McDonald's to close three CosMc's locations — and open two more
CNBC· 2025-01-10 20:31
Company Strategy - McDonald's is closing three larger format CosMc's locations and opening two smaller prototype stores in Texas to better test the concept [1][2] - The company is using CosMc's as an entry point into the growing "afternoon beverage pick-me-up occasion" market [3] - McDonald's has rolled out a loyalty program specific to CosMc's to learn more about its customers [5] Product Performance - Savory hash browns are the top-selling food item at CosMc's, followed by McPops [3] - Best-selling drinks include the Island Pick Me Up Punch, Churro Cold Brew Frappe, and Sour Energy Burst [3] - The menu features both McDonald's classics and new items like iced turmeric spiced lattes, tropical spiceade, and pretzel bites [3] Market Context - CosMc's is a small part of McDonald's overall U S footprint, with the company operating over 13,500 U S restaurants [5] - Competitors like Starbucks, Dutch Bros, and Kung Fu Tea have found success with younger consumers through customizable cold drinks [3] Branding - The CosMc's brand name is derived from CosMc, a McDonaldland mascot from the late 1980s and early 1990s [4]
Meta Stock Rallies, Oracle Slides As Market Reacts To TikTok Ban Hearing At Supreme Court
Forbes· 2025-01-10 20:30
ToplineThe Supreme Court’s signaling it may uphold a ban on TikTok, the wildly popular shortform video social media app, sent shockwaves through the stock market Friday, boosting shares of companies behind rival platforms and hitting hard one key TikTok partner.Protestors stand outside of the Supreme Court on Friday.Getty Images Key FactsThe Supreme Court heard oral arguments Friday in TikTok’s appeal against a law requiring its private Chinese parent company ByteDance to divest its TikTok holdings by or fa ...
Mobileye: CES Failed To Deliver
Seeking Alpha· 2025-01-10 20:01
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$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of ESSA Bancorp, Inc. - ESSA
Prnewswire· 2025-01-10 20:00
Merger Details - ESSA Bancorp Inc (Nasdaq: ESSA) is proposed to merge with CNB Financial Corporation under an agreement where ESSA shareholders will receive 0.8547 shares of CNB common stock for each outstanding share of ESSA common stock [1] Law Firm Background - Monteverde & Associates PC is a national class action securities firm headquartered in the Empire State Building, New York City, with a successful track record in trial and appellate courts, including the US Supreme Court [2] - The firm has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report [1][2] Investigation Information - Monteverde & Associates PC is investigating ESSA Bancorp Inc regarding the proposed merger with CNB Financial Corporation [1] - Shareholders with concerns or seeking additional information can contact the firm through their website or directly via email or telephone [3]
Palantir's Nasdaq-100 Hype Fades As Stock Sinks 15% Post-Inclusion
Benzinga· 2025-01-10 19:57
Palantir Technologies Inc PLTR joined the prestigious Nasdaq-100 index on Dec. 23, a milestone often seen as a vote of confidence for companies with promising growth trajectories.Yet, rather than boosting investor sentiment, the stock has since tumbled over 15%, vastly underperforming broader market benchmarks. For comparison, the SPDR S&P 500 ETF SPY slipped just 0.87%, while the tech-heavy Invesco QQQ Trust, Series 1 QQQ fell a modest 1.45% during the same period.High Expectations, Harsh RealityInclusion ...
Constellation Stock Is Having a Great—and Terrible—Friday
Investopedia· 2025-01-10 19:55
Constellation stock is up! No, it’s down! Wait, who’s right? Turns out, they both are. In an unusual bit of symmetry, shares of two companies named “Constellation” are among both the S&P 500’s top gainers and losers Friday. On the green side of the ledger is Constellation Energy (CEG), shares of which were recently up some 26%. That was good for the second-best performance in the benchmark index after Walgreens Boots Alliance (WBA). Driving the move was the news that the company agreed to buy privately ow ...
BioNTech Positioned For Solid Growth Amid Oncology Transition: Analyst
Benzinga· 2025-01-10 19:54
On Thursday, Truist initiated coverage on BioNTech SE BNTX, a famed COVID-19 vaccine maker, in collaboration with Pfizer Inc PFE.BioNTech is transitioning from a COVID-focused narrative to a story centered on oncology drug development and upcoming catalysts.The analyst, Asthika Goonewardene, writes that BNT327 is at the forefront, a promising drug in an innovative class that could challenge and potentially surpass the PD-1 category, which generated over $42 billion in 2023.Also Read: BioNTech Earns Upgrade ...
Airlines extend travel waivers due to LA wildfires
CNBC· 2025-01-10 19:53
Wildfire Impact on Airlines - American Airlines, United Airlines, Southwest Airlines, JetBlue Airways, and other carriers have waived fees for flight changes for travelers booked to Los Angeles due to power outages, water shortages, and damage to over 10,000 homes and structures [3] - American Airlines allows rebooking without change fees or fare differences for flights to or from Hollywood Burbank Airport, Los Angeles International Airport, Ontario International Airport, and John Wayne Airport until January 20 [4] - Southwest Airlines permits rebooking within 14 days of original travel dates without additional charges and allows changes to other California cities such as Palm Springs, Santa Barbara, and San Diego [5] Delta Air Lines Sales Impact - Delta Air Lines has seen a decline in sales for flights to Los Angeles, one of its busiest hubs, due to the wildfires, though the impact is not expected to be significant to the quarter [5][6] - Delta's president noted that while there is a decline in sales, there is no wholesale reduction or uptick in cancellations, and demand often increases after natural disasters due to rebuilding efforts [6][7]
Arch Capital Group: Recent Price Weakness Is A Buying Opportunity
Seeking Alpha· 2025-01-10 19:51
Arch Capital Group Ltd. (NASDAQ: ACGL ) has good fundamentals in the insurance industry and an impressive growth history. Thus, long-term investors should see its recent share price weakness as an opportunity to buy more shares at an attractive valuation.Labutes IR is a Fund Manager/Analyst specialized in the financial sector, with more than 18 years of experience in the financial markets. I have worked at several type of institutions in the industry, always at the buy side and related to portfolio manageme ...
Frank Talk: Data center energy demand fuels 2024 utility stock rally
Proactiveinvestors NA· 2025-01-10 19:51
In 2024, utility stocks staged a remarkable comeback, buoyed by the surging energy demands of data centers and the transformative impact of artificial intelligence (AI) across industries. Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW), explores how this trend propelled massive gains for companies like Vistra and GE Vernova, which capitalized on the AI-driven shift toward electrification and decarbonization. Holmes also delves into the broader market dynamics of 2024, highlighting the interplay bet ...