COVID-19 Doesn’t Disturb Microsoft Earnings
Microsoft's third fiscal-quarter results topped estimates but didn't thrill investors.
All Work
Paul Ausick
CBO Projects US Budget Deficit of $3.7 Trillion in 2020
The Congressional Budget Office is forecasting a decline of 12% in U.S. GDP for the second quarter.
High Times Buys Pot Retailer Harvest Health, Aims for May IPO
The holding company formed by High Times magazine has acquired 13 marijuana stores in California as it extends the brand into the country's largest retail market.
Electric Car Maker Nio Sees Stock Jump on $990 Million Investment
Chinese electric car maker Nio got a $990 million investment from provincial and local governments in exchange for 24.1% stake in a new entity called Nio China.
Boeing’s Quarterly Loss Matters Less to Investors Than 16,000 Layoffs
Boeing posted a wider-than-expected first-quarter loss but beat an estimated free cash flow loss. The company also said it will cut 10% of its global workforce of around 160,000 people.
How E-Commerce Will Help Nike Stock Survive COVID-19
When sports gear giant Nike reported third-fiscal quarter earnings late last month, it posted a whopping increase in e-commerce sales. Digital sales are expected to post double-digit gains over the next few years.
Ford’s Awful Earnings Will Only Get Worse
Ford reported a first-quarter net loss of $2 billion after markets closed Tuesday. The loss in the current quarter is expected to be more than double that amount.
Why Alphabet Stock Is Not Suffering for Missing Profit Estimates
Google parent Alphabet reported that first-quarter profits were lower than a year ago and lower than estimates. Revenues posted a double-digit gain, though, so all was forgiven.
Can Amarin Stock Overcome COVID-19 and Legal Headwinds?
Amarin has two big problems. Getting an unfavorable court decision overruled is by far the more important.
What to Expect When Boeing Reports Earnings Wednesday Morning
When Boeing reports first-quarter results Wednesday morning, analysts are expecting a 25% dip in year-over-year revenues and a net loss per share of more than $1.50. The results could easily be worse, too.
How Quickly Americans Expect to Resume Their Lives After COVID-19
As U.S. cities and states begin to relax stay-at-home orders, the real test of how quickly the country's economy can recover depends on how willing people are to resume their normal activities. That may…
Why UPS Profits Sagged on Higher Revenues
Package delivery service UPS reported lower profits and higher revenues for the first quarter of 2020. A shift from commercial deliveries to residential deliveries appears to be the reason for lower profits.
COVID-19 Batters Southwest Airlines Q1 Results; Q2 Will Be Worse
Southwest Airlines posted a first-quarter loss Tuesday morning due to the impact of the COVID-19 pandemic. The company expects the second-quarter to be worse.
Embraer Launches Arbitration Proceeding After Boeing Breaks Agreement
Brazilian aircraft maker Embraer has begun arbitration proceedings against Boeing after the U.S.-based aerospace giant pulled out of a planned joint venture with the Brazilian firm.
Gas Prices Fall for Ninth Consecutive Week
U.S. gasoline prices have dropped for the ninth consecutive week. More than two-thirds of states have average pump prices below $2 a gallon for regular gas.
Oil Driller Diamond Offshore Files for Bankruptcy Protection
Oil driller Diamond Offshore on Sunday filed for bankruptcy protection as it tries to strengthen its balance sheet and reorganize its debt.
GM Suspends Dividend, Builds Cash Pile to Ward Off COVID-19 Effects
GM announced Monday that it has extended two credit agreements while suspending its dividend and buybacks as it builds liquidity during the coronavirus pandemic.
Short Interest Mostly Steady in Solar Stocks, Rises in Alt Energy Shares
Short interest in solar stocks was largely steady in the two-week reporting period that ended on April 15. Alternative energy stocks, however, got a lot more attention from short sellers.
Short Sellers Disagree on Direction in Oil and Gas Stocks
Short interest in oil and gas stocks was mixed in the two-week reporting period ended April 15. The biggest move was a near-halving on short interest in one supermajor.
April US Consumer Sentiment Plummets to 50-Year Low on COVID-19 Fears
The University of Michigan Consumer Sentiment Index plunged month over month, the largest drop in nearly 50 years.