Breaking News: Markets

Pedestrians pass a JPMorgan Chase bank branch in New York.Michael Nagle | Bloomberg | Getty ImagesThe three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the penalties.JPMorgan Chase, Wells Fargo and Bank of America reported a combined $2.2 billion in overdraft fees in 2023, roughly $700 million less than the previous year, according to regulatory filings.Overdraft fees are triggered…

Pepsi bottles are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo on Friday reported mixed quarterly results as North American demand for its food and drinks weakened.Shares of the company fell more than 1% in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: $1.78 adjusted vs. $1.72 expectedRevenue: $27.85 billion vs. $28.4 billion…

A Spirit Airlines plane awaits takeoff at LaGuardia Airport in New YorkLeslie Josephs/CNBCSpirit Airlines' fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is on a path back to profitability and that the domestic air travel market is improving.The carrier is trying to find its footing after domestic fares fell, a Pratt & Whitney engine issue grounded some of its Airbus its planes and a judge blocked JetBlue Airways' planned acquisition of the carrier earlier this year. The two carriers…

The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty ImagesEmbattled lender New York Community Bank disclosed a litany of financial metrics in the past 24 hours in a bid to soothe skittish investors.But one of the most crucial resources for any bank appears to be in short supply for NYCB lately: confidence.The regional bank late Tuesday said that deposits were stable at $83 billion and that the firm had ample resources to cover any possible…

KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada.Artur Widak | Nurphoto | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as KFC, Taco Bell and Pizza Hut all posted weaker-than-expected sales.Yum is the third global restaurant giant to report disappointing revenue for the last three months of 2023. Starbucks and McDonald's both missed Wall Street's expectations, citing the Israel-Hamas war among…

Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos.It's a story increasingly familiar in the energy industry: Some utility companies don't properly assess the risks wildfires pose to their operations. A failure to mitigate these risks can have disastrous consequences for both fire victims and utility investors.Through interviews with experts and a review of public records, CNBC found evidence of safety shortcomings in the utility…

A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar | ReutersNew York Community Bank's shares continued their downward spiral Wednesday after Moody's Investors Service cut the firm's credit rating two notches to junk status.NYCB shares fell about 3%, trimming earlier losses of around 10%, in premarket trading. That followed a 22% decline Tuesday.The regional bank has been in freefall since reporting a surprise loss last week, along with mounting losses…

People visit a Chipotle restaurant in Miami on Feb. 9, 2022.Joe Raedle | Getty ImagesChipotle Mexican Grill on Tuesday posted quarterly earnings and revenue that beat analysts' expectations as more customers visited its restaurants.Shares of the company rose more than 2% in extended trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Earnings per share: $10.36 adjusted vs. $9.75 expectedRevenue: $2.52 billion vs. $2.49…

In this photo released by the National Transportation Safety Board, investigator-in-charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 in Portland, Oregon, on Jan. 7, 2024.National Transportation Safety Board via APBolts appeared to have been missing from a door plug that blew out midair on Boeing 737 Max 9 operated by Alaska Airlines last month, according to a preliminary report from the National Transportation Safety Board released Tuesday.The Jan. 5 blowout left a gaping hole in the side…

Ford CEO Jim Farley at the company's Dearborn, Michigan, plant where it's building the electric F-150 Lightning on April 26, 2022.CNBC | Michael WaylandDETROIT – Ford Motor is announcing fourth-quarter and 2023 earnings after the markets close Tuesday.Here's what Wall Street expects, based on average analysts' fourth-quarter estimates compiled by LSEG, formerly known as Refinitiv:Adjusted earnings per share (EPS): 14 centsAutomotive revenue: $40.12 billionThose results would mark a 73.4% decrease in adjusted EPS compared…