Business News

(Bloomberg) -- More companies are flagging concerns over the looming threat of an economic slowdown this earnings season, striking a cautious tone. At just over the half-way mark of the reporting period, “weak demand” is among the top trending phrases on earnings calls, according to a Bloomberg analysis of transcripts for the S&P 500 and the Stoxx Europe 600 benchmarks. If the pace of mentions holds for the next few weeks, it would be the most on record, according to data compiled by Bloomberg going back to 2000. From consumer-facing companies to technology and industrial firms, quarterly reports are reflecting deeper worries ranging from slowing demand to the impact of inflation and higher interest rates on increasingly...

A woman wearing a protective mask walks past a couple eating at a McDonald's. McDonald's (MCD) beat earnings estimates for the third quarter as higher menu prices boosted sales growth. Global systemwide sales — which include sales at company-owned and franchised restaurants — increased 11%. Same-store sales jumped 8.8%, higher than analysts' estimates of 7.79%, per Bloomberg consensus data. Revenue jumped 14% year over year to $6.69 billion, higher than estimates of $6.52 billion. Adjusted earnings per share came in at $3.19, up 19% from last year. “The macroeconomic environment is unfolding in line with our expectations for the year, and we continued to deliver convenience and value for our customers," CEO and president Chris...

Traders work on the floor of the NYSE in New York NEW YORK (Reuters) - Wall Street rallied on Monday, kicking off what promises to be a hectic week that includes a heavy earnings docket, economic data and the Federal Reserve's two-day monetary policy meeting. All three major U.S. stock indexes closed up more than 1%, bouncing back from the previous week's sell-off. Interest rate sensitive megacap stocks, led by Microsoft Corp, Amazon.com, and Apple Inc provided the most upside muscle. "Today is an earnings rebound," said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. "The market got oversold, and the reality is that earnings have been pretty good, the U.S. economy continues to chug along, and is likely...