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After the chain's quarterly earnings missed Wall Street's estimates, its shares fell more than 12 percent in after-hours trading.
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Starbucks revises 2024 guidance, after badly missing its Q2 earnings estimates Yahoo FinanceStarbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag CNBCStarbucks stock sinks as ‘cautious' consumers, more headwinds hit profit, revenue MarketWatchStarbucks Earnings: Sales Fall Short as Challenges Mount - WSJ The Wall Street JournalSame-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8% The New York Times
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Investors better hope that Nvidia Corp. exceeds Wall Street's current expectations, after Tuesday's disappointments by two other favored AI-related companies, Advanced Micro Devices and Super Micro Computer.
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Amazon stock pops after earnings beat Yahoo FinanceAmazon profit more than triples, topping Wall Street expectations CNBCAmazon Sales Surge as Company Trains Focus on Artificial Intelligence The Wall Street JournalAmazon Q1 Ad Revenue Leaps 24% to $11.8 Billion, Lifted by Prime Video's Addition of Commercials VarietyAmazon Reports Strong Cloud Unit Sales on Rising AI Demand Bloomberg
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Wages, employment, inflation are up, causing headaches for the Fed NPRHere's everything to expect when the Fed wraps up its meeting Wednesday CNBCFed to Signal It Has Stomach to Keep Rates High for Longer The Wall Street JournalFederal Reserve interest rate decision for May 2024: What to expect NBC NewsFed rates likely to stay higher for longer USA TODAY
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