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The wealthy are spending hundreds of thousands of dollars on 30-minute performances from music artists. These private shows, like bar mitzvahs or birthdays, can draw in big names like Flo Rida and Drake. As artists make less money from their music, the idea of "selling out" is changing, New Yorker reports. To get Flo Rida at your private event however, it will run you between $150,000 and $300,000, with international shows extending that fee up to around $1 million, the New Yorker reported. A lawyer for Flo Rida confirmed to Insider that fee range was accurate and said his client "loves weddings, birthday parties and bar/bat mitzvahs."
Persons: Flo Rida, Drake, Flo Rida's, Flo, Beyonce, Rod Stewart, Steely Dan, Ryan Schinman, Ariana Grande —, Travis Scott Organizations: Morning, New Yorker, Billboard, Citigroup, McDonalds Locations: Miami, Lincolnshire, Chicago, New, Italy, Dubai, Sardinia
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chicago-area-home-of-late-mcdonalds-chairman-asks-5-75-million-9727108a
More than one third (35%) of the S & P 500 reports earnings next week — including megacaps Microsoft, Alphabet, Meta Platforms and Amazon — versus less than 12% in the week just ended and only 2% last week. So far this quarter, S & P 500 earnings are running 4.7% below the same period a year ago, Refinitiv data shows. Back then, the S & P 500 fell 19.4% from its April high to a low on October 3. Meanwhile, next week is the last full trading week before Wall Street's old adage to "sell in May and go away" takes hold. ET: FHFA Home Price index (February); S & P Case-Shiller home price indexes (February) 10:00 a.m.
Some companies have cracked the code, says a business strategist. Sam Sterling, a managing director of strategy at digital communications agency AKQA, spent two and a half years studying 16 high-growth companies, including McDonalds, Starbucks, Lululemon, Columbia Sportswear and Burberry. "What markets don't you understand? What products don't you know? Here's how some of the companies Sterling tracked do it.
31-year old Maurice Ng came to the US with nothing after his family fled loan sharks in Hong Kong. It was a simple spreadsheet that inspired Maurice Ng at 29 to quit his job to become a venture capitalist. He deducted a little over 2,000 days for commuting time, and allowed himself 255 "regular sick days" and 10 "serious sick days." Assuming 3 meals a day, 365 days a year, 1 hour per meal, he deducted 5,817 days for eating. Despite the current turmoil in the tech industry and venture capital, Maurice seems to be inoculated against self doubt.
Therma helps restaurants like McDonald's reduce food and energy waste via fridge management. A startup helping restaurants like McDonalds and Starbucks save money on food and energy waste has just raised $19 million in a Series A round. San Francisco-based Therma, which was founded in 2019, uses IoT devices to turn "dumb" fridges and freezers into smart devices where temperature management can be automated. The company's tech can also monitor for any issues that could lead to food waste, which could be as simple as someone leaving the door open for an extended period. Meanwhile food waste is responsible for 10%, per WWF.
Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their track records. (See Tesla Hedge Fund Trading Activity on TipRanks)​ Rakesh holds the 113th position among more than 8,000 analysts tracked on TipRanks. (See McDonald's Dividend Date & History on TipRanks) Despite tough macro conditions, McDonald's intends to expand further to grab additional business. Saleh ranks 383 out of more than 8,300 analysts on TipRanks, with a success rate of 65%. In line with his bullish stance, Goldman reiterated a buy rating and increased his price target to $74 from $71.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Jeff Kilburg on three stocks to watch ahead of earningsJeff Kilburg, founder and CEO of KKM Financial, joins 'The Exchange' to discuss three stocks with earnings reports on the horizon, NXP Semiconductors, Caterpillar, and McDonalds.
Three stocks to watch ahead of earnings: CAT, NXPI and MCD
  + stars: | 2023-01-30 | 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 EmailThree stocks to watch ahead of earnings: CAT, NXPI and MCDJeff Kilburg, founder and CEO of KKM Financial, joins 'The Exchange' to discuss three stocks with earnings reports on the horizon, NXP Semiconductors, Caterpillar, and McDonalds.
