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Earnings

Second-quarter results exceed expectations, causing Charles Schwab stock to surge 12%

by Adrian Jhonsan
Second-quarter results exceed expectations, causing Charles Schwab stock to surge 12%

A man passes by a location of financial broker Charles Schwab in the financial district in New York, March 20, 2023. Brendan McDermid | Reuters Shares of brokerage firm Charles …

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Categories World

Morgan Stanley (MS) Reports Earnings for Q2 2023

by Adrian Jhonsan
Morgan Stanley (MS) Reports Earnings for Q2 2023

CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014. Getty Images Morgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts’ expectations, helped by …

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Categories World

Stellantis Experiences a 6.4% Surge in New Vehicle Sales during the Second Quarter

by Adesola Mojo
Stellantis Experiences a 6.4% Surge in New Vehicle Sales during the Second Quarter

2021 Dodge Durango SRT Hellcat Fiat Chrysler DETROIT – Higher sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis’ second-quarter U.S. new vehicle sales …

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Categories Automobile

Bank of America (BAC) Reports 2Q 2023 Earnings

by Adrian Jhonsan
Bank of America (BAC) Reports 2Q 2023 Earnings

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022. Al Drago | Bloomberg | Getty …

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Categories World

Surpassing Estimates, Rivian Witnesses Soaring Shares Amid Strong Second-Quarter EV Deliveries

by Adesola Mojo
Surpassing Estimates, Rivian Witnesses Soaring Shares Amid Strong Second-Quarter EV Deliveries

People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan on June 23, 2023 in New York City. Spencer Platt | Getty Images Shares …

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Categories Automobile

Tech Advances Boost Investment Banking at Morgan Stanley

by Adrian Jhonsan
Tech Advances Boost Investment Banking at Morgan Stanley

Morgan Stanley (MS) is set to report quarterly earnings before the opening bell Tuesday. Investment banking is a line item in focus — not for what it can deliver in …

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Categories World

The Unstoppable Rise of Technology: Shaping Our Cognitive Processes

by Milton Acorn
The Unstoppable Rise of Technology: Shaping Our Cognitive Processes

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. FOLLOW US ON GOOGLE NEWS …

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Categories Science

Supply Chain Stability Boosts GM’s Q2 Sales with an 18.8% Surge

by Adesola Mojo
Supply Chain Stability Boosts GM’s Q2 Sales with an 18.8% Surge

2024 Chevrolet Silverado HD ZR2 GM DETROIT – General Motors’ U.S. vehicle sales increased by 18.8% in the second quarter compared with subdued results a year ago when the automaker …

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Categories Automobile

Auto sector: Allocations within the auto industry reach unprecedented levels

by Craig Fedirighi
Auto sector: Allocations within the auto industry reach unprecedented levels

Also, auto makers’ earnings are expected to receive a boost from an increase in volume sales at higher average prices. This is due to the improved share of higher priced …

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Categories Business

F-Series Trucks Drive Jump in Ford’s Second-Quarter U.S. Sales

by Adesola Mojo
F-Series Trucks Drive Jump in Ford’s Second-Quarter U.S. Sales

Ford Motor Company’s electric F-150 Lightning on the production line at their Rouge Electric Vehicle Center in Dearborn, Michigan on September 8, 2022.  Jeff Kowalsky | AFP | Getty Images …

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Categories Automobile
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