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☆ Don't see why Fed wants to take 'baby steps' with rate cuts, says JPMorgan's Feroli
▼ + stars: | 2024-08-02 | 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 EmailDon't see why Fed wants to take 'baby steps' with rate cuts, says JPMorgan's FeroliMichael Feroli, JPMorgan chief U.S. economist, joins 'Money Movers' to discuss Feroli's expectations for rate cuts, Friday's jobs report in context with other economic data, and more.

Persons: JPMorgan's Feroli Michael Feroli Organizations: JPMorgan

☆ Charli XCX's 'Brat' era is making remixes fun again. Other pop stars should take note.
▼ + stars: | 2024-08-02 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

Read previewBillie Eilish has gleefully joined the extended "Brat" universe with her featured spot on "Guess," a fan-favorite track from Charli XCX's latest album. Related storiesNow, with "Guess," Eilish enters as both a foil and hopeful love interest. She sing-raps as if she's responding to Charli's original lyrics, breaking the fourth wall with a seductive wink: "Charli likes boys, but she knows I'd hit it." In the "Guess" remix, Charli tweaks her own verse as a nod to Eilish's new era: "Wear 'em, post 'em, might remix it / Eat it up for lunch, yeah, it's so delicious." Each "Brat" remix is arguably as good as the original, yet distinct and unique in its own right.

Persons: —, Billie Eilish, Charli, Eilish, Addison Rae, Robyn, Yung Lean, Rae, Timbaland, Justin Timberlake, Nelly Furtado's, doesn't, — it's, Julia, George, Sophie, Julia Fox, Cook, Charli's fiancé George Daniel, They're, Ariana Grande, Taylor, Mariah Carey, Justin Bieber, they've, it's Organizations: Service, Business Locations: Dua

☆ Consolidation with the smaller banks 'appreciated regardless' of election: Gabelli's Macrae Sykes
▼ + stars: | 2024-07-30 | 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 EmailConsolidation with the smaller banks 'appreciated regardless' of election: Gabelli's Macrae SykesMacrae Sykes, Gabelli Investors portfolio manager & global research analyst, joins 'Fast Money' to talk the state of regional banks, the impact of the economy on the space, and more.

Persons: Gabelli's Macrae Sykes Macrae Sykes Organizations: Gabelli

☆ Putin's Wagner Group mercenaries got thrashed in the African desert — and Ukraine says it helped
▼ + stars: | 2024-07-30 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewUkraine's defense intelligence claimed a role in a recent battle in Africa — where separatist rebels destroyed a detachment of Russian Wagner Group mercenaries fighting overseas. The paper published a photograph of Malian separatist forces holding up a Ukrainian flag, an apparent expression of solidarity with the country. The battle killed Wagner Group commander Sergei Shevchenko, Razguzra Vagnera said. The separatist group that claimed responsibility for the attack is the Permanent Strategic Framework for Peace, Security and Development, or CSP-PSD, the BBC reported. The CSP-PSD opposes Mali's junta, which has been propped up by the Wagner Group for several years.

Persons: —, Andriy Yusov, Razgruzka, Wagners, Wagner, Sergei Shevchenko, Razguzra Vagnera, Nikita Fedyanin, Nusrat al, Muslimin, Assimi Goïta, Goïta, ACSS, Yevgeny Prigozhin Organizations: Service, Russian Wagner Group, Main Intelligence, Kyiv Post, Business, Wagner, Malian, BBC, Russian Telegram, Astra, BI, Telegram, Wagner Group, Peace, Security, PSD, Mali's, Pentagon, Africa Center, Strategic Studies, Group Locations: Africa —, Ukraine, Kyiv, Russia, Tinzaouaten, Mali, Russian, Islam, Africa

☆ 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

☆ I spent 3 nights in Asia's least visited country. It also turned out to be the most expensive.
▼ + stars: | 2024-07-24 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +6 min

AdvertisementIt's one of the world's least-visited countries, making airfare and hotel rates more expensive than many countries in Asia. Only two airlines — the Indonesian low-cost carrier Citilink and the local airline Aero Dili — fly between Bali and Dili. Marielle DescalsotaCost of hotel stay for three nights: $500Timor-Leste only has a handful of three-star hotels and no luxury accommodations. I booked an entry-level room for three nights at Timor Plaza Hotel & Apartments for around $500, including tax. For activities, I spent $30 on a massage at a traditional Chinese spa and $50 on a half-day scuba diving trip at the coast.

