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Business
Life Time stock plummets as company spends more on premium fitness
A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021.Source: NYSELife Time Group shares plummeted 15% Wednesday after the company's third-quarter results revealed higher spending to boost the premium member…
IBM Q3 earnings report 2023
Arvind Krishna, IBM's chair and CEO, during an interview in New York on May 1, 2023.Christopher Goodney | Bloomberg | Getty ImagesIBM shares rose 2% in extended trading Wednesday after the technology conglomerate announced third-quarter…
Meta to report third-quarter earnings after the bell
Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023.Stefani Reynolds | AFP | Getty ImagesMeta is set to report third-quarter earnings…
Snap earnings Q3 2023
Co-founder and CEO of Snap Inc. Evan Spiegel attends the Viva Technology conference dedicated to innovation and startups, at the Porte de Versailles exhibition center in Paris on June 17, 2022.Benoit Tessier | ReutersSnap shares initially…
Boeing (BA) earnings Q3 2023
Boeing's new 737 MAX-9 is pictured under construction at their production facility in Renton, Washington, U.S., Feb. 13, 2017.Jason Redmond/ReutersBoeing said Wednesday it will deliver fewer 737 Max aircraft than it expected this year as it…
Deutsche Bank shares surge 7% after net profit beats expectations
Deutsche Bank shares popped on Wednesday, after the lender slightly beat expectations with its thirteenth straight profitable quarter and said it would increase and accelerate shareholder pay-outs.Third-quarter net profit was 1.031 billion…
Israel-Hamas war is a new cloud on world’s economic horizon
Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023.Kevin Dietsch | Getty Images News | Getty ImagesThe head of the International Monetary Fund on…
Heineken sales hit by Russia exit and higher beer prices
In this photo illustration, bottles of Heineken beer are displayed on July 31, 2023 in San Anselmo, California. Justin Sullivan | Getty ImagesHeineken beer sales fell in the third quarter as the Dutch brewer completed the long-awaited exit…
Microsoft (MSFT) Q1 earnings report 2024
Satya Nadella, chief executive officer of Microsoft Corp., arrives to federal court in Washington on Oct. 2, 2023.Nathan Howard | Bloomberg | Getty ImagesMicrosoft will disclose its fiscal first-quarter results after U.S. market close on…
Jamie Dimon rips central banks for being ‘100% dead wrong’ on economic forecasts
Jamie Dimon, CEO of JPMorgan Chase speaking with CNBC's Leslie Picker in Bozeman, MT on Aug. 2nd, 2023.CNBCJPMorgan Chase CEO Jamie Dimon on Tuesday warned about the dangers of locking in an outlook about the economy, particularly…
Alphabet (GOOGL) earnings Q3 2023
An illuminated Google logo is seen inside an office building in Zurich, Switzerland.Arnd Wiegmann | ReutersAlphabet is set to report third-quarter earnings after the bell Tuesday.Here's what Wall Street is expecting, based on a survey of…
Coca-Cola (KO) Q3 2023 earnings
A Coca-Cola truck in New York City.Alexi Rosenfeld | Getty ImagesCoca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts' expectations and hiked its full-year outlook.Shares of the company rose more than 2% in…
Barclays down 6.5% after warning of fourth-quarter cost-cutting charges
LONDON — Barclays shares retreated on Tuesday as investors assessed the prospect of cost-cutting charges, pressure on domestic interest margins and weak performance in formerly strong divisions.The bank reported a net profit of £1.27…
Norway’s sovereign wealth fund loses $34 billion in the third quarter
The Norges Bank, Norway's central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023.Bloomberg | Bloomberg | Getty ImagesNorway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third…
General Motors (GM) earnings Q3 2023
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021.Rebecca Cook | ReutersDETROIT — General Motors is set to report its third-quarter earnings before the bell Tuesday.Here's what Wall Street is…
U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Pool | Via ReutersThe federal government wound up its fiscal year in September with a…
Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
Atlanta Federal Reserve President Raphael Bostic on Friday said he doesn't envision interest rate cuts happening until well into 2024.Though he cited progress on inflation and a slowing economy, the central bank official told CNBC that…
American Airlines (AAL) earnings Q3 2023
Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. JanValls | Nurphoto | Getty ImagesAmerican Airlines posted a third-quarter loss on Thursday and trimmed its…
TSMC earnings report Q3 2023
A man walks past TSMC's logo at the company's headquarters in Hsinchu, Taiwan.Sam Yeh | AFP | Getty ImagesTaiwan Semiconductor Manufacturing Company reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion) on…
Nokia to cut up to 14,000 jobs after 69% profit plunge
Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesNokia on Thursday said it would cut up to 14,000 jobs as part of a cost reduction plan following a plunge in third-quarter earnings.The Finnish…
Netflix (NFLX) earnings Q3 2023
Thomas Trutschel | Photothek | Getty ImagesLOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday.The streaming company is still navigating its transformation from focusing on subscriber growth to…
Tesla (TSLA) earnings Q3 2023
Elon Musk, CEO of Tesla, speaks with CNBC on May 16, 2023.David A. Grogan | CNBCTesla is set to report third-quarter results after the bell on Wednesday.Here's what Wall Street is expecting, based on a survey of analysts by LSEG, formerly…
Remittances to Mexico rise, but ‘super peso’ crimps spending power
A board displays the exchange rates for Mexican Peso and U.S. Dollar in Mexico City, Mexico March 13, 2023.Raquel Cunha | ReutersPeople sending money back to Mexico this year have faced a new challenge: the "super peso."The Mexican currency…
ASML earnings report Q3 2023
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…
Morgan Stanley (MS) earnings 3Q 2023
James Gorman, Morgan Stanley CEO, July 18, 2023.CNBCMorgan Stanley posted third-quarter results that topped profit estimates on better-than-expected trading revenue.Here's what the company reported:Earnings per share: $1.38, vs. expected…
Procter & Gamble (PG) Q1 2024 earnings
Tide laundry detergent is shown on display in Compton, California.Mike Blake | ReutersProcter & Gamble is expected to report its fiscal first-quarter earnings before the bell Wednesday.Here's what Wall Street analysts surveyed by LSEG,…
Adidas shares climb after earnings powered by Yeezy inventory sales
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy…
United Airlines (UAL) 3Q 2023 earnings
Boeing 787-10 Dreamliner, from United Airlines company, taking off from Barcelona airport, in Barcelona on 28th March 2023. JanValls | Nurphoto | Getty ImagesUnited Airlines said more expensive jet fuel and a halt to the carrier's Tel Aviv…
Lucid LCID Q3 2023 EV deliveries production
A Lucid showroom in New York City on Aug 19th, 2023.Adam Jeffery | CNBCLuxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure…
Retail sales September 2023:
Consumers showed surprising strength in September, boosting retail sales well above expectations despite high interest rates and worries over a weakening economy.Retail sales rose 0.7% on the month, well above the 0.3% Dow Jones estimate,…