Scott Horsley
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Scott Horsley, NPR News, Washington.
Coca-Cola's stock popped after the company reported better-than-expected quarterly profits.
Sales in North America were flat, but Coke notched gains in Europe, Africa, and the Middle East.
General Motors sales jumped in the most recent quarter, thanks to strong demand for gasoline-powered pickups and big SUVs.
GM now says President Trump's tariffs will be a little less costly than initially forecast.
GM's bill for import taxes this year is expected to run between $3.5 and $4.5 billion, down from an earlier estimate of up to $5 billion.
Coca-Cola's stock popped after the company reported better-than-expected quarterly profits.
Sales in North America were flat, but Coke notched gains in Europe, Africa, and the Middle East.
General Motors sales jumped in the most recent quarter thanks to strong demand for gasoline-powered pickups and big SUVs.
GM now says President Trump's tariffs will be a little less costly than initially forecast.
GM's bill for import taxes this year is expected to run between $3.5 and $4.5 billion, down from an earlier estimate of up to $5 billion.
And streaming giant Netflix is set to report earnings after the market closes this afternoon.
Scott Horsley, NPR News, Washington.
JPMorgan Chase, Goldman Sachs, Wells Fargo, and other big banks all reported solid profits for the most recent quarter, thanks in part to big deal-making fees.
It was a busy summer for mergers and acquisitions, and the banks that helped broker those deals all took their cut.
It was a less rosy season for some regional banks that reported trouble with borrowers, but after some initial jitters, investors seemed to shrug off those concerns.
Meanwhile, the Trump administration continues to send mixed signals on the trade outlook with China.
For the week, the Dow gained 1.5 percent, the S&P 500 index rose 1.7 percent, and the Nasdaq jumped more than 2.1 percent.
Scott Horsley, NPR News, Washington.
With government data on consumer spending held up by the federal shutdown, analysts are watching for other clues, including the big credit card companies.