Wells Fargo profit falls as the bank sets aside funds for bad loans, company's shares drop
Analysts and investors have been closely poring over bank results for any signs of stress on the U.S. economy.
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JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks
Chairman and CEO Jamie Dimon warned geopolitical tension, high inflation and waning consumer confidence could hurt the economy "sometime down the road."
Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue
Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.
World's largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds
Despite strong Q2 results, TSMC CEO CC Wei said that some of the company's capital expenditure would be "pushed out into 2023."
Delta posts profit despite jump in costs, vows to improve reliability after airline 'pushed too hard'
Delta said both leisure and business travel demand improved sharply in the second quarter.
PepsiCo raises revenue forecast as it deploys price hikes, smaller sizes to fight rising costs
PepsiCo raised its revenue outlook for the year as consumers snacked on more Doritos chips and drank more Gatorade, even as prices increased.
Singapore’s state-owned investor Temasek reports record portfolio value
Temasek Holdings reported that the net value of its portfolio grew to $286.48 billion at the end of March — surpassing last year's record high.
Levi Strauss hikes dividend as second-quarter earnings exceed expectations
Levi Strauss second quarter earnings topped analyst estimates.
Samsung's 'better than feared' earnings spur chip stock rally
Samsung's second quarter earnings guidance, which provided relief for investors, helped drag up shares of chipmakers TSMC, UMC and SK Hynix.
Walgreens profits squeezed as Covid vaccine wanes, health-care investment rises
The drugstore reiterated its forecast for the year after seeing online purchases jump and retail sales bounce back in the quarter.
Bed Bath & Beyond replaces CEO as retailer's sales plummet
The home goods retailer has faced months of challenges, with supply chain woes and pressure from activist investor Ryan Cohen.
RH shares slide after company lowers its outlook for the year
High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue.
Nike earnings top Wall Street's expectations, despite inflation in the U.S. and Covid lockdowns in China
Nike posted better-than-expected sales and profit for its fiscal fourth quarter.
Olive Garden's parent company Darden beats earnings estimates as sales jump
Olive Garden's parent company issued a mixed forecast for fiscal 2023 as it prepares to face inflation and economic uncertainty.
Adobe shares move lower after full-year projections fall short
Adobe cited foreign-exchange challenges, along with other software companies, as well as the war in Ukraine when it gave lower-than-expected guidance.
Credit Suisse issues profit warning for second quarter, citing Ukraine war and rate hikes
Credit Suisse said on Wednesday that it is likely to post a loss for the second quarter as the war in Ukraine and monetary policy tightening squeeze its investment bank.
Oracle shares rise on better-than-expected earnings report
Oracle exceeded estimates on the top and bottom lines for its fiscal fourth quarter.
DocuSign shares crater after first-quarter earnings miss
DocuSign has struggled this year alongside the rest of the cloud software sector.
Target expects squeezed profits from aggressive plan to get rid of unwanted inventory
Target said it will take a short-term hit from markdowns, but wants to clear room for groceries, back-to-school supplies and other items consumers want.
Lululemon raises guidance as customers keep spending despite higher prices
Lululemon expects the momentum in its business to continue in spite of broader economic headwinds.
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