While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
For most of the affected stocks, trading was halted 15 seconds after markets opened and resumed between five and 15 minutes later. A technical glitch at the New York Stock Exchange on Tuesday briefly caused wild price swings and a temporary trading freeze in stocks of major companies such as Exxon Mobil Corp., McDonalds Corp. and Walmart Inc. Hundreds of stocks experienced erroneous prices as a result of the incident, the biggest snafu to hit a U.S. stock exchange in several years, according to a spreadsheet of affected securities released by the NYSE.
For most of the affected stocks, trading was halted 15 seconds after markets opened and resumed between five and 15 minutes later. An apparent glitch at the New York Stock Exchange on Tuesday briefly caused wild price swings and a temporary trading freeze in stocks of major companies such as Exxon Mobil Corp., McDonalds Corp. and Walmart Inc. The NYSE said in a notice to traders that it was investigating a reported issue with its opening auction, the critical process at 9:30 a.m. ET each day that determines the official, beginning-of-day prices for stocks listed on the exchange.
Dozens of stocks opened at prices well above or below their prior day closing prices. Every day, stocks open at the NYSE at or near 9:30 a.m. There is only a single opening price, which is determined by thousands of orders to buy and sell individual stocks. A single price is then quoted at the open and all orders are aggregated into a single opening "auction print." Most likely, the "correct" opening price will be the price when the stocks reopened.
Chick-fil-A 's fee for a new restaurant is $10,000 – one of the lowest of any major fast-food brandChick-fil-A restaurants average more than $8 million in sales annually among non-mall locations. By comparison, McDonald's restaurants posted average domestic sales of $4 million in 2021, according to the chain's franchise disclosure report for 2022. McDonald's, for example, requires potential franchisees to pay from $1.4 million and $2.5 million in startup costs — including a $45,000 franchise fee. Total costs to launch a franchised Chick-fil-A restaurant ranges from $219,055 to $2,912,697, according to 2022 FDD documents. While a Chick-fil-A costs less up-front, over time franchisees end up paying a lot more to the company to operate the business.
IHOP and General Mills are making pancake cereal, an homage to the 2020 TikTok trend. Restaurant chain IHOP and General Mills, which makes Cheerios and Lucky Charms, is releasing a blueberry-and-syrup-flavored mini pancake cereal. Pancake cereal took off in early 2020 when TikTok users posted videos of themselves making tiny pancakes – sometimes smaller than a dime. A post shared by Kitchen League (@kitchenleague)"After the viral moment in 2020, we knew guests had an appetite for an IHOP cereal," IHOP Chief Marketing Officer Kieran Donahue said in the statement. The campaign is the company's take on the "dirty soda" trend on TikTok, which involves mixing soda with cream and syrup.
The McDonald's McGold Card. McDonald'sThe McGold Card was once reserved for high-profile celebrities, with reported owners including billionaires Warren Buffett and Bill Gates as well as actor Rob Lowe. The winner will also be able to select three friends who will each receive a McGold Card as well, McDonald's says. "Our fans have been fascinated by the lore of the McGold Card and if it really exists," McDonalds chief marketing officer Tariq Hassan said in a statement. How to enter the McGold Card sweepstakes
Brands said it had reached a deal to sell its 1,000 KFC stores in Russia. All KFC stores in Russia will be rebranded as fast-food chain "Rostic's", The Moscow Times reported. According to Russian business newspaper Kommerstant, Smart Service will be responsible for rebranding all 1,000 stores as Rostic's. Last month Yum Restaurants Russia LLC registered rights to the Rostic's brand, Kommerstant reported, and the KFC stores will begin rebranding in early 2023. It rivaled American fast-food stores until 2006, per the report.
