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.
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company's cloud Intelligence and e-commerce segments.The Chinese tech giant's shares soared as much...
Texas Roadhouse reported a top and bottom line beat in its fourth quarter with strong comparable sales growth and margin improvement. Although the first seven weeks of the first quarter are off to a noisy start due to inclement weather, this short-term headwind creates a long-term opportunity. Revenue in...
Rivian Automotive beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit — a target closely watched by investors — but is forecasting lower sales in 2025.The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses,...
Check out the companies making headlines after the bell : Booking Holdings — The online travel company jumped 3% after fourth-quarter results surpassed analysts' expectations. Adjusted earnings came in at $41.55 per share and revenue clocked in at $5.47 billion. Analysts were looking for $36.03 per share in earnings...
Jack Dorsey, CEO of Square, speaks on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021.Joe Raedle | Getty ImagesBlock reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock...
Check out the companies making headlines in midday trading: Palantir — The technology stock tumbled 11.9%, on track for its worst day since May . The stock is also on pace to see back-to-back losses of 10% or more for the first time ever. Shares took a hit after...
The Hasbro, Inc. logo is seen on a toy for sale in a store in Manhattan, New York, U.S.Andrew Kelly | ReutersToy and gaming giant Hasbro took an optimistic tone Thursday on the potential impact of Chinese tariffs on its business, as executives said the company is shifting manufacturing...
