Company Reports – Page 16

Big Banks Open Their Books for First Test After Rate Cuts

Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid.

By Rob Copeland and Emily Flitter

Banking and Financial Institutions Company Reports Inflation (Economics) internal-storyline-no Presidential Election of 2024 Price Gouging Prices (Fares, Fees and Rates) United States Economy

Wall Street Profits Surge Despite Questions About the Economy

JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings season, but concerns linger about the strength of the consumer.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Automobiles Batteries Biden, Joseph R Jr China Company Reports Driverless and Semiautonomous Vehicles Electric and Hybrid Vehicles Europe Germany Global Warming Innovation Interest Rates Musk, Elon Prices (Fares, Fees and Rates) Stocks and Bonds Tesla Motors Inc Trump, Donald J United States

Tesla Sales Increase, Suggesting Electric Car Demand Is Rebounding

The automaker reported a gain of 6.4 percent for the latest quarter, its first such increase this year.

By Jack Ewing and Neal E. Boudette

Appointments and Executive Changes Company Reports Donahoe, John Hill, Elliott NIKE Inc

Nike Names Elliott Hill as CEO, Replacing John Donahoe

Elliott Hill, an executive who left the company after Donahoe’s appointment in 2020, will return as chief executive, Nike’s board said.

By Jordyn Holman and Julie Creswell