Dimon, leader of the biggest U.S. bank by assets and one of the most respected voices on Wall Street, has warned of an economic „hurricane“ since 2022.
Schlagwort-Archiv: CNBC
A ’soft landing‘ is still on the table, economists say
Recession risks have risen but the U.S. is likely to skirt a downturn if the Federal Reserve soon cuts interest rates, economists said.
Under Armour sales fall after retailer cuts discounts, promotions in bid to be more premium
Under Armour is in the midst of a broad restructuring as the company contends with a sales slowdown and a revolving door of leaders.
Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar
The success of Eli Lilly’s weight loss and diabetes drugs Zepbound and Mounjaro caused the company to hike its guidance.
Restaurant Brands revenue tops estimates, fueled by Tim Hortons
Canadian coffee chain Tim Hortons was the restaurant company’s strongest performer during the quarter.
Siemens earnings beat estimates on strong demand for electrification, software
German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and confirmed its full-year outlook.
Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
Warner Bros. Discovery reports earnings after the bell.
SunPower files for bankruptcy, plans to sell off assets — stock drops more than 40%
Embattled solar installer SunPower has filed for Chapter 11 bankruptcy protection.
Sahm Rule creator doesn’t think that the Fed needs an emergency rate cut
She said, however, there is a good case for a 50 basis point cut, adding that the Fed needs to „back off“ its restrictive monetary policy.
Consumer giants from Starbucks to General Mills have one big sales problem: China
A theme emerging in the latest slew of U.S. companies‘ earnings reports is a drag from the China market.