Rock-bottom mortgage rates cushion banks during coronavirus pandemic
Historically-low mortgage rates are helping banks generate revenue amid the COVID-19 pandemic.
Delta Air Lines takes $7B loss as coronavirus grounds flights
Delta Air Lines lost $3.86 billion before taxes and other items as the COVID-19 pandemic grounded flights.
Huawei posts 13.1% revenue growth amid pandemic, sanctions
U.S. officials say Huawei is a security risk. The company denies that
Stock futures trade lower as banks report earnings
JPMorgan Chase reported better-than-expected results. Citigroup earnings per share were also better than expected, while Wells Fargo reported a net loss of $2.4 billion.
Stocks surrender gains after California rolls back coronavirus reopenings
A late day reversal hits stocks hard ahead of bank earnings out tomorrow.
PepsiCo beverage sales slide amid coronavirus lockdowns
PepsiCo reported second-quarter sales slid 3.1 percent from a year ago as consumers stocked up on snacks and bought fewer beverages amid the COVID-19 pandemic.
Stock futures rise to start week ahead of earnings season
On Tuesday, heavyweights like JPMorgan Chase, Citigroup and Wells Fargo will report
Nasdaq grabs new record as stocks post weekly gains
US stocks end week on a positive note ahead of earnings season.
Carnival sales plunge 85% as coronavirus docks ships
The Miami-based cruise operator’s revenue plunged 85 percent from a year ago to $740 million, driving its loss to $6.07 per share.
Nasdaq powers higher as Dow drops over 361 points
Initial jobless claims for the week ended July 3 totaled 1.314 million, meaning nearly 50 million Americans have filed for first-time unemployment benefits since mid-March.
Walgreens loses $1.7B as coronavirus snarls overseas sales
Walgreens Boots Alliance lost $1.7 billion in its fiscal third quarter as the coronavirus caused a sharp drop in sales.
Stocks jump, Nasdaq resumes record run
The Nasdaq has its best first five days of the second half of a year since 2003.
New OECD data sheds light on multinationals profit-shifting to cut taxes
Data indicates corporations tend to book profits in low tax financial hubs rather than where they really do much of their business
Samsung projects 23% jump in profit on strong chip sales
Finalized earnings will be released later this month
Nasdaq hits 22nd record as new quarter begins
U.S. equity markets built on gains from the best second quarter in two decades amid a gradual nationwide reopening from coronavirus lockdowns.
World's largest gold mining complex beats first-year targets despite coronavirus
Nevada Gold Mines, the joint venture between Barrick Gold and Newmont, is mining almost 4 million ounces a year.
Macy's takes $3.2B coronavirus hit
Macy's took a $3.2 billion first-quarter writedown due to the impact of COVID-19.
FedEx says coronavirus shopping helped offset commercial slowdown
Shares of FedEx surged more than 8 percent in after-hours trading on the company's earnings report
Dow posts best quarter since 1987 as stocks rebound from coronavirus lows
US stocks post the best quarterly performance in decades.
The future of fast food has arrived ahead of schedule
These chains have responded to the crisis by reducing menu options, closing dining rooms and offering better deals. As a result, customers have been returning in large numbers.

















