Microsoft Surface keynote coming at the end of next month
Microsoft (MSFT) is set to hold a Surface keynote during its annual “Future Decoded” event in London October 31 and November 1, according to The Verge. The tech giant will reportedly unveil “at least one” new device. Likely candidates include a new Surface book or a new Surface Hub.
McDonald’s revamps McCafe menu with new drinks
The fast-food chain is revamping McCafe with a new look and specialty drinks, including caramel macchiato, cappuccino and Americano. McDonald’s (MCD) also announced that it’s partnering with Coca-Cola to sell McCafé Frappé drinks in supermarkets starting next year. McDonald’s stock hit an all-time high of $160.20 a share on Friday.
Travel stocks sink after Trivago profit warning
Shares of Priceline (PCLN), TripAdvisor (TRIP) and Expedia (EXPE) are under pressure after German hotel search platform, Trivago (TRVG), issued a profit warning. The company cut its guidance and now expects annual revenue growth to be around 40%, down from its previous forecast of 50% growth. Trivago executives blamed its lowered forecast on revenue per qualified referral and said its impact has been “more significant than previously expected.” Trivago shares are down 15% as of 12:30 p.m. ET Wednesday.
T-Mobile adds Netflix for free
T-Mobile (TMUS) is adding Netflix to its T-Mobile One family plans at no extra charge. The free subscription applies to T-Mobile One plans with at least two voice lines. T-Mobile president and CEO John Legere said, “While the carriers spend billions on their franken-strategies to cobble together carrier–cable–content mashups, the Un-carrier just leapfrogged them all by partnering with the best and giving it to customers at no extra charge. Because that’s what we always do. Give more to you without asking more from you.”
For more on Wednesday’s big stock movers and breaking news after the bell, check out The Final Round, starting at 3:55 p.m. ET, on Yahoo Finance.