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America is obsessed with Chili’s
  + stars: | 2024-10-30 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —People apparently can’t get enough of the Big Smasher burger, $6 margaritas and Triple Dipper combination platters at Chili’s. The meal deal is now 11% of Chili’s business, with sales soaring 70% over the last year. The Triple Dipper is “very relevant with younger guests and how they prefer to eat with more variety, customization and experiential flavors through our wide variety of dips,” Hochman said. The Triple Dipper is a staple on TikTok, with customers filming their combinations and raving about it. Meanwhile, McDonald’s was seeing its fortunes recover because of the $5 meal deal, but its momentum was stunted because of an E. coli outbreak.
Persons: , Brinker, Kevin Hochman, Chili’s, , Hochman, Don Julio, margarita, McDonald’s Organizations: New, New York CNN, Triple, Brinker Locations: New York, Chili’s, Placer.ai, United States
The yield on the 10-year Treasury fell more than 4 basis points to 4.232%, after briefly rising above 4.3% in the previous session to notch its highest level since July. The yield on the 2-year Treasury was down over 2 basis points at 4.094%. U.S. Treasury yields were lower on Wednesday, with investors poised to scrutinize economic data for further clues on the rate cut outlook. Ahead of the all-important October jobs report at the end of the week, investors will monitor a fresh batch of economic data on Wednesday. The Fed joined several other major central banks in easing monetary policy when it lowered rates by 50 basis points in September.
Organizations: Treasury, U.S, Commerce Department, Traders, Federal Reserve, Fed
Here are Wednesday's biggest calls on Wall Street: Bank of America reiterates Advanced Micro Devices as buy Bank of America said the stock is best positioned following earnings on Tuesday. JPMorgan reiterates First Solar as overweight The firm said the solar company is still best positioned following earnings on Tuesday. "Attractive entry point ahead of EDN's tariff review, a key value driver that could drive significant earnings growth & trigger stock re-rating. "We remain confident in BOOT's ability to deliver attractive relative earnings growth supported by compelling unit expansion opportunity." Raymond James downgrades Crocs to market perform from outperform Raymond James downgraded the shoe company following earnings citing margin pressures.
Persons: Wells, Reddit, Morgan Stanley, Raymond James, it's, Bernstein, Baird, Raymond James downgrades Qorvo, Barclays downgrades Lear, Goldman Sachs, Chipotle, Goldman, Raymond James downgrades Crocs, Wedbush downgrades Williams Organizations: Bank of America, Devices, AMD, JPMorgan, Catalyst, " Bank of America, DoJ, Citi, YouTube, Bank of, Holdings, of America, Incyte, Boeing, UBS, Barrick Gold, Barrick, Barclays, CMG, Walmart, Apple, Apple Intelligence, 3Q, 4Q, WSM Locations: China, OW, America, Sonoma
Ford CEO Jim Farley is a big fan of Xiaomi's SU7 EV — and it just got a major upgrade. The Chinese tech giant unveiled the SU7 Ultra, a high-performance electric car with a max speed of 350km per hour. AdvertisementFord CEO Jim Farley's favorite Chinese EV just got a major upgrade. Speaking on a podcast last week, Ford CEO Farley praised Xiaomi as an "industry juggernaut" and said he was a big fan of the SU7. AdvertisementWestern automakers like Ford are under pressure from Chinese electric car makers, which are expanding rapidly worldwide.
Persons: Jim Farley, , Jim Farley's, Xiaomi, Farley, Lei Jun, it's, I've, Tesla, Elon Musk Organizations: , Service, Ford, Citibank Locations: China, presale, Shanghai, Chicago
Organic revenue growth of 1% matched expectations. Management raised the midpoint of full-year earnings guidance despite the continued in weakness in China that has been hampering top-line organic growth. Bottom Line Results were mixed, but it comes as no surprise that the quarter was negatively impacted by weakness in China. The team continues to deliver for customers and we've seen PDx reports seven quarters of high-single-digit or double-digit organic revenue growth." Pharmaceutical Diagnostics (PDx) segment — used in radiology and nuclear medicine to deliver more precise diagnoses — was particularly strong, delivering segment revenue growth of 7% organically.
