Ford expects $5 billion loss in current quarter as coronavirus hits demand
Ford Motor Co said on Tuesday its second-quarter loss would more than double to over $5 billion from $2 billion in the first quarter due...
Starbucks expects China recovery by September as coronavirus seen easing
Starbucks Corp said on Tuesday it sees sales in China, the company’s biggest growth market, recovering by the end of September, following a massive drop...
Ford expects $5 billion loss in current quarter due to coronavirus impact
Ford Motor Co said on Tuesday its second-quarter loss will more than double to $5 billion from $2 billion in the first quarter due to...
Wells Fargo’s relationship with NRA is ‘declining’: CEO
Wells Fargo & Co’s relationship with the National Rifle Association (NRA) is “declining,” Chief Executive Charles Scharf told investors on Tuesday....
Starbucks expects comparable sales in China to plunge, shares fall
Starbucks Corp said on Tuesday it expects comparable sales in China to decline between 25% and 35% in the current third quarter, hurt by the...
Alphabet warns of difficult quarter as consumers Google pandemic, not shopping
Alphabet Inc on Tuesday beat analysts’ estimate for quarterly revenue as its Google unit posted double-digit advertising growth despite the economic slowdown from the novel...
Brent settles higher on hopes of easing lockdowns, U.S. crude falls amid storage shortage
U.S. crude prices settled about 3% lower on Tuesday after data showing domestic stockpiles didn’t rise as high as had been expected given tightening storage,...
Coming U.S. shale results will test extent of oil hedges, output cuts
As low crude oil prices leave U.S. producers struggling to eke out profits, investors will focus on production hedges and cost-cuts to determine winners from...
Wall Street down on flight from techs; move to value limits loss on Dow, S&P 500
Wall Street’s major indexes lost ground on Tuesday as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks indicated hopes...
Boeing 737 MAX expected to remain grounded until at least August: sources
Boeing Co’s grounded 737 MAX jet is expected to remain grounded until at least August as the manufacturer continues to grapple with software issues, people...