McDonald’s Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois.Richa Naidu | ReutersA week after health authorities publicly linked a deadly E. coli outbreak to McDonald’s Quarter Pounder burgers, the company’s CEO, Chris Kempczinski, told investors that the situation is now behind them.”How we’ve handled the issue, now that we’re moving … we view it as being behind us,” Kempczinski said on the company’s call Tuesday.During his prepared remarks, he said that the “situation appears to be contained.”On Sunday, McDonald’s said Quarter Pounder burgers would return to roughly a fifth of its U.S. footprint…
Author: usaeverydaylife
Eyes are on megacap tech earnings this week, and it is a big one for Google parent Alphabet as the tech behemoth faces several questions around its artificial intelligence spending spree and scrutinized dominance in online search. Alphabet is set to post its third-quarter financial report after the closing bell on Tuesday. Several analysts maintained their buy ratings ahead of the results and expect AI-driven gains to appear in its search and YouTube segments. Still, the consensus revenue estimate implies Alphabet could post its slowest year-over-year growth since the third quarter of 2023 . Analysts polled by LSEG expect Alphabet…
GitHub CEO Thomas Dohmke speaks at the Collision conference in Toronto on June 27, 2023.Chloe Ellingson | Bloomberg | Getty ImagesMicrosoft has a very expensive and very public relationship with artificial intelligence startup OpenAI. But one of Microsoft’s most successful AI products, GitHub Copilot, is now going beyond OpenAI to give developers more choice in what models they want to use.GitHub, which Microsoft acquired in 2018, said in a blog post on Tuesday that developers will be able to power the GitHub Copilot Chat feature with Anthropic’s Claude 3.5 Sonnet model or Google’s Gemini 1.5 Pro model, as alternatives to…
Back in the dark days of the 1980s, Manchester United used to run an advert in their official match programme with the slogan: “This season we mean business!”It became a standing joke among fans once this slogan was not only retained beyond the miserable first few months of one campaign but well into the next.But there was always a belief within the game that United, having fallen into decline after winning their first European Cup in 1968, would rise again.Liverpool were English football’s dominant force, but the Merseyside club’s chief executive Peter Robinson often warned of the danger that “that…
Apple’s new Mac Mini is smaller than its predecessor.AppleApple announced on Tuesday new Mac Mini models, featuring the first major redesign since 2010 that makes the desktop computer significantly smaller.Aside from a redesign that shrunk the case and reduced the computer’s volume in half, the main upgrade on these new computers is that they include Apple’s latest chip, either the M4, or a more powerful version called the M4 Pro.The Mac Mini is Apple’s least-expensive Mac, starting at $599, and does not include a display, which is sold separately. When the product line was first introduced in 2008, it was…
When Eli Lilly reports third-quarter earnings on Wednesday, investors will be focusing closely on the pace of growth of its key diabetes and obesity drugs, Mounjaro and Zepbound, and potentially bracing for big stock moves. The pharmaceuticals giant has been on a hot streak, exceeding Wall Street’s expectations for five straight quarters. Analysts surveyed by LSEG predict Lilly will earn $1.47 per share on revenue of $12.11 billion in the third quarter. Its last two quarterly reports have resulted in big gains for the stock, which jumped 9.5% and 6%, respectively. But according to Bespoke Investment Group, Lilly tends to…
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesRIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel of finance CEOs in Riyadh.”The end of financial repression, of zero interest rates and zero inflation, that era is over. Interest rates will be higher, will be challenged around the world. And the end of ‘the end of history’ — geopolitics are back and will be part of the…
Following a victory over the Dallas Cowboys on Sunday, San Francisco 49ers defensive end Nick Bosa interrupted several teammates’ postgame interview with NBC’s Melissa Stark to point both index fingers at the front of his white baseball cap. The words “Make America Great Again” were stitched in gold capital letters.Presumably, the goal was to show support for former president Donald Trump, who used the slogan as a campaign rallying cry. He won in 2016, lost re-election in 2020 and has adopted the message again this year in his bid for a second term. Nick Bosa crashed the SNF postgame interview…
Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California.Getty ImagesAdidas has reached an out-of-court settlement with rapper Ye to end all legal proceedings between them, the sportswear brand said on Tuesday, adding that no money changed hands in the agreement.Adidas and Ye had been embroiled in multiple lawsuits for the past two years since the German company ended a partnership with the rapper previously known as Kanye West over antisemitic comments he made.”There isn’t any more open issues, and there is no… money going either way, and we both move on,” CEO…
It’s time to go all in when it comes to the small-cap rotation, according to Citi. After years of stock market domination by megacap technology titans, small-cap stocks are finally having their moment in the sun. The Russell 2000 has risen nearly 11% year to date, although this gain still pales in comparison to the S & P 500 ‘s 22% rally during the same period. Investors have increasingly been shifting their focus toward smaller companies, especially as the Federal Reserve has hinted at more interest rate reductions on the horizon. Since small-cap stocks generally have more floating-rate debt than…
