U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Fed cut interest rates by quarter of a percentage point, in Washington, D.C., U.S., Oct. 29, 2025.Kevin Lamarque | ReutersThe Federal Reserve meeting that wrapped up Wednesday both delivered on expectations and offered a few surprises. Here are five key takeaways:The Federal Open Market Committee, as expected, delivered its quarter percentage point rate cut, but not without some backstage intrigue that included two dissenting votes — one in each direction. While Governor Stephen Miran delivered a widely anticipated “no” vote because he preferred a half-point reduction, Kansas City…
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Wall Street is gearing up for the biggest earnings day for megacap tech, with reports from Meta , Microsoft and Alphabet due out after Wednesday’s market close. Investors are keeping a close eye on how the biggest tech names perform as these results could be the factor that pushes stocks to further heights — or leads to an unwind of the bull market. Tech earnings have grown crucial in recent years, particularly amid the rise of artificial intelligence. A select group of megacap companies are trading at record levels, with just eight — Nvidia , Microsoft, Apple , Alphabet, Amazon , Meta,…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
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…
