JPMorgan Chase’s first-quarter earnings report is set to be released before the market opens on Friday. Analysts are predicting earnings of $4.11 per share and revenue of $41.85 billion, according to LSEG. Net interest income is expected to come in at $23.18 billion, while trading revenue is estimated to be $5.19 billion for fixed income
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Banks of all sizes are set to report their quarterly results, with a particular focus on how the changing interest rate environment will affect their bottom lines. The consensus seems to be moving towards a scenario of “higher for longer,” where expectations for interest rate cuts are reduced from six to possibly three this year.
Toyota Motor recently unveiled the new 4Runner SUV after almost 15 years, marking the completion of the redesign of the automaker’s current trucks and SUVs. The 2025 4Runner boasts a fresh look that resembles the updated Toyota Tacoma pickup. In addition to its new appearance, the latest model will also be available with a hybrid
General Motors’ Cruise self-driving unit is making a comeback after a temporary halt in operations following an unfortunate accident in October. The company has decided to redeploy its vehicles on U.S. roadways, starting with a small fleet of human-driven cars in Phoenix. This relaunch marks a pivotal moment for Cruise, as it strives to rebuild
Spirit Airlines recently announced that it will be deferring deliveries of new Airbus planes in an attempt to boost its liquidity. This decision comes as the airline tries to navigate through a challenging period and secure a strong and profitable future. CEO Ted Christie emphasized the necessity of these steps, despite not being ones that
Gatorade, as it approaches its 60th anniversary, still remains the dominant force in the sports drink market. With a staggering 63.5% market share in the U.S. sports drink market in 2023, according to Euromonitor International data, Gatorade has solidified its position as the go-to choice for athletes and fitness enthusiasts. Owned by PepsiCo, Gatorade has
Artificial intelligence has played a crucial role in advancing weather forecast modeling for numerous years, and recent developments in generative AI are opening up new possibilities for further improvements. The partnership between Spire Global and Nvidia exemplifies this trend, with the CEO of Spire Global, Peter Platzer, emphasizing how deep learning and neural networks have
As the automotive industry continues to shift towards electric vehicles (EVs), Ford Motor Company has experienced delays in production of its all-electric large SUV and pickup truck. The Detroit automaker is pushing back the production timelines for these vehicles in favor of offering hybrid options across its entire North American lineup by 2030. This decision
Disney shareholders made their voices heard by reelecting the media conglomerate’s full board, pushing back against pressures from activist investors Nelson Peltz and former Marvel CEO Ike Perlmutter. Despite months of combative efforts by Peltz and his Trian Partners to effect change within Disney’s board, they were met with resounding defeat as longstanding board members,
The Spring housing market is currently defying expectations that prices would cool down and competition would ease due to higher mortgage rates. Typically, higher mortgage rates cool both prices and demand, but that’s not the case at the moment. Despite the rise in mortgage rates, there are still too few homes for sale, as current