Check out the companies making headlines before the bell. Warner Bros. Discovery – Shares jumped nearly 9% after Warner said it will split into two publicly traded companies by next year. One company will host WBD’s streaming services and movie properties, while the other will include its cable networks such as CNN and TNT Sports….
Justin Sullivan | Getty Images News | Getty Images Krispy Kreme stock plunged 24% on Thursday after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the…
Check out the companies making headlines before the bell. Microsoft — The tech giant jumped nearly 9% after beating Wall Street’s earnings and revenue expectations driven by its Azure cloud business. Microsoft issued strong guidance for the year. Meta Platforms — Shares popped 6% after the social media company reported first-quarter earnings of $6.43 on…
The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $2.66 expected Revenue: $6.09 billion expected The fast-food giant, often…
The stock market bounce last week showed once again just how dependent Wall Street has become on the whims of the White House. Case in point: The S & P 500 sank more than 2% this past Monday as President Donald Trump was attacking Federal Reserve Chairman Jerome Powell and providing scant details on tariff…
Revelers attend the annual LGBTQ+ Capital Pride parade in Washington D.C., U.S., June 8, 2024. Leah Millis | Reuters Companies that were once loud and proud in supporting LGBTQ+ community celebrations are pulling back. LGBTQ+ Pride festivals across the country have faced significant sponsorship challenges this year, with some losing corporate partners that collectively provided…
Chick-fil-A pineapple dragonfruit beverages. Courtesy: Chick-fil-A Fast-food chains are going all in on fun beverages to attract younger consumers. Chick-fil-A, known for its straightforward menu of fried chicken and waffle fries, is selling seasonal Pineapple Dragonfruit drinks. Yum Brands’ Taco Bell installed a beverage concept called Live Mas Café inside one of its California locations….
A Taco Bell fast-food restaurant and drive-thru at dusk in Gastonia, North Carolina. Jeff Greenberg | Universal Images Group | Getty Images Two chipmakers are teaming up. Yum Brands is partnering with tech giant Nvidia to accelerate the use of artificial intelligence in its restaurants. The restaurant company, which owns Taco Bell, KFC and Pizza…
Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, as global demand for its drinks rose. Shares of the company climbed more than 4% in morning trading. Here’s what Coca-Cola reported for the quarter ended Dec. 31 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:…
Check out the companies making headlines in midday trading: McDonald’s — The fast-food giant jumped 5% following its earnings announcement . While adjusted earnings came in at $2.83 per share, in line with expectations, revenue of $6.39 billion fell short of the $6.44 billion LSEG consensus estimate. The company’s same-store sales growth of 0.4% topped…
