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Business
October 31, 2024

Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter

  Brian Niccol speaking on CNBC's "Squawk Box" on Oct. 30, 2018. Anjali Sundaram | CNBC Starbucks on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as sales in the U.S. and China, its two biggest markets, disappointed. The company previously released a preliminary report of its quarterly...

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Finance
October 31, 2024

Chinese smartphone company Honor gets new investors as it gears up for IPO

  Chinese smartphone company Honor has released devices that fold up to be nearly as thin as an iPhone. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering. The new...

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Economy
October 30, 2024

Ray Dalio is concerned about America post-election: ‘Both candidates worry me’

  Ray Dalio, Founder & CIO Mentor Bridgewater Associates, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC A post-election America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape strife with what he...

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Business
October 30, 2024

Chipotle misses revenue estimates as same-store sales growth disappoints

  A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024. Angus Mordant | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares of the company fell...

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  • Auto stocks rise as Trump says he wants to ‘help’ some car companies
  • Op-ed: NYSE systems are working normally, handling record volume more efficiently than during Covid crash, president says

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