Global same-store sales were up 1.7%, but also missed forecasts of 2.9% growth. To defend its turf, the company in September started advertising "delivery insurance" to guarantee that a pizza will arrive quickly and in-tact. Domino's now expects sales growth to a range of 7% to 10% from a previous range of 8% to 12%. But executives this year have also acknowledged that third-party delivery se... [Full Article...]
More significantly, the revisions to the employment data showed the economy added fewer jobs than previously estimated - a fact that could bolster arguments made by some Fed officials that there is ample "slack" left in the economy and thus room for lower rates. [Full Article...]
The U.S. Labor Department said on Tuesday its producer price index for final demand dropped 0.3% last month, the largest decline since January, after edging up 0.1% in August. Core goods prices fell 0.1 per cent last month. Services prices decreased 0.2% after a 0.3% gain in August.Energy prices fell 2.5% from the prior month, dragging down the overall gauge, and food costs rose 0.3%. [Full Article...]
In that case, the Federal Trade Commission alleged Facebook deceived users because it "did not disclose, or did not adequately disclose" that phone numbers provided through its security tool for the objective of two-factor authentication "also would be used by Facebook to target advertisements to those users". [Full Article...]
Global institutions, economists and investors are blaming the US-China tariff conflict as a prime factor for slowing global growth. "The global economy is now in a synchronized slowdown", she said, noting that the fund estimates that 90 per cent of the world is seeing slower growth. [Full Article...]
European Union officials said this would not remove the need for customs checks - a deal-breaker because it jeopardises the 1998 Good Friday Agreement that ended three decades of sectarian violence in Northern Ireland . However there was said to be surprise among diplomats in Brussels at Mrs Merkel's reported comments, as she has consistently stressed her commitment to achieving a deal. [Full Article...]
The strikes were part of regular raids against Kurdish militants in Iraq and unrelated to planned operations against Kurdish forces in northern Syria. Trump and Turkish President Recep Tayyip Erdogan agreed to a meeting in Washington, D.C.in November. Trump announced Erdogan's November 13th visit on Twitter on Tuesday. [Full Article...]
Ed Stack, the chairman and CEO of Dick's Sporting Goods, said in a new interview that his company destroyed $5 million worth of semi-automatic rifles after removing them from store shelves past year. Twitter user @RevAndyKarlson commented, "Thank you for publicizing this very excellent thing that Dicks has done". "All this about, you know, how we were anti-Second Amendment, you know, 'we don't... [Full Article...]