Author: Press Room
When it comes to dining out, customers say Shake Shack SHAK, +0.55% has gotten far too pricey for what it’s dishing out. And that’s despite the fact that it’s even not the most expensive of the fast-casual and fast-food restaurant chains. That’s the big takeaway from a study by Stifel SF, +0.82%, the wealth-management and investment-banking firm. The report looked at menu pricing at several popular chains, and it also looked at how customers rated these restaurants in terms of value — and highlighted which ones left them hungry for more. So, what’s the most expensive chain, based on the…
© Reuters. Japan stocks higher at close of trade; Nikkei 225 up 0.17% Investing.com – Japan stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Tokyo, the rose 0.17%. The best performers of the session on the were Tokyo Electron Ltd. (TYO:), which rose 2.22% or 335.00 points to trade at 15,400.00 at the close. Meanwhile, Okuma Corp. (TYO:) added 2.15% or 120.00 points to end at 5,700.00 and Ricoh Co., Ltd. (TYO:) was up 2.03% or 20.00 points to 1,007.00 in late trade. The worst performers…
By Geoffrey Smith Investing.com — The surprise production cuts announced by nine members of the ‘OPEC+’ group at the weekend may have been aimed at crude short-sellers as much as anything else, according to analysts at UBS. Giovanni Staunovo, a commodities strategist with UBS’ Chief Investment Office, said in a note to clients that it was “possible the surprise cut was aimed to clear the buildup of short futures and options positions in recent weeks.” Crude oil futures typically trade with a net “long” bias, that hit an all-time high of 734,000 contracts in 2017 and has been declining steadily,…
By Ambar Warrick Investing.com — Asian currencies retreated on Wednesday as easing fears of a banking crisis spurred a sharp bounce in Treasury yields, rekindling some bets that the Federal Reserve still has room to keep raising interest rates. The dollar also regained some ground against a basket of currencies in Asian trade, but was still trending close to 2023 lows. The and rose about 0.2% The saw the sharpest pullback among Asian currencies, down 0.6% as waning safe haven demand also hit the yen’s appeal. The , which is the central bank’s preferred inflation gauge, fell more than expected…
(This Apr. 5 story has been corrected to change jurisdiction in the case caption information) By Blake Brittain (Reuters) – Chipotle Mexican Grill Inc (NYSE:) sued fast-casual dining rival Sweetgreen Inc in California federal court Tuesday, claiming the salad chain’s new “Chipotle Chicken Burrito Bowl” violates its trademark rights. Chipotle’s lawsuit said Sweetgreen’s “very similar and directly competitive” bowl is an attempt to capitalize on the Chipotle brand and likely to confuse consumers. Sweetgreen said in a statement that it was aware of the lawsuit and does not comment on pending litigation. The company’s stock price was down more than…
China is facing a population crisis in part due to more women choosing to focus on their careers and personal goals, instead of starting a family.Already grappling with an aging population and poised to be overtaken by India as the world’s most populous country, China continues to struggle to boost its birth rate.The Chinese government abolished its one-child policy in 2016 and scrapped childbirth limits in 2021. However, married couples are having fewer children — or choosing to not have any at all, said Mu Zheng, assistant professor at the department of sociology and anthropology at the National University of…
The Arkansas House of Representatives passed a bill on Wednesday that would require social media companies to verify their users’ ages and confirm that minors have permission from a parent or guardian before opening an account. The bill, dubbed the Social Media Safety Act, was passed by an overwhelming vote of 82-10, according to a tweet from the House account, and adds to the swell of efforts by state and federal lawmakers to regulate social media platforms and protect children online. The legislation now moves back to the Senate, which passed an earlier version of the bill, for the approval…
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Goldman Sachs’ CIO and head of machine learning quants say we are at an inflection point with AI. Large language models, the form of AI behind ChatGPT, could transform how Wall Street does business. Marco Argenti and Dimitris Tsementzis outline three areas the bank is experimenting with LLMs. Every once in a while, a monumental technology advancement occurs that upends the way businesses are run. And according to one of the top tech execs on Wall Street, we’re on the cusp of another thanks to recent breakthroughs with artificial intelligence. “I was born in the sixties. I’ve seen pre-computers, and I’ve…