Persons: —, I've, It's, what's, Cristo Rei, Hilton, Burger King, Gloria Jean's, nasi goreng Organizations: Service, Business, Leste, Indonesia, United Nations, Development, Aero Dili, Timor Plaza, Apartments Locations: Europe, Asia, Maldives, Bangkok, Kuala Lumpur, Timor, —, South, Connecticut, Development Asia, Indonesia, Australia, Bali, Dili, Darwin, stopovers, Singapore, Tokyo, guesthouses, Timor Leste

☆ Even politicians want to have a 'brat' summer
▼ + stars: | 2024-07-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Read previewEven Kamala Harris wants to be a "brat" this summer. Harris is not the first politician to embrace the viral "brat summer" for political gain. So what exactly is a 'brat' summer? Social media has run with the idea of the "brat" summer, and the album's aesthetics have taken on a life of their own. Having a "brat" summer has become less about the album — and more about a state of mind.

Persons: —, Kamala Harris, Harris, Kamala, Jeremy Corbyn, Joseph Okpako, Z, It's, Joe Biden, Donald Trump, Charli, Biden, President's, Katie Notopoulos Organizations: Service, Democratic, Business, Labour Party, UK's Greens, Fire, Trump Locations: British, Denmark

☆ I spent $135 to have dinner in a cave in Bali. The food was delicious, but there are better ways to experience the island.
▼ + stars: | 2024-07-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Clift told me when we met earlier this year in Singapore. Advertisement"The Cave is arguably the most distinctive fine dining experience in Bali," Widyasari said. Amanda Goh/Business InsiderThe restaurant has 22 seats, so I made a dinner reservation a few weeks before my trip. Amanda Goh/Business InsiderGetting ready for dinnerOn the night of my visit, it was a full house. Amanda Goh/Business InsiderThe first course was a bite-sized crispy pancake topped with bechamel, truffle, and egg-yolk gel.

Persons: —, Ryan Clift, Caroline Usher, Clift, Amanda Goh, It's, it's, Gita Widyasari, Widyasari, amberjack tartare, Mille, Feuille, Turbot, Manjari, Tay Chan Yong, Tay Organizations: Service, Tippling Club, Business, Jacada, Michelin Locations: Singapore, Bali, Asia Pacific, TikTok, Uluwatu, Italian, Australian

Read previewMemes and celebrity endorsements have already set the tone for Kamala Harris' presidential campaign. Kamala HQ instead posted a Venn diagram, with the two outer circles, "Biden HQ" and "Kamala HQ" merging to form "holding Trump accountable." Across the social media landscape, the energy is palpable, said David Karpf, a professor of media and public affairs at George Washington University. "When you've got a good social media team that has arrived at a cultural moment and pent-up enthusiasm, they get to play with it." While Harris' team is focusing on younger voters and voters of color, the appeal of social media transcends age, North said.

Persons: —, Kamala Harris, Joe Biden, Biden's, Kamala, Harris, Biden, Kamala HQ's, kamala, Hawaii Sen, Brian Schatz, y8baSx44FL — Brian Schatz, Jared Polis, David Karpf, Obama, Karpf, you've, It's, Karen North, Charlie XCX, Hillary Clinton —, Hillary Clinton, Phoenix Andrews, Trump, Logan, Dana White's, They've, Gen Z Organizations: Service, Business, Trump, George Washington University, USC Annenberg, University of Aberdeen, UFC Locations: Hawaii, Colorado

Indonesia ranks as one of the world's biggest contributors to ocean plastics, and a lot of it comes from rivers. The local nonprofit Sungai Watch saves about 3 metric tons of trash from entering the ocean every day with simple barriers and manual labor. We visited the island of Bali to meet the three young siblings behind the nonprofit and learn why a tropical paradise has a huge trash problem.

