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Starbucks must face shareholder lawsuit over surprise sales decline

By Jonathan Stempel (Reuters) -Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In a decision ...
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US FCC votes to advance wireless spectrum auction, avoid aviation standoff

WASHINGTON (Reuters) -The Federal Communications Commission voted 3-0 on Thursday to advance plans to auction key wireless spectrum crucial for advanced technology uses and aims to head off another confrontation between airlines and telecom companies. The FCC said it was considering whether some C-Band wireless ...
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Fed’s Cook sees risk of ‘outsized asset price declines’

(Reuters) -Historically elevated prices in equities, corporate bonds, housing and leveraged loan markets may portend a large pullback in valuations, Federal Reserve Governor Lisa Cook said on Thursday, even as she predicted that any such drop is unlikely to send the whole financial system ...
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Fed’s Hammack warns more rate cuts court financial stability risks

By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack warned Thursday that cutting rates further right now carries a wide range of risks for the economy. Given the persistence of inflation running over the Fed's 2% target, "lowering interest rates to support ...
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Listings war: Walmart’s move to Nasdaq marks coup over NYSE

By Manya Saini and Juveria Tabassum (Reuters) -The Nasdaq's latest get is about as "old economy" as it gets - consumer giant Walmart. The retail giant said on Thursday it was shifting its longtime listing on the New York Stock Exchange to its main rival - ...
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Waymo to broaden US robotaxi footprint with moves into Minneapolis, Tampa, New Orleans

(Reuters) -Alphabet's Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the broad rollout of its services in the U.S. The company said it will begin operations in ...
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Jobs report blows past expectations, defying hiring slowdown

(NEW YORK) -- Employers hired far more workers than expected in September, defying a sharp slowdown over the summer that appeared to cool off the labor market.The U.S. added 119,000 jobs in September, according to data from the U.S. Bureau of Labor Statistics. That ...
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Nvidia relief won’t be enough to dispel tech-bubble angst

By Dhara Ranasinghe LONDON (Reuters) -Markets may have weathered a key Nvidia earnings test but the ability of big tech to move sentiment across markets on a dime will continue to preoccupy investors as lofty valuations persist. AI darling Nvidia on Wednesday surprised Wall Street ...
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U.S. employers added surprisingly solid 119,000 jobs in September, government says in delayed report

WASHINGTON (AP) - U.S. employers added a surprisingly solid 119,000 jobs in September, the government said, issuing a key economic report that had been delayed for seven weeks by the federal government shutdown. The unemployment rate rose to 4.4% in September, highest since October 2021 ...
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US filings for jobless benefits remained in historically healthy range during government shutdown

New U.S. jobless claim applications fell last week, remaining within the healthy range of recent years, according to the government's first weekly layoffs data since before the government shut down on Oct. 1. The number of Americans filing for unemployment benefits for the week ending ...
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The Weeknd’s ‘After Hours ‘Til Dawn’ Tour grosses over $1 billion, Live Nation says

NEW YORK (AP) - The Weeknd's After Hours 'Til Dawn Tour has officially crossed the $1 billion mark, according to Live Nation. The lengthy tour, which launched in Philadelphia in July 2022 and runs through September 2026, has officially grossed $1.004 billion with approximately 7.55 ...
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Walmart raises profit expectations as more Americans hunt deals in sluggish economy

NEW YORK (AP) - Walmart delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it wins over more cash-strapped Americans who have grown increasing anxious about the economy. With other retailers dialing back projections, the nation's largest retailer ...
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