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After a tough year for the restaurant industry, executives can't wait for 2025 to start. And many of the nation's largest restaurant chains, from McDonald's to Starbucks , have disappointed investors with same-store sales declines for at least one quarter. But green shoots have appeared, fueling tepid optimism for the future of the restaurant industry. Plus, interest rates are finally falling. For restaurants, lower interest rates mean that it's cheaper to finance new locations, fueling growth.
Persons: Kate Jaspon, Dunkin, Burger Organizations: Inspire Brands, Restaurant Finance, Development Conference, Intelligence, Starbucks, Revenue Management Solutions, Burger King, Restaurant Brands, Federal Reserve Locations: Las Vegas, McDonald's
Beirut AP —As a bomb descended on a multi-story apartment building in Beirut’s Tayouneh area Friday, hundreds of onlookers gathered in the street at a traffic roundabout several hundred meters (yards) away. The Israeli army said the building contained facilities belonging to the Lebanese militant group Hezbollah. A bomb dropped from an Israeli jet prepares to hit a building in Tayouneh, Beirut, Lebanon, on November 15, 2024. Hassan Ammar/APThick smoke and flames erupt from the building after it is struck. The Israeli military has maintained that it takes measures to reduce civilian casualties by issuing warnings before many of its strikes in Lebanon.
Persons: Hassan Ammar, Ammar, , , Richard Weir, Weir, Bilal Hussein Organizations: Beirut AP, Associated Press, Hezbollah, Human Rights Watch, Health Ministry Locations: Beirut, Beirut’s Tayouneh, Lebanese, Tayouneh, Lebanon, Horsh Beirut, Israel
Ford Motor Company has agreed to pay $165 million, the second-largest auto penalty ever issued by the National Highway Traffic Safety Administration, to settle charges it failed to comply with federal recall requirements. “The total civil penalty amount of $165 million is second only to the Takata airbag consent order in the agency’s 54-year history,” the NHTSA said in a statement. The Ford penalty stems from a multi-year investigation into the automaker's handling of defective rollover safety cameras on a number of its models, including its popular F-150 trucks and Explorer SUVs. In a statement, Ford said it disagreed with NHTSA's findings but that it was pleased to administratively settle the dispute with the regulator. Power's "initial quality" report earlier this year as a sign the company is making progress on addressing those issues.
Persons: Ford, Sophie Shulman, ” Ford, Jim Farley, Farley Organizations: Ford Motor Company, National, Traffic Safety Administration, NHTSA, Ford, Barclays Locations: J.D
CNBC Pro combed through Bank of America research to find stocks the bank believes are "best-in-class." They include Carvana , ESAB, Netflix , Texas Roadhouse and Johnson Controls . Texas Roadhouse Analyst Sara Senatore is sticking with shares of the Texas-themed restaurant following earnings in late October. BofA says Texas Roadhouse benefits from low staff turnover, innovative technology and same-store sales that continue to improve. In addition, Senatore called traffic growth "best-in-class" with month-to-month improvement even as the wider industry battles numerous headwinds.
Persons: Jessica Reif Ehrlich, Reif Ehrlich, Sherif El, BofA, ESAB, Sara Senatore, Senatore, Johnson Organizations: Bank of America, CNBC, Netflix, Texas, Johnson Controls, BofA, Gaming, El, JCI Locations: Bank, El, Texas, U.S, North America
After college, he got a job at a Big 4 consulting firm, but his childhood dream was to make manga. He found success on platforms like Webtoon and ultimately quit his finance job to write full time. WEBTOONI published my first novel when I was 17I started working on writing my first novel when I was 14. I convinced my parents that my webcomic career was sustainableI finally quit my finance job in May 2021. They see everything I'm doing and my passion.
Persons: Brandon Chen, I'm, WEBTOON, , I'd, COVID, Tezuka, it's, Kentaro Miura Organizations: Productions, Big, New York Comic Con, NYU, KPMG, Webtoon Locations: New York City, Instagram, Japan
We broke up in college, married different people, and got divorced at the same time. When I posted on social media that I was going through a divorce, Dan, my college sweetheart, messaged me asking if we could talk on the phone. On the phone, Dan apologized for breaking up with me through a text message back in 2002 during my junior year of college. Coincidentally, I was going to college in New York City, and he was studying aviation on Long Island, so our campuses were a quick train ride apart. Dan was shy and more serious; he wasn't interested in going to a Roman-themed college party like I was.
