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.
A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023.Vincent Alban | ReutersHoliday...
Check out the companies making headlines in midday trading. Spirit Airlines , JetBlue Airways — Spirit Airlines and JetBlue Airways respectively slid 22% and 8% a day after a federal judge blocked JetBlue's proposed $3.8 billion acquisition of Spirit. Following the ruling, Bank of America downgraded Spirit to an...
Argentinian payments infrastructure startup Pomelo has raised $40 million in a Series B round of funding. The Buenos Aires-based company started in 2021 with the goal of giving fintechs and embedded finance players a way to launch virtual accounts and issue prepaid and credit cards via compliant onboarding processes. Pomelo went live...
JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022.Joe Raedle | Getty Images News | Getty ImagesShares of Spirit Airlines fell about 23% Wednesday, its second day of double-digit losses, after a judge blocked its...
