Starbucks stock rises 10% as U.S. customers buy into pricier drinks
The company's same-store sales rose 8%, fueled by higher average checks and a 3% increase in customer traffic to its cafes.
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Moderna stock falls as sinking Covid vaccine demand drives steep loss
Moderna's total revenue for the third quarter still topped Wall Street's expectations despite plummeting demand for its Covid-19 shot.
Nissan CEO weighs in on how the EV market has changed since Covid
Nissan chief Makoto Uchida said it's important for EV makers to tailor their approach to specific markets.
Elon Musk says SpaceX's Starlink business ‘achieved breakeven cash flow’
SpaceX CEO Elon Musk announced Thursday that the company's Starlink satellite internet business "achieved breakeven cash flow."
Why Jimmy Choo, Michael Kors, Versace, Kate Spade are suddenly one company
Rising rates, sticky inflation and the prospect of slowing consumer spending have sparked a flurry of deals in the fashion industry.
Hunter Biden decries GOP lawmakers, media for 'weaponization of my addiction' amid probes, criminal charges
Hunter Biden, son of President Joe Biden, decried the "weaponization" of his history of drug abuse to attack his father and launch "fruitless" investigations.
Biden's AI order didn't go far enough to address fairness, but it's a good first step, advocates say
After the Biden administration unveiled its new AI executive order on Monday, a frenzy of industry leaders dug in to the implications of the landmark action.
Labor costs show surprise decline in the third quarter
Unit labor costs, a measure of hourly compensation against productivity, fell 0.8% for the July-through-September period.
Uber, Lyft to pay $328 million to settle wage-theft allegations in New York state
In addition to a financial settlement, Uber and Lyft agreed to ongoing changes in how they pay drivers and offer benefits in New York state
Weight-loss drug Wegovy could get expanded FDA approval within six months, Novo Nordisk says
Novo Nordisk said its blockbuster weight-loss drug Wegovy could receive expanded approval from the U.S. Food and Drug Administration within six months.
Delta lays off some corporate workers to cut costs
Delta Air Lines is cutting some corporate jobs in an effort to reduce costs as the industry grapples with higher expenses such as for fuel and labor.
LinkedIn passes 1 billion members and launches new AI chatbot to help you get a job
On Wednesday, LinkedIn said it surpassed 1 billion members and debuted an AI chatbot billed as a "job seeker coach."
Sam Bankman-Fried lawyer says government portrayed FTX founder as a 'monster'
Closing arguments kicked off on Wednesday in Sam Bankman-Fried's criminal fraud trial, with prosecutors walking the jury through four weeks of evidence
Vote to expel GOP Rep. George Santos fails in House
Rep. George Santos, R-N.Y., has pleaded not guilty to a raft of federal fraud and theft charges.
Qualcomm gives strong forecast, signaling chip slump recovery
At the midpoint of Qualcomm's guidance, revenue will grow slightly during the current quarter compared to last year.
In trial testimony, Donald Trump Jr. says he doesn't remember working on financial statements
Former President Donald Trump, Don Jr., Eric Trump and Ivanka Trump are all expected to testify in New York Attorney General Letitia James' fraud trial.
Fed holds rates steady, upgrades assessment of economic growth
The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor market.
Space Force awards $2.5 billion in rocket contracts to SpaceX and ULA for 21 launches
The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance that are worth about $2.5 billion in total.
Slow Pizza Hut sales in the U.S. weigh on Yum Brands' revenue
Yum's same-store sales grew 6% in the quarter, helped by strong sales at Taco Bell's U.S. locations and KFC's international restaurants.
CVS results top expectations, lifted by strong health services revenue
The results come on the last day of a nationwide walkout by pharmacy staff from CVS, Walgreens and Rite Aid to protest what they call harsh working conditions.
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