Business

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of new locations in areas it believes can generate better business for Wendy’s. The restaurants targeted to close are “outdated and located in underperforming” areas, Wendy’s CEO Kirk Tanner …

Wendy’s is closing 140 restaurants Read More »

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 …

Amazon stock pops after Q3 earnings beat Read More »

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 …

US job openings drop to more than 3-1/2 year low in September Read More »

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 …

JPMorgan begins suing customers who allegedly stole thousands of dollars in ‘infinite money glitch’ Read More »

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 …

Air Canada earnings: Recovery ‘strong and well underway’ despite Omicron Read More »

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 …

Shopify stock sinks on revenue warning amid easing COVID restrictions Read More »

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 …

Potential Russian invasion of Ukraine could tip economies into an ‘outright recession’ – Morgan Stanley Read More »

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 …

Gold price remains down as annual U.S. CPI rises 7.5% in January; another 40-year high Read More »