Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. On Monday, stocks were mostly lower after a strong rally the previous week. The Federal Reserve is expected to announce an interest rate cut, with Home Depot and Eaton highlighted as potential beneficiaries. Apple shares dropped due…
Chili’s has successfully regained the trust of American consumers, with a significant increase in same-store sales by 14.8% in its fiscal fourth quarter. The restaurant chain’s efforts to become relevant again through viral social media presence and value-oriented advertising have propelled its sales growth. Under the leadership of CEO Kevin Hochman, Chili’s has focused on…
The Biden administration’s plans to change the de minimis provision could result in a price increase of at least 20% for popular Chinese-linked e-tailers Shein and Temu. This could affect their competitive edge in the market, as their ultra-low prices have made them go-to shopping destinations for American consumers. While the companies have disputed that…
Alibaba’s Taobao shopping app topped the Apple App Store charts in Singapore after releasing an English version powered by AI translations. The app rose to first place in the shopping category on the day of the announcement. This move reflects Taobao’s dedication to serving diverse language fluency among Singapore users. The new platform enhances accessibility…