Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping that some easy tweaks to its U.S. business will pay off and help reverse the trend as it plots a…
Alphabet executives, donning Halloween costumes, faced questions from concerned employees at an all-hands meeting on Wednesday, following comments on the company’s earnings call suggesting that more cost cuts are coming. “There is a reality to it,” said Brian Ong, vice president of Google recruiting, according to a recording of the meeting…
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned out, S&P was calling the top. Less than two weeks after the index changes were announced, Super Micro reached its closing high of…
An electric motorcycle, made by Swedish-Kenyan manufacturer Roam completed a 6,000-kilometer (3,700-mile) journey from Nairobi, Kenya, to Stellenbosch, South Africa, in 17 days, using only solar power. While the world record for the longest electric motorcycle journey is 25,000 kilometers (11,300 miles), undertaken over 42 days in the US, Roam…
The winner of the US presidential election could have a sweeping impact on the contentious relationship between the world’s two largest economies and rival superpowers. But in China, where election news is filtered through heavily censored state and social media, the focus has been more on spectacle than substance –…
In subtle but increasingly vocal ways, Israel’s military leaders are signaling that the country has achieved all it can militarily in Lebanon and Gaza, and it’s time for the politicians to strike a deal. It comes as Lebanon’s prime minister says that a ceasefire between Hezbollah and Israel could be…
Spain is reeling from its worst flooding in decades, after a year’s worth of rain fell in just hours this week in the country’s southern and eastern regions. The storm began on Tuesday and has so far killed at least 95 people while dozens more remain missing. It has also…
As we near the end of October 2024, it’s important to note that the market trends remain quite strong. Despite plenty of short-term breakdowns in key stocks this week, our Market Trend Model remains bullish on all time frames. This tells me to consider this market “innocent until proven guilty” but to…
The Halloween effect caught up with the stock market! October 31 ended up being a spooky day for investors. Tepid earnings from big tech companies and negative news about Super Micro Computer (SMCI) sent stocks plunging, especially semiconductors (more on this below). Precious metals, which were in a roaring bull…
Canadian oil and gas stocks have faced a rollercoaster ride over the past few years. However, analysts remain optimistic about the sector, and there are signs that oil and gas companies in Canada may be in a multi-year bull market. The top oil and gas stocks on the TSX and…