A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may finally be alienating customers. In October, CEO Brian Niccol said the company saw “minimal resistance” to higher prices for … Read more
LONDON — “Back to her old self again” was how one erstwhile colleague described Liz Truss, who made her return to the U.K.’s front pages at the weekend. That’s exactly what Rishi Sunak and his allies were afraid of. Truss, who spent 49 turbulent days in No. 10 Downing Street last year, is back. After … Read more
A tanker truck travels towards a petrochemical production complex on the outskirts of Shanghai, China, on Tuesday, March 1, 2022. Oil extended its relentless rally before an OPEC+ meeting as the International Energy Agency warned that global energy security is under threat following Russia’s invasion of Ukraine. Photographer: Qilai Shen/Bloomberg
Market Movers rounds up the best trade ideas from investors and analysts throughout the day. The pros discussed Tesla , after its CEO Elon Musk sold about 22 million shares of the electric vehicle company’s stock, worth about $3.6 billion . RBC lowered its price target on the stock, but reiterated it as outperform . … Read more
The century-old college, named after the American financier and statesman, lacks the trappings of the nation’s prestige mills.
China’s economic activity worsened in November before the government abruptly dropped its Covid Zero policy, with more disruption to growth likely as infections surge.
Here are key takeaways from the Fed’s interest-rate decision and updated forecasts for borrowing costs and economic indicators.
Here are Wall Street’s biggest calls on Wednesday: Bernstein reiterates Amazon as outperform Bernstein said it remains bullish on the e-commerce giant heading into 2023. “Amongst the uncertain backdrop, Amazon continues to look like the safest place in eCommerce after taking share in 3Q and likely continuing to do so in 4Q.” Wells Fargo downgrades … Read more
Binance CEO Changpeng Zhao on Wednesday said that the situation has “stabilized” at his cryptocurrency exchange, in a bid to assuage investors’ fears after the company was forced to halt withdrawals of a stablecoin. Zhao said that around $1.14 billion of net withdrawals took place on Tuesday, but tweeted that this was “not the highest … Read more
