Francesca Fontana
👤 PersonAppearances Over Time
Podcast Appearances
Early in the week, Capital One had some good news sending its shares higher, including the green light on its merger with rival credit card giant Discover. Capital One on Tuesday posted a higher quarterly profit, and the bank said it's prepared to complete the $35 billion acquisition in May, after regulators approved the merger the Friday before. This deal is big for Capital One.
Early in the week, Capital One had some good news sending its shares higher, including the green light on its merger with rival credit card giant Discover. Capital One on Tuesday posted a higher quarterly profit, and the bank said it's prepared to complete the $35 billion acquisition in May, after regulators approved the merger the Friday before. This deal is big for Capital One.
It expands its credit card business, and it gives the bank a card network to compete with Visa and MasterCard. Both Capital One and Discover are card issuers. They give out and manage credit cards. But only Discover is a network, the ones that make the transactions happen between merchants and credit cards.
It expands its credit card business, and it gives the bank a card network to compete with Visa and MasterCard. Both Capital One and Discover are card issuers. They give out and manage credit cards. But only Discover is a network, the ones that make the transactions happen between merchants and credit cards.
Investors cheered all the news, sending Capital One shares up 1.5% on Monday and 3.1% on Tuesday. And for the week, the stock gained more than 12%.
Investors cheered all the news, sending Capital One shares up 1.5% on Monday and 3.1% on Tuesday. And for the week, the stock gained more than 12%.
Earnings season is in full swing, and one big sector to watch during the week was consumer products makers, as a bunch of them announced outlook cuts that gave us a window into how the trade war is affecting the makers of everything from shampoo to detergent to toilet paper. Some names for you, Kimberly-Clark, Procter & Gamble, and Colgate-Palmolive.
Earnings season is in full swing, and one big sector to watch during the week was consumer products makers, as a bunch of them announced outlook cuts that gave us a window into how the trade war is affecting the makers of everything from shampoo to detergent to toilet paper. Some names for you, Kimberly-Clark, Procter & Gamble, and Colgate-Palmolive.
Kimberly-Clark, Kleenex tissues, Huggies diapers, on Tuesday said it expects $300 million in new costs this year related to the trade war. And Procter & Gamble, which makes Tide detergent, for one, on Thursday posted lower sales and said it would do whatever it could, including possibly changing product formulations, to mitigate the effects of tariffs.
Kimberly-Clark, Kleenex tissues, Huggies diapers, on Tuesday said it expects $300 million in new costs this year related to the trade war. And Procter & Gamble, which makes Tide detergent, for one, on Thursday posted lower sales and said it would do whatever it could, including possibly changing product formulations, to mitigate the effects of tariffs.
On Friday, Colgate-Palmolive bucked the trend a bit by posting better-than-expected results, but executives said consumers worried about the economy have been buying less. So how'd the stocks do this week? Well, Procter & Gamble ended down 5%, Kimberly-Clark fell 7.9%, and Colgate-Palmolive dropped 1.7%.
On Friday, Colgate-Palmolive bucked the trend a bit by posting better-than-expected results, but executives said consumers worried about the economy have been buying less. So how'd the stocks do this week? Well, Procter & Gamble ended down 5%, Kimberly-Clark fell 7.9%, and Colgate-Palmolive dropped 1.7%.
Now back to Alphabet, parent company of Google and one of the first big tech companies to report its quarterly results this season. And in the midst of all the economic turbulence, its latest earnings managed to hold up. Alphabet's operating income beat Wall Street's expectations, and it's still spending hand over fist to invest in AI.
Now back to Alphabet, parent company of Google and one of the first big tech companies to report its quarterly results this season. And in the midst of all the economic turbulence, its latest earnings managed to hold up. Alphabet's operating income beat Wall Street's expectations, and it's still spending hand over fist to invest in AI.
In the first quarter, capital expenditures reached a record $17.2 billion. Google's all-important advertising revenue rose 8% on the year, But this is something to watch as the rest of the year unfolds. Because while most of Google's business isn't directly affected by all the tariffs, the ad sector is vulnerable in an economic downturn. And it makes sense, right?
In the first quarter, capital expenditures reached a record $17.2 billion. Google's all-important advertising revenue rose 8% on the year, But this is something to watch as the rest of the year unfolds. Because while most of Google's business isn't directly affected by all the tariffs, the ad sector is vulnerable in an economic downturn. And it makes sense, right?
Brands tend to pull back spending when consumers aren't in the mood to buy. Alphabet shares ended up adding 1.5% on Friday after the company reported Thursday afternoon. And on the week, the stock gained 6.8%. And now you know what's news in markets this week. You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section.
Brands tend to pull back spending when consumers aren't in the mood to buy. Alphabet shares ended up adding 1.5% on Friday after the company reported Thursday afternoon. And on the week, the stock gained 6.8%. And now you know what's news in markets this week. You can read about more stocks that moved on the week's news in The Score, my column in the Wall Street Journal's Exchange section.
Today's show was produced by Zoe Kolkin and Michael LaValle with supervising producer Talia Arbel. I'm Francesca Fontana. Have a great weekend and see you next Saturday.
Today's show was produced by Zoe Kolkin and Michael LaValle with supervising producer Talia Arbel. I'm Francesca Fontana. Have a great weekend and see you next Saturday.