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...