Persons: Peter Arduini, Arduini, We're, James Saccaro, Saccaro, GEHC, Jim Cramer's, Jim Cramer, Jim, Martin Schutt Organizations: GE Healthcare, Revenue, LSEG, Management, Pharmaceutical Diagnostics, General Electric, Philips, Siemens, U.S . Food, Drug Administration, GE Healthcare's, Care Solutions, CNBC, Getty Locations: China, U.S, Jena , Germany
Chipotle says it's tried to ensure "consistent and generous portions" after customer complaints. The move and unusual price fluctuations for avocados have hit the chain's profitability. Profit margins for the chain suffered last quarter due to a concerted effort to provide "consistent and generous portions" in every order, the company said Tuesday. "We are committed to ensuring that we give the right portion to every guest that walks into the building." Related storiesWhile that's good news for Chipotle diners, the chain said it was partly the reason for a hit to profitability in the last fiscal quarter.
Persons: Chipotle, it's, , Scott Boatwright, Adam Rymer Organizations: Service, New York Locations: Chipotle, New York City
CNN —Chipotle customers have complained that portion sizes are all over the map. Frustrated Chipotle customers took to posting on social media this year, accusing the company of skimping on servings. He added that about 10% of stores were outliers in portion sizes and would be re-trained. Chipotle employees were never directed to serve customers less, Niccol said, but the claims prompted a reevaluation of the entire system. He said there’s a been a noticeable shift from previous unhappiness and customers are “really excited” about Chipotle’s new portion sizes.
Persons: Scott Boatwright, Chipotle, Chris Kempczinski, pico de, Brian Niccol, Niccol, Organizations: CNN, , Employees, New, Starbucks Locations: skimping, Wells, New York City, portioning
Former President Donald Trump’s promises that he’ll win New York are more empty bluster than evidence-based prediction. Two statewide Siena polls have also shown Trump performing better than his 2020 vote share in New York State as a whole. But overall, these races include the most competitive around New York State, and all but the 18th are currently represented in Congress by a Republican. Democrats are not concerned about the top of the ticket, but for those down ballot — where Democrats lost five competitive House races here in 2022 — this election is a chance to earn back what was once theirs. “Progressive state issues like bail reform and congestion pricing remain challenging for Democrats in the New York suburbs,” longtime New York Republican operative Matt Coleman said.
Persons: Donald Trump’s, Trump, Kamala Harris, Harris, Joe Biden’s, Biden, Siena, Elise Stefanik, “ Kamala Harris, Joe Biden, ” Stefanik, He’s, Eric Adams ’, Kathy Hochul’s, Hakeem Jeffries, ” Jeffries, Matt Coleman, Hochul ‘, “ Hochul, , that’s, Mike Lawler, Anthony D’Esposito, ” Coleman, Organizations: Empire, New York Times, Siena College, Trump, New York State, New, NBC News, National Republican, Committee, District, Republican, New York, Democrat, , Democratic, Garden, Democrats, NBC, Republicans, New York Republican, Madison, Puerto Ricans, GOP Locations: New York, New York City, Siena, Long, Hudson, Syracuse, New, ” New York, Madison, Brooklyn, Manhattan
It came hours after the Israeli parliament outlawed a key United Nations aid agency in a move that could throttle the supply of medicine, food and education in the devastated territory. Gaza airstrike kills dozensThe strike hit a five-story building in the northern city of Beit Lahia housing some 200 people, according to the Gaza government media office. The Israel Defense Forces did not immediately respond to a request for comment on Tuesday's airstrike from NBC News. The law bans UNRWA, the U.N.'s Palestinian aid agency, from operating inside Israel or having any contact with Israeli authorities. But Israel has long criticized UNRWA, alleging it has been infiltrated by Hamas and intensifying that pushback after Oct. 7.
Persons: , Sheikh Naim Kassem —, Hassan Nasrallah, Kamal Adwan, It's, Philippe Lazzarini, Matthew Miller Organizations: Hezbollah, Palestinian Health Ministry, Health Ministry, Israel Defense Forces, NBC News, AFP, Getty, West Bank, UNRWA, State Locations: Gaza, Nations, Lebanon, Iran, Beit, Beit Lahia, Israel, United States, Washington, Canada, Australia, France, Germany, Japan, South Korea, Britain
However, on "Mad Money" following the release, Jim said Alphabet delivered an "unambiguously great quarter." Alphabet Why we own it : Alphabet's Google Search is an invaluable tool for advertisers. Revenue for the Google Search, YouTube ads, and Google Network line items totaled $65.85 billion. That was up more than 10% from the year-ago quarter, though it was a slower growth rate than in the second quarter. The company exited the quarter with $93.23 billion in cash, cash equivalents, and marketable securities on its balance sheet.
Persons: It's, Jim Cramer, Jim, it's, Sundar Pichai, We're, Waymo, Anat Ashkenazi, Pichai, Jim Cramer's, Justin Sullivan Organizations: Google, U.S, European, Justice Department, Big Tech, Nvidia, YouTube, Microsoft, Revenue, Google Services, Walmart, Dallas Fort, CNBC Locations: U.S, Dallas, Dallas Fort Worth, Mountain View , California
He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.
Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas
Trump’s Changing Messages on Abortion, in 660 Quotes Donald Trump has softened his rhetoric, contradicted himself and nearly dropped “pro-life” from his vocabulary. Trump’s Statements on Abortion Before and After Dobbs The way Donald Trump has talked about abortion changed after the Dobbs decision. Below, a comparison of the themes Mr. Trump mentioned most in his public statements, based on a Times analysis. Abortion is an important issue Times Trump said abortion is an important issue, by quarterAfter he was elected, Mr. Trump kept many of his promises to the anti-abortion movement. For much of this campaign, Mr. Trump declined to say whether he would veto a federal abortion ban.
Persons: Donald Trump, , Donald J, Trump, “ I’m, , Dobbs, Jackson, Roe, Wade, ” Mr, Karoline Leavitt, Jason Rapert, Rapert, “ It’s, , they’re, Lake, he’s, doesn’t, MAGA, Times Trump, Kamala Harris, they’ll, Melania Trump, “ We’re, Trump’s, , “ We're, Judge Scalia, Justice Scalia, We're, we've, ” Susan B, Anthony, They're, we'll Organizations: New York Times, Mr, Trump, National Association of Christian Lawmakers, Democratic, Republican, , Republican Party, Supreme, Times, Life, , and Drug Administration, Justice Department, Breitbart, Federalist Society, Senate, U.S, ” Christian Broadcasting Network Locations: United States, Florida, Pensacola, Fla, , Pa, Dubuque , Iowa, Pennsylvania, Michigan, Indiana
The acquisition of Crypto Finance Asset Management by Matrixport is taking the crypto financial services hub into new markets. The new acquisition is an entry point to the European crypto asset management marketKeen to maximize what it offers its investors, Matrixport has gone one step further through the 100% equity acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager. Previously part of the Deutsche Börse Group-owned Crypto Finance Group, following the all-cash acquisition, CFAM will be renamed to Matrixport Asset Management (MAM). Through the acquisition, Matrixport gains entry into the European crypto asset management market. With such an array of services available, the acquisition enables clients access to innovative crypto asset management products.
Persons: Matrixport, Keen, CFAM Organizations: Crypto Finance, Management, Asset Management, Deutsche Börse, Matrixport Asset, Swiss Financial Market Supervisory Authority, MAM, US Securities, Exchange, underwriters, APEX Group, Insider Studios Locations: Swiss, Europe, Hong Kong, Matrixport
New York CNN —Jon Stewart is extending his time in the hosting chair at “The Daily Show” through December 2025. In 2015, Stewart parted ways with “The Daily Show,” after 16 years in the hosting chair, and was followed by Trevor Noah, who hosted the show through 2022. Stewart’s initial return to “The Daily Show,” announced this January, came as the show looked to bolster its struggling ratings. The re-hire has largely paid off, with Stewart’s return consistently delivering higher ratings than the show has seen in recent years. Stewart’s return to Paramount Global has marked a major victory for the company as it looks to muscle up its streamer, Paramount+.
Persons: Jon Stewart, Stewart, Kamala Harris, Donald Trump, “ I’ve, ” Stewart, , Chris McCarthy, , ” McCarthy, Trevor Noah, Stewart’s Organizations: New, New York CNN, Comedy, Paramount, Comedy Central, Paramount Global, Showtime, MTV Entertainment Studios, Apple Locations: New York
For now, analysts and investors are looking to Amazon's third-quarter earnings report Thursday night for more clarity. Amazon hopes that Kuiper could bring broadband connectivity to some 400 million to 500 million households that currently lack it. Bank of America, on the other hand, estimates around $3.5 billion in Kuiper spending next year. The Kuiper spending estimates might seem steep, but the analysts aren't telling investors to dump shares. The "ultra-compact" version of the Project Kuiper Amazon
Persons: Jeff Marks, Andy Jassy, Kuiper's, Marks, Kuiper, Evercore, BofA, Morgan Stanley, Morgan Stanley's, Starlink, Elon Musk's, EBITDA, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon, Web Services, AWS, Wedbush Securities, Federal Communications Commission, FCC, Bank of America, FactSet, SpaceX, Viasat, CNBC Locations: Amazon's
In this article WISE-GB Follow your favorite stocks CREATE FREE ACCOUNTKristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty ImagesLONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise , was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an issue with his tax filings. "We continue to build a product and a company that will serve our customers and owners for the decades to come," Käärmann added. The chair of Wise, David Wells, said that the company's board of directors "continues to take Wise's regulatory obligations very seriously." In a note Monday, analysts at British investment bank Peel Hunt boosted their expectations for Wise's full-year profit before tax by 15%.
