Wall Street is a tough customer these days, but Uber UBER 11.78% Just got a great tip. While much of the tech sector has so far slumped this earnings season due to macroeconomic pressures, currency swings and — in Meta Platform’s case — heavy investments even in the face of a contracting economy, Uber is … Read more
Twelve Starbucks stores petitioned for representation by the Starbucks Workers United union in September, down from a peak of 71 in March, National Labor Relations Board records show. The eight petitions filed in August marked the smallest number since December, when the first Starbucks cafe voting to unionize led to a wave of other locations … Read more
Pfizer Inc., PFE 3.69% Uber UBER -1.15% Technologies Inc. and Starbucks Corp. SBUX 2.13% are among the heavyweights headlining another busy earnings week as investors search for insight into the state of the broader economy. Nearly a third of the S&P 500, or about 160 component companies, is slated to report earnings in the coming week, according to … Read more
When times are uncertain, we take comfort in the familiar. This applies to both patrons and investors of McDonald’s‘s MCD 3.07% . Analysts knew business was relatively strong at the burger chain, but it still blew past their expectations for the third quarter. Global comparable sales were up 9.5% year-over-year and 6.1% in the US, … Read more
McDonald‘s MCD 2.95% corp. said weakening foreign currencies against the U.S. dollar hurt its global revenue, despite higher menu prices and promotions helping to drive U.S. sales. The burger giant reported total sales of $5.87 billion in the quarter ended Sept. 30, down 5% from the same period last year, though above the expectations of … Read more
US stocks are poised to rise on Monday ahead of a busy week of corporate earnings reports. Sunday at By 6:25 p.m. ET, Dow Jones Industrial Average futures were up 262 points, or 0.8%, while S&P 500 futures were up 1% and Nasdaq Composite futures were up 1.2%.
Apple, Amazon, Chipotle, GM, Visa, Intel and other stocks investors can watch this week
Amazon. com Inc., Apple Inc. and Meta Platforms Inc. are among the tech heavyweights featured in a packed week of earnings that investors will probe for indicators about the broader economy. Other tech companies scheduled to report their latest quarterly reports include Google parent company Alphabet Inc. and Microsoft Corp. Investors also will hear from … Read more
Nestle on NSRGY 1.16% said it has agreed to acquire the Seattle’s Best Coffee brand from Starbucks corp. SEX 0.07% that strengthens the Nescafe and Nespresso owner’s coffee business in the US The world’s largest packaged food maker said on Wednesday that the purchase of the brand, which sells a range of packaged coffees in … Read more
Small-cap stocks are making a comeback. A strong US dollar boosts their run. After suffering a bruising earlier this year, shares of many small, domestically-focused companies are outshining the large-cap stocks that dominate U.S. stock markets. In October, the S&P 600 small-cap index is up 2.5%, beating the larger S&P 500’s 0.1% decline. For the … Read more