Trading Ideas
Take Control Of Your Personal Finances – How To Be Financially Free
The post Take Control Of Your Personal Finances – How To Be Financially Free appeared first on Investment U. …read more […]
Month: May 2020
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Business News
Ford plans to restart North America production from May 18
U.S. automaker Ford Motor Co said on Thursday it is planning to restart production and operations in North America in a phased manner, starting May 18.
Business News
Macy’s delays first-quarter results to July 1, citing COVID-19 disruption
Department store chain Macy’s Inc on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the COVID-19 pandemic, which has also led to delay in financial statement preparation.
Business News
Uber sees ride business up from coronavirus lows in some U.S. markets
Uber Technologies Inc ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.
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Dropbox Posts First Net Income on Rising Cloud-Software Demand
(Bloomberg) — Dropbox Inc. reported its first-ever net income, in a quarter when demand for cloud software was bolstered by a shift to working from home.Earnings in the first quarter were $39.3 million, or 9 cents a share, the San Francisco-based company said in a statement on Thursday. Sales rose 18% to $455 million. Analysts on average had projected a net loss of 3 cents and revenue of $452.2 million. Dropbox has exceeded analysts’ estimates for sales and profit every quarter since going public in March 2018, according to data compiled by Bloomberg.The milestone caps years of work by Dropbox …read more […]
Business News
World stocks climb on China trade relief, while U.S. jobs data dents dollar
World shares rose on Thursday after China’s exports came in far stronger than expected, suggesting an economic recovery was under way, but the dollar fell from two-week highs as U.S. data showed millions more Americans joined the ranks of the unemployed.
Business News
Wall Street gets PayPal lift as Nasdaq wipes out 2020 declines
Wall Street’s indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
Business News
Uber sees encouraging signs in reopening markets, posts $2.9 billion loss
Uber Technologies Inc said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it posted a 14% rise in revenue growth, supported by its Uber Eats food-delivery business.
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Business News
Michigan governor allows coronavirus-hit manufacturers to reopen on May 11
Michigan Governor Gretchen Whitmer on Thursday said the state’s factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.
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Dropbox quarterly results beat estimates
Dropbox achieved profitability on a GAAP basis since it went public in March 2018, as it reported a net income of $39.3 million, or 9 cents per share, compared to a loss of $7.7 million, or 2 cents, a year earlier. The company said it had 14.6 million paid subscribers at the end of the first quarter, in line with estimates of 14.61 million subscribers, according to research firm FactSet. …read more […]
Business News
Free beer! German brewery gives away beverages it can’t sell
Unable to deliver to hotels and restaurants closed due to coronavirus restrictions, a German brewery on Thursday gave away some 2,600 litres (690 gallons) of beer.
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Uber to report Q1 earnings with focus on pandemic's impact
Uber’s first quarter is likely to reflect Corporate America’s growing turmoil as the COVID-19 pandemic ricochets across the global economy. …read more […]