If there’s a theme for retailers this earnings season, and especially for dining, it might be crystallized in the comments this week from McDonald’s CEO Chris Kempczinski, who told analysts: “Consumers continue to be even more discriminating with every dollar that they spend as they...
ShipBob is reportedly planning to launch its initial public offering (IPO) as soon as late 2024. The listing could value the eCommerce fulfillment service provider at about $4 billion, Bloomberg reported Friday (April 19), citing unnamed sources. The firm has tapped J.P. Morgan Chase to...
The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and the latter saying its lending dropped 1%, the Financial Times (FT) reported Tuesday. With their earnings reports...
The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain economic climate in which investors are unsure if the Federal Reserve will cut interest rates later this year, Reuters reported Tuesday (April 16). Citigroup...
May 01, 2024
If there’s a theme for retailers this earnings season, and especially for dining, it might be crystallized in the comments this week from McDonald’s CEO Chris Kempczinski, who told analysts: “Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending.” He was referring, […]
April 15, 2024
Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the CE 100 Index, especially on...
January 15, 2024
Friday heralded the official kick off of earnings season, with banks leading the charge. Within the CE 100 Index, gains seen in the work segment were blunted by the bank...
January 08, 2024
Out with the old and in with the new, as they say. For the CE 100 Index, completing its first (shortened) week of trading, the initial trading days resulted in...
May 13, 2024
Citi is enhancing its Premier credit card to offer new benefits and protections for travelers. The banking giant’s Strata Premier card, announced Monday (May 13), offers increased benefits and more opportunities to earn rewards, and comes amid a surge in spending on travel across age and income brackets. “We heard from our cardmembers that they want to […]
April 19, 2024
ShipBob is reportedly planning to launch its initial public offering (IPO) as soon as late 2024. The listing could value the eCommerce fulfillment service provider at about $4 billion, Bloomberg...
April 16, 2024
The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16) that lending was “sluggish” and...
April 16, 2024
The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain economic climate in which investors...
