Stocks typically rise after a presidential election, but investors need to be prepared for some short-term choppiness first, history shows.
Schlagwort-Archiv: Markets
Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines
KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.
Burger King parent Restaurant Brands falls short of third-quarter expectations
Net sales climbed 24.7%, largely thanks to the company’s acquisitions of its largest U.S. Burger King franchisee and its Popeyes business in China.
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo’s gaming business.
Oil giant Saudi Aramco posts 15% drop in third-quarter profit but maintains dividend
Lower global oil prices, weaker demand and prolonged OPEC+ production cuts led by Saudi Arabia continue to impact crude prices.
Marqeta shares plunge more than 30% on big forecast miss
Marqeta shares plummeted after the company’s forecast for the fourth quarter fell shy of analysts‘ expectations.
Tech partnerships with power companies for AI in doubt after government rejects key Amazon agreement
Talen Energy in March sold the data center campus to Amazon for $650 million, which would be powered by the nuclear plant in a first-of-its-kind deal.
China’s Singles Day shopping festival is more than halfway over. Here’s how consumers are spending
Early indicators on China’s biggest shopping event of the year reveal a pickup in select categories, and even predictions for modest sales growth overall.
Buy now, pay later giant Affirm expands to the UK in first major international foray
Affirm, the U.S. buy now, pay later firm, on Monday launched its services in the U.K. — its first expansion overseas.
China gears up for a big week as markets await U.S. elections and stimulus details
The size of China’s highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts say.