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Markets and investing
The firm maintained its Buy rating but reduced its target from $200, saying recent growth figures were not enough to support Shopify’s premium valuation.
Markets and investing
Yum! Brands reported adjusted earnings of $1.56 per share, ahead of consensus, while revenue fell short of expectations. Taco Bell same-store sales dropped 4%, and companywide same-store sales were flat.
Markets and investing
Pfizer reported adjusted earnings per share of $0.87 and revenue of $16.60 billion for the third quarter of 2026, both above consensus. The company raised its full-year outlook, while questions remain about future earnings, acquisitions and upcoming pipeline milestones.
Markets and investing
JPMorgan Asset Management’s Bob Michele has urged Treasury Secretary Scott Bessent to eliminate the 20-year bond.