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☆ Daily Open: U.S. stocks fall; 10-year Treasury yield drops below 4%; Apple beats Street while Amazon falters
▼ + stars: | 2024-08-02 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Stocks retreatU.S. stocks fell sharply on Thursday as weaker-than-expected jobs and manufacturing data sparked concerns about a rapid economic slowdown. The 10-year yield last traded at 3.981%, down 12.3 basis points, while the two-year yield eased to 4.156%. Looking ahead, Apple expects services to grow by about 14%. Apple CEO Tim Cook told CNBC's Steve Kovach the company has increased spending on Apple Intelligence to get it ready by fall.

Persons: Russell, Tim Cook, CNBC's Steve Kovach Organizations: New York Stock Exchange, Wall, CNBC, Dow Jones Industrial, Nasdaq, Labor Department, Institute for Supply, Treasury, U.S . Federal Reserve, Apple, Apple Intelligence, Tech, CNBC Pro Locations: New York City, Stocks

As the Fed lowers rates, mortgage rates are expected to go down. "Mortgage rates declined to their lowest level since early February," Sam Khater, Freddie Mac's chief economist, said in a press release. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-Year Fixed Mortgage Rates Barely Tick Down (-0.05%)The average 15-year mortgage rate is 5.55%, five basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: Freddie Mac, Jerome Powell, Sam Khater, Freddie Mac's, you'll, It's, refinance, they've Organizations: Reserve, Zillow, FHA Locations: Chevron

☆ Investors should buy into the market after earnings season, says Regions' McKnight
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should buy into the market after earnings season, says Regions' McKnightAlan McKnight, Regions Wealth Management CIO, joins 'Money Movers' to discuss whether investors should buy into today's market, where the earnings growth will come from, and more.

Persons: McKnight Alan McKnight Organizations: Wealth Management

☆ Consumer staples dodge sell-off
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer staples dodge sell-offKaren Finerman, Metropolitan Capital CEO, and Carter Worth, Worth Charting founder and CEO, join 'Fast Money' to discuss consumer staples as the sector managed to dodge today's market sell-off.

Persons: Karen Finerman, Carter Worth Organizations: Metropolitan Capital

☆ 3 phrases the most successful employees never use at work, from CEOs and psychologists
▼ + stars: | 2024-08-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Sometimes, what separates successful people from everyone else isn't what they say — it's what they don't say. Other sayings, like "keep me in the loop" or "just checking in," can unintentionally come across as passive-aggressive, Slack executive Jaime DeLanghe told CNBC Make It in 2022. In particular, the best employees typically steer clear from these three phrases and sayings, according to CEOs, psychologists and linguistics experts:'It is what it is'There's one phrase bosses and colleagues don't want to hear when they're facing a problem at work: "It is what it is." Using it, however, can appear highly passive to other people and tarnish their trust in you, McWhorter said. That means there's one sentence that can frustrate such CEOs: This is how we've always done it.

Persons: Duolingo, Slack, Jaime DeLanghe, John McWhorter, Bill Gates, You've, McWhorter, Cortney S, Warren, it's, Jason Buechel, Buechel, Jamie Dimon, Andy Jassy Organizations: LinkedIn, CNBC, Columbia University, Amazon, JPMorgan Chase

Keep reading to learn how to watch USA vs. Belgium free from anywhere. Below, we've outlined everything you need to know about watching Belgium vs. USA. How to watch USA vs. Belgium in the USToday's USA vs. Belgium game, in addition to the rest of the Olympics, will live stream on Peacock in the US. Check price at FuboHow to watch USA vs. Belgium in the UKUSA vs. Belgium, along with the rest of the Olympics, will live stream on Eurosport in the UK. How to watch USA vs. Belgium in AustraliaMuch of the Olympics, including USA vs. Belgium, streams through 9Now in Australia.

