Stocks surge on Gilead’s coronavirus drug and Fed’s pledge to keep rates near zero
More positive news on Gilead's COVID-19 drug remdesivir is juicing stocks.
Trucking giant CH Robinson furloughs 7% of North American workers
C.H. Robinson furloughing 7% of workers in U.S. and Canada to mitigate pressures caused by COVID-19.
Tupperware posts loss as new CEO grapples with coronavirus
Tupperware on Wednesday said it generated sales of $375.9 million for the first quarter, down from $487.3 million a year earlier.
Spotify lowers sales targets as ad pullback overshadows subscriber growth
Spotify said its data indicate morning routines have changed, and every day looks more like the weekend, with fewer people commuting to work.
Mastercard says touchless transactions spiked amid coronavirus worries
Mastercard Inc. President Michael Miebach said contactless transactions increased 40% worldwide in the quarter that ended in March, and he expects those habits to last.
Blue Apron shares sink as quarterly loss widens to $20.1M
Blue Apron's prospects have brightened since the end of the quarter, with sales rising as people shelter at home during the COVID-19 pandemic.
Boeing whacked by coronavirus, 737 MAX grounding
Boeing lost $641 million as COVID-19 and the grounding of the 737 MAX aircraft significantly impacted business.
Stock market shows weakness of coronavirus rally
The comparatively small number of companies driving the S&P 500's rally is a worrying sign for investors.
GE profit spikes, overcoming aviation drag
The Boston-based conglomerate earned $6.16 billion, or 72 cents a share, as total revenues fell 8 percent to $20.52 billion.
Hasbro stock slips as coronavirus clouds earnings outlook
Adjusted earnings per share came to 57 cents, below the FactSet consensus of 66 cents.
Stock futures rise as oil rallies
Boeing and Microsoft will report earnings on Wednesday
Ford delays autonomous vehicle service to 2022
The Dearborn, Michigan-based automaker said its “mobility” segment – which includes the autonomous vehicle program – operated at a $368 million loss for the quarter.
Coronavirus slows Alphabet growth, drives Google users
Google, YouTube and cloud-based services drove Alphabet to a 13 percent revenue gain, the slowest growth the company has seen in more than four years as the coronavirus pandemic spread around the world.
Coronavirus hurts Starbucks sales as coffee giant eyes reopening
US same-store sales dropped 3 percent as the pandemic limited store operations.
Stock rally takes breather ahead of Starbucks, Google earnings
Starbucks, Ford, Google set to report results Tuesday after the bell.
UPS slashes spending, halts stock buybacks
UPS has spent billions of dollars in recent years to upgrade its delivery network with more sortation capacity and automated facilities so that it can handle delivery surges, like during the holiday season.
3M to cut costs as business cools beyond masks
3M has ramped up production of N95 masks, so-called because they block 95% of very small particles including those containing the virus.
Pfizer sales slide as coronavirus curbs doctor visits
The drugmaker cited fewer in-person meetings with subscribers and restrictions on patient movements due to shelter-in-place policies that weighed on the company's overall sales.
D.R. Horton profit, sales rise as coronavirus pandemic hits housing
D.R. Horton Inc. said Tuesday that profit and sales rose in the latest quarter, but home orders were slowing and cancellations were growing due to the coronavirus pandemic.
Harley-Davidson overhauling strategy as coronavirus drains income
Harley-Davidson reduced its quarterly payout to 2 cents a share from 38 cents.




















