Check out the companies making headlines in midday trading. Shake Shack – The stock gained more than 15% after the burger chain’s revenue topped estimates. Shake Shack earned 27 cents per share, excluding items, on revenue of $316 million, above the LSEG estimate of $314 million. Shake Shack also narrowed…

Stocks tumbled Thursday after fresh data stoked fears that the US economy is weakening as interest rates stay at a 23-year high. The Dow slid 566 points, or 1.4% by midday Thursday. The S&P 500 lost 1.3% and the Nasdaq Composite fell 2%. New economic data revealed that first-time applications…

Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Ryan Crowe – Senior Vice President, Investor Relations and Strategic AnalysisLeonard Schleifer – Board Co-Chair, Co-Founder, President and Chief Executive OfficerGeorge Yancopoulos – Board Co-Chair, Co-Founder, President and Chief Scientific OfficerMarion McCourt -…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former CNN anchor Don Lemon has sued Elon Musk and X after the social media platform abruptly cancelled his content deal following a spat earlier this year. In a lawsuit filed in a…

A New York appeals court has rejected Donald Trump’s attempt to lift a gag order that continues to restrict his public statements in the wake of his New York criminal conviction. As it stands, the gag order bars Trump from publicly discussing the prosecutors, court staff and their families. In the…

One of the most commonly quoted pieces of investment advice (or cliché) is you want to buy low and sell high. It’s as simplistic, as it’s unhelpful. Despite the obviousness of the advice, there’s only one proven way to do this consistently: through a tactic called rebalancing. It’s an important…

Between commission fees and moving costs, home sellers said they spent more than expected to secure a home sale this year, according to a Clever Real Estate survey. On average, sellers spent $54,616 to sell their homes, with 42% reporting that the costs exceeded their expectations, the survey said. The…

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Check out the companies making headlines in midday trading: Pinterest — Shares tumbled 12% after the social media company’s forward guidance came in below estimates. The company issued third-quarter revenue guidance in a range between $885 million and $900 million, below the $908.6 million consensus estimate analysts polled by FactSet…

Private job growth slowed further in July while the pace of wage gains hit a three-year low, payrolls processing firm ADP reported Wednesday.Companies added just 122,000 jobs on the month, the slowest pace since January and below the upwardly revised 155,000 in June. Economists surveyed by Dow Jones had been…