The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operate a 1,600-bed facility, expected to generate $75 million annually once fully operational. McDonald's shares rose despite missing sales estimates, driven by better-than-expected earnings per share and operating income growth. The move reflects ongoing US efforts to limit Chinese tech imports amid security concerns, with the FCC likely to finalize the ban by year-end.
McDonald's reported weaker-than-expected US sales growth of 0.8% in Q2, below analyst estimates of 1.06%, citing poor execution of value promotions and reduced digital deals that led to fewer visits from loyal customers. CEO Chris Kempczinski acknowl...
McDonald's reported Q2 earnings per share of $3.32, meeting estimates and showing a 6% year-over-year increase, with net income rising 5% to $2.36 billion. Revenue grew 4% to $7.1 billion, in line with forecasts, though global comparable sales growth...
McDonald's is set to report its second-quarter earnings, with Wall Street expecting earnings per share of $3.32 and revenue of $7.13 billion. The company faces a challenging environment, including high gas prices affecting consumer budgets, and antic...
Wall Street is expected to start August mostly higher with Dow Jones futures up 1% and S&P 500 gaining 0.5%, while Nasdaq futures remain flat following a recent tech rebound. Last month, technology stocks struggled, notably the Philadelphia Semicondu...
U.S. markets ended last week higher as the Federal Reserve held interest rates steady, despite some dissent. This week features key economic data including Friday's July jobs report and manufacturing activity, alongside major earnings from SpaceX, AM...
