„The president is not going to bail out Chicago and New York and other states that prior to the coronavirus were mismanaged,“ Mnuchin told CNBC.
Schlagwort-Archiv: Financial
Coronavirus cases could reach 150,000 a day this fall, widely followed Morgan Stanley analyst says
Morgan Stanley’s biotechnology analyst Matthew Harrison said 150,000 daily new coronavirus cases are possible in the fall without better control of the virus.
Stocks making the biggest moves after hours: Microsoft, Tesla, Chipotle and more
See which stocks are posting big moves after the bell.
U.S. is on a collision course with a double-dip recession, economist Stephen Roach warns
Former Morgan Stanley Asia chairman Stephen Roach warns warns V-shaped recovery mania on Wall Street is leading investors astray.
Stocks making the biggest moves in the premarket: Twitter, AT&T, Blackstone, Tesla, Microsoft & more
The stocks making the biggest moves in premarket trading include Twitter, AT&T, Blackstone, Tesla, Microsoft, and more.
American Airlines posts $2.1 billion net loss in second quarter
American Airlines swings to a quarterly loss as the coronavirus depressed demand, but it slashed its cash burn.
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.