By Marco Piccolo Key highlights: Chipotle stock plunged over 18% after cutting its full-year same-store sales outlook for the third consecutive quarter. Economic pressure and declining traffic, especially among Gen Z and millennial consumers, are weighing on performance. The company plans to boost marketing, digital innovation, and international expansion to recover momentum. Economic headwinds pressure […]
Tag: ICF
By Marco Piccolo Key highlights: PayPal (PYPL) shares soared nearly 15% in premarket trading Tuesday after unveiling a partnership with OpenAI and posting stronger-than-expected Q3 earnings. The deal will integrate PayPal’s digital wallet into ChatGPT, using the Agentic Commerce Protocol (ACP) co-developed by OpenAI and Stripe. Q3 EPS: $1.34 vs. $1.21 expected; Revenue: $8.42B vs. […]
By Marco Piccolo Key highlights: Amazon is preparing to lay off as many as 30,000 white-collar employees, or roughly 10% of its corporate workforce. The move is part of CEO Andy Jassy’s cost-cutting push and growing focus on AI-driven efficiency. Wedbush raised its price target for AMZN to $280 ahead of Thursday’s earnings call, projecting […]