People all over the world have at least some knowledge about the Walt Disney Company, commonly known as Disney. The coronavirus pandemic created certain problems for the company. On Tuesday, the company reported mixed earnings for its third fiscal quarter. Unfortunately, as in the case of many famous companies, the company also struggled to deal …
Disney released information about its fiscal third quarter on Tuesday. Importantly, the world-famous company experienced problems due to the coronavirus pandemic. Unfortunately, the revenue fell 85% compared to the same period of time last year. Let’s have a look at the results. Revenue failed to meet the expectations. Moreover, Disney reported a net loss for …
Disney Reported Mixed Earnings for its Fiscal Third Quarter Read More »
It is not a secret that companies suffered serious losses due to the coronavirus pandemic. The energy giant BP is not an exception. Importantly, the U.K-based energy giant lost billions of dollars. The energy giant reported a significant loss for the second quarter, after downgrading the value of some of its assets on expectations of …
Coronavirus Pandemic, BP and its Second Quarter Results Read More »
The coronavirus pandemic continues to dominate the headlines and it is not surprising as the pandemic created tons of problems for the companies around the world. It is worth mentioning that, BP reported a significant loss for the second quarter on August 4. The company downgraded the value of some of its assets on expectations …
Tech giant Apple reported better results than were expected despite the coronavirus pandemic. Their revenue reached $59.7 billion in the third fiscal quarter. Moreover, the company also announced its plans to give investors three additional shares of Apple per share already owned at the end of August as part of a 4-1 stock split. Importantly, …
Apple Surpassed Expectations in the Third Quarter Read More »
Stocks in the Asia Pacific were mixed on the last day of this month. For example, Japanese stocks led losses among Asia’s major markets. The Nikkei 225 fell by 2.82% to close at 21,710 as shares of the conglomerate Softbank Group dropped by 4.39%. At the same time, the Topix index fell by 2.82% to …
There is nothing that can make life more convenient than technology. Frontrunners in the Nasdaq list pulled companies upward while Wall Street’s other two indices went down. Standard and Poor’s 500 fell by 12.22 points or 0.38%, to 3,426.22. However, it was up by 4.71% on month to date. The Dow 30 has gained 1.94% …
Technology Firms on NASDAQ List Report Impressive Earnings Read More »
Starbucks is one of the most famous global coffee chains, not only in the U.S., but around the world. However, as in the case of other companies, the global coffee chain is struggling to cope with some problems. For example, its same-store sales fell 40% in the fiscal third quarter due to the coronavirus pandemic. …
The second quarter of the year has not been the most fruitful for European stock index firms. London’s FTSE 100 ended flat while the pan-continental STOXX 600’s, with 60% of constituents tradeing lower, slipped by 1.6%. Similarly, Germany’s DAX 30 fell by 0.10%, while France’s CAC 40 climbed 0.60%. Europe’s three best performing sectors include …
It was a tough quarter for the global coffee chain, as its same-store sales fell by 40% due to the coronavirus pandemic. Starbucks released information about its fiscal third-quarter results. Nevertheless, the company appears optimistic about the future. Interestingly, Starbucks decided to raise the outlook for its adjusted earnings for the fiscal fourth quarter. The …
The aviation industry suffered serious losses due to the coronavirus pandemic. As one can see from the information provided by Boeing, it struggled to cope with problems in the second quarter. For instance, the losses per share reached $4.79 vs the expected $2.54. Furthermore, the company’s revenue compared to the second quarter of 2019 fell …
Companies are trying to adapt to the everchanging environment to avoid a worst-case scenario. This makes sense, as the coronavirus pandemic created a lot of problems, even for the major companies. World-famous company Boeing was struggling to deal with their problems even before the coronavirus reached the U.S. However, the pandemic created additional pressure on …
World-Famous Aircraft Manufacturer Boeing and Wall Street Read More »
It’s a bright tech day to start the week. Despite many US stock companies falling below sustainable levels, major stock index firms soar to new highs. Thanks to tech giants driving the market to an increase after two straight days of unpleasant blows. Big tech companies in the NASDAQ-100 propelled the increase as fear for …
Major US Index Up, Tech Stock Firms Drive Market to Gains Read More »
Famous American e-commerce corporation eBay made the decision to sell its classified ads business to Norwegian group Adevinta. Importantly, Adevinta will pay $9.2 billion for eBay’s classified ads business, creating the world’s largest classified ads group. It is worth mentioning that eBay will receive $2.5 billion in cash as well as 540 million shares of …
E-Commerce Corporation eBay and its Classified Ads Business Read More »
Tensions between the U.S. and China continue to affect stocks. This is worrying, as tensions between the two largest economies in the world represent a serious issue. Investors are closely monitoring the situation to learn more about the severity of the problem. On Friday, not only mainland Chinese stocks but stocks the whole Asia Pacific …
Mainland Chinese Stocks Fell Due to Ongoing Situation Read More »
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