President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
After a series of setbacks on the road to an initial public offering, the parent company of real estate start-up WeWork is delaying the move, sources told CNBC Monday.Technologyread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Yet another restaurant has fallen victim to softening sales across the restaurant industry.
Shares of Popeyes Louisiana Kitchen fell more than 10 percent in trading Wednesday after the company on Tuesday posted weaker-than-expected same-store sales growth for the second-quarter and lowered its same-store sales growth estimate for the year from a range of 2 percent to 3 percent to between 1 percent and 2 percent.
Cheryl Bachelder, CEO of Popeyes, said that slower sales were consistent with the sector. Even as Popeyes sales weakened during the quarter, the company grabbed market share, hitting a record of 26.6 percent of the quick-service chicken segment.
Industrywide same-store sales continue to come up short of Wall Street expectations. Restaurants like McDonald's, Wendy's and Ruby Tuesday, among others, have blamed growing consumer uncertainty ahead of November's election and increased competition from convenience stores, grocery chains and meal delivery services for the shortfall.
"I wish I knew," Bachelder said of the cause of the slowing sales, during an earnings conference call on Wednesday. She pointed to low consumer confidence, customers eating at home more often and menu fatigue associated with value promotions as possible catalysts.
"I think the sector needs to improve," she said. "The consumer needs to be eating out more often in general for all of us to prosper. ... I'd sure like to see more vitality in the sector on traffic."
Popeyes, which met analysts' expectations with its earnings of 47 cents per share, reported weaker-than-expected revenue of $61.7 million in the period. Wall Street had expected revenue of $63.4 million, according to Thomson Reuters.
Recently, Popeyes shares were trading at $53.62, down $4.68, or 8.3 percent.