Cramer: Why Apple's revenue decline is bullish for the stock
Elon Musk sees his Tesla master plan costing tens of billions
Deutsche Bank's pain turns chronic
End of an era as China’s love affair with US real estate fades
Apple is single-handedly bringing down tech sector profits
Twitter: slowest quarterly revenue growth since IPO
Clinton, Trump won’t accomplish anything by trashing banks
Declining labor rate isn’t about immigration
Doom and gloom talk dominates strong data trends
Mobileye split with Tesla spurs self-driving tech debate
Tesla driver speeding in fatal Autopilot crash
No recession according to housing data
David Einhorn warns of more Fed 'Jelly Donuts'
Venezuela's murky oil industry: the deal that went too far
Reddit-like social network rewards bloggers in bitcoin
El-Erian: Fed risks ‘collateral damage’ by keeping rates low
Investors pulled a whopping $20.7 billion from hedge funds in June
- BusinessThe Street•16 hours ago
Panera Bread Co. (PNRA) was downgraded by analysts on Tuesday, supporting fears of a mass decline in the restaurant industry. Stifel Financial Corp. analyst Paul Westra noted that recent surveys show a decline in restaurants that could be alarming for not just the industry, but the overall market. "Today, we adopt a bearish outlook for restaurants as we confidently believe that, at a minimum, the simultaneous -150 basis points to -200bps deceleration of restaurant industry comps across all categories during the second quarter within our most recent Stifel Sales Survey reflects the start of a U.S. Restaurant Recession," Westra noted. Stifel downgraded 11 different companies, including Texas Roadhouse (TXRH) , Dave & Busters Entertainment (PLAY) , Darden Restaurants (DRI) and Chipotle Mexican Grill (CMG) and set the price target for Panera at $175.
- AAPLCNBC•13 hours ago
As Wall Street watches closely for clues about Apple's (AAPL) upcoming iPhone release, CEO Tim Cook said he feels "fantastic" about iPhone sales in the last quarter and touted the strength of the company's services business. Globally, Apple grew its revenue from Services 19 percent and the app store hit an all-time record. Services will be "the size of a Fortune 100 company by next year," said Cook.