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Big Tech is worth even more the day after Congressional grilling The four chief executives of Apple, Amazon, Facebook and Google just faced a 5-hour deluge of probing and pointed questions from a Congress accusing the companies of various anticompetitive behaviors. Just a day later, all four companies were worth ...
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ConocoPhillips to reverse most output cuts by end of third quarter (Reuters) - ConocoPhillips said on Thursday it expects production curtailments in the current quarter to be roughly half as much as last quarter and will restore most of its output by the end of September, after the oil and gas producer slashed about a third of its ...
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Dow and S&P 500 sink after economic data deluge New York (CNN Business) The Dow and the S&P 500 ended in the red on Thursday. Investors are still wrapping their heads around the morning's economic data including the GDP report, which finally put a number on just how badly the economy fared during ...
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Apple posts blowout third quarter, with sales up 11% despite coronavirus disruptions Apple reported a historically strong quarter for the company on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments. The blowout quarter comes during a period in which Apple saw its operations disrupted ...
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Gilead swings to a big loss on acquisition expense, stock falls after earnings and revenue miss The drugmaker expects to produce more than 2 million courses of COVID-19 treatment remdesivir by the end of the year. Gilead's company signs sits in front of one of their buildings in Foster City, California. Bloomberg News. Email icon; Facebook icon ...
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Facebook Posts Revenue Growth Despite Pandemic Facebook Inc. FB 0.52% posted diminished growth in the second quarter but revenue was still higher than expected, as the social-media giant benefited from higher engagement from users amid the pandemic. Facebook brought in $18.7 billion in revenue in ...
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Amazon cloud revenue growth slows to 29% in Q2 Amazon Web Services expanded its operating margin, although revenue growth slipped below 30% for the first time. Microsoft's Azure cloud revenue growth slowed meaningfully in the same period. The logo of Amazon Web Services (AWS) is seen during the ...
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Record Economic Plunge, Bleak Jobs Numbers Reveal Virus Toll By MARTIN CRUTSINGER and PAUL WISEMAN, AP Economics Writers. WASHINGTON (AP) — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, ...
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Redfin Second-Quarter 2020 Revenue up 8% Year-over-Year to $214 million SEATTLE, July 30, 2020 /PRNewswire/ -- Redfin Corporation (NASDAQ: RDFN) today announced financial results for the second quarter ended June 30, 2020. All financial measures, unless otherwise noted, are presented on a GAAP basis and include ...
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Ford lost $1.9 billion in second quarter, but that's far better than expected Dearborn — Ford Motor Co. took a $1.9 billion hit to its pretax earnings for the second quarter during the second quarter — but that's far better than $5 billion the automaker had warned it might lose. Ford said it burned through $5.3 billion in the second quarter ...
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AlloVir's IPO Raises $276M to Test Cell Therapies in Transplant Patients AlloVir is the latest biotech company to go public, raising about $276.3 million to pull its cell therapies off the shelf and run multiple clinical trials testing them in stem cell and organ transplant patients. On Thursday, Cambridge, MA-based AlloVir (NASDAQ: ...
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MGM Resorts Revenue Falls 91% MGM Resorts International MGM 2.40% posted a 91% decline in quarterly revenue, the latest casino operator to reveal the continuing financial blow of pandemic shutdowns and curtailed global travel on the gambling industry. On Thursday, the Las ...
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Ford sales halved in the second quarter Ford Motor Co. late Thursday reported a narrower-than-expected adjusted loss in the second quarter, with sales halved in comparison with a year ago but right at Wall Street forecasts. Ford F, -2.60% said it earned $1.1 billion, or 28 cents a share, in the ...
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Coca-Cola Will Make A Topo Chico Hard Seltzer Coca-Cola will enter the hard seltzer market with Topo Chico in 2021 as the low-calorie, low-sugar alcohol category's volume grew by 200% in 2019 and is dominated by just two brands. 34th Annual Nightclub & Bar Convention And Trade Show - Day 3.
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McDonald's CEO says law enforcement may be called on customers who refuse to wear masks McDonald's appears to be serious about face masks. McDonald's CEO Chris Kempczinski recently spoke about recent decisions the company has made amid the coronavirus pandemic. He specifically suggested that law enforcement may be called during ...
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Google parent company Alphabet sees its first revenue decline in history Google parent company Alphabet warned in last quarter that it was expecting to see the impact of coronavirus in the second quarter results, and it was: the company saw its first revenue decline in its history. But it managed to beat Wall Street's revenue ...
