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Waffle House is passing along the sky high cost of eggs to diners with a 50 cent surcharge
NEW YORK (AP) — The Waffle House restaurant chain is putting a 50 cent per egg surcharge in place due to the biggest bird flu outbreak in a decade. The 24-7 restaurant said that the resulting egg shortage has led to a dramatic increase in its costs. Bird flu is forcing farmers to slaughter millions […]
Alphabet shares drop as much as 9% on revenue miss, soaring AI investments
Alphabet shares fell more than 9% in after-hours trading Tuesday after the company reported fourth-quarter results that missed on revenue expectations and announced more artificial intelligence investments. Earnings per share for the Google parent company beat analysts’ estimates by two cents. Here are the numbers: Revenue: $96.47 billion vs. $96.56 billion expected by LSEG; Earnings […]
AMD Reports Fourth Quarter and Full Year 2024 Financial Results
SANTA CLARA, Calif., Feb. 04, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced financial results for the fourth quarter and full year of 2024. Fourth quarter revenue was a record $7.7 billion, gross margin was 51%, operating income was $871 million, net income was $482 million, and diluted earnings per share was $0.29. On a […]
Alphabet Stock Falls After Missing Revenue Expectations Despite Strong Momentum
In This Story, Alphabet (GOOGL+2.38%) missed Wall Street’s expectations for the fourth quarter despite “robust momentum across the business.” The Google parent reported revenues of $96.5 billion for the fourth quarter, a 12% increase year over year. Alphabet reported earnings of $2.15 per share, up 31% from the previous year, and net income of $26.5 […]
South Florida Consumers React to the Price of Eggs
CBS News Miami’s Trish Cristakis reports on how South Florida consumers are reacting to the price of eggs. The soaring egg prices are causing a stir, and many are considering alternatives such as backyard chickens. Local restaurants are also looking for ways to manage costs without raising prices, and some, like Waffle House, are even […]
10-year Treasury yield rises as Trump pauses tariff plans
U.S. Treasury yields were mixed on Tuesday as investors assessed U.S. President Donald Trump’s 30-day tariff pause and awaited more economic data. At 6:25 a.m. ET, the yield on the 10-year Treasury was up 3 basis points to trade at 4.575%, while the 2-year Treasury yield was down less than a basis point at 4.257%. […]
Dow Jones, S&P 500 Lag Nasdaq; Palantir Holds 20% Gain As Reddit Hits New High (Live Coverage)
Dow Jones and S&P 500 are lagging behind the Nasdaq, with Palantir holding a 20% gain. Investors are shaking off Trump’s trade battles, and the Nasdaq is gaining 1% led by Palantir. Stocks are ending higher, largely taking back Monday’s tariff-induced losses, and earnings are helping. The stock market today shows the Dow, S&P 500, […]
Egg prices, shortages from bird flu lead restaurants to add egg surcharge
Egg prices and shortages due to bird flu are leading restaurants to add an egg surcharge. Soaring egg prices are piquing interest in backyard chickens. A national restaurant chain is now charging 50 cents extra for each egg in your order. Waffle House is among the restaurants that have implemented this surcharge. — news from […]
PepsiCo forecasts weak annual profit as US snack, soda demand dips
Shares of PepsiCo fell 2.5% in early trading. Americans are still paring back spending on soft drinks and salty treats to save their dollars for essential purchases, forcing PepsiCo to tap promotions for volume growth after several quarters of slowdown wrought by price hikes. The target is to offer multi-packs and mini canisters to bring […]
S&P 500 rises as investors shake off Trump’s trade battles, Nasdaq gains 1% led by Palantir: Live updates
The iShares MSCI China ETF (MCHI) and the iShares China Large-Cap ETF (FXI) advanced more than 2%, each, in midday trading, as traders assess trade tensions between the U.S. and China. The Chinese government hit the U.S. with additional tariffs of 15% on imports of coal and liquefied natural gas, starting Feb. 10, as well […]