Company reports steepest quarterly sales drop in four years New CEO Niccol says coffee chain needs to change its strategy Starbucks Corp. shares declined after sales plunged for the third consecutive quarter and the company pulled its guidance for 2025, calling...

Applications for home purchases and refinancing fell last week Mortgage rates have risen in past month, currently at 6.52% US mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge...

Two-year yields have jumped 34 basis points since Fed meeting Resilient economy limits room for rate cuts as election looms The last time US government bonds sold off this much as the Federal Reserve started cutting interest rates, Alan Greenspan was orchestrating a...

ADRs fall in New York, dragging rival Estee Lauder lower Unit that includes CeraVe disappointed on lack of launches L’Oreal SA posted disappointing sales last quarter as the beauty company suffers from worsening consumer demand in China. Like-for-like sales in North...

Much of those offshore holdings are uninsured, SEC chair says Artificial intelligence may also pose stability risk, he says Wall Street’s top cop is sounding an alarm about the eurodollar market’s potential to foment instability in global economies, and he renewed...

Firms differ over the long-term outlook for US equity returns Corporations are ‘very good at growing margins:’ JPM’s Kelly Strategists at two of Wall Street’s biggest banks have reached diverging conclusions about where the US stock market is heading in the years...