AI
AI stock shock could spark broader gains in US market
A development in the field of AI that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares.
Brian Niccol
Starbucks sales set to drop again as investors wait for turnaround
Starbucks is set to report its fourth straight quarter of comparable sales decline in what could be another blow for efforts to revive demand at the struggling coffee chain.
AI
Nvidia’s options primed for $300-billion price swing after earnings
Options traders are primed for a nearly $300-billion swing in Nvidia’s market value following the chipmaker’s quarterly results on Wednesday.
Baird
McDonald’s E. Coli Outbreak Could Worsen Near-Term Sales Decline
McDonald’s investors will look for signs of near-term sales disruption from the recent E. coli outbreak when it reports third-quarter results
adjusted profit
Tesla Shares Soar After Company Announces Better-Than-Expected Profit Of $2B
Elon Musk’s company Tesla said on Wednesday that it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected profit margin for the third quarter, sending shares up 5% after hours.
Adriana Kugler
S&P 500, Nasdaq rise as investors focus on inflation data, Q3 earnings
Wall Street’s main indexes opened higher on Tuesday, as investors shifted their attention to the upcoming third-quarter earnings season and inflation data for hints on the Federal Reserve’s future rate decisions.
Business
Nike CEO To Retire As Sportswear Company Sales Drop
Sports Brand Nike announced on Thursday, that CEO John Donahoe will retire after more than five years of being in charge of the company as the brand has struggled recently with sales and other competition.
$160
U.S. Economy Added 142K Jobs In August, Falling Below Expectations
The latest job growth report showed that job additions in August increased but missed economists’ estimates, with the unemployment rate staying nearly the same.
America
Report: Job Openings Fall To Lowest Level Since Biden Took Presidency
Job openings across America spiraled down to their lowest level since the beginning of 2021, a very concerning notion that the labor market is cooling.
Annex Wealth Management
Target raises 2024 profit forecast as price cuts draw shoppers
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.