American Airlines swings to a quarterly loss as the coronavirus depressed demand, but it slashed its cash burn.
Schlagwort-Archiv: CNBC
AT&T loses monthly subscribers as media unit takes a hit from coronavirus
AT&T said on Thursday it lost monthly phone subscribers and suffered a $2 billion revenue decline from delayed movie releases and advertising shortfalls in the second quarter as the Covid-19 pandemic ravaged its business.
Southwest posts $915 million loss, warns travel demand will remain weak without coronavirus vaccine
Southwest Airlines lost $915 million in the second quarter and warned that travel demand will be „depressed“ until there’s a coronavirus vaccine or treatment.
Twitter reports strong user growth, but ad revenue is down 23%
Twitter said it saw „moderate recovery“ to its ad business compared with March, but ad revenue was still down 23% year over year.
Dow to cut costs to blunt pandemic blow, posts smaller-than-expected loss
Dow Inc. swung to a second-quarter loss as demand plunged for its chemicals from consumer durables and construction material makers and said it would reduce its workforce by 6% to weather the coronavirus crisis.
Cramer says the stock market could go even higher if more Americans wore coronavirus masks
The „Mad Money“ host said that wider mask adoption could push stocks tied to state economic reopening plans higher in addition to tech names.
Bill Ackman: ‚We are long-term bullish on America‘ but betting against high-yield companies
Billionaire investor Bill Ackman said highly levered companies will have a hard time surviving as the country struggles to reopen fully.
Stocks making the biggest moves in the premarket: Biogen, Pfizer, Best Buy, Snap, iRobot & more
The stocks making the biggest moves in premarket trading include Biogen, Pfizer, Best Buy, Snap, iRobot, and more.
Bill Ackman: Pershing Square ‚taking no compensation‘ for new SPAC investment vehicle
Pershing Square Capital Management’s Bill Ackman spoke to CNBC’s „Squawk Box.“
Best Buy sales get an online boost, sending shares higher
Best Buy said its quarter-to-date sales rose about 2.5%, driven by a surge in online shopping for electronic devices and appliances.