Persons: we've, Diana Taurasi, A'ja Wilson, Breanna Stewart, Napheesa Collier, Chelsea Gray —, Peacock, Stan Sport, ExpressVPN Organizations: Business, States women's, basketball, Belgium, USA, Japan, NBC, Peacock, Eurosport, BBC Locations: States, Belgium, USA, Germany, Paris, Australia, 9Now, Australian

☆ Cramer says the Fed's reluctance to cut rates contributed to Thursday's sell-off
▼ + stars: | 2024-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined Thursday's market action, attributing the day's brutal sell-off to the Federal Reserve's decision to hold rates steady instead of making a cut. "To me, today's terrible action in stocks was a function of the Fed not cutting rates yesterday," he said. Although Fed Chair Jerome Powell indicated a rate cut was "on the table" in September, many on Wall Street feared that would be too late. The "soft economy" is new, he added, saying last year at this time Wall Street criticized the Fed for being unable to tame inflation. "I have better things to do with my time than lambaste a Fed chief for conceivably letting the economy wither for seven more weeks," Cramer said.

Persons: CNBC's Jim Cramer, they've, Jerome Powell, Russell, Cramer, lambaste, Powell Organizations: Federal, Wall, Investors, Dow Jones, Nasdaq, Treasury, Fed

☆ How 5G connectivity has evolved at the Olympic Games
▼ + stars: | 2024-08-01 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

It's the culmination of years of fine-tuning over successive Olympic Games — as this timeline shows. The Olympic Games are perhaps the world's best-known sporting competition, broadcast to billions worldwide. Here's how 5G capabilities have progressed at the Olympic Games since 2018, starting with a small trial at the 2018 Winter Olympics in Pyeongchang, South Korea, and expanding to today's Games-wide connectivity experience. The companies jointly developed the 5G network at what organizers called "the most innovative Olympic Games ever." Beijing Winter Olympics 2022China has long been an innovator of mobile technology, and the 2022 Winter Olympics in Beijing proved no exception.

Persons: —, Markus Nispel, Mario Reis, Orange, Bertrand Rojat, Rojat Organizations: Paris, Service, Olympic, Extreme Networks, Europe, Olympic Games, today's, KT, Korea Telecom, Sync, Tokyo, Intel, NTT Docomo, Tokyo Games, Olympic Broadcasting Services, Games, Paris Olympic Locations: Paris, Africa, Pyeongchang, South Korea, Tokyo, Beijing, China, Orange

☆ Hedge funds are dusting off an old strategy to help reverse a fundraising slump, but it comes with a risk
▼ + stars: | 2024-08-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, hedge funds are dusting off an old strategy that's a unique twist on passive investing . And with the fundraising environment for hedge funds looking bleak , they'll take any help they can get. AdvertisementBut with portable alpha, hedge funds are tying themselves to something they've pledged they are better than. What happens if the hedge fund's portion of the portable alpha strategy is what pulls returns down? With competition from venture capital and private equity, hedge funds can't afford to turn their nose up at anything.

Persons: —, Tyler Le, Alex Morrell, It's, Jenny Chang, Rodriguez, Philippe, hasn't, they've, it's, duMond, Chip Somodevilla, Alyssa Powell, Harris, Jerome Powell, Powell, Tetiana Lazunova, Meta, it'll, Linda Yaccarino, Elon Musk, Kamala Harris, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Trump, DWS Group, BI, Nvidia, Twitter, Apple, Amazon, Barclays, Shell, Democratic National Committee Locations: Hollywood, London, Milan, Dubai, New York

☆ Stocks making the biggest moves premarket: Hershey, Meta Platforms, Arm Holdings, Shake Shack and more
▼ + stars: | 2024-08-01 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Hershey — Shares were down 7% in the premarket after the chocolate maker posted second-quarter results that missed analyst expectations. Amazon — Stock in the e-commerce giant were roughly 2% higher ahead of second-quarter results after the closing bell on Thursday. Shake Shack — Shares were up nearly 9% in the premarket after the burger restaurant chain posted its second-quarter results. Shake Shack also raised the lower end of its full-year revenue guidance. MGM Resorts — The casino operator declined 3% despite posting second-quarter results that beat expectations.

Persons: LSEG, Michele Buck, Shack, Meta, Teladoc, Ferrari, Robinson, — CNBC's Hakyung Kim, Yun Li, Michelle Fox, Fred Imbert Organizations: Hershey —, Moderna, Holdings, —, MGM Resorts, MGM Locations: U.S, Europe

Mortgage rates are often indirectly impacted by changes to the federal funds rate, and as the Fed starts lowering its benchmark rate, mortgage rates are expected to go down as well. This means that as long as inflation continues to ease, mortgage rates should drop further this year. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates fell to 6.07% last week, according to Freddie Mac data. Mortgage rates increased dramatically over the last two years, but they're expected to go down at some point this year.

