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Posts by Chuck Mikolajczak

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This is quite a comment from someone who served on the FOMC for nearly four years with Kevin Warsh. He says Warsh failed to project independence at his hearing.

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Home improvement firm Masco beats quarterly sales estimates on improving demand Masco beat Wall Street estimates for first-quarter sales on Wednesday, helped by improving demand for its small-ticket ​building materials.

$MAS +9.1% premarket

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Boston Scientific cuts 2026 profit forecast, trims revenue growth view Medical device maker Boston Scientific cut its annual profit forecast on Wednesday, overshadowing a first-quarter earnings and revenue beat, while its shares were ​little changed after earlier volatil...

$BSX +5.2% premarket

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GE Vernova lifts 2026 outlook as data center boom fuels power equipment demand Power equipment maker GE Vernova on Wednesday raised its annual forecasts for revenue and adjusted core ​profit margin, betting on surging demand from data centers and grid ‌infrastructure, sending it...

$GEV +8% premarket

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Boeing posts smaller-than-expected quarterly loss as recovery gains traction Boeing ​on Wednesday reported a much smaller first-quarter loss than analysts expected, a sign of continued operational recovery at the ‌U.S. planemaker after the pandemic and years of crises that den...

$BA +3.9% premarket

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Best Buy taps insider Bonfig to succeed veteran Barry as CEO Best Buy on Wednesday named insider Jason Bonfig as CEO, replacing longtime executive Corie Barry, in a leadership change that comes as the U.S. retailer grapples with weak consumer demand ​and tariff...

$BBY -4.2% premarket

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GE Aerospace keeps outlook, flags slower flight growth as fuel costs rise GE Aerospace said on Tuesday it was on track to hit the high end ‌of its 2026 profit outlook, but is bracing for a tougher backdrop of elevated oil prices, fuel supply constraints and slower global gr...

$GE -2.8% premarket

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Trump says he would be disappointed if Warsh didn't cut rates quickly U.S. President Donald Trump ​on Tuesday ​told CNBC that ⁠he would be ​disappointed if ​Kevin Warsh, his nominee for Fed chair, ​did not ​cut interest rates right ‌away ⁠once he took office after being...

LOL

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VIEW UnitedHealth's strong first quarter, forecast raise cheer Wall Street UnitedHealth opened the first-quarter earnings season for insurers with a strong performance, raising its annual profit forecast and surpassing Wall Street expectations for quarterly earnings and reve...

$UNH +7.4% premarket

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Apple turns to hardware veteran Ternus as CEO to succeed Cook in AI age John Ternus, who joined Apple in 2001, has played a central role in reviving products such as the Mac and has been deeply involved in shaping Apple's biggest products such as iPads and AirPods.

$AAPL -0.6% premarket

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March retail control +0.7% vs +0.2%est; retail sales M/M +1.7% vs +1.4% est

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ADP weekly +54.750k vs prior 39.250k

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Countries to discuss Hormuz mission for when conflict ends France and Britain will chair a meeting ​on Friday of around 40 countries aimed at signalling to the United States that some of its closest allies are ready to ‌play a role in restoring freedom of nav...
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Netflix shares slide after surprise Hastings exit sparks growth concerns Netflix shares fell nearly 10% in premarket trading on Friday after chairman and co-founder Reed Hastings said he was leaving the company ​at a pivotal moment, as the streaming pioneer hunts for new g...

$NFLX -10.8% premarket

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Initial claims +207k vs +215k est; April Philly Fed +26.7 vs +10.0 est

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March import prices M/M +0.8% vs +2.0% est, export prices M/M +1.6% vs +1.5% est; Empire State Mfg +11.0 vs -0.5

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Morgan Stanley's profit beats estimates on dealmaking surge, trading boost Morgan Stanley beat Wall Street expectations for first-quarter profit on Wednesday, as ​the investment bank benefited from a surge in dealmaking and raked in record revenue from its ‌equities trading ...

$MS +2.7% premarket

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Bank of America beat profit estimates as trading, investment banking shine Bank of America beat estimates for first-quarter profit, boosted by record equities trading and higher investment banking fees from a rebound in mergers and acquisitions.

$BAC +0.8% premarket

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BlackRock quarterly profit rises on active ETFs and performance fees BlackRock reported a rise in first-quarter profit on Tuesday, reflecting strong flows into its exchange-traded funds (ETFs) ​and a sharp increase in performance fees, sending its shares up 3% ‌before ...

$BLK +1.8% premarket

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Citi profit beats estimates as market volatility lifts trading revenue Citigroup beat estimates for first-quarter profit on Tuesday, as geopolitical tensions fueled market volatility and boosted trading revenue, while strong dealmaking buoyed investment banking fees, sen...

$C +1.8% premarket

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Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Musk's Starlink Amazon.com said on Tuesday it would acquire Globalstar in an $11.57 billion deal, bolstering its fledgling satellite business as it looks to take ​on Elon Musk-led bigger rival Starlink.

$AMZN +1.2%, $GSAT +9.3% premarket

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Wells Fargo interest income misses estimates, shares fall Wells Fargo's interest income fell short of Wall Street expectations in the first quarter on Tuesday, as a string of rate cuts from the U.S. Federal Reserve dragged down loan yields.

$WFC -2.8% premarket

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JPMorgan profit beats estimates on record trading haul, strong dealmaking JPMorgan Chase posted a better-than-expected 13% jump in first-quarter profit on Tuesday as volatile ​markets lifted trading revenue to a record and dealmaking improved, even as CEO Jamie Dimon warned...

$JPM -0.8% premarket

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US, Iran may resume talks this week despite port blockade Negotiating teams from the U.S. and Iran could return to Islamabad ​this week to resume talks to end the war, sources told Reuters on Tuesday, after the collapse of weekend negotiations prompted Washi...
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March PPI final demand M/M +0.5% vs +1.1% est, Y/Y +4.0% vs +4.7% est

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March existing home sales +3.98 mln vs +4.06 mln est

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Oil jumps nearly 8% to above $102 ahead of US blockade on Iran Brent crude ​futures rose ‌to $102.31 ⁠a barrel.
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Goldman Sachs beats profit estimates on boost from dealmaking, equities trading Goldman Sachs beat Wall Street expectations for first-quarter profit on Monday, driven by strength in dealmaking and equities trading.

$GS -4.5% premarket

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Feb factory orders 0.0% vs -0.2% est; April prelim UMich sentiment +47.6 vs +52.0 est

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March CPI M/M +0.9% vs +0.9% est, Y/Y +3.3% vs +3.3% est; Core CPI M/M +0.2% vs +0.3% est, Y/Y +2.6% vs +2.7% est

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