The brokerage giant, which has been swept into the turmoil surrounding the banking sector, seemed to ease fears about its financial health in its latest earnings report.
Category: Company Reports
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The Week in Business: Moderating Inflation
The Biden administration’s sweeping plans to get more electric vehicles on the road. The big banks’ strong earnings. The Fox v. Dominion trial is starting. And tax day is almost here.
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Biggest U.S. Banks Report Bumper Profits Amid Industry Turmoil
JPMorgan Chase, Wells Fargo and PNC Financial comfortably beat expectations for earnings in the first quarter, when the failures of smaller banks sent jitters throughout the sector.
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Earnings Season Arrives With Recession Fears Front and Center
Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.
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Dour Earnings Loom Over Wall St. as a Slowing Economy Bites
The outlook for corporate profits has swiftly deteriorated, with inflation still fast and a banking scare prompting some investor caution.
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Airbus to Double Production in China as It Moves Ahead With New Orders
The French plane maker’s deal comes despite pressure on Europe from the Biden administration to isolate Beijing.
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Richard Branson’s Virgin Orbit Files for Bankruptcy
The satellite launch company, founded by Richard Branson, announced sweeping cuts last week as it struggled to recover from a high-profile rocket failure in January.
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General Motors Reports 18% Rise in Quarterly Sales
The New York Times – Business:G.M. cited improvements in component supplies and robust demand even in the face of higher interest rates.
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Tesla Sales Jumped in the First Quarter
The New York Times – Business:The electric car company’s decision to slash prices appears to have paid off in reviving demand.
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Virgin Orbit’s Failed Launch Is a Blow to the Company
The New York Times – Business:Richard Branson’s satellite launch company, which hasn’t recovered since a January mishap in Britain, has laid off nearly all its employees.
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Huawei, Pummeled by U.S. Sanctions, Reports Plunge in Profit
The New York Times – Business:The company blamed the profit decline on pandemic lockdowns and an increase in research and development to counter restrictions on access to U.S. technology.