BMO downgrades Wendy's, says rising prices will hurt fast-food chain
The outlook for Wendy’s is not looking as bright as some of its big-name peers in this environment of rising inflation, BMO Capital Markets said Monday.
The outlook for Wendy’s is not looking as bright as some of its big-name peers in this environment of rising inflation, BMO Capital Markets said Monday.
A bitcoin ATM inside a shop in Finsbury Park, London, on Feb. 4, 2022. Luke MacGregor | Bloomberg | Getty Images LONDON – Over 50 cryptocurrency companies have been sent enforcement notices by the UK’s advertising watchdog as part of a regulatory crackdown on promotions in the industry. The Advertising Standards Authority said Tuesday it … Read more
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Alibaba, Baidu, JD.com – Shares of the China-based e-commerce companies fell midday after JPMorgan Chase downgraded the stocks to underweight. Their stocks tumbled … Read more
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A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King announced Thursday it has halted corporate support for its 800-plus franchised restaurants in Russia. The Restaurant Brands International chain said it will refuse approvals for any investment or expansion. The suspension also … Read more
A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects that its Russian shutdown will cost the fast-food giant roughly $ 50 million a month until it reopens its restaurants there. The Chicago-based company announced Tuesday that it would temporarily shutter its Russian locations as Putin’s forces continue their … Read more
Here are the biggest calls on Wall Street on
An illustration of a Live Nation Entertainment logo is seen on a smartphone and a pc screen. SOPA Images | Getty Images Check out the companies making headlines in midday trading Thursday. Live Nation – Shares of the live event producer popped more than 6% after the company reported a better-than-expected quarterly revenue. Live Nation … Read more
Check out the companies making headlines before the bell: Live Nation (LYV) – The live event producer’s shares jumped 5.4% in a down market after reporting better-than-expected quarterly revenue and saying it has already sold 45 million tickets for 2022 events even as ticket prices rise substantially. SeaWorld Entertainment (SEAS) – The theme park operator … Read more
Here are the biggest calls on Wall Street on