Why Halliburton Stock Is Sinking Despite Beating Estimates
Halliburton reported better than expected first-quarter 2019 results before markets opened Monday, but shares retreated in premarket trading.
All Work
Paul Ausick
Ford Warns on Revenues, Files for New Note Offerings
Ford has filed a preliminary prospectus for three senior unsecured note offerings to raise more cash. This is the company's first offering since its debt was downgraded to junk last month.
Will 737 Max Recertification Really Help Boeing Stock?
In two weeks, Boeing will report first-quarter 2020 results. No one expects much, but an awful lot could have changed for the airplane manufacturer by then.
European Auto Sales Down by 55% in March, 25% for Q1
New car sales in the European Union fell by 55% in March leading to a decline of more than 25% for the first quarter. Lockdowns related to the coronavirus pandemic get the blame for…
Why Investors Like Schlumberger’s Mixed Q1 Results
Oilfield services company Schlumberger reported mixed first-quarter results Friday morning. The company also cut its dividend and took an $8.5 billion impairment charge.
Verizon Acquires Video Conferencing Firm Focused on Business Users
Verizon's Business group has announced an acquisition of video conferencing and meeting company BlueJeans Network as the Dow 30 company builds out its 5G capabilities.
Did Aphria Stock Perform as Expected or Will COVID-19 Sink It?
The entire Canadian pot industry is in wait-and-see mode due to the pandemic, both the companies and investors. However, it will not remain that way forever. Is Aphria growing stronger as the lockdowns continue?
COVID-19 Could Cut 2020 US New Car Sales More Than 4 Million
Auto industry research firm J.D. Power has released revised estimates for new car sales in the United States for 2020. The COVID-19 lockdowns have already chopped estimated April sales by more than half.
COVID-19 Slashes 244,000 US Jobs in First 2 Weeks of April
Announced job cuts due to the COVID-19 outbreak totaled 244,000 in the first two weeks of April, an increase of 11% over job losses announced for all of March.
Airlines See Only Limited Relief From Federal Program
Ten U.S. airlines have agreed to terms with the Treasury Department to accept assistance from the $25 billion fund designated to keep airline employees working through the end of September.
How the COVID-19 Economic Trauma Hit Goldman Sachs Earnings
Goldman Sachs earnings were hit hard by loan losses and a sharp downturn in the bank's fixed-income business.
IEA April Report Full of Hope on Global Oil Supply Cuts
The International Energy Agency on Wednesday said that global oil demand would decline by 29 million barrels a day next month and end the year down by 2.7 million barrels a day.
Will a New Advanced Memory Chip Help Micron Stock Keep Its Momentum?
A new high-end memory chip and a stock market that, with some exceptions, sticks with the stock may carry Micron Technology through this year in good shape.
Can JC Penney Avoid Bankruptcy?
J.C. Penney has reportedly hired advisers who specialize in reorganizing the finances of a struggling company. The venerable retailer may be unable to avoid bankruptcy protection, according to some sources.
Boeing’s Q1 Deliveries Slump, Cancellations Add More Misery
Boeing announced Tuesday that it restarted some operations in Washington that had been shut down to slow the spread of COVID-19. Still, deliveries and new orders are way down.
Altria Stock Has Bigger Problems Than COVID-19
Since the beginning of the year, tobacco giant Altria saw its stock price dive. Investors may wonder if the dividend is safe.
Snap Stock Still Waiting for the Bounce
A significant part of the downturn in social media share prices is likely attributable to investors' belief that these companies lost ad revenues in March and are likely to lose more.
Wells Fargo’s Q1 Results Too Soft to Fend Off COVID-19 Effects
Wells Fargo's first-quarter results fell far short of analysts' expectations as the bank continued to build its reserves ahead of the economic downturn caused by the COVID-19 outbreak.
Global PC Market Declines by Double-Digits in Q1
Sales of personal computers (desktops, notebooks, and workstations) declined by double digits in the first quarter of the year. The COVID-19 outbreak gets the blame.
IMF Says COVID-19 to Cause Worst Recession Since Great Depression
In the April revision to its World Economic Outlook, the International Monetary Fund forecasts that global GDP will drop by 3.0% in 2020.