Investing

Craft coffee competition and questionable customer loyalty are likely to hamper Starbucks sales over the next two years, according to one Wall Street analyst. “We find competitive growth critical to monitor, as we believe this is largely responsible for Starbucks’ deteriorating beverage same-store sales,” wrote Cowen analyst Andrew Charles, who downgraded the coffee company to
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Both benchmarks were on track to post their biggest weekly gain in more than eight months on Friday, shortly after President Donald Trump‘s comments about potential missile strikes and reports of dwindling global oil stocks. Brent crude was trading at $72.26 during lunchtime deals on Friday, up around 0.3 percent, while WTI traded at $67.35,
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Music teacher Chris Pomrink was driving between two lessons outside Philadelphia, when a friend called with some distressing news: “Hey Chris, XIV is in trouble.” Pomrink, 30, checked his trading account. It was February 2 and XIV — an arcane, fiendishly complex financial security that he had sunk $2,500 into earlier that week — had
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More investors are betting against electric-car maker Tesla than any other U.S. stock, new data show. The dollar amount of shares shorted on Tesla increased 28 percent in the last month to $10.7 billion, according to S3 Partners. The percentage of Tesla’s available stock currently sold short exceeds 25 percent, according to FactSet. “Tesla, which
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Disney’s latest new superhero movie franchise is performing better than a top Wall Street firm ever imagined. J.P. Morgan raised its fiscal second-quarter earnings-per-share estimate for Disney shares to $1.68 from $1.57. The increase is “primarily due to the much stronger-than-expected performance of Black Panther,” analyst Alexia Quadrani wrote in a note to clients Wednesday.
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As a result, traders are turning to bond futures, where having more buyers and sellers makes entering and exiting positions easier. The futures market is often used for trading in oil, gold and agriculture products. Using the derivative products allows traders to bet on where prices will go without the hassle of having to buy
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As President Donald Trump piles on tariff threats, China could use other tactics to strike back at U.S. businesses and the economy, like driving down its own currency or barring U.S. service sector companies, according to Goldman Sachs economists. Trump upped the ante in the trade battle between the world’s two largest economies Thursday night
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The head of macro investing at billionaire George Soros’ family office is planning to trade cryptocurrencies, Bloomberg said Friday, citing sources familiar with the matter. Soros Fund Management’s Adam Fisher received internal approval to trade digital assets in the last few months but has not taken action yet, the report said, citing sources. The firm
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Joshua Roberts | Reuters President Donald Trump speaks in support of Republican congressional candidate Rick Sacconne during a Make America Great Again rally in Moon Township, Pennsylvania, March 10, 2018. Investors shouldn’t overreact to every trade retaliation development between the U.S. and China, according to Citi Research. The firm said the tariff announcements aren’t as
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Check out which companies are making headlines before the bell: Amazon.com – Amazon remains on watch following another round of criticism from President Trump, who repeated that Amazon has unfair advantages and that he will study policies that will “level the playing field.” PayPal – Amazon is considering the use of its Alexa personal assistant
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Intercontinental Exchange, the owner of the New York Stock Exchange, announced Thursday it has an agreement to buy the Chicago Stock Exchange. “We are pleased to enter this agreement with the world’s leading exchange operator,” said John Kerin, the CEO and president of the Chicago Stock Exchange, in a press release. “ICE is a proven
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