Investors await Stellantis results to assess progress on cost cuts and cash flow targets after Q2 shipments rose 10% year-over-year. Stellantis (STLA) will release first-half earnings on Thursday, with revenue expected to reach 80.71 billion euros ($91.82 billion), a near
Wall Street expects SBUX to report $0.56 adjusted EPS and $9.2 billion revenue, driven by 5.7% global same-store sales growth. Starbucks is set to report third-quarter earnings with adjusted earnings per share of $0.56, up from $0.50 a year ago. Revenue is expected to reac
Banc of California reports a $241.3M net loss for Q2 due to balance sheet repositioning, dragging shares down nearly 10% in midday trade. Banc of California (BANC) reported a Q2 net loss of $241.3M, or $1.61 per share, following a balance sheet repositioning aimed at reall
UK regulator penalizes EY and an audit partner for breaches in Made.com’s 2021 financial audit, including going concern and deferred tax asset issues. The UK’s Financial Reporting Council has fined EY nearly £1.2m and audit partner Julie Carlyle £49,000 for audit failures
PARIS — Kering shares soared on Wednesday after the French luxury group's second-quarter results indicated its turnaround plan is gaining traction. The better-than-expected performance of its star brand Gucci cheered investors, prompting a flurry of upgrades from analysts<
BNSF CEO states the proposed Union Pacific-Norfolk Southern merger fails to address antitrust concerns and will increase costs for shippers. BNSF Railway President Katie Farmer criticized the Union Pacific (UNP) and Norfolk Southern (NSC) merger filing, stating it will rai
Hedge fund manager Michael Burry holds short positions in Nvidia, Palantir, and Tesla, citing concerns over AI infrastructure spending. Hedge fund manager Michael Burry has taken short positions in Nvidia (NVDA), Palantir (PLTR), and Tesla (TSLA), reflecting skepticism abo
The Philadelphia Semiconductor Index has plunged to its lowest level in over two decades, signaling potential risks for wider markets. The Philadelphia Semiconductor Index has recorded its steepest monthly decline since December 2002, raising concerns about a seasonal down
Investors await Apple’s fiscal third-quarter results for signs of iPhone stability and AI initiatives amid leadership transition. Apple (AAPL) reports third-quarter earnings on Thursday, with markets scrutinizing iPhone demand trends and services growth. The results mark t
Investors sell SPCX stock as Q2 earnings loom, erasing prior gains amid broader tech sector weakness and upcoming share unlock. SpaceX (SPCX) shares fell nearly 3% on Wednesday, reversing Tuesday’s rebound as investors brace for the company’s first earnings report on Augus
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