Starbucks shares fall despite higher forecast as investors worry about international growth

Starbucks on Tuesday reported mixed quarterly results and raised its full-year forecast for earnings and revenue. While the company’s earnings topped Wall Street’s expectations, its revenue missed estimates, dragged down by some international markets’ slower recovery. Shares of the company dropped nearly 2% in extended trading. Here’s what the company reported compared with what Wall Street […]

HSBC shares in Hong Kong up 2.7% after pre-tax profit in the first quarter beat expectations

HSBC shares jumped 2.66% after Europe’s largest lender by assets reported first-quarter pre-tax profits that beat estimates but reported revenue was down. Hong Kong-listed HSBC shares traded up 0.44% prior to the earnings release. The London-headquartered bank, which makes most of its revenue in Asia, said its reported profit before tax rose 79% from a year […]

‘What Does The Future Hodl?’—Elon Musk Primes Bitcoin And Crypto For A Tesla Bombshell After Extreme Price Swings

Elon Musk, the meme-happy Telsa billionaire who has helped bitcoin reach a $1 trillion market capitalization this year, continues to tease the cryptocurrency market. The bitcoin price, after doubling through the first three months of the year, has struggled in April—losing over 10% of its value amid multiple warnings the “frothy” cryptocurrency market could be […]

10-year Treasury yields will break out of slump within weeks, Wells Fargo predicts

The 10-year Treasury Note yield may be on the verge of breaking out of its slump. After stabilizing over the past several weeks, Wells Fargo Securities’ Michael Schumacher predicts the current risk backdrop will re-energize yields in the coming weeks. He lists the Federal Reserve’s high level of comfortableness surrounding rising inflation, the massive amount […]