Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.Marketsread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
The firm upgraded the stock to equal-weight from underweight ahead of the company's earnings on Wednesday.Marketsread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Yardeni Research's Edward Yardeni recommends investing in U.S. companies with exposure to China.Trading Nationread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Educationread more
Deutsche Bank denied a report that said some of its executives rejected the advice of the bank's own anti-money laundering specialists and prevented some transactions...Financeread more
Oil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.Energyread more
Consumers aren't the only ones loving McDonald's all-day breakfast. Franchisees of the chain are finally feeling optimistic after a spell of declining sales over the last year.
While same-store sales in the third quarter continued to fall, franchisees had a positive outlook for the fourth quarter, according to a well-known restaurant analyst at Nomura.
In aggregate, third-quarter sales declined by 0.9 percent for 29 franchisees who collectively own about 226 stores in the United States, according to analyst Mark Kalinowski, who has taken the pulse of McDonald's franchisees for years.
Stores in the South reported the biggest dip in same-store sales, falling 1.6 percent.
Yet despite this decline, franchisees are feeling confident about a turnaround. Their aggregate expectation for this quarter is a 1 percent increase, with stores in the North expecting a 2.7 percent boost in sales.
McDonald's has reported seven straight quarters of decreasing U.S. sales.
This renewed optimism appears to be the result of McDonald's all-day breakfast initiative.
Perception of the restaurant's brand hit a two-year high in the last two months, according to YouGov BrandIndex. The consumer research firm suggested that the launch of the all-day breakfast campaign was a major factor in the changing consumer sentiment and could provide a boost for the struggling chain.
McDonald's all-day-breakfast marks its biggest initiative in years — a move aimed both at answering consumer demand for breakfast throughout the day and helping boost traffic at the floundering giant.
The chain has long dominated the breakfast category. Within McDonald's own lineup, breakfast accounts for roughly 25 percent of sales and 40 percent of profit in the United States alone.
The turnaround is fairly pronounced - just 4 months ago, Kalinowski said franchisee sentiment was at an all-time low.
Nomura lowered its earnings per share estimates by $0.01 for both Q3 and Q4, to $1.27 and $1.17, respectively. The firm also lowered its full-year estimate by $0.02 to reflect the lower base of anticipated earnings.
Despite the rocky turnaround, McDonald's shares have beaten the market of late, rising 10 percent this year.