Persons: Jerome Powell, Powell, you'll, Freddie Mac, it's Organizations: Zillow, Federal Reserve Locations: Chevron

☆ Don't let today's drop overshadow changes coming in Big Tech, says Jim Cramer
▼ + stars: | 2024-08-01 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Don't let today's drop overshadow changes coming in Big Tech, says Jim Cramer'Mad Money' host Jim Cramer looks at Meta earnings and what we are seeing in the Big Tech space right now.

Persons: Jim Cramer Organizations: Big Tech

☆ Watch Thursday's full episode of the Halftime Report — August 1, 2024
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Thursday's full episode of the Halftime Report — August 1, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Millennial Internet Is Dead; RIP Neopets, Club Penguin, and Webkinz
▼ + stars: | 2024-08-01 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +13 min

At Club Penguin, I adopted colorful pets called puffles and purchased kitsch furniture for my virtual igloo. "I was big on Club Penguin, Wizard101, Moshi Monsters, and this obscure one called Ourworld," he told me. Club Penguin, which ran from 2005 to 2017, stands out as one of the era's most beloved virtual worlds. "That same generation logged into Club Penguin to play with friends." In 2017 it shut down Club Penguin and replaced it with a mobile version, Club Penguin Island.

Persons: millennials, Gen Zers, Dylan Maleno, Lance Priebe, I'd, Jake Hahn, they're, Sara Grimes, weren't, Flappy Bird, Disney, Toontown, they've, MMOs, Roblox, Ashley Hernandez, " Hernandez, Neopets, Dominic Law, Aimee Pearcy Organizations: Penguin, Disney, University of Toronto's, of Information, Fortnite, Facebook, The New York Times Locations: Pennsylvania, Wizard101, Moshi, Illinois, Fortnite, New York City

☆ U.S. crude oil breaks $78 per barrel as fears of war between Iran and Israel grow
▼ + stars: | 2024-08-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil futures broke above $78 per barrel Thursday on fears that Israel and Iran are heading to a direct conflict after the assassination of a Hamas leader in Tehran. Iran Supreme Ayatollah Ali Khamenei has ordered a direct strike on Israel in response to the assassination of Hamas political leader Ismail Haniyeh, three Iranian officials told the New York Times. Khamenei ordered the direct strike at an emergency meeting of Iran's national security council Wednesday morning after Haniyeh was killed, the officials told The Times. Iran and Israel traded direct strikes in April, pushing oil prices to the highest point of the year, but they enemies ultimately pulled back from a full-scale war. The rising tensions come as an OPEC+ committee is meeting Thursday to review members' production quotas.

Persons: Ali Khamenei, Ismail Haniyeh, Haniyeh, Khamenei, Yemen's, Helima Croft, Croft Organizations: New York Times . West Texas, Times, Reuters, RBC Capital Markets Locations: Israel, Iran, Tehran, Iraq, Gaza

☆ The expanded child tax credit failed in the Senate. Here's what it means for families
▼ + stars: | 2024-08-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Senate Republicans on Thursday blocked legislation that would have expanded the child tax credit, a key tax break for millions of families. He said that Senate Republicans have concerns about the policy, but are willing to negotiate a "child tax credit solution that a majority of Republicans can support." If enacted, the bill would have improved access to the child tax credit and retroactively boosted the refundable portion for 2023, which could have triggered refund checks from the IRS. Eligible families could have seen an average tax cut of $680 for 2023 taxes, based on estimates from the Urban-Brookings Tax Policy Center. But expanding the child tax credit is still a "top priority for Democrats," particularly as the 2025 tax cliff approaches, he said.

Persons: Chuck Schumer, Mike Crapo, Harris, Joe Manchin, Bernie Sanders, Chuck Marr Organizations: Republicans, Senate Finance, Finance, Fed, Budget, Urban, Brookings Tax, House Republicans, Center Locations: Idaho, Sens

☆ CNBC Daily Open: Fed signals possible rate cut; Wall Street soars; oil gains as Middle East tensions rise
▼ + stars: | 2024-08-01 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

Rate cut on horizonThe Federal Reserve expectedly kept its benchmark rate steady at 5.25% to 5.50% on Wednesday, but Chairman Jerome Powell signaled the U.S. central bank could cut the rate in its September meeting. U.S. stocks rallyU.S. stocks jumped after Powell said a rate cut in September was "on the table." Oil gainsU.S. crude oil futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Japan currency interventionJapanese authorities spent 5.53 trillion yen, or $36.8 billion, to support the yen in July, official data showed. [PRO] Rate cut beneficiariesCNBC Pro screened for stocks in the S&P 500 that tend to rise the most when short-term rates start to decline.

