Starbucks Corp topped Wall Street forecasts for quarterly sales and earnings, as rejigged menus and heavy promotions helped attract customers to its cafes, driving its shares 4 percent higher on Thursday.
Stocks closed higher on Thursday after a choppy trading day, while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than expected and with the United States was far from a China trade deal.
Intel Corp forecast current-quarter revenue and profit below analysts’ estimates and missed on fourth-quarter revenue expectations on Thursday, as a slowdown in China hit demand for its data center chips.
The S&P 500 edged higher but the Dow closed nominally lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes undercut a spate of strong earnings, while chipmakers rallied to give the Nasdaq a solid gain.
Starbucks Corp topped Wall Street forecasts for quarterly same-restaurant sales on Thursday, as newer beverages and rejigged menus helped attract customers to its cafes in both the United States and China, its top two markets.
Ford Motor Co said on Thursday it faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound.
The partial U.S. government shutdown is threatening to delay the roll-out of new vehicle models in the United States by stalling required certifications from the Environmental Protection Agency, automakers said.
Alphabet Inc’s Google on Thursday asked the U.S. Supreme Court to free it from a billion-dollar copyright case brought by Oracle Corp that dates to 2010.
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics – climate change and pressure from investors.
J.P. Morgan economists reduced their outlook for U.S. economic growth in the first quarter to 1.75 percent from 2.00 percent as the partial U.S. government shutdown has stretched to a second month for the longest one ever, they said on Thursday.
Stocks flitted between positive and negative territory on Thursday while U.S. Treasuries were in demand after the European Central Bank chief said economic growth was likely to be weaker than previously expected and the United States was cautious on prospects for a trade deal with China.
The S&P 500 and the Dow edged lower on Thursday as lingering anxieties about slowing global growth and unresolved trade disputes kept buyers at bay, but chipmakers rallied to push the Nasdaq into the black.
Harvard University’s public health graduate school, U.S. think-tank New America, and American apparel company Levi Strauss & Co announced on Thursday a collaboration to develop a blockhain-based system designed to augment outside auditors of factory health and safety with self-reporting by workers.
Three major U.S. airlines said on Thursday the U.S. government partial shutdown had not yet had a major financial impact but a tipping point might be near.
Airbus warned on Thursday it could shift future wing-building out of Britain in the absence of a smooth exit from the European Union, predicting “potentially very harmful decisions” for its British operations in the event of a ‘no-deal’ Brexit.
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