Bank earnings may reveal ugly-looking loan portfolios for the second quarter, but the industry hopes to defend its investment banking and cost-cutting efforts to squeeze earnings. The earnings season will kick off on Tuesday when JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) report earnings before the market bell, …
Read More »Dow Jones jumps 500 points as Apple Stock skyrockets, Disney to close Hong Kong park
the Dow Jones Industrial Average (DJINDICES: ^ DJI) It rose 2.1% at 1:50 pm EDT on Monday despite the extreme uncertainty surrounding the pandemic and the recovery of the US economy. The US states, including Florida and Texas, have reported a record number of confirmed cases, and reports indicate that …
Read More »Tony Stewart’s new auto racing league will offer fans an alternative to NASCAR
Matt Bonesteel, The Washington Post Published 9:24 am CDT, Monday July 13, 2020 With his NASCAR career ending in October 2016, Tony Stewart outlined his plans for retirement. “People ask, ‘What are you going to do next year?’ and I say, “Whatever I want.” It is the first time in …
Read More »Airlines face continuing uncertainty about Covid-19. Wall Street is of two minds.
Text size Two analysts covering Southwest Airlines took two different tacks on the action, with one analyst raising the target price and the other lowering the equivalent of Hold. However, in the era of the coronavirus pandemic, Southwest has been one of the toughest airline stocks. Ethan Miller / Getty …
Read More »Microsoft spins the Xiaoice chatbot for Chinese users
Satya Nadella, CEO of Microsoft Corp., gestures as she speaks during a Bloomberg event on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, Tuesday, January 21, 2020. Simon Dawson | Bloomberg | fake pictures Microsoft will no longer be the father of a user-friendly virtual chatbot …
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