Shares of Starbucks Corp. SBUX, +1.94% rallied 1.94% to $86.49 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +2.13% rising 2.13% to 4,210.24 and the Dow Jones Industrial Average DJIA, +1.63% rising 1.63% to 33,309.51. The stock’s rise snapped a four-day losing … Read more
Walt Disney reported a 26% jump in revenue and more new customers than expected to its streaming service Wednesday, but it lowered the bar for anticipated future growth at its Disney+ streaming service. Chief Financial Officer Christine McCarthy on the company’s call with analysts ratcheted down its forecast for Disney+, saying it now expects to … Read more
When McDonald’s corp. ditched salads to simplify its menu at the start of the pandemic, many restaurant operators rejoiced. The hand-assembled mélange of greens was cumbersome to make. Diners wouldn’t miss it, they thought, as they imposed the menu change.
Text size Corporate earnings were the main factor driving moves in individual stocks early on Friday. The (Photo by Spencer Platt/Getty Images) Stock futures were lower Friday as investors responded to news that hiring in July was far stronger than expected. Dow Jones Industrial Average futures were down 0.4%, S&P 500 futures were off 0.7%, … Read more
Shares of Chipotle Mexican Grill Inc. CMG, +1.04% advanced 1.04% to $1,600.78 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.23% rising 0.23% to 32,803.47 and the S&P 500 Index SPX, -0.16% falling 0.16% to 4,145.19. Chipotle Mexican Grill Inc. closed … Read more
Text size Investors will receive a preferred share for each share of common stock they own. Jeenah Moon/Bloomberg AMC Entertainment is finally giving the “apes” what they want. The movie-theater company paired its second-quarter earnings report with news that it’s giving shareholders a special dividend of AMC Preferred Equity Units. The AMC preferred shares will … Read more
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Updated Aug. 2, 2022 6:21 pm ET List two articles (2 minutes) Airbnb swung to a profit in the second quarter on the back of strong revenue, as people continued to book suburban rentals despite hosts raising prices. But the company issued a weaker-than-expected outlook that overshadowed otherwise strong results. Its stock retreated over 9% … Read more
Shares of Peloton Interactive Inc. PTON, +2.11% advanced 2.11% to $9.69 Monday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP, -0.18% falling 0.18% to 12,368.98 and Dow Jones Industrial Average DJIA, -0.14% falling 0.14% to 32,798.40. This was the stock’s fourth consecutive day … Read more
Market Mayhem Triggers Deal-Making DroughtThe Wall Street Journal