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Pentagon Aims to Support More Sensitive Telework By Year's End The Defense Department is also in "an active conversation" about sustaining telework post-pandemic, according to Chief Information Officer Dana Deasy. Defense · Coronavirus · Telework · Cloud. The next step for a cloud-based collaboration tool the ...
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Polar Beverages goes national with Keurig Dr Pepper deal WORCESTER — Polar Beverages and Keurig Dr Pepper have reached a long-term franchise agreement that will provide national distribution to Polar Seltzer sparkling seltzer waters, the two companies announced Thursday. "This is one of the most exciting ...
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Ticker: Mass. unemployment claims rise; RI launches small business grants The number of first-time unemployment aid claims crept up last week in both Massachusetts and nationwide compared to the prior week, hinting at ongoing volatility in the job market and continuing economic uncertainty more than four months into the ...
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Wyoming ranchers protest Burger King's ad campaign targeting cow emissions Burger King isn't being treated like royalty by some ranchers. A group of cattle ranchers in Wyoming protested against a recent Burger King ad campaign that they say painted the agricultural community in an unfair light. The ad claimed that Burger King would ...
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Overstock shoots 25% higher after earnings, tops $3 billion market cap Overstock.com Inc. OSTK, +25.43% shares jumped more than 25% in Thursday trading, after the company reported a big jump in online sales amid the COVID-19 pandemic. Overstock shares topped $75 after closing Wednesday at $60.74, pushing the ...
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Delta extends change-fee waivers through August With travel demand still low amid the novel coronavirus pandemic, Delta will continue to allow customers to change their plans for free. Delta Air Lines Inc. (NYSE: DAL) on July 30 announced it is extending change-fee waivers to new flights purchased ...
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Wawa Plans To Put First Drive-Thru Store In Falls Wawa said its first-ever drive-thru-only store will let the company "explore alternatives" in an era of coronavirus concerns. By Danny Wicentowski, Patch Staff Patch Staff Badge. Jul 30, 2020 3:12 pm ET | Updated Jul 30, 2020 3:14 pm ET ...
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Congress vs. the tech titans, plus the TikTok vs. Facebook SmackDown: Thursday Wake-Up Call Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. If you're reading this online or in a forwarded email, here's the link to sign up for our Wake-Up Call newsletters.
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Molson Coors second-quarter sales take hit as Covid-19 closes bars and restaurants Molson Coors Beverage Co. reported a 15.1% decline in net sales in the second quarter of fiscal 2020, in part because the Covid-19 pandemic closed many bars and restaurants around the world. Molson Coors CEO Gavin Hattersley said in a press release ...
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GM says construction of its NE Ohio battery plant is right on schedule In this March 6, 2019, file photo, A "Save Me" sign rests against the Lordstown Complex sign in Lordstown, Ohio. The long-struggling Rust Belt community of Youngstown, Ohio, which was stung by the loss of the massive General Motors Lordstown plant this ...
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Walmart is eliminating hundreds of corporate jobs Walmart Inc. might be one of the few big winners in the pandemic, having posted surging sales month after month, but that isn't stopping the company from tightening its belt. The world's biggest retailer has laid off hundreds of workers in units including store ...
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Casino regulators seek coronavirus fines in 3 Nevada cases LAS VEGAS (AP) — State casino regulators are seeking fines against two casinos and a bowling alley in rural Nevada, alleging that employees and patrons failed to comply with requirements including a mandate for people to wear masks or face coverings to ...
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PR CEO who ransacked Target coronavirus face mask rack breaks silence The public relations CEO who recorded herself tearing apart a Target face mask display said she is getting help for her mental illness after what she described as a "manic bipolar episode." Continue Reading Below. ARIZONA 'KAREN' WITH '$40,000 ROLEX ...
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Duke Energy partners with Charlotte startup to produce renewable natural gas from cow manure Duke Energy Corp. is partnering with Charlotte startup SustainRNG to use a process developed by Trane Technologies PLC to produce renewable natural gas from cow manure. Charlotte-based Duke (NYSE: DUK) has become a "significant" minority partner ...
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Coronavirus: Construction of Universal Studios' 'Epic Universe' theme park shelved ORANGE COUNTY, Fla. — Construction on "Epic Universe," a Universal Studios theme park, has been delayed indefinitely, company officials said. NBC Universal, the parent company that owns the theme parks, paused development until "our future becomes ...
