US Markets

Apple delivers another blockbuster earnings report and announces stock split

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

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

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.

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

Eastman Kodak will supply about 25 percent of small-molecule key starter materials and active pharmaceutical ingredients for the U.S. supply chain, CEO Jim Continenza told FOX Business’ Stuart Varney on Wednesday.

New COVID-19 infections reached a record high of nearly 76,000 a day on July 17 and while the total has since come down, it remains stubbornly elevated at above 54,000. Deaths are currently above 1,100 a day, about 42 percent of the May peak of 2,701.

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

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

Coronavirus relief negotiations with House Democrats, who passed a larger relief bill months earlier and criticized the GOP plan as insufficient, are ongoing.

The Long Island City, New York-based air carrier lost $320 million in the three months through June as ticket sales plunged.

Harley-Davidson is planning a strategic overhaul after losing $92 million in the second quarter as COVID-19 slammed business.

The Arlington, Texas-based homebuilder booked a fiscal third-quarter profit of $630.7 million, or $1.72 per share, as revenues rose 10 percent to a record $5.4 billion.

U.S. equity markets rallied and gold hit a record high as Republicans readied a $1 trillion coroanvirus relief bill.

Hasbro's lost $33.9 million in the second quarter as store closures and supply-chain issues impacted its ability to meet demand.

The tech-heavy Nasdaq, led by MAGA stocks Microsoft, Amazon, Google and Apple, has soared 56 percent since its March 23 low amid stay-at-home orders meant to slow the spread of COVID-19.

Stocks end a choppy week lower.

Hedge fund manager Bill Ackman was accused of playing up coronavirus fears after making a $27 million bet against the market.

Daily monetizable active users rose 34% year-over-year.