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.
New data shows job openings fell in October even though hiring remains healthy.
The holiday season is here and it could be a stressful time as people plan shopping, cooking and traveling. Sally Holmes, editor-in-chief of InStyle Magazine, joined Cheddar News to discuss a new social media trend #Treatculture that helps people take a moment to treat themselves and how that is a psychological benefit to relieve stress.
English Wikipedia raked in more than 84 billion views this year, according to numbers released Tuesday by the Wikimedia Foundation, the non-profit behind the free, publicly edited online encyclopedia. And the most popular article was about ChatGPT (yes, the AI chatbot that’s seemingly everywhere today).
Wikipedia has released its list of most viewed articles for 2023 with the site seeing over 84 billion visits. The most searched topic was ChatGPT with nearly 50 billion page views
Closing arguments are happening in a federal trial over whether Jetblue Airways will be allowed to buy Spirit Airlines for $3.8 billion.
Johnson and Johnson is reportedly looking to settle multiple lawsuits claiming that its baby powder causes cancer, according to Bloomberg.
Wells Fargo said it could face nearly $1 billion in severance costs in the fourth quarter.
The Supreme Court on Tuesday dismissed a case surrounding a Maine hotel that could have made it harder for people with disabilities to learn in advance whether a hotel's accommodations meet their needs.
The highly-anticipated trailer for Grand Theft Auto VI is out earlier than expected.
AT&T announced a new partnership with Swedish communications company Ericsson.
