8:25 am: Wall Street analysts react to Apple earnings The tech giant reported mixed earnings on Thursday after the bell but analysts say Apple is well-positioned as the 5G cycle begins to ramps up. “We remain positive on the long-term eco-system and product development opportunities, coupled with a strong balance sheet and brand position,” Baird said.
Month: May 2020
Comprehending the enormity of climate change is about as mind-bending as understanding the ultimate effect novel coronavirus SARS-CoV-2 (the virus that causes Covid-19) will have on America and the world. But a free, interactive tool made by artificial intelligence start-up HyperGiant helps put both global crises and their relationship to each other in perspective. The “ACES:
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from the coronavirus pandemic and what its future holds. The meeting will be held Saturday but,
NoDerog | E+ | Getty Images Millions of families are counting on government stimulus payments to get some financial relief amid the coronavirus pandemic. However, some are opening their bank accounts to find an unwelcome surprise: payments that exclude their qualifying children. Many complaints are coming from one particular group: individuals who are receiving government
Mark Cuban told CNBC on Friday he believes small businesses in Texas face numerous challenges in trying to reopen safely and effectively during the coronavirus pandemic. “There’s all these downstream issues that really haven’t been addressed yet, and small businesses haven’t been provided the support they need to actually get open,” said the Dallas Mavericks owner and
By Dick Friedman, Next Avenue Contributor Residents of Rossmoor, a Northern California retirement community, prior to the pandemic Rossmoor.com In normal times, Rossmoor, the 1,800-acre “active senior community” where I live, in Walnut Creek, Calif., is a cacophony of sound. There are the crack of the mahjong tile, the thwack of the pickleball hitting a
TOPLINE Stocks have skyrocketed since their coronavirus low in late March, but experts are now warning that dismal economic data and lackluster corporate earnings are reasons to be skeptical of the market’s latest rally. There are reasons to doubt the stock market’s latest rally, experts say. Mark Lennihan/ASSOCIATED PRESS KEY FACTS April was the stock
Austin, Texas– While many Austin businesses will begin to open their doors again beginning May 1 amid mounting fear of the Coronavirus, don’t count on finding the bastions of the city’s legendarily rich film culture among them. Just after Texas Governor Greg Abbot rolled out the phases of his back-to-work policy on April 27– one
Getty If you’re like many investors these days, you’re warily eyeing your portfolio, wondering where the next dividend cut will come from. Fear of dividend cuts is reasonable, even if you hold the Dividend Aristocrats—the 63 S&P 500 firms that have raised their payouts for 25 years (or more). This club includes well-known names like
The entrance to the Magic Kingdom at Disney World is seen on the first day of closure as theme parks in the Orlando area suspend operations for two weeks in an effort to curb the spread of the coronavirus (COVID-19). Paul Hennessy/SOPA Images/LightRocket via Getty Images) Paul Hennessy | SOPA Images | LightRocket via Getty
Chevron warned Friday in its quarterly earnings report that results will remain depressed as long as oil prices remain low, and said that it was further cutting its 2020 capital spending plan. For the first quarter Chevron reported EPS of $1.93, which included $660 million in one-time favorable items, and $31.5 billion in revenue, helped by downstream
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows. The oil giant lost $610 million in the first quarter due to writedowns tied to
Empty streets in downtown Portland, Oregon, on April 22, 2020. Moriah Ratner/Bloomberg via Getty Images This is not going away anytime soon. From grocery shopping to working remotely to homeschooling kids, nearly everything in life is different. Almost all Americans are anxious about money, according to a survey from National Endowment for Financial Education. “We
Moran Forman of Goldman Sachs, 33, in her home office in the Chelsea neighborhood of New York. Source: Goldman Sachs Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and powers up the full might of Goldman Sachs on a curved LCD screen. Forman, a
If daydreaming about scoring a windfall would help you escape the coronavirus doldrums, you might want to buy a Mega Millions ticket. The lottery game’s jackpot has reached the $200 million mark for the first time in almost three months amid slowing sales. And if all six numbers are matched in Friday night’s drawing, it
Owner Mark Cuban of the Dallas Mavericks reacts prior to the game against the Philadelphia 76ers at the Wells Fargo Center on December 20, 2019 in Philadelphia, Pennsylvania. Mitchell Leff | Getty Images Billionaire entrepreneur Mark Cuban said Friday that small businesses should apply to multiple banks in order to boost their chances of receiving a loan
Burger poster in the city. Getty There are those who might disagree, but I don’t see anything inherently wrong with the concept of states imposing sales or gross receipts taxes on digital advertising, especially if they already tax a wide range of services. Yet that doesn’t mean there isn’t a problem. Though the concept may
Photo: Getty Money makes the world go ’round. And capitalism creates the opportunity for an individual to make large capital gains over varying rates of time. That could mean thousands of dollars in a month, in an hour of working or even without working at all — there are individuals who invest in apartments passively,
Ursula von der Leyen, president of the European Commission, delivers a speech during a special address on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 22, 2020. Bloomberg The president of the European Commission backed calls for an investigation into the origin of the new coronavirus and said China should
A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP | Getty Images United Airlines Thursday posted its biggest quarterly loss since 2008 and expects to burn an average of $40 million to $45 million a day in the second quarter as