Yahoo FinanceWhy McDonald's stock 'should be higher,' according to a BTIG equity analyst
BTIG Managing Director of Equity Research Peter Saleh, who specializes in restaurants and food distribution, joins Yahoo Finance to discuss McDonald's earnings.
BTIG Managing Director of Equity Research Peter Saleh, who specializes in restaurants and food distribution, joins Yahoo Finance to discuss McDonald's earnings.
Nokia on Thursday beat quarterly operating profit expectations and forecast higher 2023 sales as the Finnish telecom equipment maker said it had been able to gain market share, benefitting from 5G roll-out in countries such as India. "We are taking market share now," Chief Executive Pekka Lundmark told Reuters, adding the growth was broad-based and calling India "the highlight of this story". Nokia shares opened up 5.8% in Helsinki.
"We stressed the need for international regional financial institutions, such as the Multilateral Development Banks, to improve credit facilities through clean, fair, transparent and accessible mechanisms," the document said. The 111-point "Declaration of Buenos Aires" from the Community of Latin American and Caribbean States' (CELAC) seventh summit described how effects of COVID-19, climate change and the war in Ukraine had rippled across the region. Venezuelan President Nicolas Maduro sent a recorded message saying he had chosen not to attend due to "permanent conspiracies, the permanent threat, calculated ambushes."
Amazon's surprise decision to shut down its AmazonSmile donation program has left thousands of its nonprofit beneficiaries disappointed and concerned about finding ways to replace the funding. The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase made by participating customers to the charity of their choosing. As of 2022, the company said it has donated $449 million to various charities. Before it ends the program next month, Amazon says, it will provide a f
BEIJING (AP) — The Chinese government says the United States should stop pressuring it on debt relief for Zambia and focus on averting a government default at home with possible repercussions for the global economy. The Chinese embassy in Zambia responded Tuesday to remarks by U.S. Treasury Secretary Janet Yellen, who said on a visit to the African nation this week that it’s crucial to address its heavy debt burden with China. “The biggest contribution that the U.S. can make to the debt issues o
Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions direct to consumers in North America and Europe, today announced that the Company will release its fourth quarter ended December 31, 2022 and fiscal year 2022 financial results before the markets open on Thursday, February 23, 2023.
RBC Royal Bank is increasing its prime rate by 25 basis points to 6.70 per cent from 6.45 per cent, effective January 26, 2023.
LONDON (Reuters) -Wizz Air is upbeat on summer demand for travel but more cautious than its competitors, forecasting a return to profit in its 2023-2024 financial year, helped by strong bookings, new capacity and the benefits of hedging fuel costs. Low cost rivals Ryanair, Europe's biggest airline, and Britain's easyJet have reported record bookings for summer holidays, in a sign that consumers are still keen on trips despite a looming recession. Asked if Wizz had seen the same, CEO József Váradi said: "Bookings are strong, but I don't want to get over-excited."
Forbes Magazine released its annual ranking of Canada's Best Employers today and Sheridan is first on the list. This is the fourth time Sheridan has been included in Forbes' ranking, moving from 8th spot in 2022.
Capital Group, one of the world's largest and most experienced active investment managers, today announced its board of directors has approved the election of leaders to new roles that will assume the management responsibilities of Tim Armour, Chairman and CEO and Rob Lovelace, Vice-Chair and President. Armour and Lovelace will both step down from Capital Group's management committee in October of this year.
WASHINGTON — Canada's international trade minister says the United States appears to be pressing ahead with what she calls "unjustified" duties on softwood lumber imports. Mary Ng says the anti-dumping and countervailing duties the U.S. imposes on Canadian softwood lumber are little more than a tax on American consumers. A raft of documents filed today by the U.S. Department of Commerce, just the latest in a series of reviews of the dispute, indicates the anti-dumping and countervailing duties a
(Reuters) -Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input costs and supply chain disruptions. The group, which has so far passed the steep cost increases on to customers including cosmetics firms and drinks makers, suffered from slowing sales in the latter half of 2022, driven by a decline in its flavours business in North America. Group sales increased by 5.3% on a like-for-like basis to 7.1 billion Swiss francs ($7.7 billion) in 2022, but grew only 2.9% on the same basis in the final quarter.
The 4680 is key to Tesla meeting a goal of halving battery costs and ramping up battery production nearly 100-fold by 2030. Together, the facilities will employ about 3,000 people, extending the electric vehicle maker's complex east of Reno, where it runs a battery joint venture with Japan's Panasonic Corp and makes vehicle parts and power backup systems. Panasonic currently supplies cells to the gigafactory, and Tesla assembles them into battery packs there.
VELDHOVEN, Netherlands (Reuters) -ASML Holding NV, Europe's largest technology company, beat fourth-quarter earnings forecasts on Wednesday and forecast a rise more than 25% in 2023 sales despite possible new curbs on its exports to China. "However, ASML’s structural prospects remain unchanged," they said in a note. CEO Peter Wennink said that although the economic outlook for 2023 is clouded by worries over the economy and growing semiconductor inventories, customers also see conditions improving toward the end of the year and China's economy recovering after the end of COVID-19 curbs.
Cision, a global comprehensive consumer and media intelligence and communications platform, today released its 2023 Global Comms Report: A Seminal Moment in partnership with PRWeek, highlighting an overall elevation of the role of strategic communicators within C-suites across the globe, with nearly half now reporting to the CEO. The sixth annual report examines the positioning of strategic communications professionals outlining feedback from 440 industry professionals across 10 countries about
Following the global success of PAW Patrol: The Movieâ„¢, Spin Master Entertainment, Nickelodeon Movies and Paramount Pictures today revealed a star-studded lineup of new and returning talent who will join Golden Globe winning Taraji P. Henson ("Empire", Muppets Haunted Mansion) for the upcoming sequel PAW Patrol: The Mighty Movieâ„¢. The CGI animated film, a Spin Master Entertainment production in association with Nickelodeon Movies, will be distributed by Paramount Pictures and is set for an exclu
French carmaker Renault and its Japanese partner Nissan are closing in on an overhaul of their automaking partnership, in what could mark a sweeping reset of their two-decade alliance. The partnership, which has grown to include junior member Mitsubishi Motors, was founded in 1999 and long dominated by former Renault and Nissan top executive Carlos Ghosn. It gave Nissan a 15% stake in Renault, on a par with the French state, but no voting rights.
Dave McKay says 'unprecedented liquidity' will provide powerful stimulus for recovery
The dollar edged higher against the euro on Thursday after data showed the U.S. economy maintained a strong pace of growth in the fourth quarter, backing the case for the U.S. Federal Reserve to maintain its hawkish stance for longer. A separate report from the Labor Department showed initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 186,000 for the week ended Jan. 21. "A somewhat mixed picture painted by the U.S. data," said Stuart Cole, head macro economist at Equiti Capital in London.
IDENTOS Inc., a leader in digital identity and access management, launched the latest Federated Privacy Exchange (FPX) version of its identity and authorization software API offering as a strong kick-off to 2023.
(Reuters) -U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks. On Thursday, American Airlines, JetBlue Airways Corp and Alaska Air Group forecast better-than-expected full-year earnings. Airlines are cashing in as consumers snap up tickets following a pandemic-induced slump, making the industry a rare bright spot as markets grasp with runaway inflation, rising interest rates and economic uncertainty.