Text size The Venetian Macao resort and casino, owned by Las Vegas Sands. Billy H.C. Kwok/Bloomberg China’s decision to ease its entry requirements for international travelers is a step toward a fulle...
Tag: Lodgings/Restaurants/Bars
Grubhub CEO Says Sale Isn’t Imminent, as Owner Seeks a Partner
CHICAGO—Grubhub Chief Executive Adam DeWitt said company parent Just Eat Takeaway.com NV hopes to find a strategic partner to invest in the U.S. online ordering company, though an outright sale isn’t ...
Bosses Swear by the 90-Day Rule to Keep Workers Long Term
In the quest to retain workers, companies are sharpening their focus on a very specific common goal: 90 days. Hold on to an employee for three months, executives and human-resources specialists say, a...
Buy Starbucks Stock. Shares Could Be Ready to Run.
China’s economic slowdown is among the factors pressuring Starbucks shares. Above, dispensing coffee to customers on the go in Hangzhou. Long Wei/VCG/Getty Images Text size A sequel is seldom as good ...
Stock Market Closed for Juneteenth, June Economic Data, and More to Watch This Week
Text size Uncredited U.S. stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders meetings, and economic-data rele...
These 16 stocks in the S&P 500 crumpled at least 9% a day after the Fed raised rates
One day after U.S. stocks got a reprieve as the Federal Reserve lifted its target range for short-term interest rates by 0.75 percentage point, inflation fears built a new wall of worry to send U.S. s...
McDonald’s in Russia Reopens Under New Ownership
MOSCOW—More than a dozen former McDonald’s restaurants reopened here under a new brand and new ownership, accompanied by a marketing blitz aimed at convincing Russians that the new chain’s burgers are...
These 19 large-cap stocks have now dropped at least 60% from their 52-week highs
The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% f...
Howard Schultz Says Starbucks Is Seeking Fresh Blood in CEO Search
SEATTLE—Starbucks is considering only external candidates for its next chief executive officer, as interim CEO Howard Schultz said the company needs to add new talent and skills to its senior leadersh...
Carl Icahn Dropping Proxy Fight Over Pig Treatment at Kroger
Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at grocery-chain Kroger Co. after concluding he is likely to lose as he did a similar fight at McDonald’s Corp. last mont...
AMD, Pfizer, NIO, DocuSign, Campbell Soup, and Other Stocks for Investors to Watch This Week
It’s a relatively quiet week on the earnings calendar. Highlights will include J.M. Smucker on Tuesday, Campbell Soup on Wednesday, and DocuSign, NIO, and Vail Resorts on Thursday. Pfizer also hosts a...
Summer Vacationers Want to Kick It Old School
The new and the high tech are suddenly out of fashion, with the Nasdaq down around 23% this year. That sentiment change seems to have bled into the online travel sector, where the uncool is making a c...
If you thought Walmart and Target had disappointing results, these retailers did so much worse
Retail stocks fell hard this week as bellwether companies disappointed investors with sagging profits. And now, a review of retailers sheds light on companies that put up worse numbers than those repo...
Doximity stock plummets after forecast, heads lower than IPO price for first time
Doximity Inc. shares plunged toward all-time lows in after-hours trading Tuesday, following an earnings report that projected an unexpected revenue decline in the current quarter. Doximity DOCS, +2.36...
15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors
During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really me...
Starbucks’ CEO Howard Schultz Bought $10 Million of Stock
Text size Howard Schultz has halted Starbucks’ buybacks of its stock. Getty Images Howard Schultz, now on his third stint as Starbucks ‘ top executive, just bought millions of dollars of the cof...
Dutch Bros. stock spills 37% lower after forecast cut due to inflation
After its third quarterly earnings report since going public, coffee chain Dutch Bros. Inc.’s shares were slaughtered in late trading Wednesday after executives revised their annual outlook to predict...
