Stocks

Finnish-based Nokia said Thursday it was reducing its workforce by up to 14,000 employees to reset its cost base and better navigate market uncertainty.

Lululemon was selected to be added into the S&P 500, the broadest measure of the U.S. stock market, in a move that historically has been a bonus for shareholders.

NHTSA said Tesla will recall 54,676 Model X vehicles made between 2021 and 2023 due to the vehicle controller failing to detect low brake fluid and not displaying a warning light.

Lockheed's weapons, such as the guided multiple launch rocket system and Javelin anti-tank missiles, made in conjunction with RTX have proven critical to Ukraine's war efforts.

Bank of America beat Wall Street estimates for quarterly profit on Tuesday, reporting a net income increase of 10% in the third quarter to $7.8 billion.

The Wall Street giant's net profit slumped 33% to $2.06 billion, or $5.47 per share, it said on Tuesday. Analysts on average had expected a profit of $5.31 per share.

Charles Schwab recorded a smaller-than-expected drop in quarterly profit on Monday as growth in asset management fees softened the blow from a fall in its net interest revenue.

Ford is recalling 238,364 Explorers from the model years 2020 through 2022 because the rear axle mounting bolt on some vehicles may fracture and cause the driveshaft to disconnect.

Earnings season picks up in the coming week with big names, including Tesla and Netflix, set to report results, while the UAW strike against Ford, Stellantis and GM drags on.

The lender now expects 2023 net interest income – the difference between what the bank earns on loans and pays out on deposits – to be about 16% higher than a year earlier.

Profit was $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. That compares with $9.74 billion, or $3.12 per share, a year earlier.

On an adjusted basis, BlackRock earned $1.64 billion, or $10.91 per share, for the three months ended Sept. 30, from $1.45 billion, or $9.55 per share, a year earlier.

The new CEO of Walgreens Boots Alliance will help steer a massive cost-cutting plan as the drug-store chain attempts to stop losing money and as demand from COVID related products wains.

Delta Air Lines reported quarterly results Thursday and now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July.

Domino's Pizza missed market expectations for its quarterly revenue as higher menu prices and delivery charges stalled inflation-weary consumers from purchasing at the restaurant.

The stock values of Meta and Alphabet are on pace for their best sessions of the year Wednesday, helping the Nasdaq Composite lead the broader U.S. stock averages.

The global oil market got a jolt following the attacks on Israel, as did the U.S. stock market and now investors are trying to gauge how long the instability may last.

Activist investor Nelson Peltz is seeking "multiple" seats on Disney's board, according to reports. Peltz's Trian Fund Management reportedly owns a roughly $2.5 billion stake in Disney.

Northrop Grumman, Lockheed Martin and other defense stocks rose on speculation the attack on Israel by Hamas terrorists that left thousands dead will boost demand for weapons.

The United Auto Workers strike against Ford, General Motors and Stellantis is entering its fourth wee, and Wall Street investors eye earnings from JPMorgan, Blackrock and PepsiCo.