Wall Street saw back-to-back weekly gains as it headed into an important week, featuring Nvidia earnings and updates on the Federal Reserve’s inflation gauge. The S & P 500 and Nasdaq rebounded after Thursday’s losses, closing the week with nearly a 1.5% increase, driven by optimism following Fed Chairman Jerome Powell’s speech at Jackson Hole.
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Cava, a popular Mediterranean restaurant chain, recently announced its full-year outlook after reporting strong traffic in its restaurants. This positive performance led to better-than-expected quarterly earnings and revenue. As a result, the company’s shares rose by 7% in extended trading. The stock has more than doubled in value this year, reaching a market cap of
Portillo’s, a renowned fast-casual restaurant chain, has been facing scrutiny by activist investor Engaged Capital regarding potential steps to enhance the company’s performance. Despite being an iconic Midwest establishment with a diverse menu, Portillo’s has struggled to maintain its stock value and operational efficiency. The company’s stock chart shows fluctuations, with its stock price hovering
Recent reports have shown that the shareholder returns for top homebuilders, such as D.R. Horton and Lennar, have outpaced the wider S&P 500 index between August 2014 and August 2024. However, analysts have recently downgraded the investment outlook for both companies this summer. This shift in sentiment has raised concerns among investors about the future
Auction sales during Monterey Car Week experienced a 3% decline from the previous year, which can be attributed to a shift from older classic cars to newer models. This change in preference has left a surplus of unsold classics from the 1950s and 1960s, signaling a transformation within the high-end car market. This transition was
The real estate market experienced a 1.3% increase in closed sales of previously owned homes in July compared to June, reaching a seasonally adjusted annual rate of 3.95 million units. Despite this slight improvement, sales were 2.5% lower compared to the same period last year. Sales performed best in the Northeast region, while the Midwest
Lowe’s recently announced a downward adjustment to its full-year forecast due to declining quarterly sales and projected weak home improvement spending in the latter half of the year. The company revised its total sales expectations to a range between $82.7 billion and $83.2 billion, down from the previously expected $84 billion to $85 billion. Similarly,
The decision to exit the position in Estee Lauder, as mentioned in the article, seems to be a prudent move given the company’s disappointing fiscal 2025 guidance. The guidance reflects challenges in the prestige beauty market, particularly in regions like China and North America. The fact that the company’s CEO, Fabrizio Freda, is retiring at
Starbucks, a global coffee giant, has been facing operational challenges that are impacting its sales and customer experience. With the incoming CEO Brian Niccol taking over, the focus on addressing these issues is crucial for the turnaround of the company. From mobile ordering complexities to long wait times, there are several factors contributing to the
In a recent video statement, United Auto Workers President Shawn Fain has made bold accusations against Stellantis CEO Carlos Tavares. Fain claims that Tavares has been price gouging consumers in the pursuit of profits and failing to honor parts of the labor contract between the automaker and the union. These allegations are part of an