Home Stock Insiders Restaurant Stocks Facing Challenges on Recession: Yum China (NYSE: YUMC), Bit Brother (NASDAQ: BTB), Bit Brother (NASDAQ: BTB)

Restaurant Stocks Facing Challenges on Recession: Yum China (NYSE: YUMC), Bit Brother (NASDAQ: BTB), Bit Brother (NASDAQ: BTB)

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Restaurant Stocks Facing Challenges on Recession:  Yum China (NYSE: YUMC), Bit Brother (NASDAQ: BTB), Bit Brother (NASDAQ: BTB)

Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987) moved down in early session persist to previous session as the company announced that its board of directors will discuss the declaration and payment of a quarterly dividend in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “HKEX”), which call for advance notice of board meetings at which a dividend is anticipated to be declared (the “Dividend”). In the event that the Board chooses to move forward, the declaration will be adopted by Board resolution on or around February 8, 2023 (Beijing/Hong Kong Time), and the Company will swiftly make the announcement.

Reintroducing a Vintage Fan Favorite to Wendy’s (NASDAQ: WEN) Menu

Wendy’s (NASDAQ: WEN) inches up in pre trading session on Tuesday that the burger restaurant is changing altering its menu, something it has been known to do in the past. In the race for best burger, the fast-food business is ranked second to McDonald’s (MCD) – Obtain a Free Report. The chain’s success was predicated on the straightforward tenet of serving “fresh, never frozen” burgers.

When the restaurant initially debuted, one of the first things on the menu was Wendy’s Frosty, and it is still available today. The chocolate Frosty isn’t simply your typical milkshake. It should not be drank via a straw; it is supposed to be eaten with a spoon. The Frosty’s reduced calorie count should make it preferable than a milkshake even if its consistency isn’t.

Bit Brother Limited (NASDAQ: BTB) Management Changes

Bit Brother Limited (NASDAQ: BTB) announced that Mark David Hunter, Esq. had been hired by the Special Task Force of the Company in connection with referrals to the U.S. Securities and Exchange Commission through its Whistleblower Program of potential legal violations by organizations and individuals involved in the naked short selling of BTB’s stock. In this case, Mr. Hunter will serve as the principal partner. Under the condition that more details are released through BTB’s official Twitter account @BitBrotherLtd, he intends to watch the upcoming livestream the company holds on YouTube to explain naked short selling.

When working as an attorney for the Commission’s Enforcement Division, Mark David Hunter, Esq., investigated and prosecuted breaches of federal securities laws, rules, and regulations. Mr. Hunter offered securities knowledge while working for the Commission and coordinated cases with federal criminal prosecutors, state securities regulators, and self-regulatory groups.

The BTB Special Task Force is convinced that Mr. Hunter and his colleagues will help the firm in its ongoing efforts to look into and stop the alleged illicit shorting. In relation to its activities, Bit Brother will publish more updates.