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.
Nikola TRE FCEV2Courtesy: NikolaElectric truck maker Nikola said Thursday that it has received nearly 300 orders for its new hydrogen fuel cell semitruck – but it's facing what will be a costly recall of its earlier battery-electric trucks.Nikola recalled all of its Tre battery-electric trucks, 209 in total, in...
Construction workers at a project in the Upper East Side neighborhood of Manhattan, NY on Oct. 6th, 2023. Adam Jeffery | CNBCThe cost of labor unexpectedly declined in the third quarter, providing at least some relief on the inflation front, the Labor Department reported Thursday.Unit labor costs, a measure of...
Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product, and unveiled plans to scale back production of the shot. Moderna's total revenue for the period topped Wall Street's expectations, even...
Alain Jocard | AFP | Getty ImagesAmazon is unveiling its first buy now, pay later checkout option for the millions of small business owners that use its online store, CNBC learned exclusively.The tech giant plans to announce Thursday that its partnership with Affirm is expanding to include Amazon Business,...
Berkshire Hathaway 's shares are trading at a significant discount, offering investors a buying opportunity ahead of the conglomerate's earnings report, according CFRA. Catherine Seifert, CFRA's Berkshire analyst, noted that Berkshire's Class B shares trade at 17 times her 2025 operating EPS estimate of $19.95 and at 18 times...
Check out the companies making headlines before the bell. Starbucks — Shares of the coffee giant jumped 5.6% after Starbucks' quarterly earnings and revenue exceeded analysts' expectations. The company's same-store sales also rose by 8%, driven by higher average checks and a 3% increase in customer traffic to Starbucks...
Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.Cristina Arias | Cover | Getty ImagesEli Lilly on Thursday reported third-quarter revenue and adjusted earnings that topped estimates on strong demand for its diabetes drug Mounjaro, but slashed its full-year profit guidance due to charges primarily related to...
