Thursday 26 July 2018

Chipotle's price hikes, queso cheese boost sales past estimates

Chipotle's price hikes, queso cheese boost sales past estimates

Chipotle Mexican Grill Inc topped analysts' estimates for comparable-restaurant sales on Thursday, boosted by higher menu prices and demand for its queso cheese dip in its first full quarter under Chief Executive Officer Brian Niccol.

U.S. touts EU trade truce, attention now turns to China

The United States signaled on Thursday it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe in a fragile deal that may clear the way for renewed pressure on China.

Republican lawmakers remain skeptical after Trump's EU deal

Numerous congressional Republicans worried about jobs for constituents back home remained skeptical of President Donald Trump's trade policies on Thursday, a day after Trump struck a surprise deal with the EU to halt further tariffs and hold talks on opening markets.

Intel's data center business misses estimates, shares fall

Intel Corp missed analysts' estimates for its closely watched data center business for the second quarter on Thursday, overshadowing strong results and sending its shares down 3 percent in extended trading.

Amazon second-quarter profit trounces estimates, shares rise

Amazon.com Inc's dwarfed estimates for quarterly profit on Thursday and forecast operating income above Wall Street's expectations for the third quarter, as the company earned far more from its higher-margin cloud business.

Amgen quarterly profit beats Wall Street view on new product sales

Amgen Inc on Thursday reported a better-than-expected second quarter profit and raised its full-year forecast, as growth of newer drugs like cholesterol fighter Repatha and osteoporosis drug Prolia offset weakness in older products.

Northrop CEO grilled by U.S. lawmakers over space telescope

Northrop Grumman Corp CEO Wes Bush faced tough questions from U.S. lawmakers about the delays and growing price tag for NASA's James Webb Space Telescope and rebuffed the idea that the company, rather than taxpayers, should pay an $800 million cost overrun.

Starbucks' quarterly growth slips on competition, waning customer enthusiasm

Starbucks Corp on Thursday reported quarterly same-store sales rose 1 percent globally and in its U.S. cafes, while growth in the once-robust China market slipped 2 percent amid fierce competition and stricter regulations on delivery services.

S&P, Nasdaq fall as Facebook plummets; Dow up

A plunge in Facebook Inc's shares pushed the Nasdaq down more than 1 percent on Thursday, the index's biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.

Game publisher EA's first quarter revenue beats estimates

Electronic Arts Inc beat analyst estimates for quarterly revenue on Thursday, as more gamers thronged to its popular game franchises such as "FIFA" and "The Sims".

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