Starbucks Stock Shines as Analysts Mull Early Merits of Turnaround Plan
Starbucks shares moved higher Wednesday as some analysts seem to be buying in—albeit cautiously—on new CEO Brian Niccol’s “Back to Starbucks” turnaround plan.
Starbucks shares moved higher Wednesday as some analysts seem to be buying in—albeit cautiously—on new CEO Brian Niccol’s “Back to Starbucks” turnaround plan.
Shares of intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) fell 6.5% in the pre-market session after the company appointed a new CFO, Scott Sekella, who most recently served as CFO of fabric and crafts retailer Joann and previously held financial leadership roles at Under Armour and Crocs. In conjunction with this appointment, the company raised the midpoint of Q4 guidance for sales, operating income, and adjusted EPS. The market seemed to be looking for a more convincing raise, as
Nvidia shares tumbled Wednesday, dashing hopes for a quick recovery from losses earlier in the week amid concerns about the competitiveness of American AI firms and their spending on the emerging technology.
Shares of casual restaurant chain Brinker International (NYSE:EAT) jumped 15% in the morning session after the company reported strong fourth-quarter (fiscal Q2 2025) results that convincingly beat analysts' revenue and EPS expectations. All brands posted growth, but Chili's led with a 31.4% increase in comparable restaurant sales, followed by a 27.4% rise at Brinker. Notably, growth benefited from an increase in both traffic and pricing, which contributed to the earnings beat. Looking ahead, EA
Spot rates rise, but inflection yet to take hold. The post Freight markets improve slower than carriers would like appeared first on FreightWaves.
U.S. equities were mostly lower at midday ahead of today's Federal Reserve announcement on interest rates.
Shares of Trump Media and Technology Group surged Wednesday morning after the president's media company announced its first move into the world of financial services.
Shares of VF Corp. dropped Wednesday despite the apparel maker reporting third-quarter earnings that topped expectations as sales grew across each of its international regions.
(Bloomberg) -- US stocks are at a critical juncture where a disorderly selloff in artificial intelligence-related stocks risks sinking the broader market, according to Pictet Wealth Management.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersManhattan’s Morning Commute Time Drops W
Caution prevails with a Federal Reserve Interest rate decision and earnings from several tech giants in focus.