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Cava beats quarterly expectations, reiterates forecasts amid outbreaks and economic worries

Cava beats quarterly expectations, reiterates forecasts amid outbreaks and economic worries

By Neil J Kanatt Aug 11 (Reuters) - Cava Group on Tuesday beat Wall Street expectations for second-quarter sales and core profit, helped by demand for its affordable Mediterranean food, but kept annual forecasts unchanged amid risks from recent food safety outbreaks and macroeconomic uncertainty.

Wall Street eases as hopes for imminent Hormuz deal fade; Intel drops

Wall Street eases as hopes for imminent Hormuz deal fade; Intel drops

By Caroline Valetkevitch and Avinash P Aug 10 (Reuters) - U.S. stocks edged lower in afternoon trading on Monday as hopes for an imminent deal to reopen the Strait of Hormuz faded and as Intel shares fell. U.S.

Wall Street ends down as expectations of Hormuz deal fade

Wall Street ends down as expectations of Hormuz deal fade

By Caroline Valetkevitch and Noel Randewich Aug 10 (Reuters) - The Nasdaq and S&P 500 closed lower on Monday, with declines in Intel and other chipmakers, as investors became less confident about a deal to reopen the Strait of Hormuz. U.S.

Wall St set for subdued open as markets monitor Hormuz situation

Wall St set for subdued open as markets monitor Hormuz situation

By Avinash P and Purvi Agarwal Aug 10 (Reuters) - Wall Street's main indexes were on course for a muted open on Monday, as investors weighed developments in the Middle East that could influence the reopening of the Strait of Hormuz and braced for a week laden with crucial inflation data and earnings

For McDonald's and rivals, cheap deals no longer do the trick

For McDonald's and rivals, cheap deals no longer do the trick

By Savyata Mishra and Waylon Cunningham Aug 11 (Reuters) - U.S. fast-food chains including McDonald's that spent the second quarter battling to pull in price-conscious diners discovered discounts alone were no longer enough to keep them coming back.

Federer-backed On's shares plunge as Americas sportswear growth slows

Federer-backed On's shares plunge as Americas sportswear growth slows

By Angela Christy M Aug 11 (Reuters) - U.S. shares of On Holding plunged as much as 22% and were on track for their worst day on record after the sportswear brand missed estimates for second-quarter net sales on Tuesday, hurt by slowing growth in its all-important Americas market.

Wall St muted as markets monitor Hormuz situation; data awaited

Wall St muted as markets monitor Hormuz situation; data awaited

By Avinash P and Purvi Agarwal Aug 10 (Reuters) - Wall Street's main indexes were subdued on Monday after a recent rally that took the S&P 500 and the Dow to record highs, as investors weighed Middle East developments that lifted oil, while awaiting crucial inflation data and earnings.

Smithfield Foods trims full-year forecasts as consumers rein in spending

Smithfield Foods trims full-year forecasts as consumers rein in spending

Aug 11 (Reuters) - Smithfield Foods cut its annual total sales and adjusted operating profit forecasts on Tuesday, citing ongoing challenges including cautious consumer spending and higher input costs. Shares of the company were down 3% in premarket trading.

Wall St set for higher open as investors weigh fresh US-Iran peace deal reports

Wall St set for higher open as investors weigh fresh US-Iran peace deal reports

By Avinash P and Purvi Agarwal Aug 11 (Reuters) - Wall Street's main indexes were poised to open higher on Tuesday as investors welcomed a report suggesting the United States and Iran were close to "some sort of an arrangement" to end six months of conflict.

Wall St futures muted as US-Iran impasse lifts oil prices

Wall St futures muted as US-Iran impasse lifts oil prices

Aug 11 (Reuters) - U.S. stock index futures were subdued on Tuesday as a deadlock in U.S.-Iran talks pushed up oil prices and discouraged investors from taking risks while the inflation outlook remained uncertain.

Hims & Hers' shift to branded obesity drugs drives wider quarterly loss

Hims & Hers' shift to branded obesity drugs drives wider quarterly loss

By Sneha S K and Amina Niasse NEW YORK, Aug 10 (Reuters) - Hims & Hers Health posted a wider-than-expected second-quarter loss on Monday as the telehealth company's shift to branded weight-loss drugs drove up costs, sending its shares down 6% in extended trading.

Wall St inches lower as tech drags, US-Iran peace optimism fades

Wall St inches lower as tech drags, US-Iran peace optimism fades

By Avinash P and Purvi Agarwal Aug 11 (Reuters) - Wall Street's main indexes slipped on Tuesday, as losses in tech stocks weighed on sentiment, while investors assessed reports of potential deals that could take the Middle East towards stability.