Persons: Dan, messaged, wasn't Organizations: Penn Station Locations: Syracuse , New York, New York City, Long, Maine, New York, Houston, Chicago, Dallas, New Orleans, Texas
AdvertisementMy family took a Vespa tour on a recent trip to Rome that cost us $400. I wish we'd been able to take this tour earlier in our trip because it was so insightful. When I was planning a family trip to Rome, I knew I wanted to experience the city like a local by zipping around on a Vespa. AdvertisementInstead, I looked for a Vespa tour where someone else did the driving and easily found one led by locals. Even though it wasn't a typical city tour that involved long stops at notable sites, our Vespa tour wound up being a highlight of my visit to the Eternal City.
Persons: we'd Locations: Rome
Barnes & Noble is making a comeback
  + stars: | 2024-11-16 | by ( Erika Tulfo | ) edition.cnn.com   time to read: +6 min
In a move that’s perhaps more symbolic than business-minded, Barnes & Noble, America’s largest retail bookseller, has reclaimed the flagship store it vacated in 2013. But Barnes & Noble would revamp its business model. “The problem with Barnes & Noble when I took it over was that the bookstores themselves weren’t very good,” Daunt told CNN. Foot traffic data for Barnes & Noble show that visits are up by 7% since 2019, according to location analytics company Placer.ai. Shannon DeVito, head of books at Barnes & Noble, says that beyond reigniting a love for reading, the BookTok trend has guided stores on what to stock.
Persons: Barnes, Noble, It’s, James Daunt, , Barnes & Noble, ” Daunt, , , we’d, influencers, Shannon DeVito, Kendra Keeter, Gray, it’s, Gray Barnes, ” DeVito, “ It’s, Harry Potter, we’ve, DeVito Organizations: CNN, Sales, Barnes &, Barnes, Amazon, Amazon Books, Kendra Locations: Washington, DC, Georgetown, Washington , DC, , Barnes
AdvertisementInterest in moving to Canada has spiked among Americans after the election. Advertisement"I think sometimes it can be a knee-jerk reaction," Woodfield said of moving to Canada. AdvertisementTo prevent ex-pats from getting taxed twice on their income, the US and Canada have a tax treaty that provides a foreign income tax credit for any income tax paid to the other country, Woodfield explained. You also don't have the option to file joint income tax returns with your spouse in Canada, Woodfield warned. AdvertisementThe earlier you start preparing for your cross-border move, the better — ideally, one to two tax years before moving, Woodfield said.
Persons: Tiffany Woodfield, Donald Trump, Roe, Trump, Raymond James ., Woodfield, Uncle Sam, RRSPs, , It's, you've, they've, I've Organizations: White, Wade, SWAN Wealth Management, pats, Income Corporations, IRS Locations: Canada, Spain, they're
Black Friday is on Nov. 29, 2024, and Cyber Monday is on Dec. 2, 2024. Many retailers’ early Black Friday and Cyber Monday sales have already begun, including at Walmart, Home Depot and REI. While shopping Black Friday and Cyber Monday, don’t forget to poke around subscription services and travel sites for deals, says Shand. Black Friday and Cyber Monday shopping tipsPlanning is key to shopping Black Friday and Cyber Monday. Don’t wait to buy what’s on your wishlistDuring Black Friday and Cyber Monday, shopping traffic peaks online and in stores.
Persons: it’s, I’ll, You’ll, Mackenzie Shand, they’re, Shand, , Vipin Porwal, Porwal, don’t, We’ve, you’re, Black, can’t, you’ll, that’s, TikTok Organizations: NBC, Walmart, Home, Retailers, Black, Apple, Nintendo, Products, Tech, Brands, Target, Costco, Facebook, Twitter Locations: REI
An American Airlines flight departing Hawaii was hastily ordered to make an “expedited climb” to avoid crashing into mountainous terrain on Wednesday. Flight 298 had departed Honolulu, headed for Los Angeles International Airport, when an air traffic controller from Honolulu’s Daniel K. Inouye International Airport ordered the flight to “turn right and expedite your climb through terrain and then turn right,” according to broadcast audio from website LiveATC. That order was made around 1 a.m. local time Wednesday. The Federal Aviation Administration said that an air traffic controller instructed the flight to “perform an expedited climb after the crew did not make the assigned turn while departing from Honolulu International Airport.”The FAA, which is investigating the incident, said the controller's actions “ensured the aircraft remained safely above nearby terrain.”American Airlines said: “During the climb out of Honolulu on November 13, the crew of American Airlines flight 298 requested and received right-turn clearance and complied with controller instructions.”“There was no Enhanced Ground Proximity Warning System (EGPWS) alert as there were no issues with terrain clearance based on the trajectory of the aircraft,” the airline noted.
