Blinken says U.S. prepared to increase sanctions on Chinese firms over Russia tiesU.S. Secretary of State Antony Blinken answers questions during a press conference at the US Embassy in China on April 26, 2024 in Beijing, China.Zhao Yun | Visual China Group | Getty ImagesU.S. Secretary of State Antony Blinken…

A brand-new Honda Pilot is displayed on the sales lot at Honda Marin in San Rafael, California, on Feb. 6, 2024.Justin Sullivan | Getty ImagesDEROIT — Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a “comprehensive EV value chain,” the Japanese…

Microsoft shares rose as much as 5% in extended trading on Thursday after the software maker issued fiscal third-quarter results that outdid Wall Street’s expectations.Here’s how the company did in comparison with the consensus from LSEG: Earnings per share: $2.94 vs. $2.82 expectedRevenue: $61.86 vs. $60.80 billion expectedMicrosoft’s total revenue grew…

Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty ImagesChevron beat earnings expectations Friday, but its profit fell from the year-ago period as its refineries and international gas business faced headwinds.Here is what Chevron reported for the first quarter compared…

Exxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.Exxon’s stock is down more than 3%.Here is what Exxon reported for the first quarter compared with what Wall Street was expecting, based on a survey…

Former US President Donald Trump speaks to members of the media at Manhattan criminal court in New York, US, on Thursday, April 25, 2024. Jeenah Moon | Via ReutersFormer President Donald Trump’s political operatives are putting together a plan that would give him unprecedented influence over the Federal Reserve, including a…

Viewstock | View Stock | Getty ImagesLast year, Americans’ confidence that they would have enough money to live comfortably in retirement fell the most since the global financial crisis.New research shows both workers’ and retirees’ confidence has not recovered. But some signs of optimism have emerged, particularly as wage growth…

Check out the companies making headlines before the bell: Microsoft — Shares gained 4% after the tech giant reported fiscal third-quarter results that topped expectations as its Azure business continued to show momentum. Alphabet — The tech behemoth surged more than 11%. Alphabet posted first-quarter results that topped estimates and…

Klaus Vedfelt | Digitalvision | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The wealth gap between rich millennials and the rest of their age group…

Check out the companies making headlines in midday trading: Microsoft — Shares added 1.8% after the tech giant reported better-than-expected fiscal third-quarter results as its Azure business continued to show momentum. Alphabet — The Google parent company rallied 10.2%. Alphabet posted first-quarter results that topped estimates and authorized its first-ever…