Business

(Reuters) -Starbucks Corp has suspended its annual forecasts as new CEO Brian Niccol looks to turn around the coffee giant struggling to stem waning customer demand, sending its shares down about 4% in after-hours trading on Tuesday. The coffee chain also expects to report a decline in fourth-quarter sales and …

Philip Morris Stock Heads to a Record After Earnings. Cigarettes Aren’t the Big Driver. Source link

Trump Media & Technology Group stock (DJT) hit its highest level since July on Tuesday, rising as much as 10% as investors bet on former President Donald Trump’s improved odds of winning the November election in exactly two weeks. Shares in the company, the home of the Republican nominee’s social …

Summary Fifth Third Bancorp is a diversified financial services company based in Cincinnati. The company has about 1,100 banking centers and 2,100 ATMs across 11 states. The company has four main business segments: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. In Upgrade to begin using premium …

There’s never a dull moment if you’re a fan of Cathie Wood. The aggressive growth investor is the co-founder, CEO, and stock picker at Ark Invest. She publishes her daily transactions at the end of every trading day, and she added to a couple of her existing positions to kick …

Lockheed Martin (NYSE: LMT) beat on earnings but missed on revenue because of F-35 delivery delays, and narrowed its full-year guidance. Investors were underwhelmed by the news, sending Lockheed shares down 5% as of 10:30 a.m. ET. A solid quarter beneath the surface Lockheed Martin, the world’s largest defense contractor, …

General Motors (GM) gave investors something to cheer early Tuesday morning after the automaker raised its guidance for a third time this year, in addition to easily beating third quarter revenue and profit expectations. For the quarter, GM reported revenue of $48.78 billion, easily topping estimates of $44.69 billion per …

US stocks retreated on Tuesday as investors digested a recent bond-market selloff and braced for the next wave of earnings reports. The S&P 500 (^GSPC) dropped more than 0.5%. The Dow Jones Industrial Average (^DJI) dropped more than 120 points, or around 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) slid …

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