Month: April 2020

A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines Thursday posted its biggest quarterly loss since 2008 after the coronavirus devastated travel demand.  The Chicago-based airline and its competitors are facing a 95% decline in U.S. air
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Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion
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Apple shares were down more than 2% during extended trading on Thursday after the company reported a slight increase in second-quarter revenue to $58.3 billion, during a period in which supply and demand for Apple’s products was negatively affected by the Covid-19 pandemic. Here’s how Apple did: EPS: $2.55 per share, adjusted Revenue: $58.3 billion iPhone revenue: $28.96
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Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday.  That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies but is facing pressure from the Covid-19 pandemic.  
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Andrew Jassy, chief executive officer of web services for Amazon.com Inc., speaks during the 2019 CERAWeek by IHS Markit conference in Houston on March 11, 2019. F. Carter Smith | Bloomberg | Getty Images Amazon’s market-leading cloud business crossed $10 billion in revenue for the first time in the first quarter. At $10.22 billion, Amazon
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Twitter reported first-quarter 2020 earnings Thursday that beat estimates despite an expected hit to its ads business due to the coronavirus pandemic. The stock was up as much as 12% during premarket trading on news of the report, but fell more than 6% during the earnings call as executives offered few signs of recovery or stability
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McDonald’s on Thursday said its first-quarter earnings fell 17% as the coronavirus pandemic led to restaurant closures and plunging sales.  Sales trends are showing signs of improvement in some markets, like the United States, but executives expect steeper global same-store sales declines in the second quarter than in March.  “It’s really a country-by-country situation,” CEO Chris
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Tesla shares rose more than 9% after hours as the company showed its third consecutive quarter with a profit. Here’s how the company did:  Earnings per share (EPS): $1.24 per share, ex-items Revenue: $5.99 billion Wall Street was expecting an adjusted loss of 36 cents per share and revenue of $5.9 billion for Q1, according
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Facebook shares rose as much as 10% in after-hours trading on Wednesday after the company announced its first-quarter results. Earnings (EPS): $1.71 Revenue: $17.74 billion Daily active users (DAUs): 1.73 billion Monthly active users (MAUs): 2.6 billion Average revenue per user (ARPU): $6.95 Analysts surveyed by Refinitiv expect $1.75 in earnings per share and $17.41
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In only a few months, the coronavirus pandemic has upended the daily lives of people around the world. For Americans, the economic impact of the virus has led to new categorizations of “essential” workers, a large-scale move to remote work and skyrocketing unemployment that is expected to continue increasing.  With more than 26 million people filing
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People wear facial mask walking past a KFC restaurant, which has resumed its outdoor dining area. For the COVID-19 epidemic situation is under control in China, most of shopping malls and stores are resuming business. Zhang Peng | Getty Images Yum Brands on Wednesday reported that global same-store sales fell 7% in the first three
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The coronavirus pandemic brought a wave of stock market volatility with it, leaving many Americans questioning whether now is a good time to invest. Others are wondering if they need to adjust their existing portfolios amid this period of economic downturn. If you can relate and feel like you may need a bit more knowledge before
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Alphabet shares rose as much as 7% in extended trading on Tuesday after the company reported earnings for the first quarter and sounded a cautiously optimistic note that a steep drop-off in ad revenues in March was starting to moderate. Here’s how the company did: Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue:
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In the time since nonessential businesses began to close their doors in March to prevent the spread of the coronavirus, the U.S. labor market has wiped out all the job gains it made in the decade since the Great Recession. With roughly 26.5 million Americans now out of work who have filed for unemployment, many
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3M shares jumped Tuesday after the manufacturing conglomerate reported first-quarter earnings and revenues that topped Wall Street’s expectations as demand for safety equipment and cleaning products spiked amid the coronavirus pandemic. The company said in a release that it saw a mix of results across its segments, but especially “strong” numbers in its personal safety
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As several states begin to reopen businesses, billionaire Mark Cuban says it may be too soon to do so amid the widespread coronavirus pandemic — and he has a simple litmus test for when people will feel comfortable returning to stores and offices that have been closed for weeks. “You just want to keep people safe,”
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If you’ve been quarantined due to Covid-19 stay-at-home orders, you might be eager to travel again — or at least visit your favorite places. Thanks to virtual reality (VR), it is possible to “visit” places around the world without leaving home. Experts say these virtual excursions provide more than just entertainment; VR experiences, especially immersive
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