Persons: Kaarmann, Wise, Eoin Noonan, Sportsfile, Käärmann, Taavet Hinrikus, Forbes, Therese Chambers, David Wells, Peel Hunt, Gautam Pillai, Barun Singh Organizations: WISE, Getty, Financial, Authority, FCA, Customs, Peel Locations: Estonian
New York CNN —Target is lowering the price of its Thanksgiving meal bundle, adding to the roughly 8,000 products that have been discounted as it attempts to attract inflation-weary shoppers during the holiday season. Target is the latest major retailer to chop the price of its Thanksgiving meal bundle, joining Aldi and Walmart in a holiday price war. Sam’s Club last week announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products and is delivered already cooked. Food price inflation has moderated substantially during the past year, Consumer Price Index data shows. Gomez said Target customers are buying in bulk to save money, or purchasing smaller items that have cheaper prices compared to their full-sized counterpart.
Persons: Rick Gomez, Dr, Michael Swanson, Gomez, , Organizations: New, New York CNN, Target, CNN, Aldi, Walmart, Sam’s, of Labor Statistics, Food Institute Locations: New York, Wells
Beauty and Estée Lauder are well-known companies in the beauty and cosmetics industry. Their customers generally have higher disposable incomes, as Estée Lauder is a luxury brand emphasizing premium, high-quality ingredients. Estée Lauder combines a traditional retail model with a growing e-commerce presence. Estee Lauder has fallen roughly 45% over the past seven months. ELF EL YTD mountain Estee Lauder vs. elf Beauty, YTD e.l.f.
Persons: Estée Lauder, Gen X, Nordstrom, Estee Lauder, Trump Organizations: Target, Walmart, Presidential, CNBC, NBC UNIVERSAL Locations: U.S, North America, United States, Asia, Europe, Americas, China, Estee
Finding the right names takes some additional legwork, and investors will want to consider the names highlighted by Wall Street analysts. Energy TransferThe first dividend stock pick this week is Energy Transfer (ET), a midstream energy company with over 130,000 miles of pipeline and related infrastructure across 44 states. The revised estimates also reflect the favorable impact of Sunoco's acquisition of NuStar Energy, as Energy Transfer owns about 21% of the outstanding common units of Sunoco. Diamondback EnergyWe move to independent oil and natural gas company Diamondback Energy (FANG). See Diamondback Energy Stock Charts on TipRanks.
Persons: Charlie Perez, Wall, Elvira Scotto, Scotto, TipRanks, FANG, Arun Jayaram, Jayaram, Diamondback Organizations: Cisco, Mobile, Nurphoto, Getty, Wall Street, Energy, RBC Capital, U.S, WTG, Holdings, NuStar Energy, Diamondback, Diamondback Energy, Endeavor Energy, JPMorgan, Endeavor Locations: Barcelona, Spain, Midland
Start with 'really low prices and really long hours'Carroll recommends putting in long hours and keeping prices minimal at first. She also kept her prices low to attract customers — sometimes she even did work for free to build up her portfolio. She's in touch with other successful Fiverr freelancers "and we all started the same way," she says, "really low prices and really long hours." 'Deliver really good work'Carroll also advises making sure your customer service is top notch. "You want to deliver really good work."
Persons: Victoria Carroll, Carroll, here's Organizations: Google, Apple, Nike, National Geographic, Adidas, Pepsi, Coke, CNBC Locations: Czech Republic, Fiverr
As President Joe Biden fought to remain in the presidential race this summer, advisers often argued there existed a “Biden coalition” — a cohort only the incumbent could hold together. A coalition of labor groups targeting union members in battleground states is pointing to Biden’s term in office. Coons noted the vice president has campaigned in Pennsylvania’s biggest cities, but also in places like Wilkes-Barre, Johnstown and Erie to reach the kinds of voters Biden has long considered his base. And for some voters whom Biden won in 2020, the message has shifted away from being about him. The union has held rallies and other organizing events there and in Michigan, Wisconsin and Nevada targeting its own and other union members.
