Uber bets on holiday travel demand to forecast strong fourth quarter
San Francisco-based ride-hailing company Uber Technologies on Tuesday forecast fourth-quarter gross bookings and adjusted core profit above market expectations.
Disney names veteran PepsiCo exec new CFO
Walt Disney announced Monday it is bringing on former PepsiCo executive Hugh Johnston as the company’s new senior executive vice president and chief financial officer beginning on Dec. 4.
Warren Buffett sits tight on cash as Berskhire investments take a hit: reports
Berkshire Hathaway reported a bigger loss in Q3 2023 than in the same quarter of 2022, but Warren Buffett argued that investors should judge the company on its operating earnings.
Pfizer quarterly results hit by soft demand for COVID-19 products
Sales of the company's coronavirus vaccine Comirnaty dropped 70% during the third quarter compared with the same period a year earlier, Pfizer reported on Tuesday.
Apple earnings, Fed decision and jobs data top Wall Street week ahead
Investors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
Ford stock plunges 12% on news of wider EV losses
Ford shares tumbled Friday after the company withdrew its full-year forecast and reported greater losses than expected in its electric vehicle division.
JPMorgan Chase CEO Jamie Dimon to sell company stock for first time
JPMorgan CEO Jamie Dimon plans to sell a portion of his family’s holdings in the bank for the first time, offloading 1 million of the 8.6 million shares, according to an SEC filing.
Oil slide hits Exxon Mobil profits
Exxon Mobil Corp reported a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago. The decline comes as oil prices retreat from higher levels.
Chevron's profit slumps, shares fall
Chevron's third-quarter earnings missed Wall Street estimates by a wide margin, sending its share price down despite its recent megadeal with Hess.
Warren Buffett's Berkshire Hathaway ups stake in Occidental Petroleum, again
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million of the company’s stock, according to an SEC filing.
Harley-Davidson profit slumps on sluggish demand
Harley-Davidson posted a 24% dip in third-quarter profit as customers cut back on discretionary spending due to higher borrowing costs and inflationary pressures.
Royal Caribbean lifts annual profit target again on steady cruise vacation demand
Royal Caribbean Group raised its full-year profit forecast, banking on elevated ticket prices as well as steady demand from affluent customers for leisure travel
Republican Sen John Kennedy leads legislators against SEC list of private investor info
Sen. John Kennedy, R-La., and lawmakers are creating legislation to stop the Securities and Exchange Commission's efforts to establish an official trail of investors, citing privacy concerns.
Wall Street week ahead: Amazon, Microsoft, Boeing earnings and rising bond yields
Investors are staring down a big week for corporate earnings with reports due from Amazon, Microsoft and Google, as well as Ford and GM with the UAW strike against the automakers dragging on.
AmEx's third-quarter profit beats estimates on buoyant spending
American Express reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns of an economic downturn.
Nokia to cut up to 14K jobs amid 'market uncertainty'
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 stock is joining the S&P 500
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.
Tesla to recall nearly 55,000 Model X vehicles over brake fluid detection issue
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 beats estimates on sustained weapons demand amid geopolitical tensions
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 profit beats estimates on higher interest income, investment banking gains
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.



















