How prices for the U.S. Open’s ‘Honey Deuce’ — now $23 — stack up against inflation
Prices for the famous tennis cocktail have been raised six times since 2012. Source link...
MARKET
Ulta Beauty’s same-store sales take a surprising turn, and retailer’s stock drops 8%
Shares of Ulta Beauty Inc. dropped more than 8% in the extended session Thursday after the specialty retailer reported worse-than-expected quarterly earnings, cut its guidance, and showed a drop in same-store sales against expectations of an increase. Source link...
Dell’s stock gets a boost as earnings show huge growth in AI servers
Demand for Dell’s AI servers was up 23% sequentially in the latest quarter. Source link...
Fed rate cuts to soften blow of spiraling U.S. debt — but it won’t solve the $35 trillion problem
Interest due on the national debt costs more than $3 billion each day, including the weekends. Source link...
The era of free money and 0% interest may be over for good
But Democrats are yelling at Jerome Powell anyway. Source link...
With earnings season behind us, the stock market is aiming at a breakout
Election year and seasonal trading patterns favor the bulls. Source link...
Jack Daniel’s parent Brown-Forman posts earnings miss, but stock rises as it backs guidance
Brown-Forman Corp., parent to alcohol brands including Jack Daniel’s, posted weaker-than-expected fiscal first-quarter earnings on Thursday, as consumers continue to be wary of spending on nonessential goods. Source link...
Gap’s earnings come out earlier — and better — than expected, despite tough retail backdrop
Shares of Gap Inc. rose after the clothing retailer reported second-quarter profits and revenue that were better than expected and offered an upbeat full-year forecast despite a difficult backdrop for the apparel industry. Source link...
Birkenstock’s stock slides 14.6% after profit falls short of estimates
German sandal maker backed medium and long-term profit goals. Source link...
American Eagle Outfitters stock drops as Q2 revenue misses analyst estimate
Retailer expects 2024 operating income of $455 million to $465 million, below the analyst projection of $469 million Source link...
