Wells Fargo on Friday morning reported a mixed first quarter with misses across key revenue lines, offset by lower expenses and better provisions. While the economic outlook remains cloudy due to tariffs and trade wars, we're willing to look through these results because of a key catalyst on the...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Wall Street's wild week: Stocks rallied Friday as investors tracked the latest developments in the U.S.-China trade war. The White...
These are the stocks posting the largest moves in midday trading.
BlackRock's first-quarter earnings on Friday reaffirmed our investment in the stock, despite a choppy operating environment out of the asset management giant's control. Revenue in the first quarter rose 11.6% year over year to $5.28 billion, missing the $5.34 billion estimate, according to LSEG. Adjusted earnings per share (EPS)...
People shop in Bayonne, New Jersey on April 8, 2025. Charly Triballeau | Afp | Getty ImagesConsumer sentiment grew even worse than expected in April as the expected inflation level hit its highest since 1981, a closely watched University of Michigan survey showed Friday.The survey's mid-month reading on consumer sentiment...
Minneapolis Federal Reserve President Neel Kashkari said Friday that recent market trends show investors are moving away from the U.S. as the safest place to invest while President Donald Trump's trade war escalates.With Treasury yields rising and the U.S. dollar sagging against its global counterparts in recent days, the...
A Wells Fargo Bank branch is seen in New York City on March 17, 2020.Jeenah Moon | ReutersWells Fargo on Friday reported an increase in quarterly earnings on the back of stable income from investment banking and wealth management.Here's what the bank reported for the first quarter compared with...
Wholesale prices unexpectedly fell in March, setting up a favorable inflation backdrop as President Donald Trump began intensifying tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Friday.The producer price index, considered a leading indicator for pipeline inflation pressures, declined a seasonally adjusted 0.4% for the month,...
Check out the companies making headlines before the bell. JPMorgan Chase – Shares rose more than 2% after the bank's revenue for the first quarter topped Wall Street's estimates. JPMorgan posted revenue for the period of $46.01 billion, above the $44.11 billion that analysts surveyed by LSEG were expecting....
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty ImagesMorgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global volatility.Here's what the company reported:Earnings: $2.60 a share...
Every weekday, the CNBC Investing...
These are the stocks posting...
Wells Fargo on Friday morning...
Every weekday, the CNBC Investing...
These are the stocks posting...
Wells Fargo on Friday morning...
Every weekday, the CNBC Investing...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
No two ways about it, the retirement crisis is coming. And while lifetime income solutions like annuities may not solve the entire problem, they certainly won’t hurt. An estimated 40.6% of all U.S. households headed by someone aged 35 to 64 are projected to run short of money during retirement,...
The Securities and Exchange Commission on Tuesday barred a former broker, Steven K. Woodard, who was based in Hawaii and allegedly preyed on members of his church in a $6 million scam. The SEC’s action against Woodard, 63, comes just days after it charged Brent Seaman of Naples, Florida,...
A class at Princeton University in New Jersey.Princeton University, Office of CommunicationsWhen it comes to elite college admissions, most expert agree: The Supreme Court's ruling on the affirmative action admission policies of Harvard University and the University of North Carolina could have an immediate effect on who gets in and why.That may...
Recently, Scientific Financial Systems’ founder Peter Millington participated in a timely one hour webinar on leveraging the power of Snowflake’s Snowpark for Python, with an emphasis on applications in Financial Analytics.Sharing the stage with Pete for this event were:Kesav Rayaprolu, Snowflake Sr, OSI Sales EngineerSumit Bhatia, Kipi.bi SVP. Kipi...
Sinking Spring, PA - April 19: The sign at the McDonald's restaurant on Penn Ave in Sinking Spring, PA April 19, 2021 with a message on a board below it that reads "Work Here $15 $15 $15". (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)Medianews Group/reading Eagle Via...
The student loan debt crisis is so significant that a broad array of employers consider student loan assistance a substantial value-add to their employee offerings. Student loan repayment assistance is now becoming a priority for many employers because of the looming expiration of federal student loan forbearance enacted during...
Traders work on the floor of the New York Stock Exchange, June 29, 2023.Brendan McDermid | ReutersGlobal stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top economists say there is nothing to worry about.Fitch announced late on Tuesday that...
