(Reuters) – Starbucks is planning to expand its global store footprint to 55,000 stores by 2030, CEO Laxman Narasimhan said on Thursday. The coffee chain is also targeting cost savings of over $[...]
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November 2, 2023
Marketmind: Peering past the policy peak
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A powerful rally in U.S. and global stocks on Thursday, sparked by anothe[...]
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Expedia beats profit estimates, announces $5 billion share buyback
(Reuters) – Expedia Group on Thursday announced a new share buyback plan of $5 billion after posting a better-than-expected quarterly profit, as the online travel booking company benefited from[...]
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Monster Beverage edges past profit expectations on higher pricing, cooling costs
(Reuters) – Monster Beverage Corp beat estimates for third-quarter profit on Thursday, helped by higher pricing for its energy drinks and hard seltzers, sending the company’s shares up abo[...]
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EOG Resources beats quarterly profit estimates on strong production
(Reuters) -U.S. shale oil producer EOG Resources on Thursday soared past Wall Street estimates for third-quarter profit and raised its annual production forecast amid resilient fuel demand. U.S. WTI c[...]
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Cedar Fair, Six Flags to merge in search of amusement park recovery
By Savyata Mishra (Reuters) -Cedar Fair and Six Flags Entertainment agreed on Thursday to merge to spur a post-COVID-19 pandemic recovery that U.S. amusement park operators have been chasing, as consu[...]
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Ticketmaster parent Live Nation beats revenue estimates on surging concert demand
(Reuters) – Ticketmaster parent Live Nation Entertainment beat market estimates for third-quarter revenue on Thursday benefiting from high ticket prices and surging concert demand. Shares of the[...]
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Wall Street indexes rally on bets of peak US interest rates, strong earnings
By Sinéad Carew and Amruta Khandekar (Reuters) – Wall Street’s three main stock indexes rallied nearly 2% on Thursday on hopes that the U.S. Federal Reserve has reached the end of its inte[...]
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Pioneer Natural Resources’ profit falls, but tops analysts estimates
HOUSTON (Reuters) – Pioneer Natural Resources on Thursday said its third quarter profit fell 26% due to lower oil and gas prices, but topped analysts’ estimates on the back of higher produ[...]
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