The fast–food industry has long been known for its value meals and deals, with chains often competing to offer the best prices to attract customers. However, recent trends in consumer behavior and economic factors have forced many fast-food restaurants to reassess their pricing strategies. Over the past decade, Subway’s iconic $5 footlong deal has faded
Industry
Renowned trader Peter Brandt did not hold back when responding to economist Peter Schiff’s criticisms of Bitcoin. Schiff’s comments on Bitcoin being a “best kept secret” were met with Brandt’s sharp rebuttal, pointing out the vast difference in attendance between Bitcoin and gold conferences. Brandt’s response highlighted the changing landscape of investment preferences, with more
The cryptocurrency market experienced significant growth in premarket trading, with Bitcoin leading the way. Bitcoin, the world’s largest digital asset, surged over 4.7% in the past 24 hours, reaching a price of $67,346.0 as of 09:49 GMT. This upward trend helped Bitcoin recover some of its recent losses, with investors closely watching the market as
Bitcoin price experienced a significant rise on Friday, bouncing back from losses earlier in the week. The world’s largest cryptocurrency surged by 4.2% in the past 24 hours, reaching $67,006.2 by 02:07 ET (06:07 GMT). This recovery came after Bitcoin had dropped to lows of around $63,000 due to a wave of selling pressure in
The automotive industry took a hit this week as major U.S. automotive stocks experienced a decline. Ford Motor, in particular, faced a significant drop of more than 17% in early trading Thursday, marking its worst decline since 2009. The company missed Wall Street’s bottom-line earnings expectations, largely due to ongoing warranty problems. General Motors and
In a bold move, Charlie Visconsi and Ron Van Den Handel have departed from Preston Hollow Community Capital to establish V2 Municipal Capital, a firm dedicated to sourcing high-yield municipal deals in partnership with alternative asset manager Fundamental Advisors. This new venture marks a significant shift in the landscape of municipal finance, as Visconsi and
Ford Motor recently reported its second-quarter earnings, falling short of Wall Street’s expectations on earnings per share while exceeding revenue estimates. The automaker faced challenges due to warranty costs that have been an ongoing issue for several years. Despite beating revenue projections, Ford’s stock took a hit, dropping about 11% after the markets closed. The
Chipotle Mexican Grill reported quarterly earnings and revenue that exceeded analysts’ expectations, showcasing its ability to thrive in a challenging market environment. The company’s earnings per share of 34 cents adjusted versus the expected 32 cents, and revenue of $2.97 billion compared to the projected $2.94 billion, reflect its strong performance in the second quarter.
The recent tech sell-off has sparked concern among investors and hedge fund manager Dan Niles. Niles believes that the market’s response to Google parent Alphabet’s quarterly results serves as a wake-up call for investors. The significant drop in shares on Wednesday, by as much as 5%, indicates that there may be growing impatience among investors
As demand for carbon-free energy continues to grow, NextEra Energy is evaluating the possibility of restarting the Duane Arnold Energy Center in Palo, Iowa. The plant halted operations in 2020 after serving for 45 years. NextEra CEO John Ketchum emphasized the need for a comprehensive risk assessment before making a decision on restarting the reactor.