JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.
Category: Company Reports
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Have Potato Chips Reached Peak Price?
PepsiCo reports in its earnings that people are buying fewer salty snacks from its Frito-Lay brands. It’s not the only food company that is seeking to lure back consumers stung by high prices.
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Auto Sales Grew Slightly in Second Quarter
High interest rates, economic uncertainty and a cyberattack appear to have dampened sales in the three months between April and June.
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Walgreens Plans ‘Significant’ Store Closures, Citing Weak Consumer Spending
The pharmacy giant told investors that shaky consumer spending was affecting its retail operations. But some said the company’s strategy was also to blame.
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$3.34 Trillion
The market value on Tuesday of Nvidia, whose chips have made it possible to create A.I. systems.
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Price Pendulum Swings Back to Discounts, Within Limits
The pandemic shopping boom led many retailers to widen profit margins by charging more. Now value is the watchword as consumers grow choosier.
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What’s a Fancy Name for Shrinkflation?
A term corporate leaders have lately used as a euphemism for shrinkflation.
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Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits
The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.
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What to Watch For in Nvidia’s Q1 Earnings Report
Expectations are sky-high for the chipmaker’s latest earnings report. The company is at the center of Wall Street’s focus on artificial intelligence.
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Macy’s Reports Another Drop in Sales
The largest department store chain in the United States has not reported an increase in comparable-store sales since early 2022.
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Walmart Opens the Year With Stronger Sales and Profit
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.