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    • Breaking News
    Sep 26, 2023
    • United Natural Foods Inc dropped 23% to $14.44 after the company reported weaker-than-expected sales in its latest quarter and forecasted additional weakness in sales and operating earnings in the current quarter. 

      Revenue in the fiscal fourth quarter ending in July increased 2.0% to $7.4 billion but the company swung to a net loss of $68 million from a profit of $39 million and diluted earnings per share was ($1.15) compared to 63 cents a year ago. 

      The company forecasted fiscal 2024 revenue between $30.9 billion and $31.5 billion and net loss between $110 and $36 million and diluted loss per share between 60 cents and $1.86. 
      • Amazon.com Inc declined 2.5% to $127.96 after the online retailer and marketplace operator was sued by the Federal Trade Commission and attorney generals of 17 states accused company of "monopoly power" and charge higher prices for customers and unlawfully exclude rivals. 
        • Sep 25, 2023
        • Amazon.com Inc inched higher 1.3% to $130.65 after the company said it plans to invest up to $4 billion in artifiical intelligence tools developer Anthropic, a rival to ChatGPT developer OpenAI. 
          • HP Inc decreased .2% to $26.77 after Berkshire Hathaway sold 4.8 million shares held by the conglomerate for approximately for $130 million. 
            • Sep 22, 2023
            • McDonald's Corp advanced 0.7% to $273.0 after the fast food chain operator said it plans to increase its royalty fees charged to franchisee operators to 5% from 4%. 

              McDonald's has not increased the fee for several decades but the company also charges for store rent, digital infrastructure and other marketing services.  
              • Scholastic Corp dropped 14.5% to $33.28 after the publishing company reported lower-than-expected revenue and earnings in its latest quarter. 

                Revenue in the fiscal first quarter ending in August declined 13% to $228.5 million reflecting continuing softness in retail sales. 

                Net loss surged to $74.2 million from $45.5 million and diluted loss per share expanded to $2.33 from $1.33 a year ago. 
                • Activision Blizzard Inc gained 1.9% to $93.93 after the U.K. regulators said new proposal from Microsoft met several terms required to clear the purchase of game developer for $69 billion.  
                  • Sep 21, 2023
                  • Klaviyo Inc decreased 1.7% to $32.21 after the company completed its initial public offering and sold 19.2 million shares at $30 each, 

                    The stock of the marketing software automation company opened at $36.75 and closed at $32.76, about 9% higher than its price.
                    • KB Home declined 4% to $46.10 despite the home builder reporting quarterly results that met investor expectations. 

                      Revenue in the fiscal third quarter ending in August fell to $1.59 billion from $1.84 billion and the delivered homes declined 7% to 3,375 from a year ago. 

                      Higher mortgage rates negatively impacted home prices and average selling price in the quarter declined to $466,300 compared to $508,700 a year ago. 

                      The home building operating income margin declined to 11.3% from 17.7% and housing gross profit margin fell 520 basis points to 21.5%. 

                      Net income declined to $149.9 million from $255.3 million and diluted earnings per share and diluted earnings per share fell to $1.80 from $2.86 a year ago. 
                      • Starbucks Corp decreased 25 cents to $94.94 after the company said announced to hike its quarterly dividend by 7.5% to 57 cents a share from 53 cents payable on November 24 to shareholders on record November 10. 

                        The coffee retailer opened a $220 million distribution and manufacturing facility in China, second largest market for the company.