Starbucks reported second-quarter results that beat expectations, helped by a surprise same-store sales gain in China and continued solid demand in the U.S.
Earnings Results: Ford swings to quarterly profit, guidance kept unchanged; stock slips
Ford Motor Co. swings to a quarterly profit and sales rise, but Wall Street zeroed in on another loss for its EV business as production snags plagued two of its key EVs, the Mustang Mach E SUV and the F-150 Lightning pickup truck.
Earnings Results: Lumen stock moves higher as company burns less cash than expected
The telecommunications company showed cash burn in its latest quarter but at a smaller scale than analysts had been expecting.
The Fed: Fed meeting’s outcome could depend on a single sentence
Economists and investors will be focused on a single sentence in the Fed statement on Wednesday that will give a sense of where the central bank is headed next.
Crypto: Coinbase launches offshore crypto exchange among ongoing regulatory woes in the U.S.
Coinbase is stepping outside of the U.S. after an ongoing battle with the U.S. Securities and Exchange Commission.
: Philip Jefferson close to being tapped for Fed’s No. 2 post: reports
President Biden is likely to nominate Fed governor Philip Jefferson as the central bank’s No. 2 and economist Adriana Kugler as a governor, reports say.
Market Extra: Why the stock market can’t break through the 4,200 ceiling on the S&P 500
For roughly a year, the 4,200 level on the S&P 500 has proven to be an almost-impenetrable barrier for U.S. stocks.
Crypto: Why meme coins are trending again
Over the weekend, a meme coin called Pepe Coin rallied over 200%. On Monday, another meme coin called Wall Street Baby surged over 300% in price.
: Apple Card savings account has an attractive 4.15% interest rate, but beware of these pitfalls before signing
Apple recently debuted a new savings account in partnership with Goldman Sachs.
: Kroger-Albertsons merger could cost grocery-store workers millions in lost wages, report says
Greater labor-market concentration could suppress wages and bargaining power, the Economic Policy Institute said in a new analysis.
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