President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Texas Roadhouse has been in business for more than 23 years and, according to a recent Morgan Stanley report, has the most-loyal fans of any restaurant across all dining categories.
That rabid following may be all the more surprising given the company's key strategy: staying the same in an industry known for chasing the latest dining fad. The strategy appears to be working: Texas Roadhouse's stock has spiked by nearly 35 percent in the last year, probing a new 52-week high in February.
"We continue to provide great service and great food to our guests, and we've really not changed that over the years," said Kent Taylor, the company's founder and CEO, in a recent interview with CNBC's "Power Lunch. "
"I think more and more people are figuring it out."
Taylor opened the first Texas Roadhouse in Clarksville, Indiana, in 1993. Part of the dining experience includes line dancers and jukeboxes—and diners can hand-pick their steaks.
In fact, Taylor said its No. 1 menu item—the six-ounce sirloin steak—hasn't changed since Texas Roadhouse first opened its doors. "You can get a smaller steak for $9.99 with two side items, plus we give you free rolls and peanuts," he said. "Plus it's a fun atmosphere, so I think it's the whole package."
The restaurant is also more of a hometown favorite than a chain, Taylor noted. It doesn't advertise nationally, and instead spends those marketing dollars on food and in local communities by supporting Little Leagues and Boy Scouts and hosting fundraisers.
Taylor also isn't interested in opening up store after store, overcrowding existing Texas Roadhouse locations.
Michael Parrish Dudell, author of "Shark Tank Jump Start Your Business," said the overall concept at Texas Roadhouse also appeals to the younger generation.
"Millennials love to have an experience when they go to dine. They love customization and I think [Texas Roadhouse does] that very well," he said.
—CNBC's Jackie O'Sullivan contributed to this report.