Starbucks Rings Up Record Sales as Consumers Splurge on Complex Coffee Drinks

The company reported record sales from its elaborate coffee drinks, but said that employee wage increases and investments in its cafes dragged down profit. 


 
Pfizer CEO: Damaged Plant Could Lead to Shortages

A powerful tornado last month flattened a warehouse at the drug maker's Rocky Mount, North Carolina facility, and destroyed the plant's utilities. 


 
Meta Platforms Begins Blocking News for Canadian Users

The Facebook parent says the changes-in response to legislation aimed at compensating domestic media-will take weeks to roll out. 


 
Pinterest shares fall as revenue, earnings benefit from ads and user engagement increase

Shares of Pinterest bounced around in extended trading Tuesday after the company reported quarterly results that topped analyst revenue and earnings estimates. 


 
AMD Stock Jumps on 'Strong Progress' on AI Semiconductors

The chip maker's revenue came in at $5.36 billion for the period, slightly above analysts' expectations of $5.3 billion. 


 
Yellow's Shutdown Could Cost Taxpayers Money

Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by selling assets. 


 
Bed Bath & Beyond Is Back

Furniture seller Overstock rebranded and launched the housewares website. 


 
Ford resumes electric F-150 production, says price cuts led to 'sixfold' jump in orders

Ford Motor Co. said Tuesday that the factory that makes the F-150 Lightning has resumed production after an overhaul, and that recent price cuts on the electric pickup truck have led to a jump in orders. 


 
SeaWorld Attracts Fewer Visitors as Heat Waves Roil Theme Parks

SeaWorld warned that attendance fell in the second quarter, as the scorching summer heat kept some visitors away from its theme parks. 


 
Pfizer Misses Revenue Expectations, Bets on Drug Launches to Ease Shortfall

The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said.


(END) Dow Jones Newswires

08-01-23 2115ET