Stocks & Bond News

April 24, 2024

JetBlue Stock Tumbles After Revenue Warning, Lowered Guidance

JetBlue shares tumbled Tuesday as the airline warned about current-quarter and full-year revenue amid soft travel demand in its key Latin America market.JetBlue CEO Joanna Geraghty said that the carrier planned too many flights to Latin America, and that will put pressure on revenue throughout the year.JetBlue posted a loss of $716 million, with much of that comprising one-time charges, including those associated with its termination of the planned purchase of Spirit Airlines.

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April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

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April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

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April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

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April 22, 2024

McDonald's Stock Slips as CFO Says Lower-Income Customers Are Cutting Back Spending

McDonald's shares slipped close to 4% Wednesday after its CFO said the fast-food chain faced a challenging environment hindering sales in the opening months of 2024.McDonald's CFO Ian Borden said lower-income customers have been pulling back spending on fast food and other types of restaurants.The fast-food giant said it wants to raise its share of the chicken market, and plans to test a bigger burger.

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April 22, 2024

Palantir Falls as Analyst Says It's Overvalued Amid AI Hype

Palantir Technologies shares dropped 6% Thursday after an analyst downgraded the stock, claiming artificial intelligence (AI) hype has left it with an "egregiously rich valuation."Analyst Brian White at Monness, Crespi, Hardt & Co. lowered the stock's rating to "sell" from "neutral," writing it's time to get "back to reality" after Palantir's "meteoric rise on the Gen AI rocket."Despite Thursday's decline, shares of Palantir have gained nearly 39% year to date.

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