While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
Home Depot's CEO said the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
GE kicks off a new week after some crazy moves. Two traders urge caution.Trading Nationread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Despite the proliferation of fast-food restaurants and burger joints, there is still room for growth for those with the right game plan, Sonic CEO Cliff Hudson told CNBC on Monday.
In other words, the nation hasn't hit peak burger yet.
"If you do have real ice cream shakes and nice beef on your hamburgers, and so on, if the product has a fresher element … there is still space to move with customers that are looking for that," Hudson said in an interview with "Squawk on the Street. "
It's also about having the right menu mix, he added, noting that hamburgers are only 17 percent of Sonic's sales. Drinks account for 30 percent, ice cream is 10 percent and chicken is now pushing 10 percent of its sales.
"We're getting good diversification on our menu and diversification across day parts," he said.
Read MoreAmerica's favorite restaurants
The nation's largest chain of drive-in restaurants on Monday announced its first ever double-digit quarterly sales gains as a public company. System-wide same store sales increased approximately 11.5 percent for its second fiscal quarter, which ended Feb. 28.
Hudson said Sonic's success was due to a combination good business strategy, low gas prices and taking business from McDonald's.
"A tiny share from them is a big share for us," he said. "They're the 800 pound gorilla, so when they're sales go negative there's a lot of gain for the rest of us."
Sonic is also about authenticity, he added.
"All our food is made to order. We don't make any of the food until the customer orders it," he said. "The customer knows that they can customize every single order and I think that makes a lot of difference."
The restaurant chain is starting to expand in the Northeast, with locations in New York, Massachusetts, Pennsylvania and New Jersey, Hudson said. It also recently announced has it has started doing business in its 45th state, Rhode Island.