Opinion: Which jobs have come back, and which ones haven’t
Although the recovery in output, wealth and hours worked has been remarkable since February 2020, the U.S. economy remains deeply scarred by the COVID-19 pandemic. Total hours worked in the nonfarm ec...
The office ‘is over,’ Airbnb CEO Brian Chesky says, and flexibility is the future
““I think that the office as we know it, is over.”” That’s Airbnb Chief Executive Brian Chesky, in an interview with Time magazine’s The Leadership Brief published Sunday. “It’s kind of like an anachr...
PepsiCo Raises Its Dividend, and Marriott and Hilton’s Payouts Make a Comeback
Text size PepsiCo stock yields 2.7%. Joe Raedle/Getty Images Baxter International , Devon Energy , and PepsiCo were among the large U.S. companies that announced dividend increases this week. In addit...
Starbucks plans to invest roughly $200 million to tackle increased demand for customized cold beverage orders
According to Starbucks Corp.’s interim Chief Executive Howard Schultz, the coffee giant’s problem isn’t demand, but the challenges of meeting it. The company SBUX, -1.26% has allotted more than $200 m...
These 10 stocks in the S&P 500 soared at least 8% after the Fed made its big move — but only 3 have gains for 2022
Wednesday turned into a big day for stocks — the S&P 500 index had its largest one-day percentage gain in nearly two years — after the Federal Reserve raised the federal funds rate by half a perce...
Grubhub Owner Jet Could See Broader Engine Failure
Grubhub owner Just Eat Takeaway.com’s TKWY 3.87% share price fell nearly 70% over the past year. Trimming the fat might not help in the long run. The European food-delivery giant said in April it woul...
Beyond Meat Stock Jumps on Hopes McDonald’s Partnership Will Be Permanent
Text size A McDonald’s McPlant Beyond Meat burger. Justin Sullivan/Getty Images Beyond Meat stock jumped on Wednesday, following reports that its McPlant partnership with restaurant behemoth McD...
These 21 large-cap stocks have now crashed at least 50%
Stocks soured on April 26, with major declines for broad indexes that underlined what a difficult year it has been, so far, for technology stocks. Below is a list of 21 large-cap stocks that have drop...
Apple, Microsoft, Visa, Boeing, GM, Chipotle, and Other Stocks to Watch This Week
It’s the busiest week of first-quarter earnings season. A whopping 165 S&P 500 companies are scheduled to report their results for the first three months of 2022. Big Tech giants will be among the...
Apple, Microsoft, Visa, Boeing, GM, Chipotle, and Other Stocks for Investors to Watch This Week
It’s the busiest week of first-quarter earnings season. A whopping 165 S&P 500 companies are scheduled to report their results for the first three months of 2022. Big Tech giants will be among the...
Netflix is the S&P 500’s worst performer this week — here are the next 14
Investors remained sour for a second consecutive session on Friday as they continued to digest comments from Federal Reserve Chairman Jerome Powell about the prospect for rapidly rising interest rates...
These 20 highly rated stocks are expected to rise at least 70% over the next year
A sliding stock market means many companies are on sale, which spells opportunity for investors with investment horizons of several years. A list of the most favored names among analysts, along with c...
Twitter Is the S&P 500’s Top Performer in April. Nvidia Is the Worst.
Text size Target store shopping carts in Miami. Joe Raedle/Getty Images It’s been a volatile month for stocks as investors have navigated a complex macroeconomic minefield — from rising interest rates...
Inflation is raging, but these 16 companies have pricing power
Decades of deflationary forces that helped feed booming prices for U.S. stocks are over, at least for now. But some companies are countering the trend, by a combination of holding down expenses and ra...
Wall Street’s favorite stock sector has potential upside of 43% as we enter the second half of 2022
At the midpoint of 2022, investors are looking at a remarkable change in stock valuations. The S&P 500 SPX has declined 20%, but the benchmark index’s forward price-to-earnings valuation has falle...