Chevron Corp. CVX -4.22% posted steep losses in the second quarter as lower oil and gas prices sapped production gains and the decimation in global travel amid the Covid-19 pandemic crimped fuel demand. The oil giant, based in San Ramon, Calif., ...
Consumers increased spending 5.6% in June but appear to have pulled back since then, restraining the economy's recovery from the coronavirus outbreak. Americans' ability and willingness to spend will largely determine the economy's path in the coming ...
U.S. stock futures indicated a higher open at the bell following robust quarterly earnings from some of the biggest tech companies that topped Wall Street forecasts. Dow futures implied a roughly 80-point opening gain, while S&P 500 and Nasdaq futures were ...
... * Graphic: 2020 asset performance tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh. By Ritvik Carvalho. LONDON, July 31 (Reuters) - European shares recovered from their lowest levels in a month on Friday, as investors looked past ...
The European economy tumbled into its worst recession on record in the second quarter, as quarantines in countries across the continent brought business, trade and consumer spending to a grinding halt. From April to June, gross domestic product fell from ...
This has not been an easy year for Wall Street and investors to digest. The coronavirus disease 2019 (COVID-19) pandemic has turned societal habits on their head and displaced more than 20 million workers. It also sent equities to their steepest and fastest ...
BNP Paribas SA BNPQY -4.31% shares rose as much as 6% Friday as the French lender's earnings suggested it is navigating the coronavirus pandemic better than several other European banks, driven by a boom in its trading businesses. The lender ...
Some advertisers that left Facebook Inc. for July to protest the proliferation of hate speech on its platforms say they are coming back, while the tech giant's financial outlook suggested the boycott isn't taking a major financial toll. VF Corp.'s North Face, arguably ...
The world's most valuable company just announced a 4-for-1 stock split. Don't be surprised if Amazon, Alphabet, and other market-cap giants with big-ticket price tags follow suit. Rick Munarriz. (TMFBreakerRick). Jul 31, 2020 at 8:09AM. Author Bio.
(Adds comment from spokeswoman on number of extensions). By Padraic Halpin. DUBLIN, July 31 (Reuters) - Ulster Bank is extending repayment breaks for around 60% of the 12,000 mortgage customers who sought an initial three-month payment holiday ...
In 2015, Henrik Fisker rested alone on a Malibu beach, contemplating the sunset. His start-up electric car company, Fisker Automotive, had gone bust, but he was determined to try again. The new company would be called, simply, Fisker. Inspired by the sun, ...
Spot gold was steady at $1,958.99 per ounce by 0029 GMT. Bullion rose 10% so far this month, its biggest percentage rise since February 2016. The metal was also on track for its eighth straight weekly gain. U.S. gold futures rose 0.5% to $1,953. Ktsdesign ...
(Reuters) - Merck & Co Inc (MRK.N) on Friday posted a higher-than-expected quarterly profit and raised its full-year earnings forecast on resilient demand for its blockbuster cancer therapy Keytruda during the COVID-19 pandemic, sending its shares up 3%.
NEW DELHI (Reuters) - India's federal fiscal deficit touched a record $88.5 billion in the April-June quarter, 83.2% of the target for the whole of the current fiscal year, reflecting the impact of the coronavirus pandemic on tax collections and as the government ...
The unprecedented hacking of celebrity Twitter accounts this month was caused by human error and a spear-phishing attack on Twitter employees, the company has confirmed. Spear-phishing is a targeted attack designed to trick people into handing out ...
(Reuters) - Drugmaker AbbVie Inc (ABBV.N) reported a loss in the second quarter on Friday, as comparable sales from wrinkle treatment Botox, acquired as part of its $63 billion Allergan Plc (AGN.N) deal, slumped due to the impact of the COVID-19 pandemic ...
Under Armour Inc. shares rose 16% Friday after the sportswear maker reported a $183 million loss in the second quarter and saw sales fall 41% due to the Covid-19 pandemic, outperforming expectations. Baltimore-based Under Armour''s loss in the second ...
BEIJING—An official gauge of China's factory activity expanded at a faster pace in July, as improving demand inside and outside the country kept the recovery of the world's second-largest economy on track. China's official manufacturing purchasing ...
