Wall Street Ends Mixed Week With Energy-Led Decline
Stocks slide for the third straight session as energy shares lead losses ahead of Easter weekend. Major indexes fall with the S&P 500 down 0.7 percent to 2328.95 and the Dow at 20453.25 while bonds rise and gold hits 1288.50 an ounce.
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McDonald’s Easterbrook earns 15.4 million amid refresh push
McDonald’s CEO Steve Easterbrook drew a 15.4 million package last year with 1.3 million salary 9 million in stock and options and 4.6 million in incentives. Perks included retirement contributions and a car allowance as the company rolls out all day breakfast and fresh beef Patties while customer visits dip. PNC Financial reports Q1 net income of 973 million up from 859 million with 1.96 per share on 3.88 billion revenue and higher loans and rates.
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JPMorgan beats profit forecasts in Q1 earnings rise
JPMorgan Chase reported first quarter net income of 6.45 billion dollars or 1.65 per share, up from 5.52 billion or 1.35 a year earlier, aided by higher interest rates and stronger investment banking results. Analysts tracked by See ROUNDUP, C11.
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Trump softens stance on trade under pressure
President Trump eases hard line rhetoric on China currency manipulation and NAFTA change. He shifts from threats of currency labeling and 45 percent tariffs to seeking Xi Jinping partnership on North Korea, signaling a pragmatic pivot in trade policy.
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