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Boeing set to raise $25 billion in massive debt sale: sources

Boeing’s capital raise, first reported by Reuters earlier this week, would be the sixth-largest investment-grade bond offering of all time and the biggest year-to-date, according to Refinitiv data. The Federal Reserve’s intervention in the credit market has boosted prospects for troubled borrowers such as Boeing. While it has not yet snapped up any corporate bonds such as Boeing’s, its openness to doing so has buoyed credit markets. …read more […]

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Apple tops Q2 expectations, but provides no forecast

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 […]

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Apple Shares Slip After Company Issues No Forecast

(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 […]

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Apple Posts Record Services Revenue of $13.3 Billion, Beats Lowered Wall Street Expectations

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 […]

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The Fate of the Housing Market Post-Pandemic: Is This Another 2008?

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 […]

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Gilead’s remdesivir will set new standard of care for coronavirus treatment: Dr. Fauci

Gilead Sciences’ antiviral drug remdesivir showed “quite good news”, according to White House health advisor Dr. Anthony Fauci. Assistant Professor in Department of Health Policy and Management at the Harvard Global Health Institute Dr. Tom Tsai joins Yahoo Finance’s Seana Smith to discuss the latest. …read more […]

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American’s Pandemic Reality: We Will Be a Much Smaller Airline, Says CEO

Passengers looking to lock in cheaper airfare late this year or early next on American Airlines — or any U.S. carrier — may want to consider the risks. Amid so much change, carriers are unlikely to fly what they’re selling. American executives made that clear Thursday on their first-quarter earnings call, telling analysts the carrier […] …read more […]

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Investor Einhorn tweets at Tesla's Musk asking for more company financials

One day after Tesla Inc posted its third quarterly profit in a row, hedge fund manager David Einhorn, one of the electric carmaker’s best-known critics, lobbed questions about the company’s financials at its two top executives. Taking to Twitter on Thursday, Einhorn asked Tesla chief executive officer Elon Musk and chief financial officer Zach Kirkhorn about Tesla’s accounts receivable, costs, idled factories and the impact of currency market movements on the company. “Can you or (Zack) explain,” Einhorn wrote, misspelling the CFO’s first name in the tweet. …read more […]