Wingstop Inc. shares jumped in premarket trading after the company reported domestic same-store sales that contracted less than what was predicted, and better-than-expected earnings, easing fears of a marked slowdown at the chicken chain. The stock rose as much as 19% ahead of the open, before paring gains to be up 13% as of 8:05 am New York time. Wingstop’s domestic same-store sales for the fourt...
Wingstop Inc. shares jumped in premarket trading after the company reported domestic same-store sales that contracted less than what was predicted, and better-than-expected earnings, easing fears of a marked slowdown at the chicken chain. The stock rose as much as 19% ahead of the open, before paring gains to be up 13% as of 8:05 am New York time. Wingstop’s domestic same-store sales for the fourth quarter fell 5.8%, less than analysts’ expectations of a 6.7% decrease, according to a statement Wednesday. Adjusted earnings per share of $1 beat the 83 cents anticipated. It forecast 2026 domestic same-store sales to grow at a flat to low-single-digit percentage, signaling a through after three consecutive quarters of steepening declines. Analysts’ polled by Bloomberg expect a 2% increase this year. The results come as a welcome surprise after analysts had warned the chain’s heavy exposure to lower-income, Hispanic and younger consumers — groups that have pulled back the most on dining out — could weigh on results. It also indicates sales are benefiting from the rollout of “smart kitchens,” aimed at improving food quality and order accuracy, along with potential tailwinds from the World Cup and the company’s loyalty program.
(RTTNews) - Upwork Inc. (UPWK), a provider of platforms and workforce solutions, on Wednesday announced that its board has approved a new $300 million share repurchase program.
(RTTNews) - Upwork Inc. (UPWK), a provider of platforms and workforce solutions, on Wednesday announced that its board has approved a new $300 million share repurchase program.
Wall Street stock futures were pointing higher on Wednesday morning with the tech-led Nasdaq expected to lead gains as the sector rotation continues to hold back large-scale index moves. Nasdaq 100 futures were up 0.45%, while those for the S&P 500 were pointing 0.3% higher and Dow Jones...
Wall Street stock futures were pointing higher on Wednesday morning with the tech-led Nasdaq expected to lead gains as the sector rotation continues to hold back large-scale index moves. Nasdaq 100 futures were up 0.45%, while those for the S&P 500 were pointing 0.3% higher and Dow Jones...
If you are wondering whether Alphabet is still a good entry or add-on at around US$302.02 per share, the key question is how that price stacks up against what the business might reasonably be worth. The stock has pulled back recently, with a 5.2% decline over the last 7 days and an 8.5% decline over the last 30 days, even though the 1 year return sits at 65.0% and the 3 year return is very large. ...
If you are wondering whether Alphabet is still a good entry or add-on at around US$302.02 per share, the key question is how that price stacks up against what the business might reasonably be worth. The stock has pulled back recently, with a 5.2% decline over the last 7 days and an 8.5% decline over the last 30 days, even though the 1 year return sits at 65.0% and the 3 year return is very large. Recent headlines have focused on Alphabet's position in artificial intelligence and its ongoing...
Singer with a powerful four-octave range whose hits with Three Dog Night included Joy to the World In the early 1970s, the pop-rock group Three Dog Night were selling more records and concert tickets than any other artists in America, and scored 21 consecutive US Top 40 hits, including three No 1s. Chuck Negron , who has died aged 83 after suffering from chronic obstructive pulmonary disease (COPD...
Singer with a powerful four-octave range whose hits with Three Dog Night included Joy to the World In the early 1970s, the pop-rock group Three Dog Night were selling more records and concert tickets than any other artists in America, and scored 21 consecutive US Top 40 hits, including three No 1s. Chuck Negron , who has died aged 83 after suffering from chronic obstructive pulmonary disease (COPD) and heart failure, was a founder member of the group, and his powerful voice and four-octave range made him a crucial component of their sound. His luxuriant moustache also became an unmistakable visual trademark. The group divided up their songs between three lead vocalists, with Danny Hutton and Cory Wells alongside Negron, but it was Negron’s voice to the fore on such hits as One , Easy to Be Hard, Old Fashioned Love Song, The Show Must Go On and Joy to the World . Continue reading...
FTSE 100 climbs 112 points to 10,668 BAE Systems and Glencore lead risers after results Inflation eases to further raise BoE rate cut hopes 1.07pm: US futures edge higher, as rotation flagged Wall Street stock futures have improved over the past few hours, with the tech-led Nasdaq...
FTSE 100 climbs 112 points to 10,668 BAE Systems and Glencore lead risers after results Inflation eases to further raise BoE rate cut hopes 1.07pm: US futures edge higher, as rotation flagged Wall Street stock futures have improved over the past few hours, with the tech-led Nasdaq...
Fotostorm | E+ | Getty Images Welcome to the "boomcession." The term is a portmanteau of the words "boom" and "recession." It highlights how the average American doesn't feel like they're reaping the benefits of an economy that is — on paper — humming along, according to creator Matt Stoller . Economic output and the stock market are surging, consumers are spending big and the post-pandemic recess...
