Tag: Breaking News: Business
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Jeep maker Stellantis swings to profit on rising demand in North America; shares fall 5%
Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.
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The Strait of Hormuz is just one trade chokepoint facing a new era of maritime warfare
Attacks near the Strait of Hormuz, Red Sea and Black Sea are pushing shipowners to reroute cargo and rethink global trade risks.
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Jeffrey Gundlach says the bond market is telling Warsh the Fed has to start acting on inflation
Gundlach said the divergent moves across the Treasury curve showed investors’ skepticism that the Fed will ultimately follow through.
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Carvana stock falls 15% as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana said Wednesday it expects earnings of between $2.7 billion and $3 billion this year after reporting record quarterly results for the second quarter.
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Chipotle hikes same-store sales forecast as diners return for burrito bowls
Chipotle Mexican Grill stock has fallen more than 7% this year, dragging its market value down to roughly $44 billion.
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Starbucks stock jumps as coffee giant raises full-year outlook
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
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Short sellers are wasting no time pouncing on SK Hynix U.S. shares after their debut this month
The rapid buildup in short interest underscores how traders are wasting little time betting against one of AI’s biggest hardware beneficiaries.
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Humana tops quarterly estimates, maintains profit outlook as medical costs stay in line
Humana maintained its 2026 adjusted profit outlook of at least $9 per share, which some analysts called a “disappointment” amid high expectations for insurers.
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YES Network, MSG Networks to exit Gotham app for DAZN streaming service
The regional sports networks that air games for local New York and New Jersey teams, including MLB’s Yankees and NHL’s Rangers, will have a new streaming home.
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Procter & Gamble revenue misses estimates as volume stays unchanged
Procter & Gamble reported quarterly earnings per share that topped Wall Street’s estimates, but its revenue fell short of expectations.
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