Banks

General Motors tops earnings estimates but the stock falls, and Lockheed Martin stock declines after the defense contractor’s earnings included charges of $1.7 billion that took Wall Street by surprise.

The brokerage firm’s stock has risen 334% over the past year and Robinhood now has a market capitalization of $92 billion.

Sam Altman spoke to a packed room at a conference held by the Federal Reserve in Washington, D.C.

Two brokerage-industry leaders ask why investors would trade imitations of popular U.S. stocks when they can trade the real thing.

Sarepta says it will continue to ship Elevidys despite FDA requests that it stop shipments of the Duchenne muscular dystrophy gene therapy, while Verizon tops earnings expectations and raises 2025 guidance.

Citi shares have gained 33% so far in 2025, the best among the 20 stocks in the KBW bank-stock index.

The Financial Select Sector exchange-traded fund sits at just over $52. Sellers knock it lower each time it nears its record at a bit more than $53.

Second-quarter profit jumps 46% at Netflix, while a report says Union Pacific is in early-stage talks to buy smaller railroad rival Norfolk Southern.

Cardholder spending rises 7% in the second quarter.

The wealth management company brought in $80.3 billion in net new assets for the quarter and total client assets hit a record $10.76 trillion.

The company reported the number of customer accounts jumped 32% year over year to 3.87 million.

Management was generally optimistic about the state of their businesses, against the odds.

Lucid soars after announcing a self-driving partnership with Uber Technologies and Nuro, Taiwan Semiconductor Manufacturing reports a record profit in the second quarter, and PepsiCo’s adjusted earnings top forecasts.

The government is retrenching on infrastructure spending and corporate earnings expectations are down. But a retail frenzy has kept valuations rich.

Crypto bills advance to debate, United Airlines earnings beat expectations, Labubu dolls give Pop Mart a boost, and more news to start your day.

Michael Barr issued a stark warning Wednesday about efforts to soften financial regulation, and he asked policymakers to “resist the pressure” to ease restrictions.

ASML falls sharply after issuing a growth warning, while Goldman Sachs, Morgan Stanley, and Bank of America post better-than-expected quarterly earnings.

Assets under management at some of the nation’s largest wealth management businesses are up, but net new assets for the second quarter tell a more nuanced story.

House deals a blow to “Crypto Week,” ASML warns on 2026 growth, a promising Chinese weight-loss drug, and more news to start your day.

Nvidia stock jumps after the chip maker says it soon expects to again begin selling its H20 AI chip in China, while earnings from JPMorgan Chase, Wells Fargo, and Citigroup beat analysts’ estimates.

Boeing shares rise as the accident of Air India flight 171 doesn’t appear to have anything to do with aircraft design or manufacturing, while MicroStrategy and crypto-related stocks jump as Bitcoin sets a record high.

JPMorgan intends to levy fees against data aggregators, which link banks and fintechs, according to a Bloomberg report.

A federal appeals court rejected Morgan Stanley’s request to revisit a lower court’s order to compel advisors to take their deferred compensation claims against the company to private arbitration.

EU, Mexico press for trade deal, inflation data coming this week, major banks kick off earnings season, and more news to start your day.

The stocks have surged to prices that may give them little room for error as investors evaluate the results.