Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
Domino's Pizza's new initiative of delivering food to unconventional locations like beaches or parks curbs the need for industry innovations like Zume Inc.'s ovens on wheels, Domino's new CEO, Richard Allison, told CNBC on Thursday.
The initiative, called Domino's Hotspots, lets customers order food to places without traditional addresses. Domino's franchisees have now defined some 200,000 total hotspots in their communities since the push was announced earlier this year.
"Through this fortressing process, we’re bringing these delivery areas tighter and closer together," Allison told "Mad Money " host Jim Cramer in an exclusive interview. "What that’s doing is getting us closer to the customer, so as soon as that pizza comes out of the oven, we want it in a car, with a driver and on its way to the customer."
While Domino's, which reported a slight second-quarter earnings miss on Thursday, is planning a more concerted roll-out of the hotspots program in the third quarter, the response has already been overwhelming, the CEO said.
"Our franchisees have really embraced this, Jim. It’s been a lot of fun," Allison said. "And customers have really embraced this. We’ve gotten a lot of excitement around it."
Long known as a growth-focused pizza chain, Domino's domestic same-store sales, a key metric among restaurant operators, grew 6.9 percent in the second quarter.
While shares of Domino's ended Thursday's trading session down 2.44 percent, the stock has gained 50 percent since the start of 2018 as Domino's took market share from competitors Papa John's and Pizza Hut.
But Allison, also president of Domino's, was tight-lipped about the controversy swirling at Papa John's, a key Domino's rival.
"There’s some noise going on in the industry, but we’re really focused on our customers and our franchisees," he told Cramer on Thursday. "And I think if we can continue to deliver great value, great food, to our customers and can continue to support great cash-on-cash returns with our franchisees, I think we can continue to gain market share and we’re fairly agnostic as to where that comes from."
Thursday marked Allison's first earnings report as CEO of the international pizza powerhouse. He succeeds Patrick Doyle, who led a turnaround at Domino's and held the CEO position for seven years.