Check out the companies making headlines in midday trading. McDonald's — McDonald's shares jumped more than 4% even after the fast-food giant posted quarterly earnings and revenue that fell short of Wall Street's estimates. The company also reported a decline in same-store sales. Revvity — The life sciences company...
A McDonald's Big Mac meal.Lauren Decicca | Getty ImagesMcDonald's executives acknowledged Monday that diners consider the company's prices too high as lower-income consumers balk after years of high inflation.During the company's second-quarter earnings call Monday, executives said that they are taking a "forensic approach" to evaluating prices and trying...
Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty ImagesU.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to...
Thomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are increasingly offering lucrative shares of equity and...
New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership's lot on October 03, 2023 in Miami, Florida.Joe Raedle | Getty Images News | Getty ImagesDETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S....
Check out the companies making headlines in premarket trading. McDonald's — Shares were down slightly in the premarket after the fast food giant reported second-quarter results that missed analyst expectations . McDonald's also said its same-store sales — a key metric for restaurants — declined broadly. Revvity — Shares...
The Philips office building in Warsaw, Poland, on July 29, 2021.Nurphoto | Nurphoto | Getty ImagesShares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings.Shares pared gains slightly to trade up 10.4% by 8:50 a.m. London time.Comparable group...
In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty ImagesHeineken shares opened nearly 7% lower on Monday, after the brewing giant's first-half profit growth came in weaker than analysts had expected.The company's stock was trading down 6.9%...
A McDonald's restaurant is viewed on July 22, 2024 in Burbank, California.Mario Tama | Getty ImagesMcDonald's is expected to report second-quarter earnings before the bell on Monday.Here's what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per share: $3.07 expectedRevenue: $6.61 billion expectedThe burger chain's...
When I was a cub reporter in Los Angeles, covering crime for the now-deceased Los Angeles Herald Examiner, we used to joke that we should never let the facts get in the way of a good story. It was a horrendous paper — don't ask me what I was...