Fotostorm | E+ | Getty Images Welcome to the "boomcession." The term is a portmanteau of the words "boom" and "recession." It highlights how the average American doesn't feel like they're reaping the benefits of an economy that is — on paper — humming along, according to creator Matt Stoller . Economic output and the stock market are surging, consumers are spending big and the post-pandemic recession that many expected never materialized. But many feel terrible about their finances, with debt at all-time highs, and the majority of Americans incorrectly believe the country is in an economic slowdown. "Traditionally, the economy is doing really well," said Stoller, an antimonopoly advocate and research director at the American Economic Liberties Project, a nonpartisan thinktank. "But ordinary people are saying they're not." What's in a name? It's thematically similar to the "vibecession," a term popularized in 2022 to explain the disconnect between solid economic data and negative consumer sentiment readings exiting the pandemic. It can also draw comparisons to the "K-shaped economy," a phrase illustrating how Americans can feel vastly different depending on their income bracket. Stoller's "boomcession" framework aims to bring awareness beyond opinion to the material financial hardships faced by those not in America's uppermost echelons, he said. Once that's contextualized, it's easier to understand why many Americans believe the national economic engine they help power isn't propelling them forward, Stoller said. On its surface, Stoller said the "boomcession" theory can help explain why data in recent years shows that U.S. GDP growth hasn't correlated with better consumer sentiment readings. That marks a significant break from the typical trend seen over the past six decades. "I've never seen anything like it," said Diane Swonk, chief economist at consulting firm KPMG. "I've been doing this for 40 years. And that's a long time to never see anything like this." Inflat...
Wellgistics Health ( WGRX ) said on Wednesday it has completed a strategic investment in a San Francisco-based mental health artificial intelligence startup, as it seeks to expand into the mental health software market. The investment builds on the company’s partnership with Tollo Health and supports its collaboration with NFL Alumni Health, the company said. Wellgistics said it is increasing its ...
Wellgistics Health ( WGRX ) said on Wednesday it has completed a strategic investment in a San Francisco-based mental health artificial intelligence startup, as it seeks to expand into the mental health software market. The investment builds on the company’s partnership with Tollo Health and supports its collaboration with NFL Alumni Health, the company said. Wellgistics said it is increasing its focus on patient engagement to improve prescription drug compliance and support patients initiating GLP-1 drug treatments, including through digital tools integrated with its pharmacy network. The company cited industry data projecting growth in the mental health software market from $6.3 billion in 2025 to $18.1 billion by 2033. WGRX +4.81% premarket to $0.27. Source: Press Release More on Wellgistics Health Seeking Alpha’s Quant Rating on Wellgistics Health Financial information for Wellgistics Health
Eoneren/E+ via Getty Images As AI companies raise billions of dollars to finance AI infrastructure projects, corporate bond supply is surging. Rachana Bhat, Vice President and Director, Investment Grade Credit Portfolio Management, TD Asset Management, joins MoneyTalk to discuss the long-term growth and potential refinancing risks of AI’s building boom. Transcript Greg Bonnell: The AI hyperscalers...
Eoneren/E+ via Getty Images As AI companies raise billions of dollars to finance AI infrastructure projects, corporate bond supply is surging. Rachana Bhat, Vice President and Director, Investment Grade Credit Portfolio Management, TD Asset Management, joins MoneyTalk to discuss the long-term growth and potential refinancing risks of AI’s building boom. Transcript Greg Bonnell: The AI hyperscalers have unveiled billions of spending this year, with some companies doubling the amount they plan to spend on development compared to last year. That news hasn't been taken all that well by the equity market this round. How is the bond market viewing all this? Joining us now to discuss is Rachana Bhat, VP and director of Investment-Grade Credit Portfolio Management with TD Asset Management. Rachana, always great to have you here with us. Rachana Bhat: Likewise. Great to be here. And Happy Friday. Greg Bonnell: Happy Friday, indeed. AI keeps being the big story. The hyperscalers had been promising, heading to this year, big spending. We just came out of an earnings period. What did they actually tell us about their spending plans? Rachana Bhat: Yeah, Greg, so what we've learned is, the spending is not slowing-- it's accelerating. So when you look at the big hyperscalers, which is Amazon ( AMZN ), Alphabet ( GOOGL ), i.e., Google-- there's Microsoft ( MSFT ), Meta ( META ), and Oracle ( ORCL ). They are spending-- or they came into the year expecting that they'll spend more than $500 billion combined. But that number was revised to more than $650 billion. So that's up about 65% since last year's spending. Now, most of that upside surprise in capex has actually come from Amazon and Google-- so thankfully, companies that have very, very solid balance sheets. Now, that's for the year. Now, when you think about, call it, the next five years, the spending expectation is for $5 trillion. So let's say, on an average, $1 trillion combined for those five hyperscalers. Let me contextual...