Some of the names on the move ahead of the open.» Read More
Stocks reversed course in the final hour of trading to end lower Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
Stocks declined in the final hour of trading Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
It's not so much the company...it's the sector and a desperate grab for alpha (outperformance). I've been asked why a tea company, which yesterday was pricing 7.14 million shares at $13-$15, priced at $17, and opened at $28.95 (!). Here's the answer...
Americans' craving for coffee is growing and that should mean a boost for Starbucks, UBS senior analyst David Palmer told CNBC Thursday. "One thing about coffee in this country is, behavior is shifting," he said. People are "moving toward the good stuff."
Stocks ended sharply lower Wednesday, following a Fed report that said pace of economic growth moderated in many districts and amid growing uncertainty over the ongoing debt talks in Washington.
Citing “poor market conditions”, three firms pulled off their initial public offerings from the calendar this week, which was expected to be the busiest for pricing activity since November 2007.
CEO Travis on Dunkin' Donuts IPO, franchise model, profitability and competition.
Stocks slumped for a third session Wednesday following an unexpected drop in durable goods orders and as worries escalated over a possible U.S. debt default.
Shares of Dunkin' Brands soared more than 33 percent in their debut Wednesday, and are now up over 40 percent amid strong investor demand.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.