Today’s top business headlines with ChristineRomans before the opening bell on Wall Street:
London 1. Banks report: JPMorgan Chase and Wells Fargo are set to report results before the opening bell.
Revenue is expected to be flat at JPMorgan Chase in the first quarter and down at Wells Fargo. Bank stocks have struggled this year, so any indication of a recovery later this year will be welcomed. Shares in JPMorgan Chase have increased 8.8% this year, less than the broader market. Wells Fargo's stock has gained only 3.6%.Wells Fargo's business has been hurt by rising legal fees, a tarnished reputation and tough sanctions from federal regulators.
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Uber lists competitors like Alphabet and Amazon and addresses past scandals in its IPO filingUber says Amazon, DHL, Didi, GrubHub, Lyft and Tesla are among its major competitors in IPO prospectus.
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BOJ Kuroda: Inflation pick-up must be accompanied by wage hikesBank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank was se...
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Opinion | Get Ready for a Pileup, TeslaOpinion: With tax rebates dwindling, Tesla is facing down a $300 billion onslaught of competing, money-losing electric cars, writes HolmanJenkins
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Panasonic says reviewing further investment in Tesla GigafactoryPanasonic Corp is studying further investments in battery production at its Giga...
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Tesla shares slump premarket on report that plan to expand Gigafactory is on holdTelsa Inc. shares fell 4% in premarket trade Thursday, after a report that the electric car maker and Japan's Panasonic Corp. are freezing plans to expand...
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Tesla shares jump as US lawmakers begin push to expand federal electric vehicle tax creditsThe bill could be a boon for the growing electric vehicle market. The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars.
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Tesla pops after news that the tax credit for electric vehicles may be extendedTesla rises on news that the tax credit for electric vehicles may be extended. The legislation has been proposed by a bipartisan group of lawmakers.
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Stocks making the biggest moves midday: Under Armour, Tesla, Lyft, First Solar & moreCheck out the companies making headlines midday Wednesday:
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Exclusive: U.S. bill to boost electric car tax credits could rev GM, TeslaA bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expa...
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Tesla and Panasonic may pause Gigafactory expansion plansThe battery-maker said it's reviewing further investments after a Japanese paper reported it was walking away from an expanded Tesla Gigafactory
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