According to data from IDC, Apple (AAPL) is falling behind competitors in global smartphone sales with iPhone shipments estimated to only increase by 0.4% in 2024.

Starbucks (SBUX) corporate employees will only get 60% of their bonuses due to the coffee chain's poor financial performance this last fiscal year, as reported by Bloomberg.

Urban Outfitters (URBN) shares surge higher Wednesday morning after its third quarter beat on earnings estimates. Citi is upgrading the stock to Buy.

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This post was written by Luke Carberry Mogan.