Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus.
Apple beat on both top and bottom lines in its second quarter earnings report, which it announced after hours on Thursday. The tech company saw a record amount of sales in its wearables section, but other products such as iPhones and iPads were down compared to the year prior. Yahoo Finance’s Myles Udland breaks down Apple’s earnings report. …read more […]
Amazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages.
(Bloomberg) — Apple Inc. reported quarterly revenue that grew 1%, but didn’t provide a forecast for the first time in more than a decade, sparking concern about performance later this year. The shares slipped 1.5% in extended trading.Chief Executive Officer Tim Cook said Apple experienced a “very depressed” period in late March and early April, in the depths of the Covid-19 pandemic, but saw a “pickup” in the second half of this month. The company also increased its share buyback plan by $50 billion.Fiscal second-quarter sales came in at $58.3 billion, compared with $58 billion a year earlier. That beat …read more […]
The two largest U.S. banks, JPMorgan Chase & Co and Bank of America , said on Thursday that they submitted almost half a million applications worth nearly $46 billion to the Small Business Administration’s Paycheck Protection Program for small businesses hurt by the coronavirus shutdown.
United Airlines Holdings Inc on Thursday posted a first-quarter loss of $1.7 billion, including charges against investments in Latin America that have soured as the coronavirus pandemic jolts travel industries worldwide.
Amazon.com Inc on Thursday warned that it could post a loss in the second quarter as it tacked on about $4 billion in costs related to the COVID-19 pandemic, sending its shares down 5% in extended trade.
Gilead Sciences Inc , maker of the experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential COVID-19 treatment.
Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus.
Click here to read the full article. Apple turned in better results for the first three months of 2020 than some analysts expected amid the COVID-19 crisis — including posting a record $13.3 billion in services revenue, up 17% year over year.In February, Apple warned that it expected to miss previous targets for the March quarter, citing the COVID-19 outbreak in China as disrupting iPhone manufacturing and hurting sales in the country. Then in mid-March, the tech giant said it was shuttering all its retail stores worldwide with the exception of Greater China; they remain closed.For the quarter ended March …read more […]
Last week, my husband and I became homeowners… again.
Well, technically we refinanced.
About six weeks ago, we started watching interest rates fluctuate. We thought, “Hey, it’s now or never. Let’s see how low we can go.”
And plenty of Americans were thinking the exact same thing.
In light of the COVID-19 pandemic, what does this refinancing wave mean for the U.S. housing market? Are we about to witness a 2008 repeat?
Renewed Interest in Interest Rates
Let’s get one thing straight…
The U.S. economy isn’t exactly thriving right now. And the housing market isn’t either.
Many sellers have taken their homes off the market. Buyers are waiting …read more […]
Amazon reported Q1 results after market close Thursday. …read more […]
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