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Showing posts from October, 2019

AT&T's Stankey: Here's why we're charging more than Netflix and other rivals for HBO Max

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WarnerMedia released details of its upcoming streaming service, HBO Max, on Tuesday.The service will cost $14.99 per month.Stankey on Wednesday emphasized that HBO Max's content will set the service apart from competitors.AT&T's WarnerMedia CEO John Stankey said Wednesday that even though the company's upcoming streaming service HBO Max is more expensive than rival streaming services, its content will entice people to sign up.HBO Max will cost $14.99 per month, which is about the same price as a standard HBO subscription today. It'll also be free for the approximately 34 million current HBO subscribers. But it's still more expensive than streaming services from rivals like Netflix, Apple and Disney.In an interview with CNBC's David Faber, Stankey said the addition of more content on top of HBO's library will entice subscribers who don't have HBO yet."Twice the content for the same price? I've had much more difficult marketing propositions t…

Popeyes' Pumpkin Cream Cheese Pie is back

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Popeyes' popular chicken sandwich is coming back; Tiffany releasing the Advent calendar of your dreamsMorning Business Outlook: Popeyes is bringing back their popular chicken sandwich that sent the country into a frenzy and sold out just two weeks after its debut; Tiffany is selling its first-ever Advent calendar, filled with jewelry and other items, with a hefty price tag of $112,000.'Tis the season, it appears, for more pumpkin.Continue Reading BelowFresh off their wildly successful chicken sandwich, Popeyes is reportedly bringing back one of its most popular desserts: The pumpkin cream cheese pie.MORE ON FOXBUSINESS.COM ...The pie is back after five years away. While it didn’t get the buzz as some of the chain’s other offerings, including a sandwich debut last month that had many making comparisons to Chick-Fil-A, the return of the cult classic dessert is a big deal for Popeyes fans.The dessert “has a flaky, crunchy crust that is rolled in cinnamon sugar and filled with a d…

Are Analysts Overly Optimistic on Amazon Ahead of Earnings?

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Amazon.com Inc. (NASDAQ: AMZN) is scheduled to release its second-quarter financial results after the markets close on Thursday. The consensus estimates call for $4.62 in earnings per share (EPS) and $68.81 billion in revenue. The same period of last year reportedly had $5.75 in EPS and $56.58 billion in revenue.Credit Suisse reiterated an Outperform rating and raised its price target to $2,400 from $2,225, implying upside of 35.8% from the most recent closing price of $1,767.38. Credit Suisse now expects Amazon’s per-share earnings for the 2019 full year to come in at $37.72, compared to the prior estimate of $38.47, as the brokerage firm updates for foreign exchange (FX) movements and recalibrates its model.With investors more than willing to underwrite incremental shipping/fulfillment expenses to drive 1-Day Prime given the resulting unit volume accelerati on, the ongoing debate on Amazon shares has centered on AWS, given the 500 basis point deceleration to FX-neutral revenue grow…

Kentucky coal miners that faced down freight trains to get paid

West Virginia governor: Climate protesters undervalue coal, gas in USWest Virginia Governor Jim Justice discusses climate change protesters. ABINGDON, Va. (AP) — Coal miners who blocked train tracks in Kentucky demanding to get paid for the coal they mined will benefit from a federal deal with the bankrupt company.Continue Reading BelowThe Bristol Herald Courier reports Blackjewel LLC agreed to pay $5.47 million to mine workers in Kentucky , Virginia and West Virginia. Blackjewel attorney Stephen Lerner said Wednesday that payroll checks should go out this week. Court documents say it covers unpaid wages earned between June 10 and July 1.The company, which has filed for Chapter 11 bankruptcy protection, agreed to pay its workers following the sale of two mines in Wyoming.The U.S. Department of Labor had taken steps to prevent Blackjewel from moving thousands of tons of coal over an alleged violation of the Fair Labor Standards Act.