Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. It was a wobbly end to a wobbly week as corporate earnings came fast and furious and some investors set positions ahead of November elections. Consumer sentiment hit a six-month high in October. Shoppers say they … Read more
While many factors go into determining whether one’s flying experience will be positive or negative, some airlines have a reputation for a standard of luxury simply not done with North American airlines. For everything from fine dining to top-of-the-line sleeper seats (and sometimes even entire quarters) in business class, this standard has traditionally been set by … Read more
Singers who perform on Las Vegas’ biggest stages know that, in order to enjoy a long career, their sound and style must constantly evolve. Sin City itself has also undergone transformations in order to survive — and often, thrive — through the years, rolling out an array of ever-bigger, better, and one-of-a-kind experiences that integrate … Read more
While short-term interest rates have dropped this year as the Federal Reserve has begun cutting interest rates, long-term rates have risen amid economic resilience. The three-month Treasury bill yield has dropped 67 basis points in 2024 to 4.73%. But the 10-year Treasury note yield has risen 31 basis points to 4.19% 🐂 Free Newsletter From … Read more
Norwegian Cruise Line is betting on more. With its new brand positioning, MORE, the cruise line has set out to elevate the cruise experience for its passengers by giving them more premium inclusions and value in their cruise vacations. As of Oct. 1, any Norwegian cruise reservation for a 3+ day sailing Jan. 1, 2025 … Read more
Stocks rose Friday, as stronger-than-expected jobs data spurred investor enthusiasm about the economy. A strong economy means strong earnings, which means rising share prices. Non-farm payrolls rose 254,000 in September, up from 159,000 in August. And the unemployment rate dipped to 4.1% from 4.2%. Don’t miss the move: Subscribe to TheStreet’s free daily newsletter The … Read more
Fast-food restaurant chains face several challenges to overcome and stay in business. Competition among chains, whether they are burger, pizza, or chicken restaurants, has been fierce for decades. The Covid-19 pandemic in 2020 brought new challenges as restaurants needed to adjust to a new business model, often closing their dining rooms and transitioning to all-take-out, … Read more
Michael Jordan is known as one of the most iconic and greatest basketball players in NBA history, having won six NBA championships, two Olympic gold medals, and five MVP titles and three All-Star MVPs. The successful NBA player has a net worth of around $3.5 billion, making him one of the wealthiest former athletes in … Read more
Rising inflation, high interest rates, and fallout from the Covid-19 pandemic were major economic factors that led to financial distress for restaurant operators over the last two years. The pizza chain segment suffered economic hardship during the pandemic, as Chuck E. Cheese’s parent company CEC Entertainment and California Pizza Kitchen filed for Chapter 11 bankruptcy in … Read more
Amazon’s (AMZN) October Prime Day will likely reflect the same shopping trends at Costco. Costco recently noted that shoppers are resuming spending on non-food items as inflation eases, with non-food categories like beauty and home goods leading its comparable sales growth. This shift bodes well for Amazon, which is gearing up for its Prime Day … Read more