Organizations: Sungai Watch Locations: Indonesia, Bali

☆ Expect a Fed rate cut in September with quarterly cuts thereafter: JPMorgan's Michael Feroli
▼ + stars: | 2024-07-15 | 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 EmailExpect a Fed rate cut in September with quarterly cuts thereafter: JPMorgan's Michael FeroliChris Harvey, Wells Fargo Securities head of equity strategy, and Michael Feroli, JPMorgan chief U.S. economist, join 'Squawk on the Street' to discuss the supposed market rotation, Feroli's calculations towards the rate path, and much more.

Persons: JPMorgan's Michael Feroli Chris Harvey, Michael Feroli Organizations: Wells, Wells Fargo Securities, JPMorgan Locations: Wells Fargo

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ I've traveled to 20 countries in 2 years. I found the most stunning coast in one of the least-visited countries.
▼ + stars: | 2024-07-05 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +8 min

Last month, I traveled to Timor-Leste, a country located in the South Pacific. It's also the 14th least-visited country in the world and the least-visited in Asia, according to a January report from CEOWorld magazine. Some 81,000 tourists visited Timor-Leste in 2023 — putting it just ahead of Chad and Sierra Leone, per the report. Marielle DescalsotaOnly a handful of airlines fly to Dili, the capital, where the only international airport in Timor-Leste is located. As I grew up in Singapore and can speak some Indonesian, when locals didn't speak English, that was my fallback language.

Persons: —, I've, France —, It's, Fernando, Hilton, nasi goreng —, 9Milhas, Gloria, Jesus Christ —, Marielle Organizations: Service, Leste, South Pacific, Business, National Statistics Directorate Timor, YouTube, Google, Timor Plaza, Apartments, East Timor Centavo, US Department of State, Burger, Coffee, Cristo Locations: Maldives, France, Timor, South, Bahamas, Asia, Chad, Sierra Leone, Dili, Bali, Indonesia, Darwin, Australia, Dili's, sightsee, East Timor, Indonesian, Singapore, Marielle, Cristo Rei, It's, Angola

Hong Kong CNN —There are a lot of princesses at Hong Kong Disneyland, but not the ones you think. Hair carefully coiffed, and in full makeup Liang Xiaoyu, 18, is dressed for a day out at Hong Kong Disneyland. Noemi Cassanelli/CNNAnd at Hong Kong Disneyland, Disney characters aren’t the sole fashion inspiration for dedicated fans. Li Mengru, 27, poses for a picture during an interview with CNN, at the entrance of Hong Kong Disneyland on June 7, 2024. Yang Yushen, who also goes by Kris, and his partner Jimmy Redinger like the romantic side of Hong Kong Disneyland.

Persons: “ Duffy, ”, Liang Xiaoyu, Noemi Cassanelli, CNN Liang, Mary Janes, Duffy, Qin Wuxiao, Jessie, it’s, Charmy Chan, Yanni Chung, Judy, Nick Wilde, “, Chan, CNN Oscar Yim, Captain America, Marvel, CNN Jing Hongche, Li Sitan, CNN Charmy Chan, Chung, Li Mengru, Chen Xinyu, Li, Chen, Linda Lee, CNN Li, Cassanelli, Yang Yushen, Kris, Jimmy Redinger, Ankh Wong, Kris Yang, Yang, Zootopia, Hercules ”, Redinger, Disney, Mariko Otomo, Nozomi Yasuda, Yuka Izawa, CNN Otomo, China’s “ meng ”, Mariko Otomo kitted, Deng Chundan, CNN Deng Chundan, Le, Godiva, Chow Tai, Gen, ” Shen Jing, CNN Linda Lee, CNN Chen Xinyu, CNN Lee, CNN Chen, lacy Organizations: Hong Kong CNN, Disney, CNN, Hong Kong Baptist University, USA, Captain, Hong Kong Disneyland, Marvel, “, Hong, Hong Kong Tourism, Hong Kong Locations: Hong Kong, Guangzhou, Hong, China’s Fujian, Guangdong, Japan, Arendelle, Tomorrowland, Tsim Sha Tsui, China, Southeast Asia, Philippines, Thailand, Singapore, South Korea, Grizzly Gulch, United States, Chinese, Hebei, Asia, Hangzhou

