Talking Biz News Today — May 2, 2019

Some of Thursday’s top business news stories: Associated Press Many college grads feel their grip on middle class loosening, by Josh Boak and Emily Swanson Stocks sink after Fed appears to dash hopes of a rate cut, by Alex Veiga Bloomberg Qualcomm drops after sales forecast signals weak demand in China, by Ian King Zynga wants to know if fans […]

Coverage: Apple’s profits, iPhone sales drop

Apple Inc. posted its first back-to-back drop in quarterly sales and profit in more than two years, but the tech titan reported strength beyond its struggling iPhone business and said a sharp downturn in China showed signs of easing. Tripp Mickle of The Wall Street Journal had the news: Profit dropped 16% to $11.56 billion for the three […]

Talking Biz News Today — May 1, 2019

Some of Wednesday’s top business news stories: Associated Press US stocks post meager gains; S&P 500 index hits new high, by Alex Veiga Wynn Resorts fined $35M for misconduct allegations response, by Philip Marcelo Bloomberg Bank of Buffett drops $10 billion bomb into Anadarko battle, by Joe Carroll, Katherine Chiglinsky and Kevin Crowley U.S. factory job-listings signal hiring my slump […]

Coverage: Marriott plans to take on Airbnb

Marriott is pushing more heavily into home-sharing, confident that its combination of luxury properties and loyalty points can lure travelers away from rivals like Airbnb. Dee-Ann Durbin of the Associated Press had the story: The world’s biggest hotel company will start taking reservations this week for 2,000 homes in 100 markets in the U.S., Europe and […]

Talking Biz News Today — April 30, 2019

Some of Tuesday’s top business news stories: Associated Press Alphabet Q1 revenue falls short of estimates, by Rachel Lerman Boeing CEO defends safety record amid two deadly crashes, by David Koenig Bloomberg WeWork files confidentially for IPO amid flurry of offerings, by Ellen Huet Woodstock backer pulls plug on 50th anniversary music show, by Nick Turner and Lucas Shaw Fortune Google […]

Coverage: “Avengers: Endgame” sets movie revenue record

Walt Disney Co.’s superhero epic “Avengers: Endgame” became the first movie to gross more than $1 billion in its debut at the world-wide box office. Erich Schwartzel of The Wall Street Journal had the news: The Marvel Studios blockbuster, powered by record-setting hauls in the U.S. and China, collected an estimated $1.2 billion in its first five days of […]

Talking Biz News Today — April 29, 2019

Some of Monday’s top business news stories: Associated Press Vacant land becoming asset as development returns to Detroit, by Corey Williams Far from glitzy tech hubs, Chinese city bets big on VR, by Dake Kang Bloomberg The mystery of the millionaire hermit, by Claire Martin First they came for plastic bags. Coffee cups are next, by Emily Chasan and Hema […]

Coverage: More people are drinking Starbucks

Starbucks Inc. on Thursday reported earnings that outpaced analyst expectations and raised its outlook for the year, as customers spent more at its cafes in the U.S. and sales growth in China was stronger than expected. Amelia Lucas of CNBC.com had the news: “We are especially pleased with our comparable store sales growth in our two […]

Talking Biz News Today — April 26, 2019

Some of Friday’s top business news stories: Associated Press US stocks end mostly lower, weighed down by industrials, by Alex Veiga Amazon’s profit more than doubles on cloud computing growth, by Joseph Pisani Bloomberg Uber aims for an IPO valuation of as much as$90 billion, by Olivia Zaleski and Eric Newcomer Amazon will spend $800 million to move to one-day […]

Coverage: Chipotle’s earnings, sales surprise Wall Street

Chipotle Mexican Grill Inc. beat sales and profit expectations in its latest quarter, continuing to regain its footing after operational problems spooked customers and investors. Heather Haddon of The Wall Street Journal had the news: The taco-and-burrito chain on Wednesday reported a profit of $3.13 a share on $88.1 million in income, up from $2.13 per diluted share […]