Year: 2020

Earnings season is here. And that means the biggest players in the market are getting ready to release very important earnings reports. One of those big players is Facebook (FB). The social media giant is set to report first-quarter numbers after the bell on Wednesday, April 29.Ahead of one of Wall Street’s most anticipated quarterly statements, RBC’s Mark Mahaney has been crunching the numbers. The 5-star analyst argues that given the pullback in ad spend “street estimates for Q1 are likely optimistic.” Mahaney calls for revenue, operating Income, and GAAP EPS of $16.78 billion, $5.55 billion, and $1.62, respectively. The …read more […]

Thousands of plaintiffs who say that Johnson & Johnson’s baby powder and talc products caused cancer can go forward with their claims, but face limits on what expert testimony will be allowed in trials after a Monday ruling by a New Jersey judge. J&J faces more than 16,000-talc related lawsuits nationwide, the majority of which are pending before U.S. District Judge Freda Wolfson in New Jersey. The lawsuits allege that the company’s talc products have been contaminated with asbestos and can cause ovarian cancer. …read more […]

Yahoo Finance’s Dan Howley joins Seana Smith to break down what investors should expect from Alphabet’s upcoming earnings report. …read more […]

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(Bloomberg) — Lenders reported frustration with being shut out of the U.S. Small Business Administration’s system to apply for relief loans, a sign that the program that restarted Monday with additional funding is already overwhelmed.Not 10 minutes after the SBA’s Paycheck Protection Program relaunched at 10:30 a.m. New York Time, lenders reported that they either couldn’t access the agency’s system or were being kicked out as they tried to process applications on behalf of small-business owners, said Paul Merski of the Independent Community Bankers of America. The platform went down four minutes after it opened, according to a person familiar …read more […]

Tyson Foods is the latest meat producer to warn of a slowing food supply chain, as the brand closes doors on more of its processing facilities amid the coronavirus pandemic. Yahoo Finance’s Heidi Chung joins Zack Guzman to break down the details. …read more […]

A paint department supervisor told employees in an email on Sunday that there was no need to come back to the factory this week, according to the report. Tesla did not respond to Reuters’ request for comment. San Francisco Bay Area’s stay-at-home order is scheduled to expire on May 3. …read more […]

Microsoft Corp. (MSFT) scored a five-year strategic deal to provide Coca-Cola Co. (KO) with its business software.Under the terms of the partnership agreement, Coca-Cola will use a string of Microsoft’s products including Azure, Dynamics 365, its sales software, Microsoft 365 cloud services, as well as its business messaging application Microsoft Teams. Coca-Cola seeks technology solutions to gain new insights from data across the enterprise, enabling a 360-degree view of the business, and providing enhanced customer and employee experiences, it said.”Innovation and growth are key pillars of our business,” said Barry Simpson, senior vice president and chief information and integrated services …read more […]

Wall Street shrugs its shoulders on reports of delays for new iPhones. …read more […]

Automotive giant Tesla asked its employees to return to work at the company’s Fremont, California car plant despite local health orders. Yahoo Finance’s On The Move Panel shares the latest details. …read more […]

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