Business

Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two other mid-sized banks and sparked fear from customers about widespread bank failures.The…

A United Parcel Service (UPS) truck delivers boxes in Manhattan on April 26, 2022 in New York City.Spencer Platt | Getty ImagesUnited Parcel Service shares fell Tuesday after the American trucking and delivery giant reported first-quarter…

Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022.Michael Nagle | Bloomberg | Getty ImagesMicrosoft will report fiscal third-quarter earnings…

Pepsi sodas displayed for purchase at a Walmart SuperCenter on December 06, 2022 in Austin, Texas.Brandon Bell | Getty ImagesPepsiCo on Tuesday boosted its outlook for the year as it posted earnings and revenue that beat expectations.Shares…

McDonald's on Tuesday reported quarterly earnings and revenue that topped analysts' expectations as U.S. consumers keep buying Big Macs and Shamrock Shakes.But executives offered a conservative view of the economy, reiterating last…

WASHINGTON, DC - DECEMBER 11: Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building on December 11, 2018 in Washington, DC. The committee held a hearing on 'Transparency &…

General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022.Source: NYSEDETROIT — General Motors on Tuesday raised key guidance for 2023 after reporting first-quarter results that topped Wall Street's top- and…

A JetBlue plane at LaGuardia Airport.Leslie Josephs/CNBCJetBlue Airways posted a loss for the first three months of the year but joined other carriers in forecasting a profit for the second quarter thanks to strong travel demand.JetBlue…

Cheerios, Nescafe, Nesquik, KitKat, Milkybar and Purina products, manufactured by Nestle SA, arranged in London, U.K., on Monday, July 26, 2021.Bloomberg | Bloomberg | Getty ImagesConsumer goods firm Nestle raised prices by 9.8% in the…

UBS reported a 52% annual drop in net profit on Tuesday amid a legacy litigation matter, but maintained it is a "source of stability" for its clients during periods of high uncertainty.These are the bank's first results since announcing its…

A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023.Jeoffrey Guillemard | Bloomberg | Getty ImagesCoca-Cola is expected to report its first-quarter earnings before the bell on Monday.Here's…

A sign of Credit Suisse bank is seen on a branch building in Geneva, on March 15, 2023.Fabrice Coffrini | AFP | Getty ImagesCredit Suisse on Monday revealed that it suffered net asset outflows of 61.2 billion Swiss francs ($68.6 billion)…

Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts' expectations as higher prices helped offset lower demand for its products.The company, which owns household brands like Febreze, Charmin and Tide,…

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview Economics, and investors may need to prepare for some pain in the stock market.Speaking to CNBC's "Squawk Box…

The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022.Jeff Kowalsky | AFP | Getty ImagesShares of Abbott Laboratories popped Wednesday after the company's earnings and revenue topped Wall Street's expectations, defying a…

Nokia new logo displayed on mobile, with Nokia logo on screen.Nurphoto | Nurphoto | Getty ImagesFinnish telecoms giant Nokia on Thursday posted quarterly operating profit that fell short of market expectations.The firm reported operating…

A home in Lynch, Kentucky.Scott Olson | Getty ImagesThe banking turmoil of March, which saw the collapse of several regional U.S. lenders, will lead to a credit crunch for "small-town America," according to veteran strategist David…

IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023.Stefan Wermuth | Bloomberg | Getty ImagesIBM issued stronger-than-expected first-quarter earnings on…

Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. The Tesla plant was opened and put into operation on March 22, 2022.Patrick Pleuil | Picture Alliance | Getty…

Morgan Stanley CEO James Gorman participates in a conversation-style interview with Economic Club of Washington in Washington September 18, 2013.Yuri Gripas | ReutersMorgan Stanley on Wednesday topped estimates for first quarter profit and…

A view of a United Airlines plane at Barcelona Airport in Barcelona, Spain, on February 27, 2023.Joan Valls | Nurphoto | Getty ImagesUnited Airlines reported a loss for the first three months of the year but forecast a profit for the second…

Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019.Ann Saphir | ReutersFederal Reserve Governor…

Sopa Images | Lightrocket | Getty ImagesNetflix is scheduled to report first-quarter earnings after the bell on Tuesday, and investors will be paying close attention to subscriber numbers, especially for its ad-supported tier.While Netflix…

Artur Widak | NurPhoto | Getty ImagesJohnson & Johnson reported adjusted earnings and revenue that topped Wall Street's expectations on Tuesday, and lifted its full-year forecast.J&J, whose financial results are considered a…

Brian Moynihan, CEO of Bank of America, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 17th, 2023. Adam Galica | CNBCBank of America on Tuesday reported first-quarter earnings and revenue that topped expectations on the…

David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty ImagesGoldman…

Wells Fargo reported growing profits Friday as the bank benefited from higher interest rates, despite building up loan loss reserves.Here's how the bank did compared with Refinitiv estimates:Earnings per share: $1.23 per share GAAP versus…

A sign for the European Central Bank (ECB) outside the bank's headquarters in Frankfurt, Germany, on Thursday, Feb. 2, 2023.Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymakers are reconsidering the path of interest rate…

Citigroup reported rising net income and better-than-expected revenue for the first quarter, boosting its stock in premarket trading Friday.Here is how Citigroup's key metrics compared to expectations.$4.6 billion in net income versus $4.3…

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Global High Yield and Leveraged Finance Conference in Miami, Florida, US, on Monday, March 6, 2023.Marco…