Earnings Report

Facebook Inc. powered through the throes of the pandemic, as the social-media giant posted higher revenue thanks to increased engagement from users.

Amazon.com Inc. said sales and profits soared in the second quarter as shoppers inundated the company’s site with orders and employees working from home around the world powered growth in its cloud-computing unit.

U.S. gross domestic product, or GDP, tumbled by an annualized rate of 32.9 percent in the three months through June

Sales of previously owned homes rose 20.7% in June over the prior month to a seasonally adjusted annual rate of 4.72 million, according to data from the National Association of Realtors released last week.

Comcast's video losses in the second quarter were better than expected. The company shed 477,000 video customers, fewer than the 513,000 estimated by FactSet.

Kraft Heinz Co. wrote down the value of its Oscar Mayer cold cuts and Maxwell House coffee brands, and several other businesses, reflecting challenges for the food maker despite sales that have been higher of late due to the Covid-19 pandemic.

The company’s U.S. domestic service saw average daily volume grow by a record 23 percent to 21.1 million packages per day.

Cereal maker Kellogg Co raised its full year sales and profit forecast on Thursday, buoyed by rising demand for its Corn Flakes, Fruit Loops and waffle mixes among consumers stuck at home due to the COVID-19 pandemic.

Brunswick said COVID-19 resulted in boat stockpiles falling 34 percent to their lowest level in almost 20 years

Comparable sales have shown improvement every week of this month, reaching the low single digits by July 25.

GDP, jobless claims and tech earnings are on tap

The global licensing agreement grants Huawei back rights to some of the San Diego-based tech company’s patents.

Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Google CEO Sundar Pichai defended their businesses at an antitrust hearing.  

The aviation business, once a profit engine for GE, swung to a loss in the June quarter as both revenue and orders plunged. The unit produces engines for Boeing Co. and Airbus SE planes but has had to cut production and jobs as airlines delay orders.

Wingstop said it earned 39 cents a share, more than double the figure in the year-ago period, on revenue that rose 36 percent year over year, to $66.1 million.

General Motors lost $758 million in the second quarter as revenue fell 53 percent from a year ago.

Sales in the commercial airplanes business, Boeing's largest, sank 65 percent to $1.8 billion as the planemaker delivered just 20 aircraft, less than a third of the total a year earlier.

Blue Apron added 20,000 customers during the three months through June, helping increase the order count by 389,000.

In the second quarter, investment bank revenues rose 46%

Traders will be watching earnings, tech and the Fed