Fast-growing pizza-makers like 800 Degrees and Carbone Restaurant Group have ordered $580 million in Piestro’s fully-automated pizza kiosks so far. JetBlue has agreed to buy Spirit Airlines for $3.8 billion in a deal that would create the nation’s fifth largest airline if approved by U.S. regulators. The agreement Thursday comes a day after Spirit’s attempt to merge with Frontier Airlines fell apart.

Alphabet Inc. (GOOGL $113), the parent of Google, posted Q2 EPS of $1.21, below the expected $1.27, as revenues grew 13.0% y/y to $69.7 billion, missing the $69.8 billion estimate. Traffic acquisition costs came in below forecasts, and it said search and cloud revenues drove its Q2 results, but its YouTube ad revenue was below projections. GOOGL traded higher as the Street seemed to cheer its search results. © 2022 NextAdvisor, LLC A Red Ventures Company All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use, Privacy Policy and California Do Not Sell My Personal Information.

Meta Earnings

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  • A Chinese official accused some U.S. lawmakers of having “Chinaphobia” on Wednesday after a U.S.
  • Early Thursday,Merck and Pfizer beat views, with Merck raising its full-year sales target and Pfizer lifting the low end of its EPS forecast.
  • The company noted its pricing power–the ability to adjust prices–helped offset the increase in food, beverage and packaging costs caused by inflation. Additionally, Chipotle saw an increase in purchase frequency from its main customers, who are higher household income consumers, while the frequency from lower income households slowed down. The company also reaffirmed its outlook for Q3, stating that it expects comparable restaurant sales growth, and planned price rate increases in August, to come in around the Forex mid to high-single digits. Dow component Boeing Company (BA $156) reported an adjusted Q2 loss of $0.37 per share, larger than the $0.13 per share shortfall that was expected, with revenues declining 2.0% y/y to $16.7 billion, south of the forecasted $17.6 billion. The company said its results were driven by lower defense volume and unfavorable performance, partially offset by higher commercial volume. Remember, investments easily outpace inflation over time— even with the normal ups and downs of the market.

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    But human nature being what it is, “the prior gains may have felt permanent, so the recent losses are no less painful.” “Anybody who has to retire when the market is down is in a bad position,” Munnell said. Have lost about $1.4 trillion from their accounts since the end of 2021. People with IRAs — most of which are 401 rollovers — have lost $2 trillion this year.

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    Attal was the former chief marketing officer at Chewy, and oversaw its rapid expansion from three people to more than 10,000 employees. Grube was the formerly the chief financial officer at Chewy, among other executive roles in the e-commerce space. Cohen is the founder and former chief executive of the e-commerce platform Chewy and one of the largest shareholders in GameStop through the private firm he operates, RC Ventures. The Investment Adviser Information Reports’ data is collected from electronic submissions of Form ADV by investment adviser firms to the Investment Adviser Registration Depository system. The dollar rose after three straight sessions of declines ahead of the Fed meeting, while concerns over the possibility of another Russian gas supply cut weighed on the euro. Article