Updated Sept. 22, 2022 3:45 pm ET Listen to article (2 minutes) U.S. regulators have started inspecting China-based audits, kicking off a monthslong process that will determine whether companies from ...
Tag: Lodgings/Restaurants/Bars
Costco, AutoZone, Lennar, Darden, and Other Stocks for Investors to Watch This Week
Text size All eyes will be on the Federal Reserve this week, as the central bank’s policy committee meets to consider further interest-rate increases. A handful of major companies will report earnings...
It’s a great time to scoop up bargain stocks. Here are 21 examples that could make you a lot of money.
Are you a contrarian investor? Sometimes it seems everyone claims to be one, but it isn’t easy, especially after a wipeout such as the one we saw on Sept. 13. An investor who wishes to pay bargain pri...
20 value stocks whose growth potential is overlooked by investors
After a years-long bull market in growth stocks, the beleaguered value strategy has outperformed this year, as rising interest rates apply pressure on equities. Below is a screen of large-cap value st...
Who is the new Starbucks CEO? He has ‘deep’ knowledge of the consumer but lacks restaurant experience.
Investors didn’t appear to be too excited with Starbucks Corp.’s choice for its new chief executive officer, Laxam Narasimhan, but BTIG analyst Peter Saleh said they shouldn’t be surprised that he’s n...
New CEO of Starbucks — a ‘world-class leader,’ says Howard Schultz — will do a stint as barista
Starbucks Corp.’s soon-to-be chief executive is a “world-class leader” with deep knowledge of consumer-product companies and will spend time as a barista to get to know the company, the coffee chain’s...
Starbucks Names Laxman Narasimhan New CEO
Starbucks named as its new CEO consumer products executive Laxman Narasimhan, months after former head Howard Schultz temporarily took over to steer the coffee giant through rising costs, a unionizati...
Alibaba and JD.com Stocks Are Rising. Let the U.S. Audits Begin.
Text size Investors in Alibaba and other U.S.-listed Chinese stocks crave regulatory clarity. Greg Baker/AFP via Getty Images Shares of Alibaba and JD.com were rising Wednesday following a report that...
Paramount Sues Company Behind McDowell’s Pop-Up, Citing ‘Coming to America’ Infringement
A pop-up restaurant that paid homage to the 1980s classic comedy “Coming to America” now faces a lawsuit from Paramount Pictures over copyright infringement. JMC Pop Ups LLC created a temporary versi...
Tesla, Ford attract new investments from Soros’s fund
Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing la...
Billionaire Robert Brockman, Accused of Biggest Tax Fraud in U.S. History, Dies at 81
When Robert Brockman, one of the richest people in the country, was visiting his company’s offices near Dayton, Ohio, he stayed at budget motels and ate frozen dinners in his room, a former employee r...
10 Stocks That Should Shine in a 2023 Recession: Citi
As the risk of a recession draws nearer, Citi group has produced a screen of 30 stocks to help investors find opportunities during the second half of 2022. Stocks have rebounded in recent weeks with ...
10 Stocks That Should Shine in a 2023 Recession, Citi Says
As the risk of a recession draws nearer, Citi group has produced a screen of 30 stocks to help investors find opportunities during the second half of 2022. Stocks have rebounded in recent weeks with ...
China’s Retaliation to Pelosi’s Trip Keeps Chips Off the Menu for Now
China’s fresh blockade of food imports from Taiwan wasn’t enough to further destabilize markets nervous about House Speaker Nancy Pelosi’s historic visit to the island. Beijing’s four days of military...
Airbnb Stock Falls. Wall Street Hoped for More From Earnings.
Text size Airbnb earned $379 million in the second quarter, reversing a loss of $19 million in the first quarter. Dreamstime Airbnb shares are trading sharply lower in late trading Tuesday after the s...
Airbnb stock falls sharply despite earnings beat, plan to repurchase $2 billion in stock
Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $2 billion of its stock. “Our Q2 result...
AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks to Watch This Week
It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers...
AMD, PayPal, Starbucks, Uber, Paramount, and Other Stocks for Investors to Watch This Week
It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers...
Large Fund Sells AMD Stock. It Bought Intel, AT&T and Starbucks.
Text size Dreamstime One of America’s largest public pensions has made big changes in some of its largest investments. In the second quarter, State Teachers Retirement System of Ohio nearly halved an ...
Starbucks, Uber, CVS to Report Earnings Amid Shrinking Economy
July 30, 2022 10:00 am ET Listen to article (2 minutes) CVS Health Starbucks and Uber Technologies are among the companies headlining another busy earnings week as investors look for signs of a recess...
Stock Futures Are Rising. Afternoon Earnings Boosted Tech Shares.
Text size Traders, here on the New York Stock Exchange, were encouraged by the earnings posted Tuesday. (NYSE) U.S. stock futures were up Tuesday evening as investors processed a rush of second-quarte...
These 20 stocks still have at least 48% upside, analysts say, despite the S&P 500’s 8% gain from its lows
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the benchmark index is still down 17% this year, analysts expect it to soar 21% over the next 12 month...
Robots are making french fries, chicken wings and more as restaurant kitchens gear up for an automated future
One of the first investments from Chipotle Mexican Grill Inc.’s venture fund Cultivate Next is in Hyphen, a San Jose, Calif.-based robotics company whose product, The Makeline, organizes digital order...
Philips Cuts Guidance as Inflation and Supply Disruptions Hit Earnings
Text size Philips said it expects full-year sales growth of 1% to 3%, down from its previous forecast of 3% to 5%. AFP via Getty Images Shares of Philips fell sharply after the Dutch maker of Sonicare...
Restaurant Stocks Are Finally Coming Back. This One Looks Like a Good Bet.
Text size A recession, if one comes, would be particularly bad news for full-service restaurants. Saul Martinez/Bloomberg Recent market volatility can make anyone’s stomach queasy. Some restaurant sto...
Apple, Visa, Microsoft, Exxon Mobil, Chipotle, and Other Stocks for Investors to Watch This Week
It will be a busy week on both the micro and macro fronts. Second-quarter earnings season ramps up, as more than 150 S&P 500 firms report, including Big Tech. The Federal Reserve’s policy committe...
Apple, Amazon, Meta Highlight Tech-Heavy Earnings Week
Tech giants Apple Amazon.com and Microsoft headline a busy earnings week amid growing investor fears of recession, rising interest rates and surging inflation. A little more than one-third of S&P ...
Opinion: ‘Quality’ companies are getting stronger yet their shares are down in this selloff. This is how to find the bargains.
If you’re a long-term investor, this year’s selloff is good news because it offers a great chance to pick up quality companies at a discount. But wait a second. If a company is “high quality,” why wou...
Miami’s Gold Rush: Finance Firms and Crypto Move In, Bringing Strains
From his new office in Miami Beach, real-estate investor Barry Sternlicht is only steps from the ocean. His waterfront mansion is just a short drive away. Cold winters and state income taxes are a thi...
Amazon and Grubhub Strike Deal to Bring Restaurant Delivery to Prime Members
Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping Amazon’s membership program. Grubhub’s parent, Ne...
Stocks Had a Nasty 6 Months. The Second Half Could Be Ugly Too.
Text size Bond markets are pricing in significant additional interest-rate hikes this year, but some stock analysts’ earnings forecasts remain optimistic. Michael Nagle/Bloomberg It was a first half d...
Opinion: Any one of these 15 money-losing companies could become the stock market’s biggest ‘unicorn’ failure ever
David Rush holds a Guinness world record for cramming 100 candles into his mouth and lighting them. Sandeep Singh Kaila spun a basketball on a toothbrush for a record 1 minute and 8.15 seconds. Nevill...