Three Stock Lunch CAT, MCD and NOW
  + stars: | 2022-10-27 | 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 EmailThree Stock Lunch CAT, MCD and NOWLee Munson, president and CIO of Portfolio Wealth Advisors, joins 'Power Lunch' to share his picks for the three stock lunch: Caterpillar, McDonalds and ServiceNow, three names moving higher after topping Q3 estimates,
Morning Bid: Meta averse, ECB decides and CS slides
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +4 min
A look at the day ahead in U.S. and global markets from Mike Dolan. Meta added a deep pothole to an already bumpy U.S. earnings season - another obstacle to a market pumped-up by bets of some central bank relief on the horizon as G7 economies slow. read moreWith Apple (AAPL.O) and Amazon reporting later on Thursday, sentiment toward tech giants remains on edge. But after two-week, trough-to-peak bounce of almost 10%, global stock indices (.MIWD00000PUS) struggled to make much headway for the second session on Thursday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
European markets were on course to open Wednesday marginally lower, with corporate earnings season in full swing and a European Central Bank meeting ahead. However, banking stocks closed down 0.3% amid mixed earnings, with UBS beating market expectations but seeing profits slide. Deutsche Bank reported early Wednesday, and also surpassed analyst forecasts. Other European companies to report include Barclays, Standard Chartered , Mercedes Benz , Heineken and Reckitt Benckiser . Asia-Pacific markets were higher on Fed expectations and comments from the China Securities Regulatory Commission on creating a "regulated, transparent open, lively and resilient" market.
SummarySummary Companies Sees sales growth at 4-8%, from previous range of 4-12%Upgrades adjusted earnings margin forecastShares rise 4%LONDON, Oct 21 (Reuters) - British food delivery company Deliveroo (ROO.L) warned sales growth would be at the lower end of its previous guidance, as households cut back on take-aways due to rising prices. Despite the worsening outlook, Deliveroo, which competes with Just Eat Takeaway (TKWY.AS) and Uber Eats (UBER.N), also slightly upgraded its adjusted earnings (EBITDA) margin guidance on Friday, helped by lower marketing spend. The group is aiming for adjusted earnings (EBITDA) breakeven in late 2023 to early 2024 and said that it was confident it could adapt to the worsening economic outlook where consumers are grappling with higher food and energy bills. In its biggest UK and Ireland market, Deliveroo posted GTV growth of 11%, boosted by the addition of McDonalds to its offering, while its performance in its international markets in Europe, the Middle East and Asia Pacific dragged. Deliveroo announced on Wednesday it would pull out of the Netherlands on Nov. 30 after it failed to gain sufficient local market share.
Stocks rallied this week as earnings season ramped up and is so far off to a better-than-expected start. With 20% of the S & P 500 having reported financials so far, sales results have thus far been 1.4% above expectations while earnings results are 5.4% above expectations, in aggregate. That inverse correlation between bond yields and stocks was powerful enough to trump positive earnings reports. Looking back On the earnings front, we got results from Johnson & Johnson (JNJ), Procter & Gamble (PG), and Danaher (DHR). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Lunio, an adtech startup, announced a $15 million funding round on Thursday. Check out the 12-slide pitch deck the company used to raise in this Insider exclusive. An adtech startup, dubbed Lunio, announced a $15 million Series A funding round on Thursday. Apart from Google and Warner execs, other investors in the Series A raise include venture capital fund Smedvig Capital Partner. Check out the 12-slide pitch deck the company used to raise in this Insider exclusive.
From October 3, McDonald's will be selling limited-edition Happy Meals for grown-ups. The boxes are designed by Cactus Plant Flea Market, and merch will also be available. For the Happy Meals currently available, McDonald's charges more for ones that come with hamburgers than those with nuggets. McDonald's x Cactus Plant Flea MarketThe Happy Meals are a collaboration with streetwear brand Cactus Plant Flea Market, which McDonald's called "one of the most important brands in culture." Cactus Plant Flea Market currently appears to only have four products available on its website – a $70 T-shirt, a $75 towel, a $35 water bottle, and a $60 pair of boxers.
Former federal prosecutors say criminal laws may have been broken during the transport of migrants. 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 PolicyFormer federal prosecutors say Florida Gov. Ron DeSantis may have broken criminal laws when he sent Venezuelan migrants from Texas to Martha's Vineyard. Levin said one possibility is human trafficking laws, even though he said those statutes are intended for cases of sex trafficking or human trafficking for profit. "Whether a federal prosecutor's office or a state prosecutor's office is going to go forward with that kind of charge against a sitting governor, we'll see," she said.
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