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Chipotle Opens to Open First Location in Kingdom of Saudi Arabia
QSR2d agoneutral
Chipotle Opens to Open First Location in Kingdom of Saudi Arabia

Chipotle Mexican Grill announced the opening of its first restaurant in the Kingdom of Saudi Arabia (KSA) later this month in partnership with Alshaya Group, a leading international franchise retail operator. Located at Sidra, the premier dining destination in Riyadh next to the Granada Mall, the restaurant marks Chipotle’s entry into Saudi Arabia and another […]

Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years
Reuters2d agoneutral
Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years

Bill Ackman unveiled six new holdings including Netflix, Visa and Mastercard, marking the billionaire investor's biggest portfolio overhaul in years. Ackman said on Thursday he acquired shares ‌starting in the second quarter that will be held in his investment funds including his newest offering ‌Pershing Square USA, which was listed on the New York Stock Exchange in April. Along with Netflix, which Ackman held briefly in 2022 before selling ​at a loss, his funds are also investing in eye care firm Alcon, exchange operator Intercontinental Exchange and financial data provider S&P Global.

Wall Street to mark time ahead of producer prices print
Proactive2d agoneutral
Wall Street to mark time ahead of producer prices print

US stock futures were barely moving on Thursday morning, with contracts on the Dow Jones Industrial Average, S&P 500 and Nasdaq-100 all sitting just above the flat line after a quiet session on Wall Street. Attention turns to the Producer Price Index, which measures prices from the...

Kaplan Says Fed Right Not to Raise Rates in July
Bloomberg2d agoneutralVIDEO
Kaplan Says Fed Right Not to Raise Rates in July

Robert Kaplan, Goldman Sachs Vice Chairman and former Dallas Fed President, says the Federal Reserve was right to not raise interest rates at the meeting in July. He speaks on "Bloomberg Surveillance."

5 Monthly Dividend Stocks Retirees Can Count On in August
24/7 Wall St.2d agoneutral
5 Monthly Dividend Stocks Retirees Can Count On in August

When grocery bills and utility payments arrive monthly but your dividends do not, the timing gap quietly erodes retirement income. These five stocks close that gap while navigating rising interest costs, REIT transitions, and a Fed that could move again before year end.

South Korea's Kospi Enters New Bull Market
The Wall Street Journal2d agoneutral
South Korea's Kospi Enters New Bull Market

Well, that was fast. South Korea's Kospi index entered a bull market again today, defined as a 20% rise from a recent low. Since the index's recent bottom on July 30, it's up nearly 22%, including today's 3.

Sezzle pivots to national bank charter
Payments Dive3d agoneutral
Sezzle pivots to national bank charter

With states imposing tighter rules on buy now, pay later companies, Sezzle CEO Charlie Youakim views a federal charter as “the most robust solution.”

Exclusive-Microsoft retreats in China, but AI boom helps it keep a window open
Reuters3d agoneutral
Exclusive-Microsoft retreats in China, but AI boom helps it keep a window open

Microsoft once regarded the idea of quitting China as unthinkable. In the past five years, however, at least 15 Microsoft branch offices and joint ventures in China have been shut, corporate filings show, and Microsoft is pursuing what five company sources described as ‌a strategy of retreat. The firm considered quitting the market in 2023 because some executives felt it took on too much geopolitical risk for too little economic return, one of them said, while stressing Microsoft has no current plans to exit.