On Wednesday, the U.S. Federal Reserve decided not to raise interest rates. The bank hinted it is on pace to raise interest rates two more times in 2018. This was the first meeting among U.S. central bankers since President Trump criticized the Fed on monetary policy.
Shares of Tesla Inc. (Nasdaq: TSLA) rallied more than 9.3% Thursday morning after the auto company reported earnings yesterday afternoon. Even though Tesla reported its largest quarterly loss in its history, CEO Elon Musk said that the company was on pace to report profitable third and fourth quarters. The firm reported an earnings per share loss of -$3.06 on $4 billion in revenue. Analysts projected an average loss of -$2.92 on top of $3.92 billion in revenue.
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Starbucks Corp. (Nasdaq: SBUX) is on the move. The coffee giant has announced that it will launch a trial project in China with Alibaba Group Holding Ltd. (NYSE: BABA) to test the delivery of coffee.
Shares of DowDuPontInc. (NYSE: DWDP) pushed higher after the firm topped both earnings and revenue expectations before the bell. The firm also said that its merger of Dow and DuPont has produced cost savings of roughly $900 million.
Look for additional earnings reports from GoPro Inc. (Nasdaq: GPRO), Activision Blizzard Inc. (Nasdaq: ATVI), Tableau Software Inc. (NYSE: DATA), Yum! Brands Inc. (NYSE: YUM), Shake Shack Inc. (NYSE: SHAK), and MGM Resorts International (NYSE: MGM).