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  • Dec 19, 2024

Darden Restaurants Stock Gains After Q2 Earnings Beat Estimates, Sales Jump 6%

Darden Restaurants, Inc. (NYSE:DRI) shares are trading higher in the premarket session on Thursday. The company reported that the second quarter adjusted earnings per share was $2.03, beating the street view of $2.02. Quarterly sales of $2.89 billion missed the analyst consensus estimate of $2.899 billion. Total sales increased 6%, driven by a blended same-restaurant sales increase of 2.4% and sales from the addition of 103 Chuy’s restaurants and 39 net new restaurants. Olive Garden same-restaur

  • Dec 19, 2024

US applications for unemployment benefits come back down after last week's big rise

The number of Americans applying for unemployment benefits fell markedly last week following a big increase the week before. Jobless claim applications declined by 22,000 to 220,000 for the week of Dec. 14, the Labor Department reported Thursday. Continuing claims, the total number of Americans collecting jobless benefits, fell by 5,000 to 1.87 million for the week of Dec. 7.

  • Dec 19, 2024

How To Earn $500 A Month From Nike Stock Ahead Of Q2 Earnings

Nike, Inc (NYSE:NKE) will release earnings for its second quarter, after the closing bell on Thursday, Dec. 19. Analysts expect the Beaverton, Oregon-based company to report quarterly earnings at 63 cents per share, down from $1.03 per share in the year-ago period. Nike projects to report quarterly revenue of $12.11 billion, compared to $13.39 billion a year earlier, according to data from Benzinga Pro. With the recent buzz around Nike ahead of quarterly earnings, some investors are eyeing poten

  • Dec 19, 2024

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product — the economy's output of goods and services — accelerated from the April-July rate of 3% and continued to look sturdy despite high interest rates, the Commerce Department said Thursday. Consumer spending, which accounts for about two-thirds of U.S. economic activity, expanded at a 3.7% pace, fastest since the first quarter of 2023 and an uptick from Commerce’s previous third-quarter estimate of 3.5%.

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