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1 Article
Source: Fox News

Starbucks posts strong results as China rival Luckin Coffee's IPO looms

Today 05:10 GMT

Starbucks posted strong results in its key U.S. and China markets in the second quarter as the coffeehouse giant prepares for increased competition from its Beijing-based rival, Luckin Coffee.

“Starbucks delivered another quarter of solid operating results, demonstrating that our 'Growth at Scale' agenda is working,” Starbucks CEO and President Kevin Johnson said in a press release. “We are especially pleased with our comparable store sales growth in our two lead markets, the U.S. and China, where we are also continuing to drive strong new store development with industry-leading returns.

2 Articles
Source: Common Domain

Health-care earnings: ‘Medicare for all’ looms large

Tuesday 20:01 GMT

Shares of UnitedHealth Group Inc. tumbled last week despite the company reporting first-quarter earnings and revenue that beat expectations — a sign of investors’ growing anxiety over the health-care regulatory climate.

With that in mind, here’s what to watch out for during the next couple of days as health-care companies announce earnings. Centene CNC, -1.96% shares initially shot up 6.1% in premarket trade Tuesday after the insurer reported first-quarter profit and revenue that beat Wall Street expectations, while raising its full-year outlook.

1 Article
Source: Fox News

Britt McHenry: Elizabeth Warren took a stab at fixing a looming crisis, but she hit far from the mark

Tuesday 12:40 GMT

ELIZABETH WARREN DOUBLES DOWN ON TRUMP IMPEACHMENT PUSH, SAYS IT'S ‘BIGGER THAN POLITICS’. But if you make more than $250,000 annually, well, you’re out of luck in this Oprah-like freebie contest.

Warren deserves credit for emerging as the only 2020 Democratic presidential candidate to substantively acknowledge the estimated $1.5 trillion in debt. The United States has a massive student loan debt problem that has crippled the finances of Millennials and will continue to do so, if not properly addressed.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte