The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
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Close-up of a Starbucks branded paper bag on a picnic table outdoors in a park, Walnut Creek, California, May 19, 2024. Smith Collection/gado | Archive Photos | Getty ImagesCoffee delivery has turned into a $1 billion business for Starbucks.The coffee giant said on Wednesday that its annual delivery sales crossed the milestone in fiscal 2025, which ended on Sept. 30. In the company’s fiscal fourth quarter, delivery sales climbed almost 30% compared with the year-ago period, executives said.The growth of Starbucks’ delivery initiative comes as the company’s broader U.S. business embarks on a turnaround. Starbucks reported flat U.S. same-store sales…
Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. Jason Redmond | AFP | Getty ImagesMicrosoft took a $3.1 billion hit to its net income in the first quarter due to the software company’s hefty investment in OpenAI.In its earnings report on Wednesday, Microsoft said the drop in profit reflected an “equity method investment,” resulting in a 41-cent decline in earnings per share. Net income still rose to $27.7 billion, or $3.72 per share, from…
TOKYO, JAPAN – OCTOBER 28: U.S. President Donald Trump (L) and Japanese Prime Minister Sanae Takaichi (R) hold up signed documents for a critical minerals/rare earth deal with Japan during a meeting at Akasaka Palace on October 28, 2025 in Tokyo, Japan. Andrew Harnik | Getty Images News U.S. President Donald Trump’s push to secure rare earth supply deals across Asia will ultimately weaken China’s dominance in the global supply chain for critical minerals — but analysts said the buildup will take years.Over 10 days, Trump cemented deals with Australia, Malaysia, Cambodia and most recently, Japan, to bolster the supply…
The American multinational chain Starbucks Coffee store and logo seen displayed. Sopa Images | Lightrocket | Getty ImagesStarbucks on Wednesday reported that its quarterly same-store sales returned to growth for the first time in nearly two years, showing that its turnaround strategy is winning over lapsed customers.The coffee chain’s global same-store sales rose 1%, lifted by international markets. Its U.S. same-store sales were flat for the quarter but turned positive in September. Wall Street was projecting global same-store sales declines of 0.3% and a 0.9% decrease in U.S. same-store sales.”We’re a year into our ‘Back to Starbucks’ strategy, and it’s…
The XLI Industrial ETF is up approximately 18% year to date, yet it has largely gone unnoticed through the first 10 months of the year — even while outperforming the S & P 500 (+17%). There are two main reasons for this. First, it has clearly lagged the XLK Technology ETF , which leads the market with a 31% gain year-to-date. Second, XLI has made very little net progress in recent months; since its July’25 highs, it’s currently up less than 1%. Today, we’ll take a closer look at XLI and highlight how it’s nearing a potential breakout that could also lead to renewed relative strength in the weeks…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on Alphabet’s Q3 results, where a $1.5 billion beat in core search revenue eased fears that generative AI could cannibalize its ad business. Source link
Check out the companies making headlines in after-hours trading. Alphabet — Shares of the Google parent jumped nearly 5% on the back of strong results , which included better-than-expected Google Cloud revenue and YouTube advertising revenue. Alphabet earned $3.10 per share, on an adusted basis, topping the $2.33 per share estimate from LSEG. The search giant’s revenue for the period came out at $102.35 billion, while analysts expected $99.89 billion in revenue. MGM Resorts — The casino hotel operator tumbled 6% postmarket Wednesday after third-quarter earnings fell short of estimates, hurt by declining visits to Las Vegas. It earned 24…
Chinese President Xi Jinping and U.S. President Donald TrumpSergey Bobylev | Kent Nishimura | ReutersA high-stakes meeting between President Donald Trump and Chinese President Xi Jinping could yield a breakthrough in the quarrelsome trade relationship between the two economic superpowers.But while both the Trump administration and Beijing are projecting optimism ahead of the sit-down, specifics about the summit remain unclear — and some experts are skeptical of the White House’s confidence.Phil Luck, director of the economics program at the Center for Strategic and International Studies, said he was expecting an outcome that is “relatively minor, relatively vague” and “not awe…
Bill McDermott, chief executive officer of ServiceNow Inc., during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Thursday, July 10, 2025. David Paul Morris | Bloomberg | Getty ImagesServiceNow reported third-quarter results on Wednesday that blew past Wall Street’s estimates, with the company also approving a five-for-one stock split.Shares rose 4% after the bell.Here’s how the company did versus LSEG estimates.Earnings per share: $4.82 adjusted vs. $4.27 expectedRevenue: $3.41 billion vs. $3.35 billion expectedThird-quarter subscription revenues, which account for the bulk of the enterprise software company’s sales, totalled $3.3 billion and surpassed a $3.26…
