Chipotle stock tumbles 9% after chain cuts same-store sales forecast
Shares of Chipotle have fallen 13% this year, dragging its market cap down to $71.1 billion. ...
Category: Economy
Tesla reports sales miss as auto revenue drops for second straight quarter
Tesla’s second-quarter earnings call comes as Elon Musk’s automaker tries to revitalize EV sales and turn its robotaxis into moneymakers.…
Alphabet beats earnings expectations, raises spending forecast
The company increased its capital expenditures for 2025 by $10 billion due to "strong and growing demand for our Cloud…
Bessent says Aug. 12 China tariff deadline likely to be extended, talks planned in Stockholm
Treasury Secretary Scott Bessent said the U.S. is likely to hash out an extension of President Donald Trump's upcoming trade…
Credit card startup Imprint beats big banks for Rakuten co-brand deal
There is a new player making waves in an industry dominated by big banks. Imprint is a 5-year-old credit card…
Bessent says Powell doesn’t need to resign but should conduct internal review
There have been no indications from Powell that he plans to step down despite a barrage of criticism from the…
Top economist Mohamed El-Erian breaks ranks with Wall Street and says Powell should resign to preserve Fed independence
El-Erian, president of Queens' College at Cambridge University, said he was aware that his view did not align with the…
Opendoor shares are surging again as hyped real estate stock leads meme rally revival
The ticker $OPEN has been heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021. ...
Astronomer CEO Andy Byron resigns after viral Coldplay ‘kiss cam’ controversy
Byron's resignation comes a day after the company said it had placed the CEO on leave. ...