Cracker Barrel shares fell nearly 10% before the bell on Thursday, after the restaurant chain’s short-lived decision to change its logo hit customer traffic and prompted it to scrap store remodel plans.
Read More Cracker Barrel shares slump as logo change blowback dents restaurant trafficTag: LSEG
S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumps
The S&P 500 and the Nasdaq hit intraday record highs after cooler-than-expected inflation data kept the U.S. central bank on track to cut borrowing costs this year.
Read More S&P 500, Nasdaq hit record highs after inflation data boosts rate-cut bets; Oracle jumpsTarget stock slumps after retailer names insider Fiddelke to CEO role
In his first media call as incoming CEO, Fiddelke said his “number one goal is to get us back to growth.”
Read More Target stock slumps after retailer names insider Fiddelke to CEO roleMeta’s year of bold ‘superintelligence’ bets unlikely to pump profits
It’s crunch time for Mark Zuckerberg as he pulls out all the stops to stay relevant in Silicon Valley’s intensifying advanced artificial intelligence race.
Read More Meta’s year of bold ‘superintelligence’ bets unlikely to pump profitsUnion Pacific to reshape US freight rail with $85 billion deal for Norfolk
Union Pacific said it would buy smaller rival Norfolk Southern in an $85 billion deal to create the first U.S. coast-to-coast freight rail operator.
Read More Union Pacific to reshape US freight rail with $85 billion deal for NorfolkAlphabet jumps as AI-driven spending fuels cloud revenue surge
Alphabet shares rose more than 3% in early trading as the Google parent’s earnings underscored a key message to investors: AI spending is climbing, but so are the returns.
Read More Alphabet jumps as AI-driven spending fuels cloud revenue surge