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We trimmed our Wells Fargo price target after mixed earnings. But that’s not the whole
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…
Wells Fargo reports stronger-than-expected earnings, CEO calls for ‘timely’ trade
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…
JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to…
Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | ReutersPresident Donald Trump's tariffs aren't the only presidential policy…
Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast
Delta Air Lines won't expand flying in the second half of the year because of disappointing bookings amid President Donald Trump's shifting trade policies, which CEO Ed Bastian called "the wrong approach."Delta on Wednesday forecast its…
Walgreens tops estimates as drugstore chain cuts costs, prepares to go private
Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private.The company is in the process of being taken private by…
Stocks are falling but are they getting any cheaper? It’s hard to say right now
Stocks are getting clobbered since President Donald Trump announced new tariffs last Wednesday. The problem for investors in search of bargains: It's hard to know which names are actually on sale. The standard way to value stocks is a…
Cramer’s week ahead: Banks kick off critical earnings season
After President Donald Trump's new tariffs crushed global stocks for a second consecutive day, CNBC's Jim Cramer said next week's earnings reports will provide a first look at how CEOs are dealing with the fallout.Big bank earnings…
Xiaomi delivers record cars in March as winners emerge in China’s EV race
A Xiaomi store in Shanghai, China, on March 16, 2025.Qilai Shen/Bloomberg | Bloomberg | Getty ImagesChinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their…
Rivian reports sharp fall in quarterly deliveries as soft demand bites
People look at Rivian electric trucks at the auto maker's newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City.Spencer Platt | Getty ImagesRivian reported a 36% decline in first-quarter…