Business

Seen through the branches of trees in Ruskin Park are the lit porches of terraced period homes and in the distance, the growing development at Nine Elms, on 14th May 2024, in London, England. Richard Baker | In Pictures | Getty ImagesLONDON…

Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley said second-quarter profit and revenue topped…

CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled "Annual Oversight of Wall Street Firms,"…

Pedestrians walk past a German luxury fashion house Hugo Boss store in Shenzhen Bao'an International Airport.Alex Tai | SOPA Images | LightRocket | Getty Images)Hugo Boss shares plunged as much as 10% Tuesday after the company cut its sales…

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates.Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works…

Federal Reserve Chairman Jerome Powell is set to address the Economic Club of Washington, D.C. on Monday, as traders look for hints about when the central bank will cut interest rates. Powell will partake in a discussion with David…

Former US President Donald Trump during a campaign event at Trump National Doral Golf Club in Miami, Florida, US, on Tuesday, July 9, 2024.Eva Marie Uzcategui | Bloomberg | Getty ImagesWith markets in recent weeks cranking up their bets…

Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong.Xaume Olleros | Bloomberg | Getty ImagesShares in Burberry plunged over 15% in early trading on Monday after a disappointing…

David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCGoldman Sachs is scheduled to report second-quarter earnings before the opening bell Monday.Here's what Wall Street expects:Earnings: $8.34 per share, according…

A home available for sale is shown on May 22, 2024 in Austin, Texas. Brandon Bell | Getty ImagesWhen Rachel Burress moved into her mother's house around a decade ago, it seemed like a short-term stop on the path to homeownership.The…

Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023.Roberto Schmidt | AFP | Getty ImagesIt's no secret that the housing market looks far different than it did…

We don't like to see guidance misses, but bank interest income estimates depend on interest rates, which Wells Fargo has no real control over.

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. U.S. stocks advanced Friday as the S & P 500 rebounded from its worst trading session…

Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations.Here's what the bank did compared with Wall Street estimates, based on a survey of…

Cargo containers sit stacked on ships at the Port of Los Angeles, the nation’s busiest container port, in San Pedro, California, on Oct. 15, 2021.Mario Tama | Getty Images News | Getty ImagesA measure of wholesale prices rose more than…

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty ImagesCitigroup on Friday posted second-quarter results that topped expectations…

Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, July 9, 2024.Bloomberg | Bloomberg | Getty ImagesMarkets now firmly expect a…

Ericsson announced it is planning to cut jobs as part of its cost-cutting measures.Nurphoto | Nurphoto | Getty ImagesEricsson shares leapt 8% to their highest level in nearly two years on Friday, after the Swedish telecom giant's revenue…

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty ImagesJPMorgan Chase is…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. The S & P 500 and Nasdaq on Thursday retreated from their record highs, set in the…

The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year.The consumer price index, a broad measure of costs for…

We hear the warnings all the time. The market is only driven by a handful of massive tech stocks – and therefore, it's built on a weaker foundation than a market advancing on a broader swath of its constituents. We think that view is lazy…

Nurphoto | Nurphoto | Getty ImagesDelta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its forecast fell short of analysts' estimates as carriers discounted fares after…

Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo reported mixed quarterly results Thursday, hurt by declining demand in…

City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is…

An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty ImagesA widely-anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in…

Federal Reserve Chair Jerome Powell speaks during a House Financial Services Committee hearing on the "Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., March 6, 2024. Bonnie Cash | ReutersFederal…

BP in 2020 set out its ambition to become a net zero company "by 2050 or sooner."Matt Cardy | Getty Images News | Getty ImagesBP shares dropped on Tuesday after the firm flagged it expects to post an impairment of up to $2 billion in the…

Wall Street finished higher for the holiday-shortened trading week, with tech stocks leading the way. The Dow Jones Industrial Average gained under 1% for the week. The S & P 500 and Nasdaq , which both closed at record highs Friday —…

Job seekers attends the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty ImagesThe unemployment rate for women in the white, Black and Hispanic racial groups rose…