How the COVID-19 Pandemic Drove Q2 Earnings at CVS
Pharmacy and health insurer CVS handily beat expected earnings and revenue estimates for the second quarter.
All Work
Paul Ausick
5 Sky-High Dividend Stocks With More Upside Ahead
For investors who are seeking reasonable returns with a good chance of remaining safe during the pandemic-induced economic downturn, here are five stocks to consider.
A ‘Once-in-a-Lifetime’ Chance for Freight Hauler YRC Worldwide
Trucking firm YRC Worldwide reported a smaller than expected net loss Monday afternoon, but a $700 million low-interest federal loan is what's pushing the stock higher.
What Boeing Must Do to Get the 737 Max Off the Ground
The U.S. Federal Aviation Administration has issued a list of requirements that Boeing must meet in order to return the 737 Max to regular service. There were no surprises, but the saga may not…
Ford’s CEO Replacement Could Be the Next Alan Mulally
Ford CEO Jim Hackett is retiring effective October 1 and the company on Tuesday announced that his successor will be Jim Farley, currently Ford's chief operating officer.
Why a Miserable Q2 for BP Is Not Scaring Investors Away
Oil &and gas supermajor BP reported a second-quarter adjusted net loss of $6.7 billion and announced a dividend cut of 50%. Investors have bid the shares up as a result.
Tesla Gets Yet Another Electric Vehicle to Compete With Ahead
Electric pickup truck maker Lordstown Motors will come public in a reverse merger with a special purpose acquisition company later this year.
What To Expect from BP Earnings
When BP reports second-quarter results Tuesday morning, analysts are expecting a sharp loss and sharply lower revenue. The company has maintained its massive dividend and probably has no choice but to continue doing so.
These 10 Nations Have the Worst Hunger Problems in the World
The COVID-19 pandemic is making the problem of food insecurity even worse for the world's poorest countries. A new report from Oxfam illustrates the extent of the damage.
How a New CEO Perked Up Tyson Foods Q3 Results
Tyson Foods beat estimates on earnings, but missed on revenue as COVID-19 caused shipment volume to fall as production facilities were temporarily closed. A new CEO added some luster to an otherwise so-so quarter.
Does Microsoft Really Need TikTok?
Microsoft has confirmed that it is discussing a possible purchase of TikTok for U.S. users from its Chinese owner. The company has promised the U.S. president that negotiations will be completed by mid-September.
In a Win for Activist Investors, Marathon Sheds Speedway Stores
Refining and marketing company Marathon Petroleum has agreed to sell its Speedway retail business to 7-Eleven for $21 billion in cash. The acquisition will lift the number of 7-Eleven stores in the United States…
Offshore Driller Noble Files for Bankruptcy
Offshore driller Noble Corp. has filed for Chapter 11 bankruptcy protection.
COVID-19 Kindles Corporate Debt Default Surge
Corporate debt defaults soared in the second quarter according to the latest report from Moody's. And it will get worse the longer the COVID-19 pandemic lasts.
US Consumer Sentiment Tumbled in July
The final reading for July from the University of Michigan consumer sentiment index revealed a 7.2% month-over-month drop in consumer sentiment and a decline of more than 26% compared to July of last year.
Why Exxon Earnings Look Better Than They Really Are
Oil and gas supermajor Exxon reported second-quarter results that missed on both the top and bottom lines. The company reported no cash flow from operations in the second quarter.
Why Chevron Had Such a Dismal Q2
Oil and gas giant Chevron reported a second-quarter loss that was larger than analysts expected along with revenue that fell short of estimates.
What to Look for in Friday’s Earnings Reports From Exxon and Chevron
Oil and gas supermajors Exxon Mobil and Chevron report second-quarter results Friday morning. Low prices for both oil and natural gas is expected to hit results hard.
US GDP Plunges by 33% as Personal Income — and Savings — Soar
U.S. second-quarter GDP fell at an annualized rate of nearly 33% in the second quarter, the largest decline since reporting began following World War II. Consumer spending fell by 25%.
Shell Earnings Signal a Tough Friday Ahead for US Oil Giants
Oil and gas giant Shell reported second-quarter results Thursday that included a $22.3 billion noncash, pr-tax impairment charge on the value of its assets.