Shake Shack’s stock rallies 19% as profit jumps
The popular burger chain beats Wall Street’s revenue target.
The popular burger chain beats Wall Street’s revenue target.
The more the U.S. spends on construction, the higher the level of economic activity.
While Meta is a strong play on consumer AI, other large technology companies are better positioned in generative AI so far.
The footwear maker has seen a 44% gain this year in its share price.
Shares of Kellanova rose 4.6% premarket after the food giant reported better-than-expected second-quarter results and raised its 2024 outlook.
Revenue drops below expectations and full-year outlook was cut
Hershey also lowered its 2024 guidance, and expects a decline in sales this year.
Gannett Co. Inc.’s stock rose 2.9% early Thursday, after the USA Today publisher beat second-quarter profit estimates by a wide margin, offsetting a revenue miss.
“She was paying over $1,000 a month to rent an apartment.”
Biogen also beat Wall Street’s Q2 adjusted profit estimate, although its net income dropped.
ConocoPhillips’ stock rallied Thursday after the oil giant reported second-quarter profit that beat expectations and said it reached record production.
The number of Americans who applied for unemployment benefits last week jumped to a nearly one-year high of 249,000, but the part of the increase was tied to annual auto-plant shutdowns and the details of the report were less alarming.
Unit labor costs moderate
The second-quarter sales decline was mostly due to lower demand for the company’s COVID-19 vaccine.
Eli Lilly plans to submit the results to the FDA and other regulators later this year.
Stocks valued on potential profits from AI are trading on thin ice.
The stock market on average has performed well in August during presidential election years.
Oil futures rose Thursday, building on the sharp rebound seen the previous session after the assassination of a Hamas leader in Tehran sparked fears of a wider Middle East conflict.
Spirit Airlines’ stock slipped Thursday, after the discount air carrier reported a wider-than-expected second-quarter loss, while also detailing some cost cutting measures including pilot furloughs and capacity cuts.
Plan ahead to safeguard your family’s assets.