The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "mid-cycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter said Monday it suspended hundreds of accounts that are believed to be tied to a "significant state-backed information campaign" originating from inside China.Technologyread more
The leaked documents give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr named Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
McDonald's franchisees are feeling pretty confident ahead of the company's earnings report next week.
A group of 31 domestic Golden Arches' franchisees, who own about 243 stores collectively, said in a recent survey by Nomura-Instinet that they expect same-store sales at their respective locations to be up 0.8 percent in the first quarter.
Here's how their estimates break down by geographic zone for the first quarter:
Based on these results, Nomura-Instinet analyst Mark Kalinowski raised his same-store sales estimate for the company by 270 basis points, saying he expects the metric to be up 0.8 percent for the quarter. Wall Street's consensus estimate is that comparable sales will be down 1.1 percent.
"We believe that a focus on value and beverages, as well as the Big Mac line extension promotion, served McDonald's well during a challenging time for the restaurant industry in general during Q1," Kalinowski wrote in a research note Thursday.
McDonald's has a high bar to
"Any number in
Here's how their estimates break down by geographic zone for the second quarter:
Kalinowski bumped his same-store sales estimate up 20 basis points for the second quarter and now expects 2.2 percent growth.
He also increased his first-quarter and full-year earnings per share estimates by 2 cents each. He now expects first-quarter earnings of $1.35 per share and full-year earnings to come in at $6.21 a share.
In addition, Kalinowski raised his target price $10 to $146.
McDonald's shares were relatively unchanged Thursday. They were last trading hands at $133.14.