(Adds detail, analyst, background). By Laurence Frost. PARIS, July 31 (Reuters) - Air France-KLM is ready to cut capacity by more than the previously announced 20% if the coronavirus recovery falls short of expectations, Chief Executive Ben Smith said on ...
CLEVELAND, Ohio -- California Pizza Kitchen said it will close an unspecified number of restaurants after filing Chapter 11 bankruptcy Thursday. In a release, the company, which operates more than 200 restaurants, said the filing was necessary "to reduce its ...
New York (CNN Business) Google's parent company Alphabet posted the first revenue decline in its history during the three months ended in June, a sign of just how much the global pandemic and economic downturn is straining its core advertising business.
Amazon CEO Jeff Bezos speaking via videoconference during a House Judiciary Subcommittee hearing on Wednesday. Graeme Jennings/Washington Examiner/Bloomberg via Getty Images. After Amazon warned of turbulent times ahead during the ...
BENGALURU (Reuters) - India's Tata Motors Ltd (TAMO.NS) posted a loss for a second straight quarter on Friday, as coronavirus-related lockdowns in several countries hit sales at Jaguar Land Rover, its luxury car unit. Tata Motors reported bit.ly/319kXxY a ...
Nvidia Corp. is in advanced talks to acquire Arm Ltd., the chip designer owned by SoftBank Group Corp., according to people familiar with the matter. The two parties aim to reach a deal in the next few weeks, the people said, asking not to be identified ...
The government's move to impose restrictions on imports of TV sets will boost domestic manufacturing and assembling activities in India, according to leading industry players. Brands such as Sony, LG, Panasonic, Thomson and contract manufacturers like ...
New Delhi: NIIT Ltd on Friday said its consolidated net profit stood at Rs 29 crore in June 2020 quarter. The skills and talent development firm had posted a loss of Rs 1.5 crore in the year-ago period on a like-to-like basis (excluding the impact of a one-time ...
PARIS--(BUSINESS WIRE)--Regulatory News: "acquisition of satellites and other tangible or intangible assets". Tweet this. The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris: ETL), chaired by Dominique D'Hinnin, ...
WHITE PLAINS, N.Y. (AP) — ITT Corp. (ITT) on Friday reported second-quarter earnings of $48 million. On a per-share basis, the White Plains, New York-based company said it had profit of 55 cents. Earnings, adjusted for one-time gains and costs, came to ...
Thailand's second-quarter economic contraction could reach a record 13% year-on-year after business activity was halted by lockdown measures during the period, says the Bank of Thailand. The anticipated decline would mark the worst year-on-year ...
FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) said on Friday it had closed the 17.2 billion euro (15.5 billion pounds) sale of its elevator division to private equity firms, giving the conglomerate a cash lifeline but robbing it of its best asset. FILE PHOTO: A ...
By Tracy Rucinski. CHICAGO (Reuters) - United Airlines said on Thursday it has decided to drop its contract with ExpressJet, and consolidate all of its outsourced flying on 50-seat planes with regional rival CommutAir. The decision is a fatal blow to ExpressJet ...
Shares of Kraft Heinz Co. slid more than 3% on Thursday after the food giant reported a net quarterly loss of $1.65 billion, driven mainly by a $2.9 billion non-cash write-down on the value of some of its iconic brands. Meanwhile, company officials noted that ...
Waste Management, Inc. (WM) announced solid financial results for Q2 2020 – despite a negative revenue impact of $400 million due to COVID-19-related business interruptions. The company had a stronger than expected performance and credited its ...
It's perhaps the perfect Wawa for the coronavirus age: a store you never enter, loading up on hoagies and coffee at the drive-thru, instead. Wawa, the eastern rival in the Keystone State convenience store wars to Sheetz, announced plans to build the chains ...
One of the more fascinating outcomes of the coronavirus pandemic has been the resurgence of day trading, led by Barstool Sports founder Dave "Davey Day Trader" Portnoy. Portnoy had only purchased one stock in his life before the lockdowns were ...
(Reuters) - Belgium's Umicore SA on Friday beat first-half core profit expectations as a strong performance in recycling offset a slump in demand for auto parts. The maker of catalytic converters and battery materials for carmakers said its adjusted earnings ...
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