Yum China Holdings Inc
These U.S. stocks do the best during periods when China stimulates its economy, according to Trivariate Research
Trivariate Research is laying out some U.S. companies that could win big in China’s latest stimulus deal. Last week, China’s central bank released a raft of support measures to help stimulate economic growth and boost a struggling real estate market in the second-largest economy in the world. The measures included cutting the amount of cash […]
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Brian Niccol’s fix for Starbucks’ China cafes could set the tone for where shares head next
After the surprise leadership change at Starbucks this week, Wall Street has focused on what’s next for its struggling China business amid a rough patch for the stock. Starbucks announced earlier this week that Chipotle CEO Brian Niccol would helm the coffee chain, replacing Laxman Narasimhan. Afterward, investors sent the shares soaring and the Street […]
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Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era
Brian Niccol, CEO of Chipotle Anjali Sundaram | CNBC Wall Street believes Brian Niccol is the right choice to turn around Starbucks — and move the chain past the decadeslong Howard Schultz era. Starbucks tapped Niccol as its latest chief executive and chair on Tuesday. Niccol replaces Laxman Narasimhan, who took over the top job […]
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Stocks making the biggest moves midday: Kenvue, Caterpillar, Uber, CrowdStrike and more
Check out the companies making the biggest moves midday: Kenvue — The maker of Band-Aid bandages rallied 14% after beating analysts’ estimates for its second quarter. Kenvue, which spun off from Johnson & Johnson last year, posted adjusted earnings of 32 cents per share, versus the 28 cents expected from analysts polled by FactSet. Revenue […]
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Stocks making the biggest moves premarket: Palantir, Caterpillar, Yum China, CrowdStrike and more
Check out the companies making headlines before the bell: Palantir Technologies — The data analytics company rallied 11% after raising its full-year revenue forecast. Palantir now sees revenue between $2.74 billion and $2.75 billion. That’s up from a range of $2.68 billion to $2.69 billion. Yum China — Shares surged 8% after the Shanghai-based operator […]
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Yum China CEO says consumers are growing more 'rational' as rising costs cut dining budgets
A KFC restaurant in Wuhan, China. Source: Yum China While economists and investors fret over China’s low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors’ concern about the broader Chinese economy, shares of Yum […]
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As the Yr of the Dragon starts, the pros identify sectors — and shares — to perform the Chinese market place
A slump in foreign direct investments, deflation and a shake-up in the stock marketplace has put stress on the Chinese economic climate, leading to many buyers to switch careful on the Asian powerhouse as it marks the start of the Calendar year of the Dragon. Chinese stocks experienced an eventful 7 days very last week […]
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Starbucks beats on the top and bottom line as customers buy up pricier drinks
A Starbucks logo at a location in New York, Aug. 17, 2023. Gabby Jones | Bloomberg | Getty Images Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ expectations. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: […]
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Inventory futures slide a bit as Fed decision looms: Live updates
A trader will work on the floor of the New York Stock Exchange. NYSE Stock futures had been marginally lessen Tuesday evening as Wall Street geared up for the Federal Reserve’s newest policy conclusion on curiosity rates right after closing out a awful month. Futures tied to the Dow Jones Industrial Regular were 50 details […]
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