Persons: Joe Biden, , Kamala Harris, Donald Trump, Sen, Bernie Sanders, Trump, Biden, Tim Walz, Harris ’, Biden’s, Walz, ” Walz, Chris Coons, “ Kamala Harris, Harris, Coons, ” Coons, ” Harris, , Randi Weingarten, ” Weingarten, aren’t, , we’ve, “ We’ve, , Harris —, Sanders, Harris “, Shawn Fain, Lisa Blunt Rochester, “ Biden, Harris’s, Andrew Bates Organizations: Biden, Democratic, Harris, Major League Baseball, American Federation of Teachers, Task Force, Organizing, Empowerment, Trump, Republican, Culinary, United Auto Workers Locations: Pennsylvania, Minnesota, Scranton , Pennsylvania, Arizona, Lansing , Michigan, Pennsylvania’s, Wilkes, Barre , Johnstown, Erie, Scranton, Scranton that’s, New Hampshire, Nevada, Michigan, Pittsburgh, LIUNA, Michigan , Wisconsin, Wisconsin, Delaware
Andrew Garfield and Florence Pugh star as a couple dealing with a cancer diagnosis in "We Live in Time." Advertisement"We Live in Time," the new film starring Florence Pugh and Andrew Garfield as a couple dealing with a cancer diagnosis, defies easy categorization. The movie, which is structured as a nonlinear narrative, follows the relationship between Tobias (Garfield), a Weetabix salesman, and Almut (Pugh), a former figure skater turned Michelin chef, over the course of a decade. The actors — and director — went through the emotional wringerGarfield plays Tobias in "We Live in Time." The ending of 'We Live in Time' was originally differentPugh and Garfield in "We Live in Time."
Persons: Andrew Garfield, Florence Pugh, John Crowley, Crowley, , Tobias, Garfield, Pugh, it's, It's, who's, Oscar, Saoirse Ronan, Peter, Almut, Ella, who'd, she's, I'm, we're Organizations: Service, London, BI Locations: Brooklyn, Tobias
CNN —Scattered across Florida’s hurricane-ravaged communities are piles of debris, remnants of what were once homes. Joe Kovach is trying to find the owner of a ring found among the debris left behind by Florida's two recent hurricanes. It is likely the owner of the ring is from Crystal Beach, Ozona, or Palm Harbor, Kovach said. He did not include a photo or description of the ring to ensure it is returned to the rightful owner who can accurately describe it. A fanny pack containing family photos and an arcade game card — and even a Social Security card whose owner Kovach was able to track down.
Persons: , Joe Kovach, , , there’s, ” Kovach, Hurricane Milton, Kovach, Hurricane Helene, Milton, Helene, won’t, fanny Organizations: CNN, Pinellas County Public, Public, Facebook, Danbury Mint, Social Security Locations: Tarpon Springs , Florida, Pinellas, Hurricane, Crystal Beach, Palm, Florida
They Used to Be Ahead in the American Economy. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. But over 40 years, even as their inflation-adjusted income has remained relatively flat, they’ve fallen well below the average income. In the reordering of the U.S. economy since 1980, white men without a degree have been surpassed in income by college-educated women. As the American economy has shifted over the past 40 years away from manufacturing and toward services and “knowledge” work, this less visible hierarchy within the economy has shifted, too.
Persons: Jobs, metalworkers, , , Kathy Cramer, David Autor, Tom Kochan, Susan Houseman, , Lisa Boscola, Arlie Hochschild, , appraisers, Cramer, Scott Paul, who’ve, Stephanie Ternullo, Boscola, they’re, Donald J, Noam Gidron, Trump, Rather, Biden, Kamala Harris, Stefanie Stantcheva, Stantcheva Organizations: University of Wisconsin, Workers, Labor, Upjohn Institute, Employment Research, Democratic, Bethlehem Steel, Berkeley, Alliance for American Manufacturing, Harvard, Electoral College, Democratic Party, Republican, Securities, Bank, Radio, Observers, Mr, Obama Locations: American, U.S, Wisconsin , Michigan, Pennsylvania, M.I.T, Manitowoc County, Wis, Wisconsin, Michigan, , I’m, America, Bethlehem, Pa
Tim Cook's path to becoming Apple's CEO started with an unglamorous job: waking up at 3 a.m. to deliver newspapers. Cook, now 63, started working at a young age, just 12 years old, to begin saving money, he told The Wall Street Journal on Sunday. "Throwing papers helped start my college education," said Cook, who became the first member of his family to attend college. DON'T MISS: The ultimate guide to negotiating a higher salaryAs a pre-teen, Cook found a job delivering the Mobile Press Register newspaper to start putting away money. "Everybody was expected to work in my family," said Cook, who described his daily routine at the time: "I'd get up at about 3 in the morning, pick up the stack of papers and start throwing.
Persons: Tim Cook's, Cook, Cook doesn't Organizations: Wall, Apple, The Washington, Mobile Press Register Locations: Robertsdale , Alabama
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