Ford Motor Co on Tuesday posted a $2 billion first-quarter loss due to the impact of the coronavirus pandemic and said it expected its loss in the second quarter to more than double as it weathers a shutdown of its North American plants.
Starbucks has continued to pay its employees throughout the crisis. …read more […]
The COVID-19 lockdown didn’t just trigger a rush to buy toilet paper.
When Americans aren’t sitting on the can, they’re parked on their butts somewhere else.
A historic amount of electronic equipment is flying off the shelves.
Many of the top-rated microphones and 4K video capture cards are sold out.
Webcam sales are up 179%, thanks to the dramatic rise in teleconferencing. And with those, sales of PC monitors and headsets also spiked more than 100%.
But the stay-at-home economy is creating booms that I believe will last long after the pandemic is over. New consumer spending patterns are locking in place. And this is …read more […]
Wall Street’s major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks indicated hopes of economic revival as states began to relax restrictions enacted to fight the deadly COVID-19 pandemic.
Alphabet Inc on Tuesday beat analysts’ estimate for quarterly revenue as its Google unit experienced a smaller drop-off in advertiser spending than had been anticipated given economic concerns related to the novel coronavirus.
Starbucks Corp said on Tuesday it expects comparable sales in China in the current quarter to decline between 25% and 35%, hurt by the coronavirus pandemic that has forced it to close stores and limit operations.
As Detroit’s automakers seek to restart their U.S. plants during the coronavirus pandemic, two health experts advising Michigan’s governor and the United Auto Workers union warned against an over-reliance on masks and face shields to keep workers safe.
Ford Motor Co on Tuesday posted a $2 billion first-quarter loss due to the impact of the coronavirus pandemic and said it expected its loss in the second quarter to more than double as it weathers a shutdown of its North American plants.
Click here to read the full article. YouTube generated $4.04 billion in ad revenue for the first quarter of 2020, up 33% from the year prior. Alphabet, the parent company of Google and YouTube, topped Wall Street estimates for Q1 revenue but fell short on net profit.Overall, Alphabet reported $41.16 billion in revenue and adjusted net income of $6.84 billion ($9.87 per share). Wall Street analysts on average expected Alphabet to post revenue of $40.38 billion and EPS of $10.33.Alphabet first broke out YouTube revenue in announcing fourth-quarter and full-year 2019 results, along with sales for Google Search and Google …read more […]
A booming economy and rising internet usage have driven Google to record revenues in the last few years. The average estimate among financial analysts tracked by Refinitiv was $40.29 billion, up 10.87%, expecting the slowest growth since 11.1% in the second quarter of 2015. While Google tools including Duo video chatting and YouTube have become essential to many users this year, the company largely does not charge for them and instead generates revenue selling ad tools as well as links, banners and commercials on its services and those of partners. …read more […]
Trends Expert Matthew Carr takes a look at five gaming stocks to watch. He also examines gaming consumption trends and explains why a digital world makes the video game industry “recession-proof.”
The COVID-19 lockdown didn’t just trigger a rush to buy toilet paper. When Americans aren’t sitting on the can, they’re parked on their butts somewhere else. A historic amount of electronic equipment is flying off the shelves. Many of the top-rated microphones and 4K video capture cards are sold out. Webcam sales are up 179%, thanks to the dramatic rise in teleconferencing. And with those, sales of PC monitors and …read more […]
Yahoo Finance’s Dan Howley joins Seana Smith to break down what to expect in Microsoft’s upcoming earnings report. …read more […]
Top Trump adminstration officials on Tuesday predicted a strong economic rebound in the fourth quarter as the coronavirus fades, but a senior White House adviser warned that near-term unemployment and GDP data will be a “very grave” negative shock.
Microsoft is set to report its Q3 earnings on Wednesday, and much of the focus will be on its Azure cloud service. …read more […]
Boeing Co’s grounded 737 MAX jet is expected to remain grounded until at least August as the manufacturer continues to grapple with software issues, people briefed on the matter told Reuters.
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