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Qualcomm stock jumps on multi-year licensing deal with Huawei Following the Wednesday announcement of its third quarter earnings and detailing a multi-year agreement with Huawei, Qualcomm stock jumped more than 12% at its height. The San Diego-based company turned in revenue above the midpoint of prior ...
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Ofinno named to Fast Company's 100 Best Workplaces for Innovators List RESTON, Va., July 30, 2020 /PRNewswire/ -- Fast Company today announced its second annual Best Workplaces for Innovators list, honoring businesses and organizations that demonstrate a deep commitment to encouraging innovation at all levels. Ofinno ...
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Buffett's Nevada Utility Signs Up for 22 Years of Solar, Storage Berkshire Hathaway Inc.'s NV Energy agreed to buy the output from a sprawling solar power and battery storage system near Las Vegas for 22 years. The 200-megawatt Chuckwalla solar project includes batteries that can store 180 megawatts of power for ...
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Consumer Reports: Safest cars for teens under $20K Parents choosing a car for their teen drivers have a tough decision to make because they need to strike a balance between cost and safety. The temptation -- often born of necessity -- is to buy a less expensive, bare-bones model or to pass down an older ...
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Indeed: Tech sector finally feels aftershock of COVID-19 As of July 24, tech job postings are doing worse than postings overall in half of tech hubs and 89% of non-tech hubs. Programmer working with program code. Image: RossHelen, Getty Images/iStockphoto ...
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SpaceX conducts successful engine test After weeks of delays, SpaceX at 3:02 p.m. today conducted a successful static-fire engine test of its SN5 Starship prototype at the company's Boca Chica test/launch complex. The test, which lasted five or five or six seconds, paves the way to the first test flight ...
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Nevada Cannabis Board Investigates Dispensaries For Tainted Products The Nevada Cannabis Compliance Board has launched an inspection of three Las Vegas-based dispensaries alleged to have sold contaminated flower. The flower failed laboratory testing for yeast and mold, coliforms, as well as Enterobacteriaceae and ...
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Sen. Warren Wants Answers From Wells Fargo, Again Two U.S. senators are asking Wells Fargo CEO Charles Scharf to respond to questions about the bank's "pausing" of mortgage payments without borrowers' consent as part of a program tied to fallout from the coronavirus. Sens Elizabeth Warren (D-Mass.) ...
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GRAINS-Corn ends nearly flat as crop prospects offset big sales to China (Updates with closing U.S. prices). By Julie Ingwersen. CHICAGO, July 30 (Reuters) - U.S. corn futures closed fractionally higher on Thursday but held just above one-month lows, as benign crop weather and expectations of a large harvest offset news of ...
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South Dakotan dead from methanol poisoning in hand sanitizer PIERRE, S.D. (KEVN) - South Dakota health officials are urging people to check their hand sanitizers after several hospitalizations in the state, including one death, were linked to sanitizers made with methanol. State Epidemiologist Joshua Clayton issued the ...
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Acura's TLX Type S will boast 355 horsepower, about as much torque The Acura TLX Type S debuted with gorgeous concept car styling, which was enough to get our attention, but now we're getting a better idea of the power that will back up those good looks. The new 3.0-litre V6 produces 355 horsepower and 354 lb.
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Factory Lift Kits for EcoDiesel Jeep Wranglers and Gladiators Include Fox Shocks Do you own a diesel-powered Jeep Wrangler or Gladiator? Do you wish it was ever so slightly more capable off-road? Well, it sounds like Mopar has got you covered because the FCA parts firm is introducing new, two-inch lift kits tuned specifically for ...
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Legislation would provide help to commercial real estate foreclosures WASHINGTON, D.C. (WTVQ/Press Release) – After hearing from constituents in their congressional districts, U.S. Congressmen and members of the House Committee on Financial Services, Andy Barr, R-Ky, Van Taylor, R-Tex., and Al Lawson, D-Fla., have ...
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Time to change: Virus-hit US urges people to spend coins The flow of coins through the US economy is the latest victim of the coronavirus pandemic and now the government is asking people to spare a little change to balance out the supply. Virus restrictions have meant stores doing less business and thus fewer ...
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National Cheesecake Day: Best places to buy cheesecake in Ayrshire As today is National Cheesecake Day, we thought we would show you some of the best places to buy some of the most delicious cheesecakes in Ayrshire! With lots of different flavours and toppings, there is something for everyone. The Niche. First up is The ...
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