Restaurant Brands International on Tuesday reported quarterly earnings and revenue that missed analysts’ expectations as domestic same-store sales growth for all four of its chains fell short of Wall Street estimates. Shares fell about 2% in early trading following the report. Here’s what the company reported for the third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: 93 cents adjusted vs.

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street’s looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge with its second interest rate cut of the year on Thursday and a nod to more. Overseas, Friday’s focus was on China’s widely expected debt-raising stimulus plans – although the readout was these were in line

Budrul Chukrut | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street’s expectation as same-store sales at KFC and Pizza Hut slid more than expected. “The complex consumer environment that exists in many markets around the globe has contributed to pronounced regional sales variations, which has caused our system-sales growth to fall short of our long-term algorithm this year,” CEO David Gibbs said on

By Karin Strohecker and Virginia Furness LONDON (Reuters) – Multilateral development banks are putting much more focus on investments to tackle climate change, the president of the European Bank for Reconstruction and Development said this week, amid worries about U.S. climate policy under a Trump administration. “MDBs are really stepping up the number and the action in their level of investment in the green sector,” Odile Renaud-Basso told Reuters late

Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images Palantir shares jumped 20% on Tuesday morning after the data analytics software maker reported robust third-quarter results and revenue guidance. Here’s how the company did compared with LSEG consensus estimates: Earnings per share: 10 cents adjusted vs. 9 cents

By Timothy Gardner WASHINGTON (Reuters) – The Biden administration said on Friday it has bought its last batch of oil for the Strategic Petroleum Reserve after selling a record amount from the facility in 2022 to counter fuel prices that had risen after Russia’s invasion of Ukraine. The Department of Energy said it had bought 2.4 million barrels of oil for the reserve for delivery from April through May to

Mario poses at the “SUPER NINTENDO WORLD” welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console. The Japanese gaming giant said it now expects to sell 12.5 million units of the Switch over the

By Tim Cocks JOHANNESBURG (Reuters) – South Africa is concerned by the impact Donald Trump’s election as the next president of the United States may have on talks to tackle climate change, its environment minister said on Friday. Trump’s election and the collapse of Germany’s coalition government this week have come right before COP29 talks aimed at curbing global warming, which scientists blame for destructive hurricanes, floods and heatwaves across

The Trump regime will hit European economic growth and reduce company earnings, though the continent’s defense sector may prosper. Source link

Investing.com– Most Asian currencies steadied from recent losses on Thursday, while the dollar hovered around four-month highs after a Donald Trump victory in the presidential election. Focus was now on the conclusion of a Federal Reserve meeting later in the day, where the central bank is widely expected to cut interest rates. But its outlook on future rate cuts will be closely watched. Asian currencies were nursing steep losses from