(Reuters) -Chipotle Mexican Grill surpassed market estimates for quarterly sales on Wednesday as demand for its rice bowls and burritos held up even as prices increased, lifting its shares about 15% in extended trading. The California-based chain has been able to buck a larger slowdown in customer traffic within the U.S. restaurant industry, partly because […]
Tesla’s bleak margins sour investors as Musk hypes everything but cars
By Deborah Mary Sophia and Reshma Rockie George (Reuters) -Tesla shares sank more than 11% on Wednesday as its shrinking auto-sales margins disappointed investors after top boss Elon Musk hyped the company’s investment plans for AI and self-driving technologies. The electric automaker posted profit margin that fell to a five-year low on Tuesday and its […]
Tesla shares could swing 10% either way after earnings, options show
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the options market expect Tesla shares to swing by nearly 10% in either direction by Friday, options data showed. That is roughly in line with the stock’s average move of about 10.1% after the company’s last eight quarterly earnings reports, according to Trade Alert data. […]
Apple likely to release foldable iPhone as early as 2026, the Information reports
(Reuters) – Apple is likely to introduce its foldable iPhone as early as 2026, the Information reported on Tuesday, that could mark the biggest hardware design revamp for the company’s most popular product. The Cupertino, California-based company’s plan to release a foldable iPhone could mimic a similar move by Samsung Electronics, which pioneered the foldable […]
Exclusive-Harris leads Trump 44% to 42% in US presidential race, Reuters/Ipsos poll finds
By Jason Lange (Reuters) – Vice President Kamala Harris opened up a marginal two-percentage-point lead over Republican Donald Trump after President Joe Biden ended his re-election campaign and passed the torch to her, a Reuters/Ipsos poll found. The poll, conducted on Monday and Tuesday, followed both the Republican National Convention where Trump on Thursday formally […]
Nasdaq, S&P rise as spotlight turns on tech results; UPS plunges
By Ankika Biswas and Lisa Pauline Mattackal (Reuters) – U.S. stocks were flat to higher on Tuesday as investors awaited Alphabet and Tesla earnings later in the day to gauge if the recent market rally has momentum to spare, while United Parcel Service and NXP Semiconductors plummeted after poor results. United Parcel Service, seen as […]
World shares steady as Biden exits White House race
By Amanda Cooper and Chibuike Oguh LONDON/NEW YORK (Reuters) -An index of global shares steadied on Monday as investors weighed President Joe Biden’s decision to end his re-election bid at the weekend, while a surprise rate cut by China’s central bank failed to boost Asian markets. Biden announced on Sunday he would drop out of […]
Exclusive-Former attorney general Holder to vet Harris’ potential running mates, sources say
By Jeff Mason and Jarrett Renshaw (Reuters) -Former Attorney General Eric Holder and his law firm, Covington & Burling LLP, will conduct vetting of potential running mates for Vice President Kamala Harris’ campaign for the presidency, according to two sources familiar with the matter. Harris is running for the Democratic presidential nomination after President Joe […]
Foreign leaders react to Biden ending reelection campaign
(Reuters) -Following are reactions from foreign leaders and officials to U.S. President Joe Biden’s decision to end his campaign to seek reelection in November: UKRAINIAN PRESIDENT VOLODYMYR ZELENSKIY: “Ukraine is grateful to President Biden for his unwavering support for Ukraine’s fight for freedom, which, along with strong bipartisan support in the United States, has […]
Investment funds buy $28.837 billion 10-year note in July – U.S. Treasury
July 22 (Reuters) – Large investment managers bought $28.837 billion at a 10-year note auction held in July, compared with the $26.477 billion they purchased the previous month, data from the U.S. Treasury Department released on Monday showed. Overseas investors, another major group of holders of U.S. government debt, bought $4.424 billion of the latest […]