According to the US senator and numerous officials of the postal workers union, the US Postal Service is considering cutting service and closing locations, as the agency faces a cash crisis before an expected increase in voting by mail due to the coronavirus pandemic. Senator Joe Manchin, DW.Va., sent a …
Read More »Apple: Q3 blowout and stock split (NASDAQ: AAPL)
After Thursday’s bell, we received third-quarter fiscal results from tech giant Apple (AAPL) for its final period in June. Over the past few months, there has been a lot of uncertainty surrounding the name, as the coronavirus pandemic prompted management to retain any formal guidance. While stocks had come together …
Read More »Asian benchmarks fall, looking for gains, central banks
TOKYO (AP) – Asian stocks fell on Friday when reports showed layoffs of US workers persist at high levels after the US economy contracted at an annual rate of nearly 33% in the spring, the worst quarter on record. The earnings reports, an indicator of how well companies are handling …
Read More »Plan to Cut $ 600 Life Preservers Threatens Misery for Millions of Americans | American economy
FOr millions of unemployed Americans facing the worst economic crisis since the Great Depression, a government payment of $ 600 per week has been a vital lifesaver, allowing them to keep their homes and put food on the table despite losing their jobs. But now, many of those affected by …
Read More »Nokia posts surprise jump in second-quarter earnings when new CEO takes over
New Nokia President and CEO Pekka Lundmark (C) shakes hands with President and Chief Executive Officer Rajeev Suri after a press conference at Nokia headquarters in Espoo, Finland on 2 March 2020. Markku Ulander | Lehtikuva | AFP via Getty Images Nokia saw earnings rise 22% to 316 million euros …
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