Markets kick off trading erasing some of the gains of the last few days, but where are stocks going for the long term? Washington Crossing Advisors' Matthew Battipaglia says economic and earnings fundamentals will drive markets for patient investors.
We also take a look at recent results from Coach parent Tapestry and Michael Kors. Both companies reported better-than-expected results for the holiday quarter, driving shares higher. We take a look at if that means they'll be able to weather the changing retail landscape.
And Blue Apron shares popped after earnings Tuesday morning. The meal-kit delivery company said revenues fell less than expected in the latest quarter and that it upped spending on marketing. But is this enough to keep the company afloat, or will it have to find a buyer?
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
