Xilinx Inc on Wednesday forecast first-quarter revenue below estimates and refrained from providing an annual outlook, citing the uncertainty caused by the coronavirus outbreak.
U.S. railroad operator CSX Corp on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns because of the COVID-19 pandemic weigh on the U.S. economy.
U.S. railroad operator CSX Corp on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns because of the COVID-19 pandemic weigh on the U.S. economy. …read more […]
We may be “entering a new bull market,” says a top Oppenheimer strategist. …read more […]
The U.S. House of Representatives expects to pass a nearly $500 billion coronavirus relief bill on Thursday but will put off any decision on changing its voting rules during the pandemic, avoiding a potential partisan fight.
Casino operator Las Vegas Sands Corp reported a loss for the first quarter compared to a year-ago profit, as the coronavirus-induced lockdown kept people away from gaming tables.
“The impact of the Covid-19 pandemic on our business has been unprecedented, and I have never seen anything like it in my over seventy years in business,” Chief Executive Officer Sheldon Adelson said in a statement. Net loss attributable to Las Vegas Sands was $1 million in the quarter ended March 31, compared to a profit of $582 million a year ago. …read more […]
Kinder Morgan also took a non-cash impairment charge of $950 million in the first quarter related to certain oil and gas producing assets in its CO2 unit. “Sharp declines in both commodity prices and refined product demand in the wake of the COVID-19 pandemic clearly affected our business and will continue to do so in the near term,” Kinder Morgan President Kim Dang said. The Houston-based company, which has pipelines as well as storage terminals, reported a net loss attributable of $306 million or 14 cents per share, in the first quarter ended March 31, compared to a …read more […]
The impact of the global pandemic on social media has been more nuanced than on other sectors. On the one hand, engagement has increased on platforms on account of the shelter in place measures. But the uptick in engagement has been offset by reduced flow from the platforms’ main revenue source – advertising. Ad budgets have been slashed amid the economic uncertainty. But if any company can withstand the impact, argues Wedbush analyst Michael Pachter, it is the king of social media Facebook (FB).Yet, ahead of the release of Facebook’s anticipated quarterly statement next Wednesday, the analyst concedes the drop …read more […]
Google’s cloud-based game streaming service, Stadia, has witnessed a surge in users after the tech giant gifted two months of free access to its premium version for gamers sheltering at home to curb the spread of the coronavirus.
Yahoo Finance’s Adam Shapiro breaks down Delta’s Q1 earnings and how airlines are fairing during coronavirus. …read more […]
Rogers Communications Inc pulled its 2020 forecast and reported a lower-than-expected profit on Wednesday, as widespread cancellation of sports events hammered ad sales and demand for new routers took a hit due to the lockdowns.
U.S. brokers should not be forced to sign an agreement that could make them liable for breaches of a massive new industry trading database that they have no control over, a leading financial industry trade group told regulators on Wednesday.
Brent crude oil rebounded from two days of losses and U.S. futures surged on Wednesday, bolstered by tentative talk of additional supply cuts from OPEC producers and U.S. inventory builds that were less dire than some expected.
I came across a blog post this week titled “Why Seed Investing Is Kind of a Sucker Bet.” The headline raised my hackles. I’ve been investing in seed-stage companies for a while now. What was author Jason Lemkin saying?
Once I read it, I realized it wasn’t the screed against seed investing I was expecting. Instead, Lemkin tries to make the case that investing later in Series A and Series B rounds is better than investing earlier in seed rounds.
Mostly because, he says, those rounds are bigger. Investors put up more money and buy more shares. Instead of winding up with …read more […]
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