April was the best month in Papa John’s history, CEO Rob Lynch told CNBC’s Kate Rogers on Wednesday. The pizza chain saw a nearly 27% increase in comparable sales for North America during the month as the coronavirus pandemic continued to upend daily life. However, Lynch said the Covid-19 outbreak isn’t the singular factor behind the
Month: May 2020
Paramedic Randy Lilly, wearing personal protection equipment (PPE), tends to a 10-month-old boy with fever while riding by ambulance with the infant’s mother to Stamford Hospital on April 04, 2020 in Stamford, Connecticut. Fever is a common symptom of COVID-19, although cases with young children are relatively rare. The child’s status is unknown. John Moore
Chip Somodevilla | Getty Images The IRS has a clear message for families of the deceased who receive stimulus checks: Give the money back. But what about those who recently died because of Covid-19? At least 75,852 U.S. deaths have been caused by the novel coronavirus, according to the latest data from Johns Hopkins University.
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Bill Ackman has found another typical investment for him: a high quality business with predictable cash flows, durable growth and a catalyst in the coronavirus to separate it from other stocks. Company: Restaurant Brands International Inc. (QSR) Business: A quick service restaurant
A former home of Walt Disney is on the market for $1.1 million. The mid-century modern ranch is known as Disney’s “technicolor dream house” because of the “vibrant” decor throughout, according to listing agent Micheal Erives. Located in Palm Springs, California, the property was built for Disney and his wife, Lillian, in 1962, according to the
People walk along Broadway as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. The Bureau of Labor Statistics announced on Friday that the US economy lost 20.5 million jobs in April. This is the largest decline in jobs since the government began tracking the data in
Jeff Lawson Abigail Stevenson | CNBC Twilio shares were up as much as 25% in extended trading on Wednesday after the company reported first-quarter results and quarterly guidance that surpassed analysts’ estimates. The company’s shares exceeded the $149.95 record close from July 2019. The company reported: Earnings: 6 cents per share, adjusted Revenue: $364.9 million Revenue grew
A pedestrian adjusts his facemask while walking past a closed Artisan House restaurant in Los Angeles on May 7, 2020. Frederic J. Brown | AFP | Getty Images The Covid-19 pandemic continues to disrupt economies and lives in ways we never could have imagined. But the world won’t stay on lockdown forever. We asked public health
Correction: The video incorrectly states the number of crew member applicants a year. Emirates receives approximately 144,000 applicants a year. The video incorrectly states that only veteran and first class attendants get to staff events. Any level Cabin Crew can staff events, not just limited to first class or veteran crew. Insider regrets the errors.
► Subscribe to FT.com here:http://bit.ly/2GakujT The sister of supreme leader Kim Jong Un has become the global face of North Korean diplomacy after being dispatched to the South for the Winter Olympics Edited by Paolo Pascual. Footage from Reuters. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial
Tesla will begin delivering its first solar roof tiles this summer at a price point that could expand the U.S. solar market. Bloomberg’s Tom Randall explains how the tiles work, how they’re priced and why Elon Musk sees them as part of a solar-powered trifecta. Read more about the pricing here: https://www.bloomberg.com/news/articles/2017-05-11/tesla-s-solar-roof-sets-musk-s-grand-unification-into-motion ———- Like this
SkyRunner is a dune buggy and a power parachute in one. After almost three years in development, it is on track to hit the market later this year.
You might be wondering why the stock market is doing so well when you’re doing so badly. Even if you’re coasting, you likely know people who are struggling. The reality is, small-town America doesn’t go under the lens of Wall Street, says Walid Petiri, owner of Financial Management Strategies, an advisory firm in Baltimore. Certain
The stock market’s coronavirus-driven bottom in late March is “definitely going to be the low” during the crisis, Wharton School professor Jeremy Siegel told CNBC on Friday. In fact, Siegel said the massive monetary policy response from the Federal Reserve, along with additional progress on treatments and possible vaccines for Covid-19, could really boost stocks next year.
Elon Musk, CEO of Tesla and SpaceX, is not shy his opinion of legendary investor Warren Buffett. He once called Buffett’s signature investment strategy ”lame” on a Tesla earnings call. And on Thursday’s episode of “The Joe Rogan Experience” podcast, Musk said he’s not the “biggest fan” of Buffett, whose job is “boring” but “important.” Buffett came up
Check out the companies making headlines before the bell: SeaWorld Entertainment – The theme park operator reported a quarterly loss of 72 cents per share, 2 cents wider than expected, while revenue fell below estimates. SeaWorld closed its parks in mid-March due to the coronavirus outbreak, but said it remains confident in the resiliency of
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter. The company’s loss widened by 122.3% compared to it losing $82.6 million during the first quarter of 2019. The used-car e-commerce platform reported
The April jobs report is due to be released at 8:30 a.m. ET and it’s expected to show the worst job losses ever reported as coronavirus restrictions shuttered businesses for the month and put millions out of work. State officials are now attempting to thread the needle between reopening parts of the economy and preventing
There’s no better time to think about next year’s taxes than right after you file this year. Jayme Thornton | Tooga Productions | Getty Images There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday.
Nora Tam | South China Morning Post | Getty Images Tesla stock has risen more than 7% since Tesla CEO Elon Musk’s tweet a week ago that the company’s shares were priced “too high.” Shares of Tesla closed down down 10.3% last Friday on Musk’s tweet, but have quickly recovered those losses and then some –
When Sunny Dreyer got a text from her boss in late March to jump into quick Zoom call, she had a sinking feeling she knew what was coming. The 32-year-old L.A. resident had just heard news that Bird, the e-scooter company, laid off hundreds of employees in an effort to save the business as the
People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst Newspapers via Getty Images A record number of Americans just lost their job, and
Lyft co-founder Logan Green Richard Drew | AP Lyft shares shot up as much as 17% after hours as the company reported Q1 revenue and rider numbers that beat expectations. Here’s how the company did: Loss per share: $1.31 Revenue: $955.7 million Active riders: 21.2 million Revenue per active rider: $45.06 Wall Street was expecting an adjusted loss
Robert Barnes | Getty Images J.C. Penney is in talks to secure financing for bankruptcy as the coronavirus pandemic has devastated the American retail industry, people familiar with the matter tell CNBC. The Plano, Texas-based retailer skipped a $12 million interest payment on April 15, starting the clock on a 30-day grace period that could
You can’t rely entirely on your lucky game piece if you want to demolish your friends and family members in a game of Monopoly. Here are a few math-based game tricks that you can take straight to the bank. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI Video On Facebook: http://on.fb.me/1bkB8qg Read more: http://www.businessinsider.com/
The FT’s John Reed looks at the similarities between the populist presidents of the US and Philippines as well as the issues that divide them. ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Starting in 1908, Henry Ford sold his novel Model T cars as the first to be really accessible to the masses. What’s more, he marketed them as easy to handle for casual drivers and (gasp!) women since they started with a button rather than a crank. Thing is, those old Model Ts were still pretty
If one part of success in Silicon Valley is dependent on your ability to stay up all night and code, the other part depends on your ability to think outside the box. Some in the Valley are trying to force creativity by taking LSD.
A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to
Lloyd Blankfein, the ex-Goldman Sachs CEO whose bank accepted bailout funds during the financial crisis, said that large companies should be “very reluctant” to take taxpayer money amid the coronavirus pandemic. “Big companies should be very reluctant to take government money,” Blankfein said Thursday on CNBC’s Squawk Box in response to a question about how
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