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Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback
Finances

Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback

The bank also took impairments related to real-estate investments, much of it tied to office properties. Source link

Tesla to Report Second-Quarter Earnings Fueled by Sales Growth
Business

Tesla to Report Second-Quarter Earnings Fueled by Sales Growth

Analysts are looking to see the impact of price cuts on the EV maker’s bottom line. Source link

Homeowners Don't Want to Sell, So Home Builders Are Booming
Business

Homeowners Don't Want to Sell, So Home Builders Are Booming

High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue
Business

Wall Street Wrestles With Dealmaking, Trading Slump

Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. Source link

Stocks Extend Winning Streak as Bank Earnings Spur Optimism
Finances

Stocks Extend Winning Streak as Bank Earnings Spur Optimism

U.S. indexes were boosted by banks as well as artificial-intelligence related companies such as Microsoft and Nvidia. Source link

Retailers' Problems Get Real
Finances

Retailers' Problems Get Real

Merchants are selling more stuff, but now it is often at lower prices. Source link

Prologis Boosts Outlook on Record Quarterly Earnings
Business

Prologis Boosts Outlook on Record Quarterly Earnings

The logistics-property giant is building and buying warehouses even as interest rates rise and logistics demand falters. Source link

Chipotle Is Bringing Its Burritos to Small Town U.S.A.
Business

Chipotle Is Bringing Its Burritos to Small Town U.S.A.

The fast-casual Mexican chain plans to build hundreds of locations in smaller markets as part of its long-term growth strategy. Source link

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue
Finances

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue

Results show that Wall Street-style businesses like investment banking and trading are still in the doldrums. Source link

Lockheed Martin Projects Higher Sales as War Boosts Orders
Business

Lockheed Martin Projects Higher Sales as War Boosts Orders

The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link