In a bid to regain the trust and patronage of lower-income consumers, McDonald’s has announced an extension of its popular $5 value meal through December in numerous U.S. markets. This strategic decision comes after franchisees overwhelmingly supported the move, with approximately 80% voting in favor of keeping the deal alive. Meanwhile, discussions about further extensions
Sales
The news of the debate between Republican nominee Donald Trump and Democratic Vice President Kamala Harris has had a significant impact on the stock prices of Trump Media & Technology. The company, which is majority owned by the former president, saw its shares slide more than 11% following the debate. Rentokil Initial, the parent company
Mission Produce, known for their avocados, experienced a massive surge of 21.6% in premarket trading. The company reported an impressive revenue increase of 24% for the fiscal third quarter compared to the previous year. Sales skyrocketed to $324 million, up from $261.4 million in the same period last year. Rival avocado producer Calavo Growers saw
Discount home goods retailer Big Lots recently filed for bankruptcy protection due to a combination of high interest rates and a sluggish housing market. The company, known for its low-priced furniture and decor, agreed to sell its business to private equity firm Nexus Capital Management for approximately $760 million. This deal includes $2.5 million in
Alimentation Couche-Tard, a Canadian retailer, has expressed its willingness to engage in confidential discussions with Japanese retail giant Seven & i Holdings regarding its $38.5 billion takeover offer. This offer has sparked interest in the stock market, with Seven & i shares rising by 3% in early Tokyo trading. However, Seven & i has raised
Casa Bonita Mi Amor!, a documentary featuring Trey Parker and Matt Stone, stood out in the Denver market with its impressive performance at the box office. Despite being screened in only one theater, the film managed to attract a large audience and generate significant revenue. The Alamo Denver, one of the theaters showing the film,
At the beginning of September, the U.S. stock market faced some challenges, but investors looking for stock recommendations can turn to the insights of top Wall Street analysts. One such recommendation is Planet Fitness (PLNT), a company that operates over 2,600 fitness centers globally. Following better-than-expected results for the second quarter, Baird analyst Jonathan Komp
In a bold move to revolutionize the gaming industry, Roblox recently announced that select game developers on its platform will now have the option to charge users real money for playing games, moving away from the reliance on the platform’s digital currency, Robux. This strategic shift is specifically applicable to Paid Access games, where users
The former head of the People’s Bank of China, Yi Gang, emphasized the importance of focusing on boosting domestic demand in China during the Bund Summit in Shanghai. He highlighted the need to address deflationary pressures by improving domestic demand and effectively managing challenges such as the real estate market and local government debt issues.
As we delve into the world of stock trading and investment trends, it is crucial to observe the performance of different companies and sectors. One such example is Broadcom, a tech giant that has been making waves in the industry. With a significant presence in the VanEck Semiconductor ETF (SMH), Broadcom holds the title of
The fall box office season is looking brighter than ever with the highly anticipated release of Beetlejuice Beetlejuice. Warner Bros. is set to make up for their string of summer flops with the Tim Burton-directed sequel that is already generating buzz. The movie is eyeing a global start with estimates as high as $145 million,
The landscape of cannabis consumption is undergoing a significant shift, and this change is evident with the emergence of high-end cannabis dispensary stores on Fifth Avenue in New York City. While this iconic area is known for its upscale retailers like Cartier and Saks, it now also offers a unique shopping experience that includes purchasing
China’s manufacturing sector experienced a slowdown in August, hitting a six-month low, according to an official factory survey released recently. This decline has raised expectations that policymakers will introduce new strategies to channel more stimulus towards households rather than infrastructure projects. Manufacturing PMI Decline The official Purchasing Managers’ Index (PMI) dropped to 49.1 in August,
Dell reported its quarterly results, exceeding Wall Street’s expectations with a significant increase in server sales. The company’s revenue for the fiscal second quarter stood at $25.03 billion, surpassing the estimated $24.53 billion. The earnings per share (EPS) also outperformed predictions at $1.89 adjusted, compared to the anticipated $1.71. This positive outcome led to a