Goldman Sachs is set to release its first-quarter earnings report, with Wall Street anticipating earnings of $8.56 per share and revenue of $12.92 billion. These expectations set a high bar for the financial giant, especially following positive reports from competitors like JPMorgan Chase and Citigroup. However, past missteps and challenges faced by CEO David Solomon
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The state of Hawaii has emerged as a surprising leader in the adoption of electric vehicles, with a notable 11.9% of new retail vehicles being EVs sold through February this year. This comes as a stark contrast to the slower adoption rates seen in many other parts of the U.S. According to J.D. Power, Hawaii
JPMorgan Chase is set to release its first-quarter earnings data before the opening bell on Friday. According to LSEG, analysts are expecting earnings of $4.11 per share and revenue of $41.85 billion. Net interest income is forecasted to be $23.18 billion, with trading revenue expected to be $5.19 billion for fixed income and $2.57 billion
Banks of all sizes are bracing themselves for the upcoming earnings season, as the impact of interest rate expectations looms large. While larger banks have historically had an advantage in managing interest rate cycles, smaller regional banks are facing increased pressure due to shifting expectations in interest rate cuts. Smaller banks, like Valley Bank in
Toyota Motor recently unveiled the latest version of its popular 4Runner SUV after nearly 15 years without a redesign. This new model completes the series of updates to the automaker’s trucks and SUVs, bringing a fresh look and some long-awaited changes to the lineup. One of the most significant updates to the 2025 4Runner is
General Motors’ Cruise self-driving vehicle unit is set to make a comeback on U.S. roadways, with a focus on a new strategy following past setbacks. The relaunch will begin with a small fleet of human-driven vehicles in Phoenix after a recent accident in San Francisco drew attention to safety concerns. The redeployed vehicles will not
3G Capital, the Brazilian private equity firm, recently made headlines with the sale of its 16.1% stake in Kraft Heinz after nearly nine years of involvement. This move signifies the end of an era for 3G, whose influence over Kraft Heinz had been waning in recent years. From having three board seats to none by
Spirit Airlines recently announced that it will be deferring deliveries of new Airbus planes in an attempt to boost liquidity. The decision comes as the airline faces challenges due to the grounding of many of its Airbus planes because of a Pratt & Whitney engine recall. CEO Ted Christie stated that while these steps are
The solar eclipse that occurred on Monday not only mesmerized viewers across the United States but also caused unexpected disruptions at some of the country’s smaller airports. While major airports in big cities are no strangers to flight delays due to bad weather and heavy traffic, the eclipse brought a unique challenge to smaller airports.
As Gatorade approaches its 60th year in the market, it continues to assert its dominance as the leading sports drink brand. With a staggering 63.5% share of the U.S. sports drink market in 2023, Gatorade has been a long-standing favorite among consumers. However, the landscape of the sports drink industry is rapidly evolving, with competitors