Persons: Daniel K, Organizations: American Airlines, Los Angeles International Airport, Inouye International Airport, Federal Aviation Administration, Honolulu International Airport, FAA, Airlines Locations: Hawaii, Honolulu
CNN —A 65-year-old American tourist has been arrested in Japan for allegedly carving letters into a torii gate at a Tokyo shrine. The suspect, Steve Lee Hayes, was arrested Wednesday on suspicion of property damage, a Tokyo Metropolitan Police spokesperson told CNN. Police said the man allegedly defaced the pillar of a shrine gate in Tokyo’s Shibuya Ward on Tuesday, “carving the alphabet with his fingernails.”According to public broadcaster NHK, five letters – believed to be the tourist’s family name – were allegedly etched into a gate pillar at Tokyo’s Meiji Shrine. Located adjacent to the city’s sprawling Yoyogi Park, Meiji Shrine first opened in 1920 and was dedicated to Emperor Meiji and Empress Shoken. A closeup image of scratches on a torii gate at Meiji Shrine, taken on November 14, 2024.
Persons: Steve Lee Hayes, , Emperor Meiji, Shoken, Yuichi Yamazaki Organizations: CNN, Tokyo Metropolitan Police, Police, NHK, . Police, Meiji, Mount Fuji, UNESCO Locations: Japan, Tokyo, Tokyo’s Shibuya Ward, Meiji, AFP, Kesennuma, Nara
Jeremy Ng and Amanda Misso bought the first floor of a 1950s house in Singapore for about $1.34 million. AdvertisementJeremy Ng and Amanda Misso bought their house in Singapore in 2022. Amanda Goh/Business Insider"Sometimes, when you go to viewings, every other condo looks the same. Amanda Goh/Business InsiderAbout a fifth of the country's resident population lives in private housing, which includes condominiums and landed property. Amanda Goh/Business InsiderAs much as they love their house, there's just one tiny thing they wish they'd changed about the place.
Persons: Jeremy Ng, Amanda Misso, , Joo Chiat, Amanda Goh, Misso, Ng, Jill, they're, Amanda, there's, they'd, you've Organizations: Service, Singapore —, Zurich —, Housing, Urban Land Institute Asia Pacific Centre for Housing Locations: Singapore, Geylang
CNN —The Federal Aviation Administration says an air traffic controller’s instructions kept an American Airlines flight from hitting mountains near Honolulu International Airport in Hawaii. The agency is investigating the incident on American flight 298 just after takeoff, bound for Los Angeles early Wednesday morning. “An air traffic controller instructed American Airlines Flight 298 to perform an expedited climb after the crew did not make the assigned turn while departing from Honolulu International Airport,” the FAA says. “The controller’s actions ensured the aircraft remained safely above nearby terrain.”Audio from LiveATC.net captures the Honolulu air traffic controller telling American 298 to “expedite your climb … through terrain” and to turn right. Flight tracking data shows by the time the flight reached the terrain, the flight was at least 1,500 feet above mountain peaks.
Persons: Organizations: CNN, Federal Aviation Administration, American Airlines, Honolulu International, Los Angeles, Exchange, Honolulu International Airport, FAA, LiveATC.net Locations: Honolulu, Hawaii, Los, Honolulu’s
A Quarter Pounder with cheese, fries and a drink arranged at a McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024. In the wake of last month's E. coli outbreak tied to McDonald's slivered onions, the fast food giant said it will invest over $100 million to boost restaurant sales and speed up the recovery at impacted franchisees. Of that total, $65 million will be invested into supporting owners who have lost business, targeting those in the hardest-hit states. Approximately $35 million will be invested traffic-driving programs, including marketing efforts, according to a memo to owners and employees viewed by CNBC. McDonald's will also be driving "local recovery plans for highly impacted markets" with more details to come in the weeks ahead, the memo said.
Persons: McDonald's, Michael Gonda, Tariq Hassan, Ian Borden Organizations: CNBC, Street Journal, Bloomberg, for Disease Control, CDC, and Drug Administration Locations: El Sobrante , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBullish on the consumer despite slow traffic at the start of November, says TD Cowen's John KernanJohn Kernan, TD Cowen managing director and retail analyst, joins 'Money Movers' to discuss how important Chinese exposure is for retail companies, how to distinguish between retail winners and losers, and much more.
