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Starbucks to lay off 350 global corporate employees

Reuters Business News - 35 min 59 sec ago
Starbucks Corp is laying off about 350 global corporate employees, Chief Executive Officer Kevin Johnson said on Tuesday in a memo to employees, seen by Reuters.

S&P, Dow lose ground as crude plunge punishes energy stocks

Reuters Business News - 36 min 4 sec ago
The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks.

Blue Apron cuts headcount by 4 percent; posts drop in orders

Reuters Business News - 36 min 6 sec ago
Blue Apron Holdings Inc said on Tuesday it would reduce its headcount by 4 percent, as the meal-kit delivery company focuses on its online business to help reverse six straight quarters of revenue declines.

Stocks making the biggest moves after hours: Blue Apron, Tilray and more

CNBC Business - 36 min 29 sec ago
See which stocks are posting big moves after the bell.

The FAANG 'trade is dead': Money manager Peter Boockvar

CNBC Business - 37 min 29 sec ago
"Taken together, there's really no leadership anymore in the stock market," Boockvar told CNBC on Tuesday.

Juul Labs to pull sweet e-cig flavors to curb youth use

Reuters Business News - 39 min 47 sec ago
Juul Labs Inc, the U.S. market leader for electronic cigarettes, said on Tuesday it will pull popular flavors such as mango, cucumber and fruit from retail store shelves in an effort to reduce surging teenage use of its products.

Microsoft ex-CEO Ballmer says if Windows changes were bad for profits, 'I'd be selling' shares

CNBC Business - 53 min 29 sec ago
At a conference on Monday, former Microsoft CEO Steve Ballmer said he would be selling shares if the company made such drastic changes in its Windows business that it cut into profits.

Oil slumps 7 percent to one-year low as rout extends to 12 days

Reuters Business News - 57 min 41 sec ago
Oil's slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply.

Dallas mayor says Amazon officials ultimately had 'an East Coast bias' for HQ2

CNBC Business - 58 min 29 sec ago
Amazon chose locations in New York City and Arlington Virginia for its new headquarters. Dallas Mayor Michael Rawlings told CNBC he felt his city was fairly considered, but that officials ultimately wanted to be in an East Coast city.

Market hasn't recovered from October shock, won't rally until signs of a bottom: Art Cashin

CNBC Business - 59 min 29 sec ago
The seasonal rally that many are expecting may be delayed as the market tries to find a bottom, says closely followed trader Art Cashin.

Blue Apron to reduce workforce by 4% in push to reach profitability in 2019

CNBC Business - 1 hour 3 min ago
Blue Apron will reduce its workforce by 4 percent as the company aims to become profitable in 2019, the meal kit company announced Tuesday.

Dunkin' says its new espresso is so good, 'you don't have to go to Starbucks'

CNBC Business - 1 hour 7 min ago
Dunkin' executives are hoping the combination of good flavor, cheap prices and fast service will be enough to lure — not only existing customers to try its espresso — but customers at other cafes.

Oil plummets on global demand concerns; U.S. stocks end lower

Reuters Business News - 1 hour 20 min ago
Oil prices plunged 7 percent on Tuesday on persistent concerns of oversupply and weakening global demand, causing Wall Street stocks to reverse early gains that were driven by the resumption of trade talks between the United States and China.

Former IDG Communications CEO Friedenberg named Reuters News president

Reuters Business News - 1 hour 20 min ago
Thomson Reuters Corp has appointed tech and media veteran Michael Friedenberg as president of Reuters news and media operations, Thomson Reuters said on Tuesday.

Marijuana producer Tilray says revenue surged more than 85 percent last quarter

CNBC Business - 1 hour 33 min ago
Marijuana producer Tilray reported quarterly earnings that beat analysts' expectations on Tuesday, though total revenues fell just shy of estimates.

Maryland goes to court to challenge Trump's attorney general pick

CNBC Business - 1 hour 40 min ago
The state of Maryland launched a court challenge on Tuesday to the legality of President Donald Trump's appointment of Matthew Whitaker as acting U.S. attorney general.

A week later it's clear the midterms did produce a blue wave

CNBC Business - 1 hour 47 min ago
One week ago, three distinct but overlapping currents combined to shift tidal forces in America's midterm elections – and smash the Republican Party's congressional fortress.

Health privacy advocates worry DeepMind will break its promise not to share health data with Google

CNBC Business - 1 hour 47 min ago
DeepMind Health says that it will be absorbed into Google Health, but it still won't be sharing patient health information with its parent company. Its critics remain concerned.

Dow, S&P 500 end down with energy, Boeing

Reuters Business News - 1 hour 48 min ago
The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing , offsetting a small gain in technology shares and renewed hopes for progress in trade talks.

SurveyMonkey reports 18% revenue increase during its first quarter as a public company

CNBC Business - 1 hour 48 min ago
Tuesday marks the company's first earnings report since debuting on the Nasdaq in October.

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