Year: 2020

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(Bloomberg) — A California software company that received a federal Paycheck Protection Program loan of more than $750,000 sued the government over new guidelines attempting to restrict who can get such assistance.Zumasys Inc. said in a suit filed Monday against the Small Business Administration and Treasury Department that it is now concerned it will have to pay back the forgivable loan the company and its two subsidiaries received in mid-April, some of which has already been spent to keep nearly 70 employees on payroll.Facing criticism that much of the money intended to help small businesses weather the economic shock of …read more […]

Want another unexpected winner in this new COVID-19 world?
Then consider the situation facing 1-800-Flowers (Nasdaq: FLWS) right now…
First off, there are 1 million people in the U.S. infected with COVID-19.
And… that number continues growing by the day.
So, at the risk of sounding unsympathetic, that means 1-800-Flowers now has more than 1 million potential customers to send “Get Well Soon!” flowers to – all done conveniently and safely at your home computer.
There’s also a case for even more flowers being sent for deaths and funerals.
On a more uplifting note… This upcoming Sunday is also Mother’s Day.
So that means nearly half the …read more […]

Chevron (NYSE: CVX) is a member of the esteemed Dividend Aristocrats. These are companies that are in the S&P 500 and have raised their dividends for 25 years in a row or longer.
It is an esteemed club with only 66 companies included.
Investors love Dividend Aristocrats because they historically beat the market with lower volatility.
Chevron has been in the dividend-raising business since 1988. Back then, we had no cellphones and no internet, but we did still have the Soviet Union. And we were just a year past the 1987 stock market crash. That was a long time ago.
Will Chevron’s dividend be …read more […]

(Bloomberg) — Twilio Inc. projected rising sales for the second quarter, signaling stronger demand for communications software amid the coronavirus pandemic. Shares climbed about 25%.Revenue will increase as much as 35% to $370 million in the period, the San Francisco-based company said Wednesday in a statement. Analysts, on average, projected sales of $334 million, according to data compiled by Bloomberg. The company expects a loss, excluding some items, of 8 cents to 11 cents per share, which also is better than analysts had estimated.Twilio Chief Executive Officer Jeff Lawson has assembled a broad set of cloud-based capabilities that help companies …read more […]

Etsy reported first quarter earnings that missed expectations. Yahoo Finance’s Jen Rogers and Seana Smith discuss on The Final Round. …read more […]

Paypal reported a miss on earnings for their first quarter. Shares fell after the company released that adjusted earnings per share fell to 66 cents from 78 cents. Yahoo Finance Live breaks down the numbers. …read more […]

(Bloomberg) — Hyatt Hotels Corp. swung to a loss as cratering travel demand hammered the hotel chain.Hyatt reported a loss of 35 cents per share, worse than analysts expected. Revenue per available room, which combines pricing and occupancy, decreased 28% in the quarter — a steep fall considering that travel restrictions didn’t take full effect in most of the world until March.Hyatt has raised capital through a bond sale and cut costs by closing hotels and furloughing workers. Chief Executive Officer Mark Hoplamazian said in a statement that the company’s “existing liquidity provides sufficient capacity to cover at least 30 …read more […]