Persons: Cowen's John Kernan John Kernan, TD Cowen
Disney's CFO Hugh Johnston discussed Universal Studios' upcoming theme park, Epic Universe. Both Walt Disney World and Universal Orlando Resort are adding new attractions. AdvertisementEpic Universe's arrival in Central Florida might be good for its direct competitor, Walt Disney World. Disney's Chief Financial Officer Hugh Johnston discussed Universal Orlando Resort's upcoming theme park during Thursday's earnings call. When asked how Epic Universe's May 2025 debut could impact Walt Disney World, Johnston seemed optimistic.
Persons: Hugh Johnston, Johnston, , Walt, Arturo Holmes, Disney Dreamers Academy Dennis Speigel, NBCUniversal, Comcast NBCUniversal, Brian L, Roberts, Harry Potter, Berk, Josh D'Amaro, Indiana Jones, James Cameron's Organizations: Universal Studios, Disney, Walt Disney World, Universal Orlando, Service, Walt Disney, Cinderella's, Disney Dreamers Academy, Park, Inc, Comcast, Comcast Corporation, Universal Orlando Resort Universal, of, Nintendo, Magic, Central, Central Florida Tourism, Disney's Hollywood Studios Locations: Central Florida, Florida, Pueblo Esperanza
According to the federal indictment, Alcala would take women's phones during traffic stops in order to confirm their insurance coverage or vehicle registration. But Alcala searched their phones for nude images and took photos on his own personal phone, the indictment said. In one case, Alcala allegedly texted himself a video and deleted evidence of the text. The Missouri Department of Public Safety told NBC News that records show McKnight surrendered his state peace officer license, "which means he can never work as a Missouri law enforcement officer again." Ashley Johnson, special-agent-in-charge of the FBI St. Louis Division, told people not to hesitate to report uncomfortable encounters with officers.
Persons: Julian Alcala, Alcala, texted, Jane Doe, He's, Bevis Schock, Schock, David McKnight, McKnight, Ashley Johnson, Louis Division, Johnson Organizations: U.S, Attorney, Eastern, of Missouri, U.S . Constitution, Florissant Police, NBC News, FBI, Alcala, Wednesday, Patrol, Attorney's, Missouri, Highway Patrol, The Missouri Department of Public Safety, Louis Locations: Missouri, Florissant, U.S .
Molaei captioned the video: “A scene from being a woman in Iran.”An image of Roshanak Molaei, verified and released by the Norwegian human rights group Hengaw. According to a statement by the organization, Molaei had previously argued on social media with a government official over mandatory hijab laws. The woman is being prosecuted for not observing mandatory hijab laws.”According to Hengaw, on Nov. 2 Molaei was "summoned by FATA," the Iranian cyberpolice, about her post, and was arrested the following day. This is not the first time Molaei is arrested for opposing Iran’s mandatory hijab laws, according to Hengaw. Molaei's new arrest is yet another incident fueling alarm from international human rights organizations.
Persons: Roshanak, Molaei, Hengaw, , FATA, Mahsa, Amini, , Masoud Pezeshkian Organizations: NBC, Center for Human Rights, for Human Rights, Islamic Azad University, Amnesty Locations: Iran, Tehran, Norwegian, Norway, Kurdistan
What can news outlets do to regain trust and appeal to new audiences without alienating existing readers and viewers? For the past week, CNN’s media team has been receiving feedback from readers of the Reliable Sources newsletter. Mainstream media outlets have been losing public trust for decades, particularly among Republicans, but also among Democrats and independents. Maybe, CNN’s Donie O’Sullivan commented last week, the media collectively spent “too much time obsessing about polling (where did that get us?) As long as President-elect Donald Trump keeps repeating lies and raising controversies, the press will be seen as a hostile force by many Trump voters.
