Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity.
Kategorie-Archiv: CNBC Financial News
Wells Fargo shares tumble after net interest income falls short of estimates
The San Francisco-based bank recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, marking a 9% year-over-year decline.
JPMorgan Chase tops second-quarter revenue expectations on strong investment banking
JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts‘ expectations as investment banking fees surged 52% from a year earlier.
Ericsson shares rise after sales fall less than expected, North America returns to growth
Ericsson reported a smaller-than-expected 7% drop in second-quarter sales as sluggish demand for 5G gear was slightly offset by growth in North America.
China’s robotaxi push sparks concerns about job security for drivers
China’s yearslong effort to develop robotaxis is starting to gain traction with consumers — and rattling taxi drivers who are worried about losing their jobs
Ethereum ETF countdown: Bitwise CIO sees ‚birth of a new asset class‘
Spot ether ETFs could hit the market as soon as this week, pending SEC approval, and Bitwise’s chief investment officer plans to get in on the action.
Delta shares fall as a glut of flights drives down fares despite high demand
Delta on Thursday kicked off an airline earnings season marked by packed planes but profits under pressure as costs rise and increased capacity weighs on fares.
PepsiCo earnings beat estimates, but U.S. demand weakens
The food and beverage giant PepsiCo reported better-than-expected second-quarter earnings, but its revenue fell short of Wall Street’s estimates.
Watch Fed Chair Jerome Powell testify live before the House financial services panel
The central bank chief is set for his second day of testimony on Capitol Hill.
The Fed may soon cut interest rates. That could make your next trip abroad more expensive
The Federal Reserve raised rates aggressively to tame high inflation, supporting the U.S. dollar. Cutting rates may weaken it versus foreign currencies.