DoorDash shares rally after earnings beat, helped by expansion beyond restaurants
Online delivery company DoorDash Inc. on Wednesday reported third-quarter results that beat expectations, as its expansion beyond restaurants helped grow orders, but it said it expected “significant levels of ongoing investment” up ahead as it tries to widen its service options. DoorDash DASH shares jumped 8% in after-hours trading. The…
Disney to buy remaining Hulu stake from Comcast
Rafael Henrique | SOPA Images | LightRocket | Getty Images Disney said Wednesday that it had agreed to buy Comcast‘s one-third stake in streaming service Hulu, a long-expected outcome. Disney said it expects to pay Comcast’s NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 billion for the streaming service […]
Fed maintains freeze on interest rates as it fine-tunes fight against inflation
The Federal Reserve on Wednesday kept a key interest rate at a 22-year high and left the door slightly ajar for another hike down the road if inflation doesn’t continue to slow. The decision to hold rates steady in a range of 5.25% to 5.5% was unanimous. The Fed is weighing how much more to […]
Space Force awards SpaceX, ULA with $2.5 billion for 21 launches
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, on Nov. 1, 2022. Steve Nesius | Reuters The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance, worth about $2.5 billion in total, the military branch told CNBC. […]
Ramit Sethi’s formula for riches: A Netflix show, personal trainer and renting
Ramit Sethi’s rich life is having a desk in front of a nice bookcase that displays treasures from travels, and not some fake background he’s stolen off the Internet. This is the version of Sethi most people get to see these days on social media, where the money-advice guru posts clips of his podcast conversations […]
Wayfair (W) earnings report Q3 2023
Wayfair IPO on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Wayfair is inching closer to profitability, but its third-quarter results still fell short of revenue expectations as the home goods market continues to be under pressure. Here’s how the online furniture retailer did during the period compared with what Wall […]
CVS Health (CVS) earnings Q3 2023
A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022. Brendan Smialowski | AFP | Getty Images CVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street’s expectations, lifted in part by strong revenue from the company’s health services business. CVS booked sales of $89.76 billion for the […]
This fund manager is betting on strip malls and these other megatrends.
Welcome to the historically decent stock month of November, which follows the longest monthly losing streak (three months) for the three major indexes. It kicks off with a Fed meeting and perhaps more important, the Treasurys breakdown of debt issuance. Our call of the day switches gears to discuss investing in potentially lucrative megatrends in […]
Winners and losers of 2023 talks with GM, Ford, Stellantis
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM’s Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023. Evelyn Hockstein | Reuters DETROIT — A tentative deal Monday between the United Auto Workers and General […]
Yum China just gave investors a new reason to worry about the Chinese economy
Yum China Holdings Inc. late Tuesday gave investors a fresh reason to worry about China’s economy. Yum China’s shares YUMC fell about 9% in the extended session Tuesday after the owner of Pizza Hut, KFC and other fast-food brands in China missed Wall Street expectations for its third quarter, saying that “softening consumer demand” emerged […]
