Articles

Starbucks downgraded as analyst cites execution challenges ahead

Starbucks Corp. was downgraded by Jefferies Tuesday, as the analyst firm highlighted a number of hurdles in the path of new CEO Brian Niccol.

Nio’s stock gets a big boost from China’s broad economic stimulus measures

Nio’s stock was surging Tuesday, as investors in the China-based electric vehicle maker cheered the stimulus measures China’s central back implemented to try to jump start the sagging economy.

The stock market has become less efficient — the culprit might surprise you

Increasing inefficiency doesn’t mean that it’s easier to beat the market, says Cliff Asness.

Here’s just how much Apple’s business is dependent on the iPhone

Apple gets about half of its revenue directly from iPhone sales. But the product is indirectly responsible for far more than that, according to one analyst.

Home-price growth loses more steam in July, Case Shiller says, but still inches up to new record high

Case-Shiller 20-city home price index rose 5.9% year-on-year in July.

Novo Nordisk CEO set to defend Ozempic, Wegovy prices on Capitol Hill 

The CEO of Novo Nordisk is set to face pointed questions on Capitol Hill Tuesday about the prices of the Danish pharmaceutical giant’s blockbuster drugs Ozempic and Wegovy.

Fed’s Bowman says inflation remains a concern despite recent progress

“While it has not been my baseline outlook, I cannot rule out the risks that progress on inflation could continue to stall,” Fed Gov. Michelle Bowman said.

TikTok Music to close down after clash with world’s top record label

TikTok Music failed to renegotiate its contract with Universal Music Group following a prolonged clash between the two companies

Levi’s CEO says goal of $9 billion to $10 billion in annual revenue by 2027 will be pushed back

Levi Strauss & Co.’s goal of generating $9 billion to $10 billion in annual revenue by 2027 will be pushed back as the denim-clothing company is still seeing pressure on its customer after a long inflationary period, new Chief Executive Michelle Gass told the Financial Times.

This Social Security-style pension plan did everything right but still missed its benchmark

Even this top-performing pension plan has found it hard to beat low-fee passive investments.

Walmart’s stock rises toward a record as another analyst turns bullish

Walmart’s stock was headed back into record territory on Tuesday, as Truist turned bullish on the discount retailer amid accelerating market-share gains.

KKR’s Pete Stavros launches group promoting stock ownership for employees

Pete Stavros, a high-ranking executive at private-equity firm KKR & Co. Inc. known for rewarding staff with stock, on Tuesday launched an organization aimed at promoting employee stock ownership programs, or ESOPs.
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