New York (CNN Business)Starbucks has been hiking prices as inflation soars and labor costs rise. And it's planning more this year. The coffee chain raised its US prices in October and again just last month in January, CEO Kevin Johnson noted during an analyst call Tuesday. He added that the company is planning even more…
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Photo Illustration by Pavlo GoncharSOPA Images | LightRocket | Getty ImagesRobinhood is planning to roll out a feature to let its millions of clients trade stocks well outside of normal market hours."We're also close to delivering a feature that our customers have been asking for: an ever larger window of available trading hours. We call…
U.S. health officials say COVID-19 antibody drugs from Regeneron and Eli Lilly should no longer be used because they are unlikely to work against the omicron variant.The Food and Drug Administration said Monday it is revoking emergency authorization for both drugs. If they prove effective against future variants, the FDA says it can reauthorize their…
U.S. stocks opened lower in what may be another volatile session for investors following the massive swings experienced Monday. The Dow Jones Industrial Average fell over 500 points or 1.6%, while the S&P 500 and Nasdaq Composite lost over 2%. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 33704.3 -660.20 -1.92%SP500 S&P 500 4305.5…
Bitcoin extended its tumble on Monday, and has now fallen by half from its record high. The cryptocurrency has declined for six out of the last seven days, retreating 10% on Monday, compared to its level at 5 p.m. on Friday. It fell below $33,000, its lowest level since July, before trading around $34,200, according…
A man wearing a protective face mask, following an outbreak of the coronavirus, talks on his mobile phone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan, February 26, 2020. REUTERS/Athit Perawongmetha/File PhotoEuropean shares ease as caution rulesCrude oil prices slipU.S. Treasury yields stallChina stocks gain after cut in…
Detroit’s two biggest auto makers— Ford Motor Co. and General Motors Co. —are looking to get into the semiconductor business, after a year of computer-chip shortages that snarled their global factory output. Ford on Thursday morning outlined a strategic agreement with U.S.-based semiconductor manufacturer GlobalFoundries Inc. to develop chips, a pact that could eventually lead…
A booming market for deals and brisk demand for financial advice lifted Morgan Stanley ’s fourth-quarter earnings and helped the Wall Street firm set a full-year profit record. The bank posted a profit of $3.7 billion, up 9%, or $2.01 a share. Analysts expected $1.94 a share, according to FactSet. Revenue rose 7% to $14.5…
A staff worker arranges vegetables at a supermarket at Congtai District on November 10, 2021 in Handan, Hebei Province of China.Li Hao | Visual China Group | Getty ImagesBEIJING — China's retail sales rose more than expected in October, even as fixed asset investment remained sluggish, according to data released Monday by the National Bureau…
Register now for FREE unlimited access to Reuters.comJan 18 (Reuters) - Shares in Goldman Sachs Group (GS.N) fell as much as 8% Tuesday after Wall Street's premier investment bank missed quarterly profit expectations, hampered by weaker trading revenues and rising expenses.The share decline put Goldman on course for its worst single-day showing since June 2020,…