Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
Despite seeing a boost from quirky new products like Chicken Rings and Mac 'N Cheetos, Restaurant Brands International saw same-store sales fall short of analyst expectations on Thursday.
The owner of Burger King and Tim Hortons has posted its seventh consecutive quarter of positive same-store sales growth, with Burger King up 0.6 percent and Tim Hortons posting growth of 2.7 percent.
However, both chains fell short of analysts' forecasts, according to the StreetAccount. Burger King was expected to post same-store sales growth of 2.2 percent and Tim Hortons was expected to post growth of 3.5 percent.
The company cited soft sales in the U.S. and Canada as the reason for Burger King's lower than expected same-store sales growth.
"This is in-line with the recent numbers from rivals like McDonald's and Yum Brands, both of which saw growth moderate, " Neil Saunders, CEO of Conlumino, said in a statement. "This trend is being driven, primarily, by a slowdown in spending on eating out by American consumers."
Shares of the company remained unchanged in premarket trading.
"We ended the second quarter with solid system-wide sales growth at both of our iconic brands, Tim Hortons and Burger King, driven by growth in our global restaurant footprint and compelling product launches," Daniel Schwartz, CEO of Restaurant Brands International, said in a statement.
The company posted second-quarter earnings of 41 cents on $1.04 billion in revenue. The company was expected to report second-quarter earnings of about 35 cents a share on $1.05 billion in revenue, according to a consensus estimate from Thomson Reuters.
Revenues for the second-quarter missed analyst expectations "primarily as a result of unfavorable FX movements," Schwartz said.
Shares in the company are up nearly 20 percent year to date.