Texas Roadhouse on Thursday evening reported mixed second-quarter results as elevated beef prices weighed on profitability. Still, the company posted strong comparable sales and said the ongoing third quarter was off to a great start, offsetting some fears around higher input prices. Revenue in the quarter ended July 1 increased 12.8% year over year to $1.51 billion, exceeding the LSEG-complied Wall Street consensus estimate of $1.50 billion. Earnings per share (EPS) increased 4% on an annual basis to $1.86, missing expectations of $1.91, LSEG data showed. Shares were down a little more than 1% in extended trading Thursday. The stock…
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The Dow Industrials fell on Thursday, dropping more than 200 points after a sharp reversal in the session. Here’s what’s on CNBC’s radar going into Friday. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on Block’s upbeat forecast, which sent shares sharply higher in extended trade even after the fintech posted weaker-than-expected earnings for the second quarter. Source link
Asia-Pacific markets start the day mixedAsia-Pacific markets opened mixed Friday.As of 8:12 a.m. Singapore time (8:12 p.m. ET Thursday), Japan’s Nikkei 225 benchmark rose 1.18% while the broader Topix index added 0.87%.In South Korea, the Kospi index fell 0.13% while the small-cap Kosdaq increased by 0.65%.Over in Australia, the S&P/ASX 200 benchmark was down 0.29%.— Amala BalakrishnerU.S. futures move up in early Asia hoursHere are the opening calls for the day Good morning from Singapore, and happy Friday.Investors are awaiting a slew of data from Japan, including its current account balance for June.The country’s benchmark Nikkei 225 was set to open higher, with the futures…
Tesla’s vice president of hardware design engineering, Pete Bannon, is leaving the company after first joining in 2016 from Apple, CNBC has confirmed.Bannon was leading the development of Tesla’s Dojo supercomputer and reported directly to Musk. Bloomberg first reported on Bannon’s departure, and added that Musk ordered his team to shut down, with engineers in the group getting reassigned to other initiatives.Tesla didn’t immediately respond to a request for comment.Since early last year, Musk has been trying to convince shareholders that Tesla, his only publicly traded business, is poised to become an an artificial intelligence and robotics powerhouse, and not…
Evan Seigerman, BMO, joins ‘Fast Money’ to talk the latest oral obesity treatment data out of Eli Lilly. Source link
WASHINGTON, DC – AUGUST 07: U.S. President Donald Trump gesturse as he signs a National Purple Heart Day Proclamation during an event to honor recipients of the Purple Heart in the East Room of the White House on August 07, 2025 in Washington, DC. The ceremony recognizes 100 veterans who were wounded in military action. (Photo by Anna Moneymaker/Getty Images)Anna Moneymaker | Getty Images News | Getty ImagesPresident Donald Trump stepped up pressure on large banks and their regulators on Thursday, signing an executive order requiring the banking industry to ensure it is not refusing financial services to anyone based…
U.S. President Donald Trump speaks, as he makes an announcement on the economy, in the Oval Office at the White House in Washington, D.C., U.S., August 7, 2025. Jonathan Ernst | ReutersU.S. President Donald Trump on Thursday signed a memorandum that requires universities to collect admissions data to prove they are not engaged in efforts to shape their student bodies along racial lines, according to the White House.But the largest higher education policy and lobbying organization in the U.S. said the wording of the memo was vague. The American Council on Education also said it may be illegal for schools…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Congress is weighing a bill that would send Americans hundreds of dollars in the form of tariff rebate checks — similar to the pandemic stimulus checks — in potential efforts to soften the financial blow of the administration’s new tariffs.The current version of the bill promises “at least” $600 for every adult and dependent child. For example, if you’re a family of four, you’d get $2,400. The amounts would phase out for married couples making over $150,000 a year.What do you need money for? Get matched with the right financial product.The legislation, dubbed the American Worker Rebate Act, was introduced by…