☆ 9 tips for making the perfect burger at home, according to Chili's head chef
▼ + stars: | 2024-07-03 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Brian Paquette, the head of culinary at Chili's, shared his tips for making the perfect burger. He said a great burger starts with the right kind of beef and a "really clean, really hot" grill. AdvertisementFourth of July weekend means cooking out, and the process of making the best burger for your guests starts in the grocery store. That's according to Brian Paquette, the head of culinary at Chili's, who spoke with Business Insider about how to make a restaurant-quality burger at home, from the meat he buys to his best grilling hacks and go-to toppings. This story is available exclusively to Business Insider subscribers.

Persons: Brian Paquette, — Organizations: Service, Business

☆ A millennial couple moved to Bali 2 years ago. Making friends was one of the hardest parts.
▼ + stars: | 2024-07-02 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

Nadia Rose and her partner, Steve Willis, moved from Kuala Lumpur, Malaysia's capital, to Bali in July 2022. Friendships can be hard to forgeIt might be harder to form lasting friendships in Bali than you think. The island can feel like a very transient place, with all the people who come and go from Bali, especially within the expat community, Rose said. Related storiesFor almost a year after they arrived in Bali, Rose said they were so caught up in trying to settle down into their new lives that they weren't able to make any new friends. Things in Bali can be as cheap or as expensive as you'd likeThere's a common refrain that things in Bali are cheap — and that's not necessarily true, Rose said.

Persons: —, Nadia Rose, Steve Willis, Rose, I've, that's, haven't, Denpasar, Bali —, nasi goreng — Organizations: Service, Business, Facebook Locations: Bali, Indonesian, Kuala Lumpur, Malaysia's, Malaysia

☆ The 15 biggest fast-food chains in the US, ranked
▼ + stars: | 2024-07-01 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Technomic data analyzed by Nation's Restaurant News ranks the top 15 US fast-food restaurants. McDonald's topped the list as the biggest fast-food chain in the country. Starbucks, Chick-fil-A, and Taco Bell also ranked highly. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From McDonald's to Taco Bell, quick-service and fast-casual chains fared far better last year compared to casual-dining chains like Chili's and Applebee's, Restaurant Business reported in June.

Persons: Taco Bell, —, Taco Organizations: Nation's Restaurant, Service, Taco Bell, Restaurant Business, Business

☆ The best songs this summer sound like total nonsense. That's a good thing.
▼ + stars: | 2024-06-30 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +7 min

"Brat," along with viral hits like Sabrina Carpenter's "Espresso" and Tinashe's "Nasty," have ushered in a season of pleasure and levity — what my friends and I have been calling a "smooth brain summer." The primary lure of pop music has always been escapism. Indeed, we've lived in a pop world dominated by Taylor Swift and refashioned in her likeness for several years. These peculiar bops form the perfect foundation for a "smooth brain summer" soundtrack — though please note that doesn't mean they're devoid of value or meaning. An appetite (and a need) still exists for complex metaphors, history lessons, and personal revelations in pop music — but now is not the time.

Persons: —, Mitski, Noah Kahan, Ethel Cain, bumpin, Sabrina Carpenter's, ure, ike, ike O livia R odrigo, l, odrigo, ake, ould, ike T ikTok, ong, abel, alue Organizations: Service, Business, DJ, ust

This story is available exclusively to Business Insider subscribers. AdvertisementWhile this data was limited to fast-food chains, the trend extends to casual-dining burger chains like Chili's and Applebee's. We've already tried the Big Smasher, but we wanted to see how the other burgers on Chili's menu fared in terms of taste and value. Business Insider coordinated with Chili's Grill & Bar to organize this taste test at our local restaurant, but BI paid for the meal, and the chain had no influence on our ranking. AdvertisementHere's every Chili's burger, ranked from worst to best.

