Jars of Nescafe Instant coffee, part of food giant Nestle’s portfolio, sit on a supermarket shelf in Encinitas, California, U.S., September 2, 2025. Mike Blake | Reuters Nestle said Thursday it will cut 16,000 jobs as the firm’s new CEO Philipp Navratil looks to accelerate a turnaround at the consumer goods giant. In a bid…
Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Morgan Stanley on Wednesday posted third-quarter earnings that topped expectations by the largest margin in nearly five years. Here’s what the company reported: Earnings per share: $2.80 vs….
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America on Wednesday posted third-quarter results that exceeded…
Employees assemble a ASML NXT1970Ci photolithography machine at the ASML Holding factory in Veldhoven, Netherlands. Jasper Juinen | Bloomberg | Getty Images Dutch semiconductor equipment giant ASML on Wednesday looked to calm concerns over 2026 growth as it warned that it expects a “significant” sales decline in China. Guidance was key for the firm after…
JPMorgan Chase & Co CEO Jamie Dimon arrives for a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. Drew Angerer | Getty Images JPMorgan Chase on Tuesday topped analysts’ estimates for the third quarter as trading and investment banking generated about $700 million more revenue than…
Oil pumpjacks operate at Daqing Oilfield at sunset on November 18, 2024 in Daqing, Heilongjiang Province of China. Vcg | Visual China Group | Getty Images Energy supermajors are being forced to confront some tough choices in a weaker crude price environment, with generous shareholder payouts expected to come under serious pressure over the coming…
Sopa Images | Lightrocket | Getty Images Applied Digital shares jumped as much as 30% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350% for the year. The company closed up 16%, extending its impressive run this year. Shares…
Levi Strauss‘s profits are growing more than Wall Street expected despite higher costs from tariffs, thanks to targeted price increases and a shift away from wholesalers, the company said Thursday as it reported fiscal third quarter results. During the quarter, Levi’s gross margin grew 1.1 percentage points to 61.7%, up from 60.6% in the year-ago…
PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America. Shares of the company rose more than 2% in morning trading. Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of…
Delta Air Lines Flight Museum in Atlanta, Ga. Leslie Josephs/CNBC Delta Air Lines forecast a better-than-expected end to 2025 thanks to rising airfares and resilient luxury travel demand. The airline on Thursday projected adjusted earnings of between $1.60 and $1.90 a share for the fourth quarter, compared with the $1.65 per share analysts polled by…
