10/22/24

Starbucks reveals newest custom creation: a double shot of sales declines

Starbucks shares slid in after-hours trading after the coffee giant reported that its sales have declined for the second quarter in a row.

The company reported $9.1 billion in revenue, down 3% from the previous quarter. Comparable sales, a critical metric in restaurant and retail business, was also down for a second quarter after staying in the green since 2021. Starbucks suspended its guidance for 2025.

The news comes two months after Brian Niccol, formerly the head of Chipotle, was announced as the new CEO of Starbucks, a move which sent the stock to new highs at the time.

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Nia Warfield

12h

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Max Knoblauch

12h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Nia Warfield

9/8/25

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.

Claire Yubin Oh

fighting fit?

9/8/25

Healthcare is expected to remain the engine of America’s job market through 2034

Not everyone is as sure as the BLS about the industry’s prospects.

Hyunsoo Rim

BETTER TOGETHER, WAIT, NO, WORSE

9/8/25

Corporate breakups and spinoffs are back on Wall Street — but are investors up for the ride?

Spin offs among S&P 500 companies are running at their fastest pace since 2016.

Carousel at an amusement park spinning at night

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