CNBC’s Jim Cramer on Thursday offered investors a list of his favorite stocks in the restaurant industry that he believes will do well as the economy eventually stabilizes.

“Maybe the economy’s normalizing here, or at least the Fed chief thinks it could be soon to normalize. And in a normal environment, stock picking is much more about identifying the best players in any given industry, rather than just jumping from sector to sector,” he said. 

His comments come after Federal Reserve Chair Jerome Powell said Wednesday that the central bank could ease back its aggressive pace of interest rates as

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European markets log third session of gains

European markets closed higher for a third straight session, with the Stoxx 600 index gaining 0.5% on Thursday.

The FTSE 100 was flat while France’s CAC 40 climbed 0.4% and Germany’s DAX added 0.8%. By sector, gains were led by the chemicals sector, up 1.1%.

The best-performing stock was LEG Immobilien German property company, which rose 6.7% after Morgan Stanley upgraded it to “overweight.”

Global markets have been cheered by indications that the U.S. Federal Reserve is looking to slow the pace of interest rate hikes, while in Europe, PMI data this week

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European stocks nudge higher as UK PM resigns

European markets reversed early losses to end the day 0.25% higher, on a day which saw political turbulence in the U.K. culminating in the prime minister’s resignation.

The U.K.’s FTSE 100 closed 0.27% higher and the pound gained around 0.7% against the dollar.

France’s CAC 40 closed up 0.7% and Germany’s DAX index rose 0.2%.

Dutch firm Be Semiconductor led stock gains, rising 15% despite warning of an industry downturn. Meanwhile Ericsson and Nokia slipped 14% and 7.5%, respectively, after both missing analyst profit forecasts.

— Jenni Reid

Stocks on the move:

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LONDON — European stocks closed slightly higher on Thursday, as lingering concerns over global Covid-19 cases overshadowed gains on Wall Street after the latest U.S. inflation reading.

The pan-European Stoxx 600 provisionally closed up 0.1%, with basic resources sliding 1.9% to lead losses while autos stocks gained 1.2%. Most sectors and major bourses were in positive territory.

Gains in Europe were capped after stocks in Asia-Pacific mostly declined overnight, as the spread of the delta variant continued to trouble investors.

On Wall Street, stocks were mixed with the Dow Jones Industrial Average in the red while the Nasdaq Composite was

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The COVID-19 pandemic made food delivery incredibly popular. An estimated 111 million Americans used food delivery apps last year, compared to just 66 million five years ago. DoorDash (NYSE:DASH), Uber Technologies (NYSE:UBER) Uber Eats, and JustEatTakeaway (NASDAQ:GRUB) are currently the three largest food delivery companies in the country, with a combined market share of 85%. 

Despite amazing user growth, food delivery stocks are terrible investments. Their business models are simply not suitable for this continent. Let’s look at why they are not the consumer goods stocks you want to buy. 

Restaurant worker preparing food for delivery driver.

Image source: Getty Images.

The poor economics of

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European equities rose on Friday, as the rebound continues from a selloff caused by inflation fears, with mining stocks being the major drag on stock-market indexes in Europe after a slight fall in commodity prices.

The pan-European Stoxx 600
rose 1.19%, while in London the FTSE 100
gained 1.15%. The CAC 40
in Paris was 1.54% higher and Frankfurt’s DAX
climbed 1.43%.

U.S. stocks were also up, with Dow industrials
290 points higher by midday after the index rallied 433 points on Thursday to close at 34,021.

European equities are rebounding from days of declines

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