Stocks

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.

Pioneer Natural Resources shares spiked on rumors Exxon Mobil is closing in on a deal to purchase the company in what could be a $60 billion deal, The Wall Street Journal reported.

The maker of Modelo and Corona beer, Constellation Brands, boosted its financial outlook as it continues to benefit from the backlash over Bud Light’s Dylan Mulvaney marketing campaign.

The head of Apple recently conducted a series of company stock sales worth tens of millions of dollars that appeared in a Securities and Exchange Commission filing on Tuesday.

Apple shares may face more headwinds in the coming months according to one Wall Street firm which turned more cautious on the outlook for the world's most valuable company.

X Corp. owner Elon Musk faces a class-action lawsuit claiming he defrauded Twitter investors last year by failing to disclose his 5% ownership stake to the SEC.