Digital menu boards at a Starbucks promote “Good Afternoon” drinks, highlighting the company’s effort to boost afternoon traffic as part of its turnaround strategy. Courtesy: Starbucks Afternoon traffic is becoming a bigger growth engine for Starbucks, the company said Thursday, as it pushes deeper into a key part of CEO Brian Niccol’s turnaround strategy. The…
Costco continues to post strong sales gains, but one metric has been losing momentum and drawing closer scrutiny from investors. Heading into Thursday evening’s fiscal third-quarter results, shareholders, including the Club, hope to see signs of improvement in the pace of new member additions and renewals, following declines since late 2025. The big box retailer’s…
Software stocks popped on Thursday after Snowflake said it plans to spend $6 billion on compute from Amazon and topped earnings estimates on artificial intelligence momentum. Shares of the software maker surged 35% and headed for its best day ever. The company is expanding its use of Amazon’s in-house chips for AI. Along with the…
Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed. The personal consumption expenditures price index increased a seasonally adjusted 0.4% for the month, putting the 12-month inflation rate at 3.8%, the Commerce Department reported. Economists surveyed by…
In a country where big trucks are a big deal, those pickups and SUVs represent a big percentage of auto loans that come with a sizable monthly payment, more than $1,000 a month, according to new data. Experian Automotive’s analysis of more than 5 million open auto loans and leases in the first quarter shows…
A person walks outside a Best Buy store on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Thursday reported first fiscal-quarter results that beat expectations on the top and bottom lines as the electronics retailer tries to break out of a sales slump. The company said revenue climbed slightly,…
Sen. Elizabeth Warren, a Democrat from Massachusetts and ranking member of Senate Banking, Housing, and Urban Affairs Committee, during a hearing in Washington, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images The State Department did not task the U.S. Transportation Command, or TRANSCOM, with evacuating Americans who aren’t affiliated with the federal government…
French startup Mistral AI is exploring designing its own chips and may eventually develop them, CEO Arthur Mensch told CNBC. It is the first comment made by Mensch about Mistral’s semiconductor ambitions, underscoring how the company is looking to control more of its infrastructure as it competes with U.S. heavyweights OpenAI and Anthropic. “Of course,…
Albert Manifold, chief executive officer of CRH Plc, speaks during a Bloomberg Television interview in London, U.K., on Tuesday, Aug. 19, 2014. Bloomberg | Bloomberg | Getty Images Ousted BP Chairman Albert Manifold has rejected “lies” relating to his conduct, saying he “pushed hard and challenged people directly” during his brief tenure at the British…
Ferrari’s first fully electric car, called Luce, in a handout image obtained by Reuters May 25, 2026, after the luxury sports car maker unveiled the model. Ferrari | Via Reuters Ferrari‘s stock plummeted after it unveiled its first fully electric vehicle, which was criticized by the luxury carmaker’s former boss and even Italy’s transport minister….
