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Economy

“Over 400 companies have withdrawn from Russia. But some Western brands are locked in”

“More than 400 companies have announced their withdrawal from Russia since the launch of its invasion of Ukraine on Feb. 24, according to a list compiled by Yale School of Management. For some brands, however, a clean break is easier said than… Continue Reading…

Business

“Burger King parent Restaurant Brands International buys Firehouse Subs for $1 billion”

“Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion. Shares of the restaurant conglomerate rose more than 1% on the news. The stock has fallen 4% this year, giving it a market value of $27.1 billion.… Continue Reading…

Business

“Amazon has banned over 600 Chinese brands as part of review fraud crackdown”

“Have you noticed some well-known tech accessory makers disappearing from Amazon? Those aren’t just rare incidents — they’re part of a larger campaign. In a response to The Verge, Amazon has confirmed a South China Morning Post report that the internet giant has banned over 600… Continue Reading…

Business

“Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers”

“Target said Wednesday fiscal first-quarter sales rose 23%, as investments it made in exclusive brands and services like curbside pickup strengthened customer loyalty and kept them coming back. The retailer also said it is benefiting from… reopening economy and busier social… Continue Reading…

Stocks

“3 Stocks Goldman Sachs Says Are Ready to Rip Higher”

“Patria Investments (PAX)… Patria has attracted 5 reviews already in its short time as a publicly traded company, and they break down 3 to 2 in favor of Buy versus Hold. The shares are priced at $20.74 and their $26.60 average… Continue Reading…

Stocks

“3 “Strong Buy” Stocks That Could Reach New Highs”

“Turning Point Brands (TPB)… Overall, the Strong Buy consensus rating on Turning Points Brands is unanimous, standing on 5 Buy-side reviews. The stock is selling for $42.60, and its $46.46 average price target implies ~9% upside from current levels… Gladstone Lands… Continue Reading…

Stocks

“Analysts Say These 3 Stocks Are Their Top Picks for 2021”

“UTZ Brands (UTZ)… Overall, Wall Street loves this stock, earning a stellar analyst consensus rating — Strong Buy. Out of 7 analysts tracked by TipRanks in the last 3 months, 6 are bullish on UTZ, while only one remains sidelined. With… Continue Reading…

Business, Stocks

“Dunkin’ stock soars after chain confirms sale talks with Inspire Brands”

“Shares of Dunkin’ surged 15% Monday after the company confirmed sale talks with Inspire Brands, the privately held owner of Arby’s and Jimmy John’s. The New York Times, which broke the news of the discussions, reported that the deal is valued at… Continue Reading…

Business

“Men’s Wearhouse owner Tailored Brands plans to shut 500 stores, cut 20% of corporate workforce”

“Tailored Brands said it is eliminating roughly 20% of its corporate workforce by the end of its fiscal second quarter. It also said it has selected up to 500 stores that it could close “over time.” It did not disclose locations…… Continue Reading…

Stocks

“Shares of Victoria’s Secret parent L Brands jump on fourth-quarter forecast, in-line profits”

“L Brands shares, which closed near a 10-year low, rose nearly 4% during extended trading. The stock, which has a market value of $4.4 billion, hit a 52-week low of $15.80 earlier Wednesday… The company said it expects 2019 fourth-quarter… Continue Reading…