The deal between the White House and Democrats would raise the debt ceiling for two years and permanently end the sequester.Politicsread more
"Whether it's this year or next year, the odds of another economic downturn are high — and growing," Warren says.Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Trade tensions that could lead to layoffs and a pullback from consumers are at the center of the recession case.Economyread more
Microsoft and OpenAI announced a new partnership to build artificial general intelligence to tackle more complex tasks than current AI.Technologyread more
There's a reason the film industry doesn't measure the success of modern movies against those of the past — movie ticket inflation isn't an exact science.Entertainmentread more
A US judge presiding over multidistrict litigation alleging J&J's talc baby powder causes ovarian cancer starts hearing from experts Monday.Health and Scienceread more
Investors with $1 million or more in the market expect the pace of stock market gains to slow over the remainder of 2019. But these wealthy self-directed brokerage account...Investingread more
Air-conditioner maker Lennox International pointed to colder weather as a key reason for cutting guidance and underperforming in the second quarter.Marketsread more
Following a record breaking opening weekend for Disney's "The Lion King," CNBC's Jim Cramer said the company's stock is an "annunity stream" for investors.Investingread more
The latest Twitter problems for Chipotle highlight the risk social media can pose for companies. It all started late last week when "Jason Bourne" author Eric Van Lustbader Tweeted that his editor was hospitalized after eating at a Chipotle in Manhattan. It read: "This Chipotle thing is still ongoing. My editor ended up in urgent care after being deathly ill all night from eating at Chipotle's."
Chipotles stock dipped by as much as 3.4% Thursday following the accusation-showing the fragility of street stock prices.
"That's reality for what social media can do: dramatically inflame [prices] in a positive or negative way depending on the situation," Telsey Advisory Group restaurant analyst Bob Derrington said.
But this kind of bad publicity can be overcome. Despite Chipotle's yearlong struggle with food safety, Derrington said he expects the company to recover in the next 12 months.
"As the company distances itself from its previous foodborne illness incidents, the likelihood is that its business will slowly recover, though likely to not to be as strong as its pre-outbreak sales levels. " Derrington said.
Other Wall Street analysts are also positive on Chipotle's future. SunTrust Robinson Humphrey maintains a buy rating and $550/share price target for the fast food chain.
"I'm more optimistic than some. I think the loyalty program and the chorizo launch are potential catalysts," SunTrust research analyst Jake Bartlett said.
Bartlett said he expects Chipotle to recover similarly to how Jack in the Box and Taco Bell did, "typically in the 4th or 5th quarter following the incident. "
However, Bartlett mentions that the digital age poses an added risk. "This is potentially deeper because of social media, the drop is steeper."