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Bumble Stock Rockets Over 70% After Wall Street Debut

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Bumble Stock Rockets Over 70% After Wall Street Debut

Bumble Stock Rockets Over 70% After Wall Street Debut

The company, founded by Whitney Wolfe Herd began trading on the Nasdaq on Feb.

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McDonald's CEO Talks Affordability After Stock Prices Drop [Video]

McDonald's CEO Talks Affordability After Stock Prices Drop

McDonald's CEO , Talks Affordability , After Stock Prices Drop. ABC reports that McDonald's has come under fire by customers angry over recent increased menu prices, which has prompted the CEO to address the issue of affordability. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. Global same-store sales were up 3.4%, short of Wall Street expectations, while domestic same-store sales were up 4.3%, more closely aligned with "normalized growth.". Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Kempczinski reportedly admitted that the company's sales had dipped in the wake of increased menu prices. The fast-food chain noted reduced transactions among lower-income customers making under $45K a year, one of the company's core consumers. Eating at home has become more affordable. The battleground is certainly with that low-income consumer, Chris Kempczinski, McDonald's CEO, via ABC. According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . The CEO stressed that the company remains in a good position with its value menu offerings, while promising , "some activity at the local level to make sure we continue to provide value for the lower-income consumer.". What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC. What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC

Credit: Wibbitz Top Stories    Duration: 01:31Published
India surpasses China, emerging as the preferred investment hub for Wall Street giants | Oneindia [Video]

India surpasses China, emerging as the preferred investment hub for Wall Street giants | Oneindia

In a historic shift in global markets, investors are pulling billions of dollars from China's economy, marking a turning point after two decades of considering China as the world's premier growth story. Wall Street giants, including Goldman Sachs Group Inc and Morgan Stanley, are now championing India as the prime investment destination for the next decade. #WallStreet #India #China #GlobalInvestmentShift #IndiaInvestmentOpportunity #HedgeFundGoldRush #AsiaEconomicDivergence #IndiaGrowthStory #InvestingInIndia #CapitalFlowsIndiaChina #GlobalEquityMarkets #InvestorConfidenceIndia ~ED.102~PR.151~GR.125~HT.96~

Credit: Oneindia    Duration: 03:09Published

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Truth Social Soars Nearly 50% in First Day on Nasdaq [Video]

Truth Social Soars Nearly 50% in First Day on Nasdaq

Truth Social Soars Nearly 50% , in First Day on Nasdaq. The former president's social media company began trading on the Nasdaq on March 26, AP reports. . Digital World Acquisition Corp. acquired Trump Media & Technology Group Corp., which runs Truth Social, on March 25. Trump Media has taken the place of Digital World on the Nasdaq. . On March 25, Trump said, "Truth Social is doing very well. It's hot as a pistol and doing great.". Trump Media's market value was roughly $6.8 billion prior to trading, AP reports. . Shares were up 47% at $73.50 just before 10 a.m. ET. Truth Social's ticker symbol is "DJT.". Trump launched Truth Social in 2022 after being banned from Twitter and Facebook. . The social media platform had approximately 5 million users in February, according to research firm Similarweb. Investors could be in for a bumpy ride, AP reports. In a regulatory filing, Trump Media said that it “is highly dependent on the popularity and presence of President Trump.”. If Trump were to distance himself from the company, perhaps for reasons such as campaigning for presidency, Trump Media “would be significantly disadvantaged,” the filing states. . Similarly “an adverse outcome in one or more” of the cases in which the former president is embroiled could harm the success of Trump Media and Truth Social.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Fabric and Craft Retailer Joann Files for Bankruptcy [Video]

Fabric and Craft Retailer Joann Files for Bankruptcy

Fabric and Craft Retailer Joann , Files for Bankruptcy. The 81-year-old company made the announcement on March 18, CNN reports. . The retailer has also secured $132 million in new funding to cut its debt in half. Joann's 850 stores and website will remain operational. . This agreement is a significant step forward in addressing Joann’s capital structure needs, , Scott Sekella, Joann's chief financial officer, via statement . ... and it will provide us with the financial resources and flexibility necessary to continue to deliver best-in-class product assortments... , Scott Sekella, Joann's chief financial officer, via statement . ... and enhance the customer experience wherever they are shopping with us, Scott Sekella, Joann's chief financial officer, via statement . The Nasdaq has delisted Joann's stock. . The company will become privately owned after the bankruptcy process. The bankruptcy of Joann has been looming for a long time and was always a matter of when, rather than if, Neil Saunders, managing director and retail analyst for GlobalData, via note. The bankruptcy process will now allow the arts and crafts chain to receive an infusion of cash at the same time as streamlining its operations and reducing debt levels, Neil Saunders, managing director and retail analyst for GlobalData, via note

Credit: Wibbitz Top Stories    Duration: 01:30Published

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