Brinker shares rose 13% as markets opened Wednesday, while Wingstop fell 10%.
Source: Sherwood News.
Category: Business
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Avis erases what’s left of its 390% April gain on news that major holder dumped 4.3 million shares
Well, the vacation from reality was fun while it lasted, but now it’s time to return the rental car.
Source: Sherwood News.
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Starbucks beats Q2 estimates, raises 2026 guidance
CEO Brian Niccol commented that the latest quarter “marked the turn in our turnaround as our Back to Starbucks plan drove both top and bottom line growth.”
Source: Sherwood News.
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Maryland is set to be the first state to ban dynamic pricing at grocery stores
The first-of-its-kind legislation comes amid a growing trend for putting algorithm-driven price systems on US shelves.
Source: Sherwood News.
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Booking dives after slashing its guidance as Iran war weighs on its business
The company expects fewer people to book travel accommodations through its sites this year than it previously forecasted as the war in Iran seeps uncertainty.
Source: Sherwood News.
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NXP Semiconductors leaps after strong beat and guidance
NXP Semiconductors (NXPI) is up more than 15% in premarket trading on Wednesday after the chipmaker reported upbeat results for Q1, with strong guidance to match. For its first fiscal quarter of the year,…
Source: Sherwood News.
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Disney is no longer considering spinning off ESPN, reports Business Insider
It’s perhaps the biggest call yet of new CEO Josh D’Amaro.
Source: Sherwood News.
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Enphase drops as guidance and results fail to impress investors
A retail favorite of the Covid era, Enphase shares have been battered almost continuously for the last three years, making them a favorite target of short sellers.
Source: Sherwood News.
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Bloom Energy surges after reporting huge Q1 revenue beat, big guidance hike
Solid-oxide fuel cell maker Bloom Energy has been on a tear thanks to the data center boom.
Source: Sherwood News.
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Seagate soars on strong quarterly numbers, guidance far above expectations
The maker of hard disk drives has cashed in on surging AI-related demand for data storage.
Source: Sherwood News.
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Robinhood sinks after Q1 results trail estimates
The brokerage just reported quarterly results.
Source: Sherwood News.
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Stocks fall as the AI trade slumps
Chip stocks dropped on a report that OpenAI missed key revenue and user targets, while oil climbed amid stalled peace talks.
Source: Sherwood News.