to the Starbucks delivery app. And while the foods served at New Year feasts vary by region, braised pork makes a frequent appearance. The Starbucks pork latte has quickly gained traction on Chinese social media, with the topic viewed more than 476,000 times on Weibo by the time of publishing.
Persons: Savory Latte, Su Dongpo, it’s, , Organizations: Hong Kong CNN, Shanghai Starbucks Reserve, Starbucks Reserve, United, Starbucks, Luckin, Shanghai, Weibo Locations: China, Hong Kong, Weibo, Asia, People, United States, Wuhan
Here's what my partner and I usually get for $350 in our high-cost-of-living California city. AdvertisementWe usually pick up variety packs of Poppi, which contain prebiotics for gut health and have fewer calories and added sugars than most sodas. There are few places to grab bagels around my home now, so the bagels at Costco are a decent replacement. Instead of using cream cheese, I put Laughing Cow spreadable cheese on my bagel, preferably the light option if Costco has it. It's a good substitute for unhealthier snacks, and a pack of 60 only costs us about $10 at Costco.
Persons: , we're DINKs, Jacqueline Gualtieri, we're, Ade kombucha, Costco's, Caesar, Costco Jacqueline Gualtieri, Gualtieri, We've, Kirkland Organizations: Service, Area, Business, Costco, Del Real Foods, Kirkland Locations: Central Coast, Monterey, California, Del Real, Italian
Eating a healthy diet can lower the risk of developing cardiovascular disease. A dietitan shared three surprising foods that are good for heart health. She endorses taking a whole diet approach to improving heart health, meaning that it’s what you eat most of the time that matters. Taylor shared three surprising foods that are good for heart health. Taylor said rapeseed oil, sometimes sold as vegetable oil, is a good option for heart health, particularly for people on a budget.
Persons: , Victoria Taylor, , Taylor Organizations: Service, British Heart Foundation, FDA, Business
At least 30,000 Russian soldiers had been killed or wounded, say Ukraine. AdvertisementRussia suffered huge losses in the battle for the strategic town of Avdiivka before ultimately capturing it. Russia lost more than 400 tanks and armored vehicles and "likely thousands of personnel," per the UK Ministry of Defense. He also said that at least 30,000 Russian soldiers had been injured in the battle, per The Telegraph. AdvertisementThere are no figures on the losses Ukraine has suffered in the bloody battle, though they to could also be significant.
Persons: Avdiivka, , Oleksandr Syrskyi, Wes, Tim, bec Organizations: Service, Armed Forces of, Facebook, Russia, UK Ministry of Defense, Latest Defence, Ukraine –, Defence, kr Locations: Russia, Ukraine, Ukrainian, Avdiivka, Donbas, Armed Forces of Ukraine
A Wakhi woman and her yak in Avgarch Village, one of the oldest settlements of Hunza Valley that's only accessible by foot. In a little-known mountainous area called Hunza Valley, located far north of Pakistan, people seem to defy all medical odds. They consume apricot seeds and oilApricot trees are one of the most important local crops in the valley. Studies have shown that apricot seeds can help fight cancer and other sources of inflammation in the body, in part due to a compound called amygdalin. A shiny, dark-grey liquid, "Hunza water" has long held the interest of scientists.
Persons: Samantha Shea Organizations: U.S Locations: Avgarch Village, Hunza, Pakistan, Patundas, Upper Hunza, Chapursan
Start-up companies around the world are competing to develop technologies for producing chicken, beef, salmon and other options without the need to raise and slaughter animals. Now, a measure in Florida that would ban sales of laboratory-grown meat has gained widespread attention beyond state borders. The bill, which is advancing through the Florida Legislature, would make the sale or manufacture of lab-grown meat a misdemeanor with a fine of $1,000. It’s one of a half-dozen similar measures in Arizona, Tennessee, West Virginia and elsewhere. Opponents of lab-grown meat include beef and poultry associations worried that laboratory-made hamburgers or chicken nuggets could cut into their business.
Organizations: Department of Agriculture, Florida Legislature Locations: China, United States, Florida, Arizona , Tennessee, West Virginia
London CNN —British Prime Minister Rishi Sunak is facing difficult questions after his governing Conservative Party lost two seats in parliament on Thursday. The Conservative Party traditionally beats Labour on issues like economics and immigration. Of particular concern to Conservatives is the rise of Reform UK, the new party of Nigel Farage. As leader of both the UK Independence Party and the Brexit Party, he forced the Conservatives into increasingly right-wing positions. He is honorary president of Reform UK but still has a habit of forcing issues onto the news agenda.
Persons: Rishi Sunak, Sunak, , Nigel Farage, Farage, David Cameron, Liz Truss, Boris Johnson, isn’t Organizations: London CNN, British, Conservative Party, Labour, Reform UK, Conservatives, UK Independence Party, Brexit Party, UKIP, EU, Conservative, Reform, Sunak Locations: England, France, Israel
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