Starbucks reported better than expected quarterly results Tuesday evening — initially sending shares higher in choppy after-hours trading. Even though the company’s same-store sales declined for the fourth straight quarter, early signs of progress on CEO Brian Niccol’s Back to Starbucks strategy had us feeling encouraged that much better times are ahead. Revenue fell 0.3% year over year to $9.4 billion in the fiscal 2025 first quarter, beating the $9.3 billion expected by analysts, according to LSEG. Adjusted earnings per share (EPS) of 69 cents fell 23% year over year, exceeding estimates by 2 cents, LSEG data showed. SBUX 1Y…
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Cityscape image of Sydney, Australia with Harbor Bridge and Sydney skyline during sunset. Vacation and travel in Australia.Prasit Photo | Moment | Getty ImagesJapan and Australian stocks rose Wednesday as Wall Street rebounded overnight, while several Asia-Pacific markets were closed for the Lunar New Year holiday.Japan benchmark Nikkei 225 rose 0.41%, while the Topix advanced 0.42%, after the indexes closed lower in the previous session.Minutes from the Bank of Japan’s December meeting released Wednesday showed members discussed neutral interest rates and monetary policy conduct. The BOJ has been debating how far borrowing costs should be raised as inflation remains above its…
The sun is shining on Nextracker in extended trading Tuesday, as shares soared after the solar technology company reported a top and bottom line beat for its fiscal third quarter. Even better, management increased its full-year profitability outlook and reported a record backlog. Revenue in its fiscal 2025 third quarter came in at $679 million, down 4.5% year over year, but well ahead of the $651 million consensus estimate, according to LSEG. Adjusted earnings per share (EPS) of $1.03 in the three months ended Dec. 31 rose 7.3% on an annual basis, breezing past the 59-cent estimate, LSEG data showed. The…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 and Nasdaq Composite bounced on Tuesday, and what’s on the radar for the next session. Tesla Elon Musk’s company reports Wednesday after the bell. CNBC TV’s Phil LeBeau will have all the details and the stock’s reaction. Tesla is up 51% over the past three months. Shares have gained 58% since Donald Trump was…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPorter Collins & Vincent Daniel, Seawolf Capital co-founders & hedge fund managers, join ‘Fast Money’ in Miami to talk their investing outlook and playbook for 2025. Source link
President Donald Trump signed a broad executive order targeting transition-related medical care for minors Tuesday. The order, titled “Protecting Children From Chemical and Surgical Mutilation,” intends to restrict access to gender-affirming medical care — including puberty blockers, hormone therapy and surgery — for minors, which it defines as those younger than 19. It prohibits federal funding from covering such care for minors, restricts research and education grants to medical schools and hospitals, and directs the secretary of Health and Human Services to issue regulations to end such care for minors.The order also directs all federal agencies to rescind guidance from the World…
Chinese travelers are canceling plans to visit Thailand during the Lunar New Year holiday, as concerns over the kidnapping of actor Wang Xing continue to reverberate through the country.Net booking volume for trips to Thailand fell 15.6% from Jan. 13 to Jan. 20 from the previous week, after news of the rescue of Wang from a scamming compound along the Thai-Myanmar border this month, according to the marketing agency China Trading Desk.The fallout is also extending to other countries in Southeast Asia, with data from the aviation analytics company VariFlight showing Chinese travelers also canceled holiday trips to Vietnam, Singapore,…
Jaque Silva | Nurphoto | Getty ImagesGoogle’s maps division on Monday reclassified the U.S. as a “sensitive country,” a designation it reserves for states with strict governments and border disputes, CNBC has learned. The new classification for the U.S. came after President Donald Trump said his administration would make name changes on official maps and federal communications. Those changes include renaming the Gulf of Mexico as the “Gulf of America” and renaming Mount Denali as Mount McKinley. Google’s order to stop designating the U.S. as a “non-sensitive” country came on Monday, according to internal correspondence viewed by CNBC. That’s when the company…
With only two days before Israel outlaws operations on its soil of the main U.N. aid agency for Palestinian refugees, the United Nations Security Council on Tuesday took up the issue at a meeting where the United States was Israel’s sole defender.The Israeli laws target a 75-year-old agency that has been a backbone of humanitarian aid delivery to two million Palestinians in Gaza, just as a fragile cease-fire is taking hold there. The agency also helps Palestinians in the Israeli-occupied West Bank and in East Jerusalem.On Tuesday, senior U.N. officials and every member of the Security Council save the United…
A Chinese startup, DeepSeek AI, caused a significant knee-jerk reaction in the markets Monday, leading the Nasdaq to drop nearly 4% at one point. This dramatic pullback hit many semiconductor heavyweights, but the impact wasn’t limited to that sector. Power companies with heavy exposure to the tech sector’s data center boom also plunged as DeepSeek’s claims raised questions about how much energy artificial intelligence applications will actually require. One particular stock of interest is Vistra (VST) . In the 6-month daily chart below, you’ll notice that VST gapped down an eye-popping 30%, closing around $137ish, which coincides with an area…
