Avoid Chipotle shares because surging avocado prices ‘pose risk’ to its profits: Credit Suisse

It’s not just food safety issues affecting Chipotle now. Rising food costs are increasingly a problem for the restaurant chain’s profitability, says one Wall Street firm.Credit Suisse lowered its price target and reiterated its neutral rating for shares of...

It’s high time for the Fed to normalize, JPMorgan International Chairman Jacob Frenkel says

It’s high time for the Federal Reserve to normalize and move ahead with raising interest rates, JPMorgan International Chairman Jacob Frenkel told CNBC on Friday. “The economy’s much more robust, labor markets are very strong and the financial...

Watch Texas Governor Greg Abbott’s press briefing on Hurricane Harvey

[The stream is slated to start at 1:30pm, ET. Please refresh the page if you do not see a player above at that time.] Texas Governor Greg Abbott will hold a press briefing on Friday regarding the impending Hurricane Harvey. Hurricane Harvey, a Category 2 storm roaring...