Author: starbpo

Brian Niccol, the new CEO of Starbucks, recently said that the company will be making a lot of big changes to try to boost sales and get people to come back to its shops. Customers will no longer have to pay extra for drinks with nondairy milks like soy, oat, or almond milk. The cafe will also have a condiment bar again and give clay mugs to people who stay longer. In its most recent quarterly earnings report, Starbucks SBUX 1.49% said that sales in the U.S. were lower because fewer people were going to its shops. Clark Wolf, a…

KYIV, Ukraine — A huge drone strike shook Moscow and its suburbs all night and into Sunday. Several people were hurt, and some of Russia’s biggest airports had to temporarily stop traffic, according to officials. At the same time, a huge wave of Russian drones attacked Ukraine at night. In the evening of Saturday, Russian President Vladimir Putin signed a deal with North Korea that requires both countries to help each other with military action right away and in any way possible if one of them is attacked. The deal makes the connection between Moscow and Pyongyang stronger than it…

Stock buyers were able to handle a sharp rise in Treasury yields in the middle of the week after the election, which helped stocks reach all-time highs on Friday. Now, the question is whether they can handle market-based rates going up even more in the months and years to come after Donald Trump runs for president. One of the most important things for the financial markets after Trump’s win on Tuesday and the expected Republican trifecta—his party taking back control of the Senate and almost certainly also the House of Representatives—is that Treasury yields will need to keep going up.…

When it comes to the S&P 500, most companies have already forgotten about their third-quarter reports after two crazy weeks of them. As Wall Street turns its attention to the last three months of the year, however, more companies are feeling down, even though experts are still optimistic about business growth. A study released by FactSet on Friday found that out of the 77 companies that have given profit forecasts so far this earnings season, 53 (69% of the total) have given more pessimistic predictions. That rate of growth is higher than the average rate over the last five and…

Upstart Holdings Inc. has had a rough few years, but now things look like they are getting better, and Wall Street has taken notice. The AI lending company was a market hit in late 2021, with its stock closing as high as $390. This was because Upstart UPST46.02% saw a huge demand for its personal loan goods. But in the years that followed, higher interest rates and problems getting money hurt the number of loans, and shares fell from their highs. Their stock is still a long way from those highs. The stock’s price near $77 shows how far away…

Even though Elon Musk is now close with Donald Trump, is that enough to get regular people to invest in Tesla Inc. again? It wasn’t too long ago that the stock of the electric car company, TSLA 8.19%, was almost always bought by regular people. People rushed to buy Tesla shares in 2020, and by the end of that year, they were over 740% higher. Over the next few years, Tesla continued to get backing from individual investors. The company was in a race with Apple Inc. AAPL -0.12% to be the most popular stock among individual buyers. In 2022,…

There may be a surprise check on Trump’s power in his second term, even though he’s expected to gain power in Congress thanks to the “red wave.” Wall Street investors are getting ready for a fight over policies and plans that Trump ran on but that could make the U.S. debt load much higher and make it harder for the U.S. to get good deals on loans in other countries. When asked if the bond market was ready to help Trump carry out his plans, Bill Zox, a portfolio manager at Brandywine Global, which is in charge of about $63…

Investors changed what they thought about the economy, interest rates, and foreign relations after Donald Trump’s historic election win. It was a very big week on Wall Street. But investors should be careful not to get caught up in market stories that are based on feeling and might not last. Of course, the election results didn’t just surprise voters, who were mostly hoping for a tie. Also, investors seemed caught off guard, even though so-called “Trump trades,” which are bets on assets that will do well if the Republican nominee wins, have been growing since October. Market slang for taking…

Citi Research changed its rating on Bank of America Corp. from “neutral” to “buy” on Friday. Analyst Keith Horowitz said he thought there would be less of a difference in the prices of bank stocks after the election. The main point of Horowitz’s raise is how the company thinks Bank of America (BAC) will get to normalized returns on equity and assets of 15% and 1.2%, respectively. For JPMorgan Chase JPM 0.45% Horowitz thinks that the normalized return on tangible common equity (ROE) will be 17% and the normalized return on assets (ROA) will be 1.2%. In Friday morning trade,…

Friday, oil futures went down. Part of the reason for this was unhappiness with China’s most recent round of stimulus measures. The price changes Market forces “Concerns that China is not doing enough to inspire oil demand,” said Phil Flynn, senior market expert at the Price Futures Group. This caused oil prices to fall on Friday. China approved a $1.4-trillion plan to help local governments on Friday. Xinhua News reported from a news conference that it will add 6 trillion yuan, or $840 billion, to the maximum amount of debt that local governments can have. Over the next five years,…