The US stock market tumbled on Friday after a disappointing jobs report showed more cooling in the labor market, fueling concerns that the Federal Reserve's "higher...
Japan's Central Bank Takes a Step Towards Normalization
The Bank of Japan (BOJ) has raised its benchmark interest rate to around 0.25% from its previous...
The Sensitive Topic of Stock Market Performance
The stock market has long been a sensitive topic for former President Donald Trump, who often touts his administration's...
Starbucks' quarterly revenue fell 1% in the April-June period, driven by weak customer traffic in the US and China. Same-store sales plummeted 14% in China, where the company faces intense competition from lower-priced rivals. In the US, same-store sales declined 2%, despite a 7% increase in loyalty members during the quarter. The company's new Summer-Berry Refresher, featuring boba-like raspberry pearls, saw the highest first-week sales for a new product in its history, but supply chain issues hindered its success. As consumers become increasingly cautious with their spending, Starbucks is exploring strategic partnerships and joint ventures to accelerate growth and mitigate market volatility.
The busiest week of this earnings season is upon us, and tech giants like Microsoft, Apple, Amazon, and Meta Platforms will release their quarterly reports. Notably, it...
Nvidia's stock took a nosedive on Tuesday, plummeting 8% to $103, outpacing the Nasdaq Composite index's 2% decline. This marks a 27% drop from its June...
