The outbreak of the deadly Coronavirus has dealt a major blow to the global economy. Some of the most effective measures put in place to curb the virus spread include social distancing, which is awful news to mall owners with real estate investment trusts (REITs) in their portfolios. Businesses are…
Apple Inc. (NASDAQ: AAPL) announced its new MacBook Pro with a 13-inch display on Monday. The company said that the new machine will come with twice the storage capacity (256 GB) on its entry-level model as compared to the previous version. Despite the storage upgrade, the company kept the…
Over the last couple of weeks, the bond market has undergone dramatic changes most triggered by the Coronavirus pandemic. Private and state support has been instrumental in keeping the market afloat, and the efforts seem to be bearing fruits. Fixed income earners looking to invest in corporate bonds are set…
Tyson Foods (NYSE: TSN) released its quarterly financial results on Monday that reported a 15% annualized decline in its net income in the second quarter as COVID-19 disrupted production. The company also announced to have secured a £1.21 billion loan facility. Tyson Foods was reported 5% down in premarket…
As the Coronavirus pushed global retailers into temporary closures, many of them have been tipped over the brink. In recent news, J. Crew Group Inc. said on Monday that it has filed for bankruptcy protection. Lenders are now expected to take over control of the retailer. The American specialty retailer…
According to The Telegraph’s report on Saturday, Tesla Inc. (NASDAQ: TSLA) wishes to enter the UK market as an electricity supplier. The company has already applied to the energy regulator for a license. The move, as per an anonymous company source, is targeted at introducing Tesla’s Autobidder platform in…
Environmental solutions company Land Betterment Corporation has embarked on raising funds using a crowdfunding platform known as Fundopolis. Land Betterment Corporation or simply ‘Land Betterment’ is an impact-driven company focused on upcycling old coal mining sites to foster community development and sustainability through job creation. Institutional and individual investors can…
In a statement on Friday, President Donald Trump announced that Gilead’s (NASDAQ: GILD) Remdesivir drug has been approved for emergency use in Coronavirus patients by the Food and Drug Administration (FDA). The U.S president announced the emergency use authorization (EUA) with CEO Daniel O’Day of Gilead Sciences in the…
A report has emerged showing more than half of the department stores in US malls could close permanently by the end of 2021. According to the report by Green Street Advisors, the whole of the US is currently serviced by about 1,000 open malls, and 60% of the occupants…
The Clorox Company (NYSE: CLX) released its earnings report for the fiscal third quarter on Friday that showed a 15% increase in its sales. The company attributed the jump in sales to its cleaning products that were greatly in demand due to the Coronavirus pandemic. Clorox also upgraded its…
Visa Inc. (NYSE: V) released its second-quarter earnings report on Thursday that posted a 4% increase in profit. The company, however, cited rising unemployment due to COVID-19 as it withdrew its full-year financial guidance. Amidst the pandemic, Visa added, people are conserving more cash. In January before the outbreak…
Amgen Inc. (NASDAQ: AMGN) reported stronger than expected financial results on Thursday that initially pushed share prices up roughly 2% in after-hours trading but the stock settled around 0.5% lower than the price at which it closed the regular session. Amgen also announced on Thursday that it plans on testing…
Chevron Corp. (NYSE: CVX) released its quarterly financial results on Friday and warned that its performance is expected to keep under pressure unless oil prices recover. The company also slashed its 2020 capital expenditures further on Friday. In the first quarter, Chevron generated £25.14 billion in revenue as compared…
In its report on Friday, Restaurant Brands International Inc. (TSE: QSR) announced a massive 26.2% increase in same-store sales at its world-popular chain of fast-food, Popeyes. The company attributed upbeat sales to its chicken sandwiches that it said were greatly in demand in the recent quarter. Popeye’s sales printed…
Apple Inc. (NASDAQ: AAPL) released its quarterly financial results on Thursday that topped analysts’ estimates for earnings and revenue but the stock was reported over 2% down in after-hours trading. Second-quarter marks the period for Apple in which its supply and demand were massively weighed by the Coronavirus pandemic.
Amazon Inc. (NASDAQ: AMZN) released its quarterly financial report on Thursday that fell shy of the earnings estimate. The company attributed lower than expected earnings to the impact of the Coronavirus. Following the release of financial results, Amazon was reported 5% down in extended trading on Thursday. According to…
The recently established Paycheck Protection program (PPP) has come as a relief to small-scale businesses in the US. But financiers, especially the large banks will be forced to wait a little longer to benefit from the electron loans after the country’s Treasury and the Small Business Administration resolved to…
Qualcomm (NASDAQ: QCOM) released its quarterly financial results on Wednesday that pushed its stock 3% up in extended trading on top of a roughly 5% increase during the regular session. According to Refinitiv, experts had forecast Qualcomm to print £4.02 billion in revenue in the second quarter. In terms…
Tapestry Inc. (NYSE: TPR) released its financial results for the third quarter on Thursday that announced a roughly 20% decline in its quarterly sales. The company attributed to the downbeat performance to the Coronavirus pandemic that pushed 90% of the company’s stores to temporarily shut down or reduce working…
Comcast Corp. (NASDAQ: CMCSA) released its quarterly financial results on Thursday that posted a dramatic 40% decline in the company’s profit in the first quarter. Despite the upbeat performance from its cable and broadband segments, the company failed to offset a broader decline in its theme park and film…
Facebook Inc. (NASDAQ: FB) released an upbeat financial report for the first quarter on Wednesday that sent its stock up roughly 10% in extended trading. Last month, Facebook said its ad revenue took a massive hit due to the Coronavirus pandemic. On Wednesday, however, the company injected optimism citing…
Tesla Inc. (NASDAQ: TSLA) released its quarterly earnings report on Wednesday that recorded a £12.83 million profit (GAAP) in the first quarter. The upbeat results sent the stock up 9% in extended trading. On the other hand, however, Tesla posted £718 million in negative free cash flow in Q1…
Microsoft Corp. (NASDAQ: MSFT) released its quarterly financial results on Wednesday that showed a 15% increase in its sales attributed to the upbeat performance of its cloud business. Following the release of the Q3 earnings report, Microsoft was reported 5% up in after-hours trading on Wednesday. The company highlighted…
In its statement on Wednesday, General Electric (NYSE: GE) cited Coronavirus pandemic as it announced its revenue to have dropped significantly in the first quarter. At £16.50 billion, the company’s net quarterly revenue came in 8% lower as compared to the same quarter last year. GE made 4 pence…
Hasbro Inc. (NASDAQ: HAS) released its quarterly financial results on Wednesday that missed analysts’ estimates for earnings and revenue. The company, however, expressed confidence in its firm financial position and highlighted that it plans on slashing costs to cope up with the seasonal demand that is commonly attributed to…
