Author: Bob Stanley

Red Robin Gourmet Burgers’ Stock Down 16% Following Q1 Earnings Report

Red Robin Gourmet Burgers’ Stock Down 16% Following Q1 Earnings Report

Red Robin Gourmet Burgers’ (RRGB) stock was down almost 16% at midday Friday after the company’s first-quarter earnings missed Street estimates. The company on Thursday posted adjusted earnings of $0.19 per share, compared with the year-ago period’s $0.69 per share and analysts’ consensus estimate of $0.49 per share. In a statement, management said it would shut 10 restaurants, effective May […]

FILES - A picture taken on June 1, 2008 shows a huge symbol of the Euro in front of the European Central Bank (ECB) in Frankfurt/M., western Germany. The US Federal Reserve struggled with central bank partners on September 26, 2008 to avert a "money market meltdown" as US lawmakers wrangled over a plan to stem the worst financial crisis most have ever known. Central banks added 13 billion dollars (8.8 billion euros) to an emergency fund that has become crucial for European banks, bringing the total made available so far to 290 billion dollars.   AFP PHOTO  /  DOMINIQUE FAGET

US Stocks Slump as President Trump Threatens Tariffs Against Mexico

US stocks fell after President Donald Trump threatened to impose import tariffs on Mexico, picking an economic fight with a neighbor while the trade row with arch-rival China continued unabated. The yen and gold gained as the negative gap between short and long-term bond yields widened the most in a decade. By around midday, the Dow Jones Industrial Average (DJIA) […]