Starbucks shares jump after Elliot Investment Management buys big stake in coffee giant
Shares of the coffee chain surged in late trading on Friday after activist investor Elliott Investment Management reportedly has a sizable position in Starbucks. Elliott is reportedly pressuring Starbucks, which has been criticized for its long wait times, to find new ways to boost its stock price. The Wall Street Journal was first to report […]
Morgan Stanley’s profit jumps as investment banking recovers
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Morgan Stanley’s second-quarter profit rose as its investment-banking business recovered on strength in equity and debt underwriting. The bank’s shares were still down 2% in choppy pre-market trading as asset management revenue rose […]
Democrats press ground game advantage with huge investment in swing states
The Democratic National Committee counterprogrammed Day 1 of the Republican National Convention with an announcement of its own. Democrats are investing $15 million in swing-state Democratic parties to set up field offices and apply more pressure to a Republican Party that has gone light on ensuring there is a ground presence to stir up voters. […]