Persons: New York CNN — Donald Trump’s, Kamala Harris, , , Greg Gutfeld, Sean Hannity, ” Elon Musk, Harris, Donie O’Sullivan, MAGA, it’s, TheWrap’s Sharon Waxman, Donald Trump, They’re, Joe Rogan’s, Charlie Warzel, Rachel Karten, “ Trump, Tim Graham, Arlie Russell Hochschild, Vox, Lulu Garcia, Navarro, Buck, Richard Stengel, Andrew Morse, “ It’s, Will Bunch, there’s Organizations: New, New York CNN, ” Fox, Trump, Media, ABC News, Nielsen, CNN, News, Civic Health, Media Research Center, ” New York Times, Atlanta, Philadelphia Locations: New York, Washington, York, U.S
Here are Thursday's biggest calls on Wall Street: Citi initiates Gilead Sciences as buy The firm said it is bullish on the biotech company's HIV franchise. Piper Sandler upgrades Campbell Soup to overweight from neutral Piper Sandler said it sees an attractive entry point for the stock. UBS initiates Cogent as buy The firm said it sees meaningful revenue acceleration for the internet services company. Jefferies reiterates Tesla as hold The firm raised its price target on the stock to $300 per share from $195. Morgan Stanley reiterates Meta as overweight The firm said Meta is a major artificial intelligence beneficiary. "
Persons: Piper Sandler, Campbell, Oppenheimer, Jefferies, Tesla, Morgan Stanley, Papa, KeyBanc, Papa John's, BXP, Wells, Wells Fargo, BURL, Meta, Needham, Eli Lilly's Organizations: Citi, Gilead Sciences, HIV, SOVO, UBS, Nvidia, Bank of America, Neutral Bank of America, ISI, Papa Johns International, Company, JPMorgan, Medicines, 3Q, Netflix, Barclays, Airlines, FDA, Novo Nordisk, Microsoft Locations: Europe, Asia, Africa, America, Manhattan, Burlington
What to Know About Congestion Pricing
  + stars: | 2024-11-14 | by ( Winnie Hu | Ana Ley | ) www.nytimes.com   time to read: +1 min
New York is once again moving to adopt the nation’s first-of-its-kind congestion pricing program to ease traffic and raise money for mass transit. That means drivers may have to pay to enter the most congested parts of Manhattan as soon as early January. Kathy Hochul had revived the tolling plan, which she abruptly paused in June over concerns that it could slow New York City’s post-pandemic recovery. But now, five months later, Ms. Hochul has brought back the program with reduced tolls. Mr. Trump has vowed to kill the program in his first week in office.
Persons: Kathy Hochul, Hochul, Donald J, Trump Organizations: Federal Highway Administration, Gov, Metropolitan Transportation Authority Locations: York, Manhattan
CNN —Ford is being fined up to $165 million after the National Highway Traffic Safety Administration ruled the company moved too slowly in recalling cars with faulty rearview cameras. The agency’s consent order says Ford failed to issue a “timely recall” and did not submit quarterly reports on time. The models covered by the Ford recall included the 2020 Ford Edge, Escape, Expedition, Explorer, F-150, Mustang, Ranger and Transit, as well as the Lincoln Corsair and Nautilus. Of the $165 million civil penalty fined by NHTSA, Ford must immediately pay $65 million up front. Ford and the NHTSA will meet quarterly to ensure its compliance with the terms of the consent order.
Persons: CNN — Ford, Ford, Maria Buczkowski, Sophie Shulman Organizations: CNN, Traffic Safety Administration, NHTSA, Ford, Lincoln Corsair, Nautilus
On the day after the election, Nov. 6, X experienced its largest user exodus since Elon Musk bought the platform in 2022. NBC News spoke to six people who have joined or committed to using Threads and Bluesky in place of X after the election because of Musk. In the past five days, Wurtz said people she used to follow on X have started to trickle over to Threads. “I have a private personal account for friends and family and a public account for Taylor Swift, so nobody drowns in my Taylor Swift content,” Polo said. Currently, X users can go to the site’s settings and opt out.
Persons: Elon Musk, Don Lemon, Donald Trump, Musk, Kara Wurtz, Louis, ” Wurtz, , I’m, Wurtz, Wurtz isn’t, Adam Mosseri, Bluesky, , Mosseri, David Carr, X, Polo, Swifties, Taylor Swift, ” Polo, Elon, Rory Mir, ” Mir, José Vilson, “ I’m, ” Laura Sell, Sell, “ It’s, Micah Lee, Dr, Jorge Caballero, ” Caballero, it’s Organizations: Elon, Guardian, NBC, Trump, Twitter, NBC News, Bluesky, Electronic Frontier Foundation, Duke University Press Locations: Similarweb, United States, Canada, Bluesky
Body camera video shows an Oklahoma City police officer forcefully taking down and handcuffing a 71-year-old driver after a traffic stop last month. A representative for Oklahoma City police declined additional comment Tuesday. The body camera video shows an officer speaking to the driver with the door open, telling him he is writing a ticket for an improper U-turn. The body camera video shows an officer speaking to the driver while he sits in the driver’s seat with the door open. Oklahoma City Police Dept.
Persons: Thuan Nguyen, Lich Vu, Vu, , he’s, Facebook Nguyen, ” Nguyen, Nguyen, Organizations: Oklahoma City, Attorney’s Office, Vietnamese American Community of, Oklahoma, Police, Facebook Locations: Oklahoma County, Vietnamese American Community of Oklahoma
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