Persons: expectedly, Jerome Powell, Powell, Ismail Haniyeh, Israel, Oil Organizations: CNBC, Nasdaq, Dow Jones, Nvidia, Devices, Boeing, Treasury, Facebook, Google, Meta, Oil, West Texas Intermediate, U.S Locations: U.S, Tehran, Iran, Israel, Beirut, Japan

☆ WSJ reporter Evan Gershkovich, ex-Marine Whelan released in U.S., Russia prisoner swap
▼ + stars: | 2024-08-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

watch nowWall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan were released Thursday by Russia as part of a major, multi-nation swap of two dozen prisoners. "All four have been imprisoned unjustly in Russia," President Joe Biden said in a televised address from the White House, where he was flanked by their family members. Eight Russians, including the spy and convicted hitman Vadim Krasikov, are being returned to Russia from the United States, Slovenia, Norway, Poland and Germany. "The deal that secured their freedom was a feat of diplomacy," Biden said in a statement released by the White House, where Biden planned to meet family members of the released Americans. U.S. President Joe Biden speaks about the release of Americans detained in Russia during brief remarks from the White House in Washington, U.S., August 1, 2024.

Persons: Evan Gershkovich, U.S . Marine Paul Whelan, Alsu Kurmasheva, Vladimir Kara, Murza, Joe Biden, Vadim Krasikov, Paul Whelan, Krasikov, Gershkovich, Whelan, Kurmasheva, Kara, Biden, we've, Jake Sullivan, " Sullivan, Nathan Howard, Reuters Gershkovich, Dieter Voronin, Kevin Lick, Rico Krieger, Patrick Schoebel, Herman Moyzhes, Ilya Yashin, Liliya, Kseniya Fadeyeva, Vadim Ostanin, Andrey Pivovarov, Oleg Orlov, Sasha Skochilenko, Artem Viktorovich Dultsev, Anna Valerevna Dultseva, Mikhail Valeryevich Mikushin, Pavel Alekseyevich Rubtsov, Roman Seleznev, Vladislav Klyushin, Vadim Konoshchenock Organizations: Wall Street, U.S . Marine, White, Biden, National, Reuters Locations: Russia, American, Russian, Turkey, United States, Slovenia, Norway, Poland, Germany, Chechen, Berlin, Washington , U.S, Moscow

☆ CNBC Daily Open: Fed signals rate cut; U.S. stocks soar; oil gains as Middle East tensions rise
▼ + stars: | 2024-08-01 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

Rate cut on horizonThe Federal Reserve expectedly kept its benchmark rate steady at 5.25% to 5.50% on Wednesday, but Chairman Jerome Powell signaled the U.S. central bank could cut the rate in its September meeting. U.S. stocks rallyU.S. stocks jumped after Powell said a rate cut in September was "on the table." Oil gainsU.S. crude oil futures rose 4% on Wednesday after Hamas political leader Ismail Haniyeh was assassinated in Tehran. Asian stocks mixedAsian markets were mixed on Thursday with Japan stocks tumbling while Australia's S&P/ASX 200 touched a new all-time high. [PRO] Rate cut beneficiariesCNBC Pro screened for stocks in the S&P 500 that tend to rise the most when short-term rates start to decline.

Persons: expectedly, Jerome Powell, Powell, Ismail Haniyeh, Israel, Oil Organizations: New York Stock Exchange, Wall, CNBC, Nasdaq, Dow Jones, Nvidia, Devices, Boeing, Treasury, Facebook, Google, Meta, Oil, West Texas Intermediate, Nikkei, Developers, Bank of, Singapore Airlines, U.S Locations: New York City, U.S, Tehran, Iran, Israel, Beirut, Japan, Shanghai

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin and ether sink more than 5% alongside broad sell-off on Wall Street: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, David Duong, head of institutional research at Coinbase, provides his market outlook as the new month begins and Valerie Kennedy, director of investigations at Chainalysis, discusses a new report on malign interference and crypto.

