Joe Wallace

**PVH (PVH)**: Shares slid more than 20% after the owner of Calvin Klein and Tommy Hilfiger warned that it expected an 11% drop in sales for the current quarter. **Humana (HUM)**, **CVS Health (CVS)**, **UnitedHealth (UNH)**: Shares of the health-insurance and drugstore companies fell after the Biden administration said final Medicare Advantage rates for 2025 won't change much compared to an earlier proposal.

“Cappuccino” and the improper mixing of oils aboard ships plague the industry as investigators probe the cause of the cargo vessel Dali's crash into Baltimore's Francis Scott Key Bridge.

NEWSPLUS It’s results day on Wall Street. JPMorgan Chase Wells Fargo and Citigroup are set to report first-quarter earnings, kicking off results season for the biggest U.S. banks. Bank stocks have missed out on this year’s stock-market rally.

NEWSPLUS It’s results day on Wall Street. JPMorgan Chase and Wells Fargo reported first-quarter earnings, kicking off results season for the biggest U.S. banks. Meantime, BlackRock earnings and revenue topped analysts’ expectations.

↘️ **JPMorgan Chase (JPM)**, **Wells Fargo (WFC)**: The banking giants posted earnings and revenue that trumped Wall Street's expectations. However, JPMorgan projected muted growth for the rest of the year.

JPMorgan Chase and Wells Fargo reported better-than-expected first-quarter earnings, kicking off the quarterly reporting season for the biggest U.S. banks. The Dow and S&P 500 are on track for weekly losses, with the Nasdaq poised for modest gains. Bank stocks have missed out on this year’s stock-market rally.

Signs that central banks in Europe may diverge from the Federal Reserve are driving the dollar to its strongest levels in months.

JPMorgan Chase and Wells Fargo reported better-than-expected first-quarter earnings, kicking off the quarterly reporting season for the biggest U.S. banks. Bank stocks have missed out on this year’s stock-market rally, and indexes of both big and regional bank shares fell today. Benchmark Brent crude futures rose toward $91 a barrel, driven by Israel-Iran tensions.

Stocks are in retreat on an earnings-filled day on Wall Street. JPMorgan Chase and Wells Fargo reported better-than-expected first-quarter earnings, kicking off the quarterly reporting season for the biggest U.S. banks. U.S. stocks fell, while the 10-year Treasury bond yield hovered near 4.5%.

**↘️** **Netflix (NFLX)**: The streaming company's shares fell roughly 6% in premarket trading, even though Netflix's quarterly results topped forecasts. The stock had risen more than 25% this year ahead of the earnings report, and Netflix's projections for revenue this quarter weren't as rosy as analysts' expectations.