BlackRock, Inc., the world’s largest asset manager, has reported a highly successful third quarter for 2024, marked by strong financial growth. The firm’s total assets under management (AUM) surged to a record $11.5 trillion, driven by $221 billion in net inflows during the quarter. This represents a significant year-over-year increase of $2.4 trillion in AUM, showcasing BlackRock's continued leadership in the asset management industry.

Wells Fargo & Co. announced its third-quarter 2024 financial results, revealing mixed performance. The bank's net income dropped by 11.3% year-over-year to $5.11 billion, while revenue fell 2% to $20.37 billion. This decline in revenue was driven primarily by an 11% drop in net interest income, which came in at $11.69 billion. Higher funding costs and customer movement towards higher-yielding deposits were key factors contributing to the lower interest income.

JPMorgan Chase & Co. has once again exceeded market expectations with its third-quarter 2024 earnings report, delivering robust results. The bank reported a net income of $12.9 billion, a slight decrease from $13.1 billion in the same period last year. However, earnings per share (EPS) rose to $4.37, outperforming analysts' expectations of $4.01. This represented a 1% increase in EPS year-over-year, despite the minor decline in net income.

The U.S. Department of Justice (DOJ) has intensified its efforts against Google in a landmark antitrust case, marking a potential turning point for Big Tech regulation. This week, the DOJ revealed it is seriously considering drastic remedies to curb Google's dominance, including breaking up the tech giant's key business units such as Chrome and Android. This follows an August 2024 ruling that found Google had been illegally maintaining a monopoly over internet search and advertising.

PepsiCo has announced its third-quarter earnings for 2024, revealing a mixed performance. The company reported a decline in overall revenue but managed to beat profit expectations, demonstrating resilience in several key segments despite global challenges. Here's a detailed breakdown of the report.

McCormick & Co., a global leader in spices and flavor solutions, delivered better-than-expected Q3 2024 earnings, driving a 5% increase in its stock price. The company reported revenue of $1.68 billion, which remained flat compared to the same quarter last year but surpassed market expectations. The earnings per share (EPS) increased by 32% to $0.83, well above analysts' estimates of $0.67, reflecting strong operational performance and cost control efforts.

Paychex, Inc. (NASDAQ: PAYX) kicked off its fiscal year 2025 with solid Q1 earnings, posting a 3% year-over-year increase in revenue, reaching $1.32 billion. The payroll and human resource services giant also delivered adjusted earnings per share (EPS) of $1.16, slightly above the consensus estimate of $1.14. This growth was primarily driven by the company's strong performance in Human Capital Management (HCM) solutions and Professional Employer Organization (PEO) services​.

Nike, Inc. reported its Q1 2025 fiscal earnings on October 1, revealing a 10% decline in revenue to $11.6 billion, down from $12.9 billion in the same period last year. This drop is attributed to weakening demand across major markets, notably in North America, where revenue fell by 11%, and Europe, the Middle East, and Africa, which saw a 13% decline. Greater China also posted a 4% drop in sales.

Carnival Corporation, the world's leading cruise operator, posted impressive financial results for the third quarter of 2024, breaking several records and surpassing market expectations. With revenue reaching an all-time high of $7.9 billion, a 15% increase year-over-year, Carnival demonstrated a strong recovery and continued growth in the cruise industry. This financial achievement exceeded the expected $7.83 billion forecast, signaling robust consumer demand for cruises despite inflationary pressures.

In the final week of September 2024, Alibaba's stock surged over 20%, reaching its highest point in a year. This impressive growth stems from a combination of strategic innovations, favorable regulatory changes, and broader economic support in China.

SoFi Technologies (NASDAQ: SOFI), a leading fintech company, is set to report its Q3 2024 earnings on November 4, 2024. Investors and analysts are keenly observing the company's performance, especially in light of its recent growth and the Federal Reserve’s interest rate cuts, which could significantly influence SoFi's future prospects.

On September 26, 2024, Jabil Inc. (NYSE: JBL) released its financial results for the fourth quarter and full fiscal year, reporting mixed outcomes that exceeded market expectations in some areas while showing weakness in others.

On September 26, 2024, Accenture reported its financial results for the fourth quarter and full fiscal year 2024, showcasing a robust performance despite some concerns over future revenue growth.

On September 26, 2024, Costco Wholesale Corporation (NASDAQ: COST) announced its financial results for the fourth quarter and full fiscal year 2024. Despite revenue growth falling short of analysts' expectations, Costco managed to surpass earnings forecasts, signaling resilience in its core business amid economic challenges.

Micron Technology (MU) has delivered strong results for the fourth quarter of fiscal 2024, surpassing analysts' expectations and marking a significant turnaround compared to the same period last year. The company reported revenues of $7.75 billion, up from $4.01 billion in Q4 2023. This growth is largely driven by the increasing demand for high-bandwidth memory (HBM), essential for artificial intelligence (AI) applications in data centers.

AutoZone (NYSE: AZO), a leading auto parts retailer, has released its earnings for the fourth quarter of fiscal 2024, showing impressive financial performance despite some headwinds in the U.S. market. The company posted quarterly revenues of $6.2 billion, a 9% increase compared to the previous year, although slightly below analyst expectations of $6.22 billion.

The US stock market experienced significant movements over the past weekend, influenced by a range of macroeconomic and market events. From Federal Reserve decisions to shifts in key sectors, here’s a breakdown of the most important updates.

Lennar Corporation (NYSE: LEN and LEN.B), one of the largest homebuilders in the U.S., has announced its financial results for the third quarter of 2024. The company delivered solid performance backed by a favorable economic environment, growing demand, and efficient operational strategies.

FedEx (FDX) recently held its Q1 2025 earnings call, discussing the company's performance for the period ending June 30, 2024. During the call, executives highlighted the effects of a challenging demand environment, the progress of cost-reduction initiatives through their DRIVE program, and updates on network optimization. Below is a detailed analysis of the key points from the call.

The U.S. stock market witnessed notable shifts on September 18, 2024, as investors reacted to major financial news, particularly the Federal Reserve’s unexpected decision to reduce interest rates by 50 basis points. This substantial cut, the first in four years, was aimed at preventing further labor market weakening as inflation continues to ease. Although this move was designed to support the economy, market participants exhibited mixed reactions, leading to a volatile trading day.