Persons: —, Chili's, Kevin Hochman, Big, We've Organizations: Service, Triple, Business, Brinker International, Big Mac, Restaurant Business, Chili's

☆ There is one year worth of demand sitting in Chinese savings: McKinsey China
▼ + stars: | 2024-06-25 | 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 EmailThere is one year worth of demand sitting in Chinese savings: McKinsey ChinaJoe Ngai, Greater China Chairman for McKinsey discusses Chinese Premier Li's speech to the World Economic Forum in Dalian, saying the world needs to get used to slower growth in China.

Persons: McKinsey China Joe Ngai Organizations: McKinsey China, McKinsey, Economic Locations: China, Dalian

☆ Chili's, Applebee's, and other casual dining chains are having a moment
▼ + stars: | 2024-06-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Casual restaurants like Applebee's and Chili's are winning customers, some from fast-food joints. Diners are finding that a sit-down meal at the chains doesn't cost much more than a McDonald's. The latest round of discounts at both kinds of restaurants is making it easier to find a cheap meal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMcDonald's will start offering a $5 meal on Tuesday.

Persons: —, Burger Organizations: Service, Business

☆ Olive Garden's parent company says it's luring diners in by not raising prices as much as rivals — even if it's not offering hefty discounts
▼ + stars: | 2024-06-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewOlive Garden's parent company says the Italian chain is bucking industry traffic trends and luring in diners by not raising prices as much as its competitors. Despite this, Olive Garden's same-restaurant sales in the quarter fell by 1.5% year-over-year, Vennam said. Olive Garden's average prices went up by about 1% in the quarter, he said. Olive Garden is planning to increase prices by between 2.5% and 3% over the next year, Vennam said. AdvertisementBut Olive Garden's approach of focusing on low prices generally rather than offering hefty discounts was more sustainable in the long run, he said.

Persons: —, Olive, Olive Garden's, Raj Vennam, Vennam, Rick Cardenas, Chris Steak, Cardenas, Olive Garden Organizations: Service, Darden, Business, LongHorn Locations: Olive

☆ Diners are ditching pricey fast food for casual-dining chains, CEO of Olive Garden's parent company says
▼ + stars: | 2024-06-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Darden Restaurants CEO Rick Cardenas said there's been a small shift from fast food to casual dining. Several casual chains now offer discounted combo deals to attract diners seeking better value. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCustomers fed up with increasingly high prices at fast-food restaurants are taking action, and they may be turning to places like Chili's and Applebee's instead. Rick Cardenas, the CEO of Darden Restaurants, said as much during a quarterly earnings call on Thursday.

Persons: Rick Cardenas, there's, —, Darden, Chris Steak Organizations: Darden, Service, Olive Garden, LongHorn, Business Locations: Olive

☆ I ordered Chili's Triple Dipper, which is going viral on TikTok. It was the best $17 I've ever spent at a chain restaurant.
▼ + stars: | 2024-06-21 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

People ordering Chili's appetizer combo for their main meal are getting millions of views on TikTok. The Triple Dipper comes with a choice of three appetizers and three sauces, usually for under $20. AdvertisementThe Triple Dipper is the latest menu item winning Chili's customers over as chains battle over who offers the best value. TikTok videos of people eating and reviewing their Triple Dipper orders have accumulated over 30 million views on the app, and the item has received high praise. "If you're going to Chili's and you are not getting the Triple Dipper, especially the mozzarella sticks with the Triple Dipper, you are doing it so wrong," said the creator of one TikTok video that has been viewed over 5 million times.

Persons: — Organizations: Triple, Service, Business

☆ Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
▼ + stars: | 2024-06-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. Chili's rolled out an ad campaign that calls out the Big Mac and other fast-food burgers for their prices. Dine Brands CEO John Peyton told CNBC in May that Applebee's has been leaning into deals to win over fast-food diners. The overall consumer price index rose 3.3% in that period. In particular, McDonald's has faced backlash from customers, social media users and even House Republicans for its higher prices.

Persons: Rick Cardenas, Darden, hasn't, Brinker, Chili's, John Peyton, Applebee's, Cardenas, McDonald's, Joe Erlinger Organizations: Darden, Brinker International, Dine Brands, CNBC, of Labor, Republicans Locations: U.S

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