News

GDP shrinks for first time in 3 years as Trump tariffs trigger record trade deficit
The U.S. economy contracted in the first quarter of 2025 for the first time in three years, reflecting a surge in imports ...
GDP shrinks at 0.3% pace in first quarter. First decline since 2022.
Gross domestic products contracted at a 0.3% annual rate in the first quarter. Record trade deficit behind the first decline since early 2022. Consumer spending, the main conduit of economic growth, ...
Wingstop 1Q Earnings Rise, Outlook Altered on Macro Changes
Wingstop now expects 1% growth in domestic same-store sales, compared with previous guidance of low to mid-single digit growth. The global unit growth rate is now expected to be 16% to 17%, down from ...
Citizens Financial's Woods to Leave for State Street CFO Role -- Update
The chief financial officer of Citizens Financial Group is leaving at the end of the summer to take the same role at custodial bank State Street. The bank holding company said Wednesday that John ...
Illinois Tool Works Maintains Outlook as Pricing Actions Expected to Offset Tariffs
Illinois Tool Works upheld its outlook for the year despite broader economic uncertainty by way of tariffs. "We are maintaining our full year 2025 guidance as we expect our ongoing pricing actions to ...
U.S. businesses pull back from hiring due to unease about outlook, ADP says
U.S, companies only 62,000 jobs in April, the ADP National Employment Report showed on Wednesday. This is the lowest since last July. Economists polled by the Wall Street Journal had forecast a gain ...
Mexico 1Q Prelim GDP +0.2% on Quarter, Seasonally Adjusted
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
Traders brace as four of Mag. 7 deliver earnings and guidance over next two days
Two of the Magnificent 7 tech stocks deliver results after Wednesday's closing bell: Microsoft, the S&P 500's second biggest stock with a 6.2% weighting, and Meta Platforms, the fifth biggest with a 2 ...
Wabash Shares Slide After Company Cuts 2025 Revenue View on Weak Demand
Wabash warned it now expects an adjusted 2025 loss in a range between 35 cents and 85 cents a share. In January, the company forecast earnings in a range between 85 cents and $1.05 a share. The ...
Meta earnings are just around the corner — but the guidance is a bigger focus
Meta reports first-quarter earnings after the close of trading on Wednesday. MarketWatch will be breaking down the expectations and results.
How will Meta approach its earnings outlook?
Meta's guidance will be a major focal point of Wednesday afternoon's earnings report. While Evercore ISI analyst Mark Mahaney thinks Meta will deliver in-line results for the latest quarter, he's not ...
Hess 1Q Profit, Revenue Decline from Year Earlier
Hess reported lower profit and revenue in its latest quarter as results were impacted in part by lower average selling prices for crude oil from a year earlier. The oil-and-gas production company on ...