Tag: food

Tax season 2024 is upon us. The IRS Direct File program has expanded to 25 states and now includes new features such as automatic W-2 import and support for various tax credits. Gig workers and small businesses using payment apps like PayPal may receive 1099-K forms due to new reporting rules. The standard deduction has increased to $14,600 for individuals and $29,200 for couples.

Published on: January 28, 2025, 12:03 AM UTC

WSFS Financial Corp. (WSFS) reported fourth-quarter earnings of $64.2 million, exceeding Wall Street expectations. Earnings per share were $1.09, or $1.11 adjusted for non-recurring costs. Revenue was $346.6 million, with adjusted revenue of $261.5 million. For the year, the company reported profit of $263.7 million, or $4.41 per share, on revenue of $1.05 billion.

Published on: January 27, 2025, 10:07 PM UTC

HomeStreet Inc. (HMST) misses Wall Street expectations in Q4, reporting a loss per share of 27 cents, below analysts' estimates of 21 cents. Revenue of $20.9 million also falls short of forecasts.

Published on: January 27, 2025, 10:06 PM UTC

Steelmaker Nucor profit beats estimates for Q4

Published on: January 27, 2025, 10:05 PM UTC

Starbucks reports Q1 2025 earnings Tuesday, with analysts expecting revenue of $9.32B and a slight improvement in foot traffic despite ongoing negative same-store sales trends. Wall Street will focus on US performance, the impact of rising coffee costs, and CEO Niccol's "Back to Starbucks" plan.

Published on: January 27, 2025, 07:03 PM UTC

Casual dining chains like Chili's, Olive Garden, and Texas Roadhouse are competing to become the go-to for special occasions as consumers return to pre-COVID habits. Despite industry fragmentation, brands that use scale, marketing, and technology to boost their "competitive advantage" have big market share opportunities. Chili's has been coming out on top, while Texas Roadhouse prioritizes the guest experience and has consistently been a winner from a traffic and sales standpoint. Breakfast players like Denny's and Cracker Barrel are facing challenges as budget-conscious consumers replace outings with home-cooked meals, but some chains like Keke's Breakfast Café are insulated due to their higher-income diners.

Published on: January 27, 2025, 05:04 PM UTC

Chinese teapots halt operations or plan maintenance as new tariffs and taxes squeeze margins

Published on: January 27, 2025, 12:07 PM UTC

The Japanese yen was the only Group-of-10 currency rising against the dollar on Monday as investors sought it as a haven on concerns about President Donald Trump's orders to impose tariffs and sanctions on Colombia.

Published on: January 27, 2025, 04:01 AM UTC

Billionaire investor Ray Dalio shares his insights on investing, including diversification, patience, and being humble.

Published on: January 26, 2025, 02:00 AM UTC

President Trump visits Las Vegas to discuss eliminating federal taxes on tips, part of a campaign promise expected to resonate in the gambling and hospitality hub.

Published on: January 25, 2025, 03:00 PM UTC