Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
After nearly 50 years in business, Popeyes Louisiana Kitchen is finally bringing a chicken sandwich to its national menu.
The fried chicken chain, which is owned by Restaurant Brands International, will roll out the new menu item across its U.S. stores on Monday. Popeyes called it the chain's biggest launch since 1989, when it introduced crawfish to its menu.
With pickles and a buttered bun, the sandwich resembles that of Chick-fil-A, the biggest chicken chain in the U.S. by sales.
McDonald's U.S. franchisees said last month that the global fast-food chain needs its own take on Chick-fil-A's signature chicken sandwich to compete with the fast-growing Southern chain. Privately held Chick-fil-A is now the nation's third-largest restaurant chain by sales, according to Nation's Restaurant News. Only McDonald's and Starbucks see higher annual U.S. revenue.
In 2018, a franchised Chick-fil-A restaurant that was not in a mall raked in $5.7 million in sales on average, according to franchise disclosure documents. The average free-standing franchised Popeyes location saw annual sales of $1.5 million last year.
As Atlanta-based Chick-fil-A has expanded outside of its Southeast stronghold in recent years, it has attracted new customers with its waffle fries, Southern-style chicken sandwich and customer service. This year, Chick-fil-A ranked highest of all fast-food chains on the American Customer Satisfaction Index.
Popeyes has been trying to boost its same-store sales growth. Sales at restaurants open at least 12 months rose 1.6% in 2018. On Friday, the chicken chain reported same-store sales growth of 3% for its second quarter, after reporting same-store sales growth of less than 1% the previous quarter.
The company also is eyeing growth in China. It plans to open more than 1,500 locations over the next decade there. Burger King, which also is owned by Restaurant Brands, has been in China since 2005.