Wells Fargo on Friday reported third-quarter earnings that exceeded Wall Street expectations, causing its shares to rise. Here’s what the bank reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Adjusted earnings per share: $1.52 vs. $1.28 expected Revenue: $20.37 billion versus $20.42 billion expected Shares of the bank rose … Read more
JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East … Read more
In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to … Read more
Jeff Shell, CEO of NBCUniversal, speaks during a conference at the Cannes Lions International Festival of Creativity in Cannes, France, June 22, 2022. Eric Gaillard | Reuters Less than two years after NBCUniversal fired Jeff Shell for alleged sexual harassment, the former CEO is close to finding himself back in the saddle leading a storied … Read more
The Norwegian Nobel Institute is pictured in Oslo, Norway on September 25, 2024. Jonathan Nackstrand | Afp | Getty Images Japanese atomic bomb survivor organization Nihon Hidankyo won the Nobel Peace Prize on Friday in recognition of the organization’s efforts to achieve a world free of nuclear weapons. “This grassroots movement of atomic bomb survivors … Read more
The U.S. 10-year Treasury yield edged lower on Friday as market participants awaited the release of the Producer Price Index (PPI) report. The yield on the 10-year Treasury fell around 2 basis points to 4.075%. The yield on the 2-year Treasury was down by more than 2 basis points to 3.974%. Yields and prices move … Read more
Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. After a decade of unfulfilled promises about driverless vehicles, Tesla CEO Elon Musk hyped the company’s Cybercab concept on Thursday night, showing off a low, silver two-seater with no steering wheels or pedals. Rolling up to the stage in a Cybercab almost an hour … Read more
CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Lucovic Marin | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. Here’s what Wall … Read more
Phil Spencer, CEO of Microsoft Gaming, speaks at the Gamescom conference in Cologne, Germany, on Aug. 23, 2023. Franziska Krug | German Select | Getty Images Microsoft will allow people to buy and play video games through its Xbox app for Android starting in November, the company said on Thursday. The move is an immediate … Read more
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters With Tesla’s hotly anticipated robotaxi event hours away, investors will soon get a glance at what … Read more
