Wall Street is closing out a painful week of earnings reports with one bright spot: Clorox reported higher profit off demand for cleaning products. As states struggle to find the balance between keeping their populations safe and allowing workplaces to restart their engines, the market is cheering news about possible Covid-19 vaccines and treatments. Gilead Sciences and
Month: May 2020
Chevron warned Friday in its quarterly earnings report that results will remain depressed as long as oil prices remain low, and said that it was further cutting its 2020 capital spending plan. For the first quarter Chevron reported EPS of $1.93, which included $660 million in one-time favorable items, and $31.5 billion in revenue, helped by downstream
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows. The oil giant lost $610 million in the first quarter due to writedowns tied to
Comprehending the enormity of climate change is about as mind-bending as understanding the ultimate effect novel coronavirus SARS-CoV-2 (the virus that causes Covid-19) will have on America and the world. But a free, interactive tool made by artificial intelligence start-up HyperGiant helps put both global crises and their relationship to each other in perspective. The “ACES:
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from the coronavirus pandemic and what its future holds. The meeting will be held Saturday but,
NoDerog | E+ | Getty Images Millions of families are counting on government stimulus payments to get some financial relief amid the coronavirus pandemic. However, some are opening their bank accounts to find an unwelcome surprise: payments that exclude their qualifying children. Many complaints are coming from one particular group: individuals who are receiving government
Anyone questioning their talents or abilities when embarking on a new career can take solace in this fact: even future Hall-of-Famers have doubts. That includes Terrell Davis, the former Denver Broncos star running back and NFL MVP, who won two Super Bowls in the 1990s. Davis, who was inducted into the NFL Hall of Fame
By Dick Friedman, Next Avenue Contributor Residents of Rossmoor, a Northern California retirement community, prior to the pandemic Rossmoor.com In normal times, Rossmoor, the 1,800-acre “active senior community” where I live, in Walnut Creek, Calif., is a cacophony of sound. There are the crack of the mahjong tile, the thwack of the pickleball hitting a
TOPLINE Stocks have skyrocketed since their coronavirus low in late March, but experts are now warning that dismal economic data and lackluster corporate earnings are reasons to be skeptical of the market’s latest rally. There are reasons to doubt the stock market’s latest rally, experts say. Mark Lennihan/ASSOCIATED PRESS KEY FACTS April was the stock
Austin, Texas– While many Austin businesses will begin to open their doors again beginning May 1 amid mounting fear of the Coronavirus, don’t count on finding the bastions of the city’s legendarily rich film culture among them. Just after Texas Governor Greg Abbot rolled out the phases of his back-to-work policy on April 27– one
Lucas Gebel makes sausage while processing hogs at Elma Locker & Grocery on July 25, 2018 in Elma, Iowa. Scott Olson | Getty Images About 3% of workers in over 100 meat processing plants have tested positive for the coronavirus as conditions allow the virus to spread rapidly and low-wage workers are incentivized to continue
Popeyes Chicken Sandwich Source: Popeyes Louisiana Kitchen Restaurant Brands said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall Street expectations, powered by demand for its popular chicken sandwiches. Still, the company’s quarterly total revenue fell 3% to $1.23 billion for the first quarter ended March 31, as stay-at-home orders due
8:25 am: Wall Street analysts react to Apple earnings The tech giant reported mixed earnings on Thursday after the bell but analysts say Apple is well-positioned as the 5G cycle begins to ramps up. “We remain positive on the long-term eco-system and product development opportunities, coupled with a strong balance sheet and brand position,” Baird said.
Over 30 million Americans lost their jobs in March and April of 2020. And with the economy on hold, securing another steady paycheck may take some time. That’s where unemployment insurance benefits can help. The amount of money you get will largely be influenced by your home state. Check with your local labor board for
Moran Forman of Goldman Sachs, 33, in her home office in the Chelsea neighborhood of New York. Source: Goldman Sachs Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and powers up the full might of Goldman Sachs on a curved LCD screen. Forman, a
SDI Productions Now more than ever, it may pay for students to negotiate with colleges for more money towards tuition. The coronavirus pandemic has left many American families facing financial hardship. However, colleges are also concerned about their fall enrollment, which is likely to drop. Most have already extended decision day for incoming freshmen to
Mark Cuban told CNBC on Friday he believes small businesses in Texas face numerous challenges in trying to reopen safely and effectively during the coronavirus pandemic. “There’s all these downstream issues that really haven’t been addressed yet, and small businesses haven’t been provided the support they need to actually get open,” said the Dallas Mavericks owner and
Getty If you’re like many investors these days, you’re warily eyeing your portfolio, wondering where the next dividend cut will come from. Fear of dividend cuts is reasonable, even if you hold the Dividend Aristocrats—the 63 S&P 500 firms that have raised their payouts for 25 years (or more). This club includes well-known names like
Burger poster in the city. Getty There are those who might disagree, but I don’t see anything inherently wrong with the concept of states imposing sales or gross receipts taxes on digital advertising, especially if they already tax a wide range of services. Yet that doesn’t mean there isn’t a problem. Though the concept may
Red Reflet Ranch, a luxury guest ranch in Ten Sleep, Wyoming, is on the market for $19,950,000. Courtesy of Hill and Hill A ranch with a private air strip and thousands of acres in Wyoming that is an ideal place to escape and can serve as either a private family compound, a corporate retreat, or