If you can’t beat ’em, join ’em. Fast-casual restaurant chains like Chipotle Mexican Grill and Sweetgreen have been stealing customers from full-service restaurant chains like Outback Steakhouse and IHOP. To fight back, some casual dining chains have been launching spinoff restaurants that copy that business model. Fast-casual restaurants are smaller in size, with less seating
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Toward the end of NBCUniversal’s two-hour long presentation of its Peacock streaming video service Thursday, the media and entertainment company dropped a revealing piece of information that rival companies haven’t made available. Comcast’s NBCUniversal estimates its streaming service will generate average revenue per user (ARPU) per month of $6 to $7. This is an aggregate
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Fluorescent shipping containers, billiard tables atop AstroTurf, and his signature “MATH” campaign signs plastered to the walls greeted Democratic presidential candidate Andrew Yang on Thursday night at a fundraiser in downtown San Francisco. Hundreds of supporters braved a torrential downpour and a line that wrapped around city blocks to see the entrepreneur and nonprofit executive,
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In this arranged photo, a UnitedHealth Group health insurance card is seen in a wallet in this picture illustration October 14, 2019. Lucy Nicholson | Reuters UnitedHealth reported a better-than-expected quarterly profit on Wednesday, as the largest U.S. health insurer managed to control medical costs and made gains with the unit that houses its pharmacy
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David Tepper, founder of Appaloosa Management, said Friday he still likes this bull market, which is the longest on record.  ”I love riding a horse that’s running,” Tepper told CNBC’s Joe Kernen in an exclusive email. ”We have been long and continue that way.” The current bull market started in March of 2009. Since then, the S&P 500
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Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images BlackRock, the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth. The company attracted $128.84 billion in
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People line up outside the Social Security Administration office in San Francisco. Getty Images If you collect Social Security benefits, you’re probably already eagerly waiting to see what your cost-of-living adjustment will be next year. New, early estimates from The Senior Citizens League, a nonpartisan senior group, point to a possible 1.5% COLA increase for
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The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Shake Shack. Karen Finerman was a buyer of American Airlines. Dan Suzuki was a buyer of MSCI. Guy Adami was a buyer of Newmont Goldcorp.  Disclaimer Trader disclosure: Karen Finerman’s firm is long ANTM, C, CBS, CPRI, FB, FDX,
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