Starbucks on Tuesday reported its sixth straight quarter of same-store sales declines as the company implements a turnaround strategy. CEO Brian Niccol said in a statement that the company’s comeback is ahead of schedule, based on his past experience, which includes turning around Chipotle Mexican Grill after a series of food-safety scandals. “While our financial…
Check out the companies making headlines in extended trading: Starbucks — The coffee chain’s shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however….
Tom Lee, managing partner and the head of research at Fundstrat Global Advisors, speaks on CNBC’s “The Exchange” on Oct. 31, 2023. Adam Jeffery | CNBC An ETF driven by Tom Lee, an unabashed bull on Wall Street with a big online fandom, just hit another milestone. His first exchange-traded fund Fundstrat Granny Shots US Large…
Check out the companies making headlines in after-hours trading. Cadence Design Systems – Shares of the computer software company jumped more than 6% after its latest quarterly results beat on the top and bottom lines. For the second quarter, Cadence reported adjusted earnings of $1.65 per share on revenue of $1.28 billion, above the $1.55…
Chinese telecoms giant Huawei showed off its Ascend chips and system for powering artificial intelligence models at the World AI Conference in Shanghai on July 26, 2025. CNBC | Evelyn Cheng BEIJING — Less than two weeks after Nvidia CEO Jensen Huang’s high-profile visit to Beijing, the U.S. chipmaker was conspicuous by its absence at…
Asia-Pacific markets trade mixed as traders await details of U.S-China talks CNBC US, China Negotiators Meet in Stockholm to Extend Trade Truce Bloomberg US, China to resume tariff talks in effort to extend truce Reuters State of U.S. Tariffs: July 23, 2025 The Budget Lab at Yale US and China to talk in Stockholm on trade with eye on…
The market may be trading around record highs, but the Verdence Capital Advisors CIO is worried trouble is lurking. Megan Horneman, who oversees $4.1 billion in assets under management, thinks there’s too much complacency around the Aug. 1 U.S. trade deadline. “This market is pricing in the perfect situation,” she told CNBC’s “Fast Money” on…
FAA chief Steve Dickson flies a Boeing 737 MAX, from Boeing Field on September 30, 2020 in Seattle, Washington. Mike Siegel | Getty Images After spiraling from crisis to crisis over much of the past seven years, Boeing is stabilizing under CEO Kelly Ortberg‘s leadership. Ortberg, a longtime aerospace executive and an engineer whom the…
Stock analysts are getting excited about the potential boost to Asian crypto trading after Hong Kong’s stablecoin bill takes effect on Friday. Stablecoins are virtual assets that reference government-issued, or fiat, currencies. Hong Kong’s bill formalizes the process for financial companies to issue and manage the virtual assets, similar to the U.S. GENIUS Act ….
Former NBC Cable President Tom Rogers is dialing back his bullishness on Netflix. The media trailblazer, who was a self-proclaimed “raging bull” on Netflix, told CNBC’s “Fast Money” this week he’s starting to worry — and listed competition with free content on YouTube as a headwind. “[Netflix] still [has] more hit shows than all the…
