Starbucks’ new CEO said the company is making progress on its turnaround plan. However, Brian Niccol, now almost 8 months into his new role, acknowledged, “I’d be remiss if I don’t first just mention the hard fact in front of us, which is our Q2 2025 financial results were disappointing. The thing I want you to know is behind the scenes, we really are showing a lot of signs of progress.” Why were the results disappointing? Earnings missed consensus estimates by 4 cents a share, or more than 15%. U.S. comparable sales declined by 2%, far worse than the modest…
Author: usaeverydaylife
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Fast Money” is America’s post-market show. Hosted by Melissa Lee and a roundtable of top traders, “Fast Money” breaks through the noise of the day, to bring you the actionable news that matters most to investors. Source link
Steven Chechette (C) speaks with a recruiter at the KeySource booth at the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2025, in Sunrise, Florida.Joe Raedle | Getty ImagesClues on whether the U.S. economy is merely in a temporary tariff-induced funk or a more damaging longer-turn downtrend should come Friday when the Labor Department releases the April jobs report.Economists expect nonfarm payrolls to post an increase of 133,000, which would be a steep slide from the 228,000 in March, according to the Dow Jones consensus. However, it would be only slightly below the…
Apple CEO Tim Cook, after nearly a month of anticipation from investors, on Thursday finally revealed how Apple was navigating the Trump administration’s tariffs.The company only saw a “limited impact” on tariffs between January and the end of March, Cook told investors on an earnings call for the company’s second quarter results.For the current quarter which ends in June, Apple is predicting about $900 million in additional costs for those tariffs — assuming nothing changes, Cook said. That surprised analysts who said on the call that they expected the costs to be higher.The vast majority of Apple’s products are “currently…
In a Thursday interview with CNBC’s Jim Cramer, Hasbro CEO Chris Cocks detailed how the toy maker is trying to diversify its supply chain and adapt to President Donald Trump’s steep tariff hikes on China, one of its top suppliers.”I think we’re making rapid changes,” he said. “You know, our goal was to get to about 40% of global sourcing out of China by the end of 2026. I think we’ll hit that much earlier.”According to Cocks, Hasbro has shifted some manufacturing to countries including the U.S., Turkey, China, Japan, India, Vietnam and Indonesia. So far in 2025, he said…
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 major averages started May with wins, and what’s on the radar for the next session. Berkshire Hathaway annual meeting CNBC’s coverage begins Friday with Becky Quick of ” Squawk Box ” live in Omaha, Neb. So far in 2025, Berkshire Hathaway is the 39th top stock in the S & P 500 , up roughly 17% this year.…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies and broader markets climb following positive Big-Tech earnings. Plus, Robinhood’s Q1 earnings report reveals crypto revenue increased 100% compared to the prior year. And, Alisia Painter, co-founder of bitcoin-based blockchain Botanix Labs, discusses the cryptocurrency’s performance and what can be expected in May. Source link
Nvidia’s CEO Jensen Huang delivers his keystone speech ahead of Computex 2024 in Taipei on June 2, 2024. Sam Yeh | AFP | Getty ImagesNvidia CEO Jensen Huang has made tens of billions of dollars in recent years from his stake in the chipmaker, but he’s getting his first salary increase in a decade.Huang’s base salary rose to $1.5 million, a 49% increase from 2024, according to a proxy filing with the SEC on Thursday. His variable cash also went up by $1 million, or 50%, from the 2024 fiscal year. Stock awards grew to $38.8 million, bringing total pay to…
Trump removed his national security adviserPresident Trump announced yesterday that he was removing his national security adviser, Michael Waltz, naming Secretary of State Marco Rubio as his interim replacement. It was the first major personnel overhaul of top White House aides, and the kind of move he had wanted to avoid in his second term.Waltz had been on thin ice since he organized a group chat on the app Signal to discuss a sensitive military operation in Yemen and accidentally included a journalist. Trump has nominated Waltz to be U.S. ambassador to the U.N.But even before the group chat leak,…
