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Arcos Dorados Renews Franchise Agreement With McDonald's, Stock Gains
  • January 2, 2025

Arcos Dorados Renews Franchise Agreement With McDonald's, Stock Gains

Arcos Dorados Holdings Inc. (NYSE:ARCO) saw its shares rise on Thursday following the announcement of a renewed Master Franchise Agreement with McDonald’s Corporation (NYSE:MCD). The new 20-year MFA, effective January 1, replaces the previous agreement and includes an option for renewal at McDonald’s discretion for another 20 years, beginning January 1, 2045. The updated agreement includes a royalty fee structure based on gross sales: 6.0% for the first ten years, 6.25% for the next five years,

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How To Earn $500 A Month From Acuity Brands Stock Ahead Of Q1 Earnings
  • January 2, 2025

How To Earn $500 A Month From Acuity Brands Stock Ahead Of Q1 Earnings

Acuity Brands, Inc. (NYSE:AYI) will release earnings results for its first quarter, before the opening bell on Thursday, Jan. 9. Analysts expect the Atlanta-based company to report quarterly earnings at $3.87 per share, up from $3.72 per share in the year-ago period. Acuity Brands projects to report quarterly revenue at $956.32 million, compared to $934.7 million a year earlier, according to data from Benzinga Pro. With the recent buzz around Acuity Brands, some investors may be eyeing potential

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Alibaba Leverages Scale and Deep Pockets to Slash AI LLM Prices To Gain Market Share
  • January 2, 2025

Alibaba Leverages Scale and Deep Pockets to Slash AI LLM Prices To Gain Market Share

Alibaba Group Holding (NYSE:BABA) slashed its large language model prices by up to 85%, exhibiting intense domestic rivalry in the AI space. Chinese companies remain engaged in a price war to win market share, prompting Alibaba Cloud to initiate discounts on its visual language model, Qwen-VL, CNBC cites from Alibaba’s WeChat post on Tuesday. In February, the Chinese e-commerce juggernaut announced up to 55% discounts on its core cloud products. Also Read: Trump Administration to Challenge Socia

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Chinese electric vehicles gain market share in Norway
  • January 2, 2025

Chinese electric vehicles gain market share in Norway

Chinese electric cars have surged to account for almost 10% of new car sales in Norway in only five years, data from the country's road federation (OFV) showed on Thursday. Wealthy Norway is far ahead of most countries in the switch to electric vehicles and unlike the European Union and the United States has not imposed import tariffs on Chinese EVs. Brussels and Washington say Chinese EVs benefit from unfair subsidies, which Beijing denies, and Western automakers have warned they could be hit hard by cheap Chinese imports, although there have been doubts if buyers would adopt unfamiliar brands.

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