Check out the companies making headlines before the bell. Goldman Sachs — The investment bank gained nearly 2% after reporting a top- and bottom-line beat in the first quarter. Goldman Sachs posted earnings of $14.12 per share while analysts had called for $12.35, according to LSEG. Revenue of $15.06 billion also beat consensus expectations for $14.81 billion. Pfizer — Shares were down slightly in the premarket after the company said it would halt development of its daily weight loss pill. This comes after a patient experienced a liver injury possibly caused by the drug during a trial. Apple — The…
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Analysts covering Apple are largely relieved after President Donald Trump’s latest walkback on U.S. tariff policies, which stands to directly benefit the iPhone maker alongside other domestic tech giants. Shares jumped more than 4.5% in premarket trading Monday after new U.S. Customs and Border Protection guidance issued late Friday showed that smartphones and computers , as well as other devices and components such as semiconductors, will be exempt from U.S. tariffs. Wall Street is considering the move a boon for Apple after U.S. President Donald Trump earlier this month imposed 145% tariffs on products from China, where the company manufactures the…
The Goldman Sachs headquarters in New York.Bloomberg | Bloomberg | Getty ImagesA growing majority of America’s top executives now expects the U.S. economy to enter a recession in the near future, according to a survey released Monday.Of the more than 300 CEOs polled in April, 62% said they forecasted a recession or other economic downturn in the next six months, according to Chief Executive, an industry group that runs the survey. That’s up from 48% who said the same in March.Chief Executive’s data underscores the growing concern within corporate America around the future of the U.S. economy. Fears about a…
A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022.AaronP | Bauer-Griffin | GC Images | Getty ImagesAirlines have a bird’s eye view of the economy, and CEOs are seeing clouds.Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S. economic picture and weaker near-term demand.Airline CEOs are warning about slowing bookings, including weaker corporate travel, citing President Donald Trump’s trade war, mass government layoffs, fewer visitors from Canada and other countries, and more recently, weaker demand for domestic coach seats as price-sensitive consumers grow skittish about planning…
Gen. Brice Oligui Nguema has won the presidential election in the Central African nation of Gabon, according to provisional results, cementing the military officer’s hold on power after he staged a coup in 2023.General Nguema won with more than 90 percent of the votes, the Interior Ministry said on Sunday. His main opponent, former Prime Minister Alain Claude Bilie-By-Nze, conceded defeat on Monday.Gabon’s Constitutional Court is expected to announce official results in the coming days, though opponents and analysts have suggested that the election was geared toward General Nguema’s victory.General Nguema is now set to govern Gabon for the next…
Lynn Martin, NYSE President, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025.Gerry Miller | CNBC The great American entrepreneur Henry Ford once said, “The only real security that a man can have in this world is a reserve of knowledge, experience and ability.” In surveying the recent volatility in global financial markets from my perch as president of the New York Stock Exchange, I believe this notion remains as true today as it did 100 years ago.After 233 years, the New York Stock Exchange remains the beating heart of the global financial system.…
It was another weekend of head-spinning news, but we are no closer to figuring out what the right level should be for stocks. The good news is that while President Donald Trump has a higher pain threshold than most thought, there is a pain threshold, and the tariff exemption on the electronics industry means that a tech earnings collapse is far less likely. The bad news is that trade policy is now completely dependent on day-to-day negotiations and mood swings, which makes it very difficult to argue for any kind of serious rally, and stagflation worries are not going away.…
This combination of pictures created on April 09, 2025 shows US Middle East envoy Steve Witkoff after a meeting with Russian officials at Diriyah Palace, in Riyadh, Saudi Arabia, on February 18, 2025 (L); and Iran’s Foreign Minister Abbas Araghchi speaking to AFP during an interview at the Iranian consulate in Jeddah on March 7, 2025.Evelyn Hockstein | Amer Hilabi | AFP | Getty ImagesDUBAI, United Arab Emirates — Talks between U.S. President Donald Trump’s administration and Iran’s government on a potential renewed nuclear agreement began on a positive note over the weekend, representatives of both countries said, despite enduring…
Kena Betancur | Corbis News | Getty ImagesPfizer on Monday said it would end development of its experimental daily weight loss pill after a patient experienced a liver injury that was potentially caused by the drug in a trial. The patient did not experience any liver-related symptoms or side effects, a Pfizer spokesperson said in a statement. They added that the patient’s liver enzymes “recovered rapidly” after they stopped taking the pill, which is an oral GLP-1 drug called danuglipron. The statement suggests that the patient’s liver enzymes were elevated, which often indicates damage to cells in the organ and is…
It could be hard for Stellantis to make a rebound after its recent sell-off, according to UBS. Analyst Patrick Hummel downgraded Stellantis to neutral from buy and lowered his 12-month price target from about $18 to roughly $10. His new target suggests about 13% possible upside for the stock, which has plummeted more than 28% over the past month and 32% year to date on tariff concerns. The analyst is losing confidence in the automaker as auto tariffs remain a risk to global demand, saying that it’s “impossible to be confident on U.S. turnaround in an auto tariff world.” “Without…
