Domino’s Pizza U.S. same-store sales miss estimates, shares fall 6%

Domino’s Pizza U.S. same-store sales miss estimates, shares fall 6%
A Domino’s Pizza restaurant is seen in Los Angeles, California, U.S. July 18, 2018. REUTERS/Lucy Nicholson (Reuters) – Domino’s Pizza Inc (DPZ.N) on Tuesday reported second-quarter same-store sales at its U.S. outlets that grew slower than expected as it faced fierce competition from rival pizza chains and third-party delivery companies, sending its shares down about 6% before the bell. Food... Read More

JPMorgan profit beats estimates on strength in consumer banking

JPMorgan profit beats estimates on strength in consumer banking
(Reuters) – JPMorgan Chase & Co (JPM.N) reported a better-than-expected quarterly profit on Tuesday as higher interest income and a modest increase in loans more than made up for lower activity at the bank’s trading desks. A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr... Read More

Stock futures flat after JPMorgan results; Goldman Sachs, Wells Fargo eyed

Stock futures flat after JPMorgan results; Goldman Sachs, Wells Fargo eyed
(Reuters) – U.S. stock futures were trading flat on Tuesday as investors parsed through the earnings report from JPMorgan Chase and awaited results from Wall Street banks such as Goldman Sachs and Wells Fargo. Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., July 12, 2019. REUTERS/Lucas Jackson The... Read More

Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll

Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll
LONDON (Reuters) – Fund managers have trimmed cash holdings and added risk to their portfolios following the U.S. Federal Reserve’s dovish pivot and after Beijing and Washington agreed a temporary truce to their protracted trade spat, a key investor survey showed on Tuesday. Bank of America Merrill Lynch’s latest monthly survey found cash levels down to 5.2% in July from... Read More

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook

Johnson & Johnson beats profit estimates on pharma strength, raises sales outlook
The Johnson & Johnson logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 29, 2019. REUTERS/Brendan McDermid (Reuters) – Johnson & Johnson (JNJ.N) hiked its full-year operational sales forecast as strong demand for its cancer drugs Darzalex and Imbruvica helped it beat estimates for second-quarter profit on Tuesday.... Read More

Senate to grill Facebook over plans for Libra cryptocurrency

Senate to grill Facebook over plans for Libra cryptocurrency
WASHINGTON/NEW YORK (Reuters) – U.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its cryptocurrency plans on Tuesday, as the project continues to draw intense scrutiny from financial regulators and politicians across the globe. Facebook is fighting a rearguard action to get Washington onside after it shocked regulators and lawmakers with an announcement on... Read More

Amazon offers $10 to Prime Day shoppers who hand over their data

Amazon offers $10 to Prime Day shoppers who hand over their data
(Reuters) – Amazon.com Inc has a promotion for U.S. shoppers on Prime Day, the 48-hour marketing blitz that started Monday: Earn $10 of credit if you let Amazon track the websites you visit. FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, May 13, 2019. REUTERS/Pascal Rossignol/File Photo The deal is for new... Read More