Earnings Report

Goldman Sachs is expecting a $5 billion hit to profits during the fourth quarter because of the tax overhaul signed into law last week.

Goldman Sachs said on Friday it expects fourth-quarter earnings to decrease by about $5 billion due to the new U.S. tax law signed by President Donald Trump last week.

German carmaker Daimler said on Friday the U.S. tax reform would result in an income tax benefit increasing its 2017 net income by around 1.7 billion euros ($2.01 billion).

Nike reported a nearly 5 percent rise in quarterly revenue on Thursday as sales growth in international markets offset weakness in North America.

Stocks are opening moderately higher on Wall Street Thursday, led by gains in banks and technology companies.

The latest on developments in financial markets (All times local): 9:35 a.m.

The latest on developments in financial markets (All times local): 9:35 a.m.

Blackberry shares jump as company turnaround continues.

General Mills Inc. (GIS) on Wednesday reported fiscal second-quarter profit of $430.5 million.

Stitch Fix's first earnings report as a public company has disappointed Wall Street and its shares plunged in after-hours trading.

A record number of holiday packages are on track to arrive this year, and the package delivery companies appear to be handling the load well.

Package delivery company FedEx Corp reported a higher quarterly net profit due to increased volume, but results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit.

The latest on developments in financial markets (All times local): 9:35 a.m.

A planned massive Republican tax overhaul has led Wall Street strategists to revise their 2018 corporate earnings forecasts sharply higher, but the jury is out on how long the accelerating effect on profits will last.

Saudi Arabia has announced the biggest budget in its history, announcing expenditures of 978 billion riyals ($261 billion) this coming fiscal year as the government forecasts a boost in revenue from the introduction of a sales tax and plans to lift subsidies further.

Oracle's disappointing second-quarter sales in its cloud business sent shares down nearly 7 percent after hours.

The owner of Zara fashion stores says net profit surged by 6 percent in the first nine months of its fiscal year as it continued its international expansion with both online and physical stores.

A look at some of the key business events and economic indicators upcoming this week: Rate hike?

A former Amazon financial analyst has been sentenced to six months in prison and a $2,500 fine after admitting he tipped off a college friend to details about the company's upcoming first-quarter earnings report in spring 2015.