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McDonald’s Stock Slips as Same-Store Sales Fall More Than Expected
McDonald's shares slipped in premarket trading Tuesday after it reported higher third-quarter revenue but lower profit than last year, as the fast-food giant's same-store sales fell more than expected. McDonald's shares fell 2% in premarket trading Tuesday after the fast-food giant reported a mixed third-quarter performance. While revenue grew to $6.87 billion, exceeding last year's $6.69 billion…
October 29, 20241 minRead time
Stocks
What You Need To Know Ahead of Coca-Cola’s Earnings
Coca-Cola will report its third-quarter earnings before the market opens on Wednesday. Coca-Cola (KO) is set to report its third-quarter earnings before the market opens on Wednesday, with analysts anticipating a mixed performance compared to last year. The beverage giant is expected to report revenue of $11.65 billion, down 2.5% year-over-year, while earnings per…
October 20, 20241 minRead time
Stocks
Nvidia Stock Surges as Foxconn Announces Massive AI Server Facility
Nvidia (NVDA) stock rose on Tuesday after Foxconn, the world’s largest contract electronics manufacturer, touted strong demand for artificial intelligence servers.  Nvidia (NVDA) shares surged on Tuesday after Foxconn, the world’s largest contract electronics manufacturer, announced strong demand for AI servers. During its annual tech day, Foxconn revealed it is constructing the world’s largest AI…
October 9, 20242 minRead time
Finance News
EU navigates China trade dilemma
The EU is walking a delicate tightrope, with some member states keen to protect their markets, while others want to safeguard Chinese investment and to attract more. The European Union (EU) is navigating a delicate balance between protecting its domestic markets and maintaining crucial economic ties with China. Some member states are eager to shield…
October 8, 20243 minRead time
Stocks
Meta Stock Hits Record High Amid AI Hype
Meta shares hit a new record high Friday as investor optimism about the tech giant’s AI opportunities runs high. Meta Platforms (META) shares reached a new record high Friday, continuing their strong 2024 rally as investor optimism surrounding the tech giant's AI and metaverse innovations remains strong. Meta's recent showcase at its Connect conference highlighted…
October 5, 20242 minRead time
Stocks
Stellantis Stock Plummets 13% After Profit Warning
Stellantis shares are tumbling Monday after the Chrysler and Jeep parent issued a profit warning. Stellantis (STLA) shares plunged 13% on Monday after the Chrysler and Jeep parent issued a profit warning, driven by excess North American inventory and intensifying competition from Chinese automakers. The company revised its fiscal 2024 adjusted operating income margin to…
September 30, 20241 minRead time
Stocks
Accenture Surges on Generative AI Demand, Beats Q4 Revenue Forecasts
Accenture exceeded fourth-quarter revenue forecasts on rising demand for its generative AI services. Accenture (ACN) shares soared on Thursday after the business management consulting firm surpassed fourth-quarter revenue forecasts, driven by rising demand for its generative AI services. The company also provided solid guidance, increased its dividend, and expanded its stock buyback program. Accenture reported…
September 26, 20241 minRead time