Business & Finance News
Chipotle Mexican Grill Inc’s aggressive push into online orders, amped up ads around fresh ingredients and the addition of healthier meals helped the burrito chain post its highest sales growth at established restaurants in over two years.
Texas Instruments Inc provided some relief that a global slowdown in microchip demand would not be as long as feared, posting quarterly profit and revenue that beat Wall Street estimates on Tuesday.
The U.S. Justice Department said on Tuesday it was opening a broad investigation of major digital technology firms into whether they engage in anticompetitive practices, the strongest sign the Trump administration is stepping up its scrutiny of Big Tech.
Deutsche Bank AG’s turnaround strategy rests in large part on shedding 288 billion euros of unwanted assets. Three bank insiders said it will take years, tying up capital that could have generated income of 500 million euros ($557 million) a year.
The Federal Trade Commission is set to announce on Wednesday that Facebook Inc has agreed to a sweeping settlement of significant allegations it mishandled user privacy and pay $5 billion, two people briefed on the matter said.
The U.S. Justice Department said on Tuesday it was opening an investigation of major digital tech firms on whether they engage in anticompetitive practices.
Texas Instruments Inc beat Wall Street estimates for quarterly profit and revenue on Tuesday, signaling a relief against the backdrop of a global slowdown in demand for microchips and sending its shares up 6% in extended trading.
U.S. stocks added to their gains on Tuesday following news of potential progress in U.S.-China trade negotiations, while the pound fell after Brexit hard-liner Boris Johnson won the leadership of Britain’s Conservative Party, clearing the way for him to become prime minister.
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China.
Snap Inc’s Snapchat on Tuesday beat analysts’ estimates for user growth and revenue, getting a boost from a better version of its Android app and the launch of a new augmented reality photo lenses.
The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly earnings reports from Coca-Cola Co and United Technologies Corp .
United Parcel Service Inc , the world’s largest package delivery firm, on Tuesday unveiled its drone delivery subsidiary and said it has applied for the Federal Aviation Administration certifications needed to expand the business.
The cryptocurrency entrepreneur Justin Sun postponed his $4.57 million charity lunch with Warren Buffett after falling ill with kidney stones, according to a statement from a foundation he backs.
Starbucks Corp said on Tuesday it would expand its partnership with UberEats to deliver food and coffee throughout the United States in early 2020.
Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week.
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