Today: September 19, 2024
Today: September 19, 2024

Earnings

Business

M&T Bank's profit plunges on FDIC fee-related expense, costly deposits

M&T Bank's fourth-quarter profit plummeted 37% on Thursday, due to higher deposit costs and a special assessment fee the lender has to pay to refill a government deposit insurance fund The

M&T Bank's profit plunges on FDIC fee-related expense, costly deposits
Business

US bank profits shrink on higher deposit costs, one-time charges

Several U.S. banks reported a plunge in fourth-quarter profits on Thursday, hurt by a drop in interest income and charges tied to replenishing a deposit insurance fund.

US bank profits shrink on higher deposit costs, one-time charges
Business

Coatings maker PPG Industries beats fourth-quarter profit estimates

PPG Industries beat Wall Street estimates for fourth-quarter profit on Thursday, as the industrial coatings maker benefited from increased sales of vehicles as well as strength in its

Coatings maker PPG Industries beats fourth-quarter profit estimates
Business

Super Micro Computer shares surge as AI server demand powers big forecast raise

Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to strong

Super Micro Computer shares surge as AI server demand powers big forecast raise
Business

ADM shares tumble on CFO probe, profit forecast cut

Shares of Archer-Daniels-Midland tumbled 12% in premarket trading on Monday after the company placed its CFO Vikram Luthar on administrative leave for an investigation and cut its full-

ADM shares tumble on CFO probe, profit forecast cut
Economy

Marketmind: Big Tech reports, China gets a grip, BOJ calm

A look at the day ahead in U.S. and global markets from Mike Dolan With Wall St stocks surfing record highs, Tuesday sees Netflix kick off a couple of weeks of Big Tech earnings updates stateside -

Marketmind: Big Tech reports, China gets a grip, BOJ calm
Business

J&J profit edges past Street view after deals delay Stelara competition

Johnson & Johnson on Tuesday reported quarterly results just above Wall Street expectations, helped by strong sales of its blockbuster psoriasis drug

J&J profit edges past Street view after deals delay Stelara competition
Business

Megacap US tech results pivotal for market that is at record highs

Wall Street's run-up to record highs will be put to the test in the coming weeks as heavily weighted U.S. technology-related companies open their books on

Megacap US tech results pivotal for market that is at record highs
Economy

Stocks climb on positive tech earnings, China rescue report

Global shares rose on Wednesday, fuelled by positive tech earnings and optimism Chinese authorities will offer support to its stock

Stocks climb on positive tech earnings, China rescue report
Business

Weaker fuel prices, outages to hit US refiners' fourth quarter profits

U.S. oil refiners are expected to report another quarter of lower earnings versus year-ago levels due to weaker fuel prices and after a proliferation of plant outages,

Weaker fuel prices, outages to hit US refiners' fourth quarter profits
Business

Ameriprise Financial's Q4 profit rises as fees, AUM climb

Ameriprise Financial reported a rise in fourth-quarter adjusted profit on Wednesday, as the financial adviser benefited from higher fees and assets under management.

Ameriprise Financial's Q4 profit rises as fees, AUM climb
Economy

Marketmind: Tesla pothole as ECB and GDP awaited

A look at the day ahead in U.S. and global markets from Mike Dolan Tesla, the first of the so-called 'Magnificent Seven' U.S. megacap stocks to report fourth-quarter earnings, hit a another pothole

Marketmind: Tesla pothole as ECB and GDP awaited
Business

Dow beats fourth-quarter profit estimates

Chemicals maker Dow beat Wall Street estimates for fourth-quarter profit on Thursday, helped by a pick-up in product sales volumes.

Dow beats fourth-quarter profit estimates
Business

Alaska Air posts Q4 loss on higher expenses

Alaska Air Group, the operator of the Boeing plane that suffered a mid-air incident earlier this month, said on Thursday that it swung to a fourth-quarter loss, from a year-ago profit,

Alaska Air posts Q4 loss on higher expenses
Business

American Airlines forecasts 2024 profit largely above estimates

American Airlines Group forecast 2024 profit largely above Wall Street expectations on Thursday as the carrier benefits from strong demand for international travel.

American Airlines forecasts 2024 profit largely above estimates
Business

Blackstone's fourth-quarter earnings rise 4% as asset sales pick up

Blackstone Inc reported a 4% rise in its fourth-quarter distributable earnings on Thursday, as the world's largest private equity firm cashed out on more of its

Blackstone's fourth-quarter earnings rise 4% as asset sales pick up
Business

Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes

McCormick on Thursday forecast its annual sales and profit below Wall Street estimates, hit by lower sales volumes as consumers traded down to cheaper private label alternatives for spices

Hot sauce maker McCormick forecasts weak 2024 on falling sales volumes
Business

Union Pacific beats Q4 profit estimates on strong pricing, volume gains

Railroad operator Union Pacific beat estimates for fourth-quarter profit on Thursday on price hikes and volume gains.

Union Pacific beats Q4 profit estimates on strong pricing, volume gains
Business|Economy|Health

Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast

Humana surprised Wall Street again on Thursday with a lower-than-expected earnings forecast, as insurers that sell Medicare Advantage plans continue to struggle with rising care costs

Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast
Business

T-Mobile forecasts annual subscriber growth above estimates

Wireless carrier T-Mobile US on Thursday forecast monthly bill-paying phone subscriber growth for the year above estimates, banking on its wide 5G coverage and promotional offers to draw

T-Mobile forecasts annual subscriber growth above estimates
Business

Chipmaker Intel forecasts quarterly revenue below estimates

Intel forecast quarterly revenue below market estimates on Thursday as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets.

Chipmaker Intel forecasts quarterly revenue below estimates
Business

Capital One's profit drops on higher credit loss provisions, FDIC charge

Capital One Financial posted a 43% drop in its fourth-quarter profit on Thursday, as the credit card lender set aside more funds to cover souring loans and recorded a charge related to

Capital One's profit drops on higher credit loss provisions, FDIC charge
Business

Western Digital Corp posts wider Q2 loss, sees impact of structural changes

Data storage products maker Western Digital Corp posted a wider-than-expected quarterly adjusted loss on Thursday, due to the impact of structural changes the company implemented in its

Western Digital Corp posts wider Q2 loss, sees impact of structural changes
Business

Weyerhaeuser adjusted profit chipped by tepid wood products sales

U.S. timber company Weyerhaeuser posted a lower adjusted profit on Thursday, hit by weakness in its wood products business.

Weyerhaeuser adjusted profit chipped by tepid wood products sales
Economy

Fed, earnings and economic data to test U.S. stocks at record highs

The U.S. stock market’s strong start to the year faces a major test next week in a stretch packed with big tech earnings, the Federal Reserve’s monetary policy

Fed, earnings and economic data to test U.S. stocks at record highs

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