Category: Market News
KFC has partnered with Kentucky native and Grammy-nominated rapper Jack Harlow for a menu option called “Jack Harlow’s Kentucky Fried Favorites,” which launches on Thursday. Among Harlow’s “favorites” are the Spicy KFC Chicken Sandwich, macaroni & cheese and biscuits. The option is available to customers placing digital orders on the chicken chain’s app or website. […]
The peso rose versus the U.S. dollar Thursday after news reports said Mexican President Andres Manuel Lopez Obrador announced that monetary policy makers had voted to raise a key interest rate by half a percentage point to 6.5% hours before the announcement was due from the Bank of Mexico. “Yesterday here in Mexico, the Bank […]
ABB Ltd. ABLZF, -6.54% ABBN, -0.97% said Thursday it plans to kick off stock repurchase program of up to $3 billion, starting in April. The Switzerland-based electrification and automation company said the new program would follow the completion of its previous program, in which $3.1 billion worth of stock, or about 4.2% of the shares […]
Looks like everyone is ready for a vacation. NPD Group data shows that luggage sales skyrocketed 129% for the 12 months ending Feb. 2022. The average selling price for luggage was up 19% for the period. “Pent-up demand from consumers yearning for travel and experiences is moving from aspiration to reality,” said Beth Goldstein, NPD’s […]
An airport-based COVID-19 surveillance program detected the first known U.S. case of the highly transmissible omicron BA.2 subvariant in December, according to a new study that was funded by the Centers for Disease Control and Prevention. “We enrolled arriving international air travelers in SARS-CoV-2 genomic surveillance, using molecular testing of pooled nasal swabs, and sequencing […]
XPO Logistics Inc. XPO, +1.12% announced Friday that it expects cash proceeds of $710 million from the sale of its North American intermodal business to STG Logistics. The provider of freight transportation services said the unit had generated $1.2 billion of revenue in 2021, or 9.3% of total revenue of $12.81 billion, and had 700 […]
Shares of Bed Bath & Beyond Inc. BYND, -3.86% shot up 8.6% in premarket trading Friday, after the home goods retailer announced a “cooperation agreement” with activist investor Ryan Cohen and RC Ventures LLC. As part of the agreement, Bed Bath will add three of RC Ventures’ nominees to its board as new independent directors. […]
Treasury Secretary Janet Yellen on Friday said it is not “necessary or appropriate at this point” to sanction China for its ties to Russia. Yellen was appearing in a CNBC interview. President Joe Biden has warned China that it would face “consequences” if it helps Russia in its war against Ukraine. Source: Marketwatch
Shares of 89bio Inc. ETNB, +3.76% gained 12.8% in premarket trading on Friday, the day after the company provided promising updates for pegozafermin, which is being evaluated as a treatment for non-alcoholic steatohepatitis and severe hypertriglyceridemia. 89bio said it expects to have topline data from the Phase 2 study for severe hypertriglyceridemia in the second […]
Victoria’s Secret & Co. VSCO, +3.24% said Friday it has invested $18 million to acquire a minority stake in Frankies Bikinis, a women-founded and led beachwear and lifestyle brand located in Venice, California. The company was founded in 2012 by then-17-year-old Francesca Aiello and her mother, Mimi Aiello and is known for its relaxed Malibu […]