Fast food reigns supreme as inflation weighs on pricier restaurants
Fast-casual and full-service restaurants like Chipotle and Chili’s are struggling to attract customers.
Third Point becomes latest activist investor to take stake in Salesforce
Dan Loeb’s hedge fund Third Point has built a position in Salesforce, CNBC has confirmed.
Chinese spy balloon carried ‘multiple antennas’ for collecting signals intelligence, State Dept. says
According to an official, photos taken by high-altitude U-2 planes confirmed the presence of the equipment, and the balloon was made by a company linked to the Chinese military.
Tether records surprise profit as stablecoin giant aims to put reserve controversy behind it
Tether on Thursday said it generated $700 million of profit in the December quarter, which the firm has used to boost its reserves.
Burt Bacharach, legendary composer of pop songs, dies at 94
Burt Bacharach, the gifted and popular composer and Oscar winner who delighted millions with quirky arrangements and unforgettable melodies has died at 94.
Fresh risk for Adani as MSCI probes free float of group stocks
India’s Adani Group faces new worries, after financial index provider MSCI said it was looking into the free float designation of some company securities.
As demand for Covid vaccines falls, AstraZeneca lines up ‘blockbuster’ products for 2023
Demand for Covid-19 vaccines has dropped, but AstraZeneca has “blockbuster” projects in development that are set to make billions of dollars, according to its CFO.
Bank of England chief says pay raise negotiations should factor in falling inflation
Bank of England Governor Andrew Bailey has urged workers and employers to consider the expected sharp fall in inflation this year when negotiating pay settlements.
Twitter restored in Turkey after meeting with government officials
Twitter was blocked for many Turks for several hours on Wednesday after a series of earthquakes hit Turkey and Syria on Monday.
Unilever says prices hikes will continue into this year, easing in H2
CEO Alan Jope told CNBC we were “past peak inflation but not yet at peak pricing.”
