Chipotle’s marketing, online push drive profit beat; shares jump 10 percent
Chipotle Mexican Grill Inc topped Wall Street estimates for quarterly earnings as it lured diners with aggressive marketing and online orders spiked, sending its shares up 10 percent in after-hours trading on Wednesday.
Scoot over Microsoft: Apple again the most valuable U.S. company
Apple won back its crown as the most valuable publicly listed U.S. company on Wednesday, ending the session with a market capitalization above recent leaders Microsoft and Amazon.com.
Chipotle’s promotions, online orders help drive profit beat
Chipotle Mexican Grill Inc topped Wall Street estimates for quarterly profit as the fast-food chain lured diners with new promotions and online orders spiked, sending its shares up 5 percent in after-hours trading on Wednesday.
Stocks recede from two-month highs; Aussie dollar tanks
The Australian dollar tumbled on Wednesday after the country’s central bank signaled a possible interest-rate cut in the latest indication that a global economic slowdown is tilting policymakers toward looser monetary policy, while a gauge of world equ…
Wall Street rally pauses after underwhelming revenue forecasts
U.S. stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations.
GoPro tops revenue estimates, posts first profit in five quarters
GoPro Inc reported its first profit in five quarters on Wednesday and topped Wall Street estimates for revenue, as it cut costs and saw strong demand for the latest action cameras from its flagship HERO line.
Zynga bookings beat estimates as turnaround takes hold
Zynga Inc on Wednesday forecast quarterly bookings above analysts’ estimates after beating expectations for the fourth quarter, suggesting that the game developer was benefiting from its mobile push.
Germany to seek antitrust reform in 2020 EU presidency: source
Germany will seek to reform competition law during its European Union presidency in 2020, a government source told Reuters on Wednesday, hours after antitrust regulators blocked a rail deal between Siemens and Alstom.
Siemens deal collapse fuels Alstom-Bombardier tie-up talk, shares rally
The European Commission’s decision to block a tie-up between Alstom and Germany’s Siemens is fueling speculation over possible merger talks between the French rail business and Canada’s Bombardier, lifting both companies’ shares on Wednesday.
U.S. trade deficit narrows in November as imports decline
The U.S. trade deficit fell for the first time in six months in November as cheaper oil and higher domestic petroleum production helped to curb the country’s import bill, leading economists to boost their economic growth estimates for the fourth quarte…
