Microsoft beat on both top and bottom lines on revenue and earnings per share in its third quarter earnings report. The company noted that it saw a minimum net impact on total company revenue amid the coronavirus outbreak as cloud usage and demand increased. Yahoo Finance’s Myles Udland breaks down Microsoft’s earnings report. …read more […]
Apple will report its Q2 2020 earnings on Thursday, with the focus on how far iPhone sales have fallen amid the coronavirus pandemic. …read more […]
Tesla Inc on Wednesday beat analysts’ estimates for first-quarter revenue and posted its third straight quarterly profit, as the electric carmaker recorded a solid number of deliveries during the period despite disruptions due to the coronavirus outbreak.
EBay Inc forecast current-quarter revenue above estimates on Wednesday, as the e-commerce company benefited from a surge in online orders from people staying indoors due to the COVID-19 pandemic.
Facebook Inc beat analysts’ estimates for quarterly revenue on Wednesday, and said it has seen signs of stability in ad spending during the first three weeks of April.
World stock markets rose sharply on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.
The social network is the second tech giant this week to report earnings in the wake of the coronavirus outbreak. …read more […]
Canadian pot producer Canopy Growth Corp said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal announcement seen by Reuters.
(Bloomberg) — The U.S. proposed rules to track aluminum imports more closely, in a move that could address industry demands to block Chinese supply that skirts tariffs.While the Trump administration’s import levies are aimed at protecting against excess foreign supply of the metal, concerns have persisted that aluminum from China — the world’s biggest producer — is still flooding into the market.That’s because some Chinese supply could first be sent to another nation that isn’t subject to the duties. It’s then melted and reformed before being shipped again, masking its true origin. Criticism about surplus metal entering the U.S. via …read more […]
The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to use its “full range of tools” to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only slam growth in the near term but pose “considerable risks” in the medium term as well.
Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices, people familiar with the matter said on Wednesday.
The Oklahoma City-based company, cofounded by late wildcatter and outspoken natural gas proponent Aubrey McClendon, has held discussions with creditors about a possible loan that would aid operations while it navigates bankruptcy proceedings, the sources said. The loan could total roughly $1 billion, though its size remains in flux, one of the sources added. Such loans, referred to as debtor-in-possession financing, are key to companies seeking Chapter 11 bankruptcy protection because they help them sustain as much of their business as possible during court proceedings. …read more […]
Several of Amazon.com Inc’s foreign websites have been added to the U.S. trade regulator’s “Notorious Markets” report on marketplaces known for counterfeiting and piracy concerns.
World stock markets surged on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.
Hertz Global Holdings Inc said on Wednesday it was in talks with its lenders to avoid defaulting on debt related to its rental vehicle fleet, after skipping a payment that was due April 27.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
