Photo: Bloomberg (Getty Images) The Nasdaq and other major indices declined following the Federal Reserve’s first meeting of the year, with the tech-heavy index falling 1.1% by the afternoon as investors digested the central bank’s cautious stance on interest rates. The Federal Open Market Committee kept the overnight borrowing rate unchanged in the 4.25% to…
Here are the most important news items that investors need to start their trading day: 1. Turkey trade U.S. stocks enter a shortened trading week on a winning run. The Dow Jones Industrial Average climbed about 2% last week and notched a record close Friday. The S&P 500 and Nasdaq Composite both rose about 1.7%….
(Reuters) -Chipotle Mexican Grill on Monday named interim boss Scott Boatwright as permanent CEO of the burrito chain, months after Brian Niccol exited the role to take the top job at Starbucks. In a surprise announcement in August, Starbucks named Niccol as its new CEO, leaving the burrito chain under Boatwright, who has vowed to…
New Starbucks CEO Brian Niccol’s decision to preannounce disappointing earnings is no reason to sell the stock, Jim Cramer said Wednesday. “I find it surprising that anyone thinks [these results are] surprising,” Jim said. “If you sell the stock today, you’re only selling it because you’re reacting to the press reports and the analysts, who are backward…
Starbucks (SBUX) posted preliminary Q4 results that shocked the Street on Tuesday afternoon. The company reported quarterly revenue that fell 3% year over year to $9.1 billion, while earnings per share fell 24% to $0.80. Starbucks also suspended its full-year fiscal 2025 guidance, citing its transition to new CEO Brian Niccol and to allow time…