Starbucks on Tuesday reported first-quarter earnings and sales that, technically, missed Wall Street estimates — but it was hardly a surprise to investors, including us. Revenue for the three months ended Dec. 31 totaled $9.43 billion, below the $9.59 billion expected by analysts, according to LSEG. On a year-over-year basis, sales rose 8.2%. Starbucks’ adjusted … Read more
A trader works on the floor of the New York Stock Exchange Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more
MIAMI, FLORIDA – JUNE 11: A Starbucks coffee cup sits on a table as the company reported supply shortages at some coffee shops on June 11, 2021 in Miami, Florida. The coffee chain said it had supply shortages for some items due to problems in the supply chain. (Photo by Joe Raedle/Getty Images) Joe Raedle … Read more
Respondents to the CNBC Fed Survey see fewer interest rate cuts than the market’s aggressive outlook, with the central bank starting them later in the year than traders currently hope. Just 9% see the Federal Reserve cutting rates in March. Fifty percent see a cut in May and only in June is there a majority … Read more
The market has managed to put behind the “economic anxiety” it faced as recently as the fourth quarter of 2023, according to Citadel CEO Ken Griffin. The hedge fund manager said Tuesday that a soft landing could happen this year, with recent data indicating a solid labor market, healthy GDP growth and inflation moderating at … Read more
A Deliveroo rider near Victoria station in London, England, on March 31, 2021. Dan Kitwood | Getty Images Shares of German food delivery company Delivery Hero fell to a record low Tuesday after announcing it was selling its minority stake in rival firm Deliveroo. Delivery Hero said late Monday that it would sell 68 million … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 29, 2024. Brendan Mcdermid | Reuters Geopolitical risks may be mounting, but stocks are still the “asset class of choice,” according to Beat Wittmann, partner at Porta Advisors, who also said the outcome of the U.S. election … Read more
My top 10 things to watch Tuesday, Jan. 30 Wall Street under some pressure early Tuesday ahead of a flood of after-the-bell earnings. The Dow and the S & P 500 on Monday both closed at record highs for the sixth time in 2024. The Nasdaq finished roughly 3.5% away from its November 2021 record … Read more
A view of a gas station which ran out of fuel due to Israeli attacks in Rafah, Gaza on October 25, 2023. Abed Rahim Khatib | Anadolu Agency | Getty Images Oil prices edged lower on Tuesday as Hamas considers a temporary truce in Gaza and the market waits to see how the U.S. will … Read more
Fahmi Quadir, chief investment officer and founder of Safkhet Captial LP, speaks during the Context Leadership Summit in Las Vegas, Nevada, U.S., on Wednesday, May 9, 2018. Bridget Bennett | Bloomberg | Getty Images WASHINGTON — Short seller Fahmi Quadir has found her new target: The $2 billion market cap Adtalem Global Education, a publicly … Read more
