Barclays just hosted its 2017 Eat, Sleep, Play Conference, focusing in on a number of restaurant players. Jeffrey Bernstein, Senior Restaurant Analyst at Barclays was with us to discuss the biggest takeaways from the event.
Despite believing that Shake Shack is head of the class in the better-burger category, Bernstein is maintaining his "Equal Weight" rating for the stock. The analyst points to the fact its shares trade at much higher valuations than its peers. However, he says this is mostly justified because of the rate Shake Shack is opening up stores and growing revenue.
Bernstein also touches on Domino's Pizza and how the chain stacks up against Papa John's and Pizza Hut. Recently, Papa John's said sales were impacted by the kneeling in the NFL. Bernstein says Domino’s was not willing to make a comment like that. He adds Domino's is still bullish on advertising in big sports events because it is still generating a return for them. They are, however, starting to do a lot more online marketing, says Bernstein.
Astronauts will have to wait until next year before flying to the moon and another few years before landing on it. NASA on Tuesday announced the latest round of delays in its Artemis moon-landing program.
The Biden administration has enacted a new labor rule that aims to prevent the misclassification of workers as independent contractors. The labor department rule going into effect Tuesday replaces a scrapped Trump-era standard that lowered the bar for classifying employees as contractors
The KC-46 was to be the ideal candidate for a fixed-price development program. Instead, it has cost Boeing billions, and made industry wary of such deals.
Dave Long, CEO and Co-Founder of Orangetheory Fitness joins Cheddar to chat trends in the industry for 2024. He updates us on the company's plans to expand and what the state of the economy has meant for business.
One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric spinoff GE Vernova as part of a record equipment order and long-term service deal.
A moon landing attempt by a private US company appears doomed because of a fuel leak on the newly launched spacecraft. Astrobotic Technology managed to orient the lander toward the sun Monday so its solar panel could capture sunlight and charge its onboard battery.
Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database that collects ownership information intended to help unmask shell company owners. Yellen says the database will send the message that “the United States is not a haven for dirty money.”
A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply.
