Latest Market News
JPMorgan Chase & Co. JPM, -6.15% shares fell 3% in premarket trades on Friday on the heels of its fourth-quarter profit update and guidance for 2022. The bank expects 2022 net interest income of about $50 billion, which is below the latest target of $55.7 billion in a survey of analysts by FactSet. JPMorgan Chase […]
The ODP Corp. ODP, +3.13% said Friday its board has decided to delay its plan to split into two companies to give it time to evaluate the potential sale of its consumer business. The office supplies retailer approved a plan for a tax-free spin off to its shareholders last May that would separate ODP from […]
Citigroup Inc. C, -1.25% said Friday its fourth-quarter net income fell to $3.17 billion, or $1.46 a share, from $4.3 billion, or $1.92 a share, in the year-ago period. Revenue increased to $17 billion from $16.8 billion. The New York-based bank beat the Wall Street targets of $1.39 in earnings on revenue of $16.85 billion, […]
Vail Resorts Inc. MTN, +2.12% said Friday that total skier visits at its North American resorts were down 1.7% in the season through Jan. 2, compared to the prior-year period and down 18.3% compared to the fiscal year 2020 season-to-date period, before the start of the pandemic. The ski resort operator said season-to-date total lift […]
The numbers: Sales at U.S. retailers such as Target and Amazon sank 1.9% in December — the biggest drop in 10 months — as the omicron variant of coronavirus spread like wildfire and shoppers confronted higher prices and shortages of some popular products. Economists polled by The Wall Street Journal had forecast a 0.1% decline […]
The World Bank on Tuesday trimmedforecasts for economic growth in the United States, the Eurozone and China and warned that high debt levels, rising income inequality and new strains of coronavirus threaten recovery in developing countries.Global growth in 2022 is expected to slow “significantly” to 4.1% from 5.5% a year earlier, and to 3.2% in […]