The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
See which stocks are posting big moves after the bell on July 22.Market Insiderread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
The deal could be announced as soon as next week, according to the report.Technologyread more
President Donald Trump held "constructive" discussions on a range of economic issues including trade and national security issues.Technologyread more
Former NFL offensive lineman Jeff Hatch, who had previously been candid about his own struggles with opioid addiction and substance abuse, pleaded guilty Friday to a drug...Politicsread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Strong holiday sales at helped Starbucks match Wall Street's quarterly earnings and revenue expectations, but its full-year guidance came in slightly light on Thursday.
The company announced on the conference call that Kevin Johnson, former CEO of Juniper Networks, would become president and chief operating officer on March 1. Earlier this month, Starbucks announced that its chief operating officer, Troy Alstead, planned to take an extended unpaid leave beginning March 1.
Alstead said he planned to dedicate the next year to his family. Howard Schultz, the company's Chairman, President and CEO, said he looked forward to Alstead's return.
Schultz is scheduled to be on CNBC's "Squawk on the Street" Friday.
The quarter represented the company's 20th consecutive quarter of comp growth of 5 percent or higher. This edged above analysts' estimates of 4.7 percent, according to Consensus Metrix. Traffic also grew.
The company expects earnings of $3.09 to $3.13 per share. This midpoint is below what analysts had expected.
Still, after the earnings announcement, the company's shares rose in extended-hours trading. (Click here to track its shares following the report.)
The company posted fiscal first-quarter adjusted earnings of 80 cents per share, up from 71 cents a share in the year-earlier period.
Revenue increased to $4.8 billion from $4.24 billion a year ago as sales accelerated into the holiday quarter.
Analysts were expecting coffee giant Starbucks to deliver earnings per share of 80 cents on $4.8 billion, according to a consensus estimate from Thomson Reuters.
What is Starbucks stock doing now? (Click here to track its shares following the report.)
One in seven Americans received a Starbucks gift card during the holiday quarter, and dollars loaded on the company's cards rose 17 percent.