Caterpillar Drops, Starbucks Tumbles, Snap Drops on Ad Warning
On this episode of Stock Movers:- Caterpillar (CAT) shares fall after the company said it expects slightly lower sales this year if Trump administration tariffs remain in place and the economy dips into a recession in the second half. Caterpillar said it expects an additional cost headwind of $250 million to $350 million in the second quarter from tariffs, “net of initial mitigation actions and cost controls.”- Starbucks (SBUX) shares fall after the company said same-store sales declined 1% in the quarter ended March 30, missing Wall Street estimates, and earnings per share also…
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