Brinker International, the parent company of Chili’s, experienced a significant drop of around 12% in its stock value. This downfall came after the company issued a profit forecast for the full year that fell below expectations. The disappointing fiscal fourth-quarter earnings, with adjusted earnings per share below consensus estimates, added to the negative outlook for
Finance
An attorney representing former President Donald Trump has filed a legal notice stating that his client intends to sue the Justice Department and the FBI for $115 million. The claim alleges “malicious political prosecution” and “abuse of process” against his client, without providing substantial evidence to support these claims. This move comes as part of
In the midst of the latest global market volatility, China’s status as a distinct market has been reinforced. While other markets such as U.S. tech stocks and Japanese stocks experienced drastic fluctuations, Chinese stocks managed to maintain a certain level of stability. Data from the end of the Asia trading week showed that the Nasdaq
Taiwan Semiconductor saw a 1% rise in stock before the opening bell due to strong July revenue. The increase of nearly 45% year-over-year is impressive, signaling positive growth for the chipmaker. This demonstrates that the company is performing well in the current market conditions. The Trade Desk experienced a nearly 4% gain in shares after
The drug maker Eli Lilly saw an 8% surge in its stock after reporting second-quarter earnings that exceeded expectations. This surge was attributed to the outstanding performance of its blockbuster diabetes drug Mounjaro and weight loss injection Zepbound. The company also raised its full-year revenue outlook by $3 billion, indicating strong growth potential in the
The European policymakers have been advocating for larger banks across the continent for quite some time now. Italy appears to be on the brink of fulfilling this desire with an impending wave of mergers and acquisitions in its banking sector. Despite facing a sovereign debt crisis and requiring a government bailout to rescue Banca Monte
Disney reported earnings that beat analyst expectations, driven by strong performance in its streaming unit. However, the stock was down about 1% in premarket trading. The company earned $1.39 per share on revenue of $23.16 billion, surpassing the forecasted profit of $1.19 per share on revenue of $23.07 billion. Despite the beat, investors seemed to
Kenvue, the maker of Band-Aid bandages, saw its stock price rally by 14% after exceeding analyst expectations for its second quarter. The company, which recently spun off from Johnson & Johnson, reported adjusted earnings of 32 cents per share, surpassing the 28 cents per share predicted by FactSet. Additionally, Kenvue’s revenue came in at $4
Traveling during the summer can be an exciting time, but it also comes with its fair share of challenges. Flight delays and cancellations are all too common, leaving travelers frustrated and inconvenienced. Unfortunately, when it comes to getting reimbursed for these disruptions, the situation is far from ideal. According to experts, airlines in the U.S.
The cryptocurrency market saw a downturn today, with bitcoin dropping below $50,000 for the first time since February. As a result, companies like Robinhood and MicroStrategy experienced significant declines, with Robinhood plummeting more than 10% and MicroStrategy plunging more than 8%. Additionally, Coinbase and Marathon Digital saw around a 5% drop in their stock prices.