Starbucks may be set up for gains as its turnaround strategy takes hold over the coming quarters, according to Baird. The firm upgraded the coffee chain to outperform from neutral and increased its price target by $15 to $115. Its updated target calls for more than 25% upside from Monday’s close. The stock has come under pressure in the past month, falling more than 3%, on the heels of its latest quarterly results showing its sixth consecutive quarter of same-store sales declines . But with CEO Brian Niccol saying that the company is “gaining momentum,” analyst David Tarantino thinks growth…
Author: usaeverydaylife
The recent pullback in shares of Chipotle may be nearing its end, according to Piper Sandler. The firm upgraded the stock to overweight from neutral but cut its price target by $3 to $50, which implies 20.1% upside from Monday’s close. In late July, shares tumbled more than 13% after the burrito chain slashed its same-store sales outlook for 2025, the second quarter in a row that it’s done this. The company also reported that traffic fell for the second straight quarter. The stock’s year-to-date decline now sits at about 31%, which analyst Brian Mullan said prices in a scenario…
MOSCOW, RUSSIA – JULY 31 (RUSSIA OUT) Russian President Vladimir Putin smiles during Russian-Laotian talks at the Kremlin on July 31, 2025 in Moscow, Russia. (Photo by Contributor/Getty Images)Contributor | Getty Images News | Getty ImagesRussian President Vladimir Putin is not actually interested in negotiating when he meets his U.S. counterpart Donald Trump to discuss the war in Ukraine, European Union foreign policy chief Kaja Kallas told CNBC on Tuesday.European officials and Ukrainian President Volodymyr Zelenskyy have expressed concerns at being sidelined from the Putin-Trump meeting in Alaska on Friday. The Ukrainian leader warned that Russia is planning further offensives and…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty ImagesSpirit Airlines has warned it might not be able to survive as a going concern if it doesn’t raise more cash, five months after the budget-travel icon emerged from bankruptcy.After cutting its debt during restructuring, Spirit has tried to attract bookings by marketing more upscale products and looking for new ways to cut costs. Late last month, the airline announced plans to furlough 270 more pilots this fall.”However, the Company…
A banner for Circle Internet Group, the issuer of one of the world’s biggest stablecoins, hangs on the front of the New York Stock Exchange (NYSE) to celebrate the company’s IPO in New York City, U.S., June 5, 2025. Brendan McDermid | ReutersCircle Internet Group shares jumped Tuesday after reporting its first quarterly earnings as a publicly listed company.The stablecoin issuer reported a 53% increase in revenue, which rose to $658.1 million in the second quarter from $430 million in the same period a year ago, driven by strong growth in stablecoins.Shares of the stock rose more than 7% in…
Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022.Nurphoto | Nurphoto | Getty ImagesIndia’s consumer inflation continued to ease in July, dropping for a ninth straight month to 1.55%, below analysts’ estimates, government data showed Tuesday.The headline inflation rate fell on the back of declining growth in food prices, to its lowest level since June 2017. Economists polled by Reuters had estimated July inflation at 1.76%.Food inflation, which is a key component of the consumer price index, came in at -1.76%, lower than the -1.06% print in…
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy, as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions such as elevated domestic capacity and weak demand for leisure travel in the second quarter have resulted in a tough pricing environment for the airline, it said in its quarterly report on Monday.The company expects these pressures to persist through the rest of the year, adding to operational…
Flush with cash from a period of resilient earnings, a growing number of European companies are shunning high-stakes deals in favor of smaller and targeted “bolt-on” acquisitions to pursue growth. Executives from industrial giants to consumer goods firms are deploying capital on strategic deals designed to snap up competitors and acquire technologies instead of staking their reputations on major deals that run the risk of never materializing. It’s a strategy that is allowing firms to pursue growth without the immense risks and regulatory headaches that have scuttled larger deals. “This is a time again as part of playing offense, where…
On Running shoes at On’s headquarters in in Zurich, Switzerland.CNBCOn sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam. The buzzy sneaker brand, which has been credited with taking market share from Nike, now expects full year-sales of 2.91 billion Swiss francs ($3.58 billion), up from its previous outlook of 2.86 billion francs ($3.52 billion). That’s in line with Wall Street expectations of 2.92 billion francs ($3.59 billion), according to LSEG. On also raised its gross margin guidance to a range of…
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025.Jim Watson | AFP | Getty ImagesU.S. President Donald Trump has singaled that he’d be open to allowing Nvidia to sell a downgraded version of its most advanced artificial intelligence chip to China.Speaking at a press conference on Monday, Trump said that he could make a deal with Nvidia if it could reduce the performance of its Blackwell system.”It’s possible I’d make a deal” on a “somewhat enhanced — in a negative way — Blackwell” processor, Trump…
