SEC fines former McDonald’s CEO for misleading investors about his firing
The SEC filed charges against former McDonald's CEO Steve Easterbrook for misrepresenting why he was fired in November 2019 and charged him a $400,000 [...]
Goldman Sachs adds Alibaba to conviction buy list, says shares can rise more than 25%
The firm expects Alibaba is the best way to play a rebound in the China internet sector. [...]
China’s big consumer market isn’t rebounding to pre-pandemic levels just yet
For the year ahead, Bain Partner Derek Deng said China's consumer spending likely wouldn't even return to 2021 levels due to macroeconomic development [...]
Some restaurant workers could see big wage growth in 2023
Industry lobbyists say states like New York and Michigan could pass similar legislation to California's FAST Act. [...]
Macy’s warns holiday-quarter sales will come in light, citing squeeze on shoppers’ wallets
Macy's on Friday said consumers' budgets are under pressure and that it expects the squeeze to continue into this year. [...]
We’re selling shares in this cosmetics giant, locking in an 18% gain
We're taking a big win in this prestige beauty firm Friday, locking in a gain of about 18% on stock we purchased in late September of 2022. [...]
McDonald’s plans reorganization, job cuts as it accelerates restaurant openings
McDonald's will be evaluating staffing levels as the company undergoes a reorganization and refocuses its priorities to accelerate restaurant expansio [...]
Costco’s December sales beat shows the Club holding is still the retailer to own
Club holding Costco Wholesale (COST) delivered strong sales growth in December, demonstrating the retailer's ability to consistently attract customers [...]
Jim Cramer’s Investing Club meeting Friday: Stocks rise, Constellation, Wells Fargo
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
This ‘best-in-class’ western retailer can rally more than 30% as consumers buy country fashion, Bank of America says
Shares of under-the-radar foot and apparel retailer Boot Barn can rally 35% as consumers buy up western wear, Bank of America said Friday. [...]