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 Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania.Paul Weaver | Lightrocket | Getty ImagesWalmart will report its latest quarterly earnings before the bell on Thursday, as investors try to parse whether softer retail sales in January were a blip or a bigger warning...
Fintech Varo has been hoping to raise a $55 million Series G round but has, so far, closed on $29 million to date, according to a recent SEC filing. Varo declined to comment on this new round but the fintech has raised just over $1 billion in funding since its...
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCCarvana topped Wall Street's top- and bottom-line expectations for the fourth quarter while guiding for another "strong" year in 2025.Carvana, as it has in the past, gave a broad guidance outlook for this year that includes growth...
Check out the companies making headlines in after-hours trading. Klaviyo – The software company surged almost 6% after fourth-quarter results topped Wall Street expectations. Klaviyo posted adjusted earnings of 7 cents per share on $270 million in revenue, above the 6 cents per share and $257 million in revenue...
Apple will need to hike prices by around 9% to mitigate the impact of tariffs put into place by President Donald Trump, according to Bank of America. The firm projected that the tech giant will have to increase prices on iPhones, iPads and other products by that amount, with...
Check out the companies making headlines in midday trading: Analog Devices — Shares gained 8% after the semiconductor manufacturing company beat earnings and revenue expectations and management signaled a "return to growth" for the 2025 fiscal year. Analog Devices reported adjusted earnings of $1.63 per share on revenue of...
U.S. President Donald Trump speaks next to Elon Musk and X Æ A-12, Musk's son, in the Oval Office of the White House in Washington, D.C., U.S., February 11, 2025. Kevin Lamarque | ReutersElon Musk on Tuesday said he's going to touch base with President Donald Trump on a proposal...