Persons: explainers, David Duong, Valerie Kennedy Organizations: CNBC Crypto, CNBC

We'll show you everything you need to know about how to watch Australia vs. United States free, featuring options from around the world. How to watch Australia vs. United States in the USThe Australia vs. United States game will air on Wednesday at 1 p.m. Check price at FuboHow to watch Australia vs. United States in the UKEurosport is the all-encompassing home of Olympic coverage in the UK. How to watch Australia vs. United States in AustraliaTons of coverage, including today's Australia vs. United States match, will be available through 9Now in Australia. How to watch Australia vs. United States from anywhereIf you'll be away from Australia at game time, don't worry.

Persons: we've, Peacock, Stan Sport, you'll, ExpressVPN Organizations: Business, USA, Australia, United, Zambia, Germany, Tokyo, Group, Olympic, NBC, Eurosport, BBC, Discovery, today's Australia Locations: Australia, United States, Zambia, Germany, 9Now, Australian

☆ Time to dump CDs? 6 experts share 6 investing moves to make as the Fed prepares to cut rates in September.
▼ + stars: | 2024-07-31 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Certain areas of the stock market that benefit from lower rates could see a boost. AdvertisementInstead, plug some money into longer-duration bonds to lock in higher returns while they're still around, Milan said. In addition to tying down solid returns, longer-duration bonds could also appreciate when rates fall, he said. AdvertisementLook at rate-sensitive areas of the stock marketCertain areas of the stock market should also benefit from Fed rate cuts. But investors should keep their eye on the labor market the more the Fed cuts rates, Young Thomas said.

Persons: —, Daniel Milan, they're, Ed Mahaffy, Mahaffy, Robert Phipps, Bernstein, Liz Young Thomas, Shmuel Shayowitz, Kristy Kim, Young Thomas Organizations: Service, Federal Reserve, Business, Cornerstone Financial Services, Treasury, ClientFirst Wealth Management, Corporate, Per Stirling Capital Management, Bloomberg, Bond, Index, Fed, Vanguard, ®, Schwab, Fidelity Locations: Michigan, Milan, TreasuryDirect, TomoCredit

☆ CNBC Daily Open: Tech retreats; Starbucks same-store sales decline for second straight quarter
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. Net income fell to $1.05 billion from $1.14 billion a year ago, though it met analysts' expectations.

Persons: Tamas Varga, PVM, Tom Lee Organizations: New York Stock Exchange, CNBC, Big Tech, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, West Texas Intermediate, Brent Locations: New York City, U.S, China

☆ Cruises are more expensive than ever. But a deal isn't impossible — if you have restraint
▼ + stars: | 2024-07-31 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Cruise lines were just beginning to reactivate their fleets after a tumultuous pause in operations amid the COVID-19 pandemic (remember that?). For the most part, if you want to pay that little but don't want to hunt for a deal, you're better off sticking with Carnival Cruise Line. Your budget vacation might not be so budget-friendly once onboardMass-market cruise lines have increasingly added pricey pay-to-play amenities to their new ships. The 22-year-old vessel is scheduled for many of the cruise line's cheapest-per-day itineraries this year. Carnival Cruise LineAnd while its mini-golf course, shows, and waterslide are free, you'll have to pay extra for the arcade games or to participate in the "Build-A-Bear Workshop at Sea" or "Deal or No Deal" programs.

Persons: —, Brittany Chang, let's, Tynan Smith, Tyanan Smith, Cruise, Carnival's, Josh Weinstein Organizations: Service, Carnival Corp, Royal Caribbean Group, Business, Cruise, Royal, Holland America, WiFi Locations: Holland America, Royal Caribbean, Firenze

☆ CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks' same-store sales decline
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. The South Korean tech giant said sales of high-end memory chips used in servers will continue to be strong.

Organizations: CNBC, New York Stock Exchange, New York City . Bank of Japan, U.S . Federal, Bank of, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, Bank of Japan, Nikkei, Seng, Samsung, Samsung Electronics, Revenue, South, Reading, Fed Stock, Federal Reserve Locations: New York City, Bank of Japan, U.S, China, Shanghai

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