Wendy’s is closing 140 restaurants
Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can generate better business for Wendy’s. The restaurants targeted to close are “outdated and located in underperforming” areas, Wendy’s CEO Kirk Tanner […]
Amazon stock pops after Q3 earnings beat
Amazon (AMZN) stock popped almost 6% in premarket trading on Friday after the company reported stronger revenue and earnings per share for the third quarter than Wall Street expected. The company said on Thursday that it expects revenue in a range of $181.5 billion to $188.5 billion in the fourth quarter. Analysts had forecast $186.36 […]
US job openings drop to more than 3-1/2 year low in September
WASHINGTON, Oct 29 (Reuters) – U.S. job openings fell to the lowest level in more than 3-1/2 years in September and data for the prior month was revised down, pointing to a considerable easing in labor market conditions. Job openings, a measure of labor demand, dropped by 418,000 to 7.443 million by the last day […]
JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’
JPMorgan Chase has begun suing customers who allegedly stole thousands of dollars from ATMs by taking advantage of a technical glitch that allowed them to withdraw funds before a check bounced. The bank on Monday filed lawsuits in at least three federal courts, taking aim at some of the people who withdrew the highest amounts in the so-called […]
TD a ‘ways off’ from being an attractive investment following charges: portfolio manager
BNN Bloomberg One portfolio manager says Toronto Dominion Bank is still far away from being an attractive investment opportunity after the lender pleaded guilty to failing to prevent money laundering by criminals in the U.S. Bloomberg News reported Thursday that two of the bank’s U.S. units entered guilty pleas to charges before a U.S. federal judge […]
HSBC launches $1 billion planned share buyback
HSBC has kicked off its planned $1 billion share buyback on Wednesday, as it seeks to redeploy excess capital and reward shareholders.
Air Canada earnings: Recovery ‘strong and well underway’ despite Omicron
Alicja Siekierska Fri, February 18, 2022 Air Canada’s (AC.TO) chief executive officer says the recovery from the COVID-19 pandemic remains “strong and well underway,” as more people book travel for 2022 and despite the impact of the Omicron variant. CEO Michael Rousseau told analysts on a conference call Friday morning that while the Omicron variant […]
Shopify stock sinks on revenue warning amid easing COVID restrictions
Shopify Inc.’s stock plummeted to the lowest level in nearly two years Wednesday after the e-commerce giant warned that its revenue growth will slow this year as the globe eases up on restrictions meant to quell the COVID-19 pandemic. The Ottawa-based company’s stock fell to a low of $914 as it announced it expects revenue growth for […]
Potential Russian invasion of Ukraine could tip economies into an ‘outright recession’ – Morgan Stanley
Anna Golubova Monday February 14, 2022 With risk asset returns already under a lot of uncertainty, Morgan Stanley is warning that a potential war in Ukraine could tip some economies into a recession and present a ‘polar vortex’ risk to stocks. A potential Russian military action in Ukraine “materially increases the odds of a polar […]
Gold price remains down as annual U.S. CPI rises 7.5% in January; another 40-year high
Neils Christensen Thursday February 10, 2022 The gold market continues to see some technical selling pressure and is finding little bullish traction following hotter than expected inflation data. Thursday, the U.S. Labor Department said its U.S. Consumer Price Index rose 0.6% in January, after a 0.5 rise in December. The data beat consensus forecasts as economists were […]