Starbucks (SBUX) missed the mark on sales again as it reported its numbers Tuesday after market close.Q3 revenue fell 1% to $9.1 billion, lower than expectations of $9.2 billion, per Bloomberg consensus estimates.Global same-store sales declined for the second quarter...
Business InsiderThe cyclical bull rally starting in October 2022 is expected to last into 2025, according to Ned Davis Research.The firm highlights a chart that shows the historical trends of cyclical bull market rallies, and when they typically end."We expect...
Getty Images; Alyssa Powell/BIThe market risks a harmful debt bubble, potentially spreading losses in the financial sector.Economist Dambisa Moyo warns of overvalued stocks driven by enthusiasm for artificial intelligence.Moyo highlights the danger of highly leveraged, unproductive assets, similar to the...
Nvidia (NASDAQ: NVDA) stock fell again in Tuesday's trading. The artificial intelligence (AI) frontrunner's share price ended the daily session down 7%, according to data from S&P Global Market Intelligence.Nvidia's pullback in today's trading appears to be a classic case...
Dow Jones futures fell modestly after hours, while S&P 500 futures edged lower and Nasdaq futures rose, as Microsoft (MSFT) fell on weak Azure cloud-computing growth. The Fed meeting decision is on tap Wednesday. ↑ X NOW PLAYING Nasdaq Skids...
(Reuters) -Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter.Shares of the chipmaker, which is set to report quarterly results on...
Shares of Lumen Technologies (NYSE: LUMN) got a huge boost today from another company's earnings report. Corning (NYSE: GLW) announced that it's selling 10% of its fiber capacity for the next two years to Lumen, and investors loved the news.Shares...
Satya Nadella, Microsoft boss, earlier this year - David Paul Morris/BloombergMicrosoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intelligence boom.Shares in the company fell by more than 7pc in...
Microsoft (MSFT) announced its fiscal fourth quarter earnings after the bell on Tuesday, beating on the top and bottom lines, but missing on Cloud revenue expectations, sending shares of software giant tumbling following the report.For the quarter, Microsoft reported earnings...
There has been an ongoing rotation in the stock market, and one of the losers has been previously high-flying Nvidia (NASDAQ: NVDA). Shares of the leading artificial intelligence (AI) chip and software maker continued to drop on Tuesday.Today, shares fell...
