Business

Mary Barra, CEO, GM at the NYSE, November 17, 2022.Source: NYSEDETROIT — General Motors is set to report its second-quarter earnings before the bell Tuesday.The Detroit automaker is expected to report solid results, driven by favorable…

Cars drive past sign with logo at the entrance to the world headquarters of petroleum company Chevron in the Bishop Ranch office park in San Ramon, California.Smith Collection | Archive Photos | Getty ImagesChevron on Sunday said the…

The U.S. Federal Reserve Building in Washington, D.C.Win Mcnamee | ReutersThe Federal Reserve launched its FedNow instant-payments service Thursday, following several years of developing a system officials say will allow the faster flow of…

Kenvue shares fell on Thursday even though the consumer health company beat second-quarter revenue and earnings expectations in the its first quarterly report since it spun out from Johnson & Johnson two months ago.The company, formerly…

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines on Thursday raised its earnings outlook for 2023 after a…

Johnson & Johnson on Thursday reported second-quarter revenue and adjusted earnings that topped Wall Street's expectations, and lifted its full-year guidance as sales from the company's medtech business jumped.The medtech division…

A United Airlines airplane flies in front of the Empire State Building and One Vanderbilt in New York City as it comes in for a landing at Newark Liberty International Airport in Newark, New Jersey, Dec. 3, 2021.Gary Hershorn | Corbis News…

IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, Jan. 17, 2023.Stefan Wermuth | Bloomberg | Getty ImagesIBM reported second-quarter earnings Wednesday that topped analysts'…

A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images)Sam Yeh | Afp | Getty ImagesTaiwan…

Sopa Images | Lightrocket | Getty ImagesNetflix reports second-quarter earnings on Wednesday and investors will pay close attention to the streaming giant's crackdown on password sharing, as well as the recently launched ad-supported…

Sopa Images | Lightrocket | Getty ImagesNetflix reports second-quarter earnings on Wednesday and investors will pay close attention to the streaming giant's crackdown on password sharing, as well as the recently launched ad-supported…

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16,…

A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022.Armando L. Sanchez | Tribune News Service | Getty ImagesCarvana has reached a debt restructuring agreement that will reduce the used car retailer's total debt…

Dutch firm ASML makes one of the most important pieces of machinery required to manufacture the most advanced chips in the world. U.S. chip curbs have left companies, including ASML, scrambling to figure out what the rules mean in…

CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022.Michael Nagle | Bloomberg | Getty ImagesGoldman Sachs is scheduled to report second-quarter…

Skyline view of the City of London financial district.Mike Kemp | In Pictures | Getty ImagesLONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually.Economists polled by Reuters had…

Michael Barr, vice chair for supervision of the board of governors of the Federal Reserve, testifies during a House Committee on Financial Services hearing on Oversight of Prudential Regulators, on Capitol Hill in Washington, DC, on May 16,…

CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014.Getty ImagesMorgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts' expectations, helped by record wealth management results.Here's what…

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022.Al Drago | Bloomberg | Getty ImagesBank of America on Tuesday posted second quarter…

The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China.Liang Xiashun | Visual China Group | Getty ImagesChina Evergrande Group posted a combined loss of $81 billion in…

Skyline of lower Manhattan and One World Trade Center in New York City and the Water's Soul sculpture on July 11, 2023, in Jersey City, New Jersey. (Photo by Gary Hershorn/Getty Images)Gary Hershorn | Corbis News | Getty ImagesGoldman Sachs…

A food shopper searches for vegetables July 1, 2023 at the Hannaford supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty ImagesDon't break out the party hats just yet: Despite recent signs that inflation is cooling, the…

Representatives speak with customers at a UnitedHealthcare store in Queens, New York.Michael Nagle | Bloomberg | Getty ImagesUnitedHealth Group's stock price jumped Friday after the health-care conglomerate reported second-quarter revenue…

Three Wells Fargo ATM's on 14th street, New York City.Lindsey Nicholson | Universal Images Group | Getty ImagesWells Fargo beat Wall Street estimates on the top and bottom lines for the second quarter, and the bank said its net interest…

Citigroup on Friday reported second-quarter earnings and revenue that topped expectations.Despite the beat, Citi's revenue fell 1% from a year ago as the decline in markets and investment banking businesses weighed on its results. Citi said…

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., at the US Capitol for a lunch meeting with the New Democrat Coalition in Washington, DC, US, on Tuesday, June 6, 2023. Nathan Howard | Bloomberg | Getty…

A Now Hiring sign is seen inside a WholeFoods store in New York City.Adam Jeffery | CNBCThe global economy will likely avoid a recession and central banks will need to "change the goalposts" on inflation, according to veteran strategist…

A customer shops in a Kroger grocery store on July 15, 2022 in Houston, Texas. Brandon Bell | Getty ImagesThe producer price index for June had a smaller than expected increase, the Labor Department reported Thursday, in the latest sign…

Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price increases were running at a more than 40-year high.The consumer price…

The Covid-19 pandemic, rather than Joe Biden's economic policies and stimulus packages, is the "real cause" of high inflation, according to a member of the U.S. President's Council of Economic Advisers.In an interview over the weekend, it…