Take a look at some of the most important engines on the previous market: Conagra Brands (CAG): The food producer reported quarterly earnings of 75 cents a share, 9 cents a share above estimates. Revenue also exceeded consensus, and Conagra gave a forecast range of earnings for the current quarter …
Read More »Elon Musk: Tesla’s equilibrium point in 2Q will be ‘adjusted’ due to coronavirus
Auto trainer Lauren Fix says the only reason automakers make electric vehicles is because they’re under pressure from governments. As the second quarter comes to a close, Tesla CEO Elon Musk is asking employees to do everything possible to help the company break even despite ‘tight’ odds due to the …
Read More »Powell, Mnuchin enters the lion’s den again to discuss the response to the pandemic
WASHINGTON (Reuters) – US lawmakers on Tuesday will have another chance to criticize the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $ 3 trillion in emergency aid apportioned to stem the economic consequences of the new coronavirus pandemic . FILE PHOTO: Federal Reserve Chairman …
Read More »Shell takes $ 22 billion hit by low oil prices
Image copyright fake pictures Shell, one of the world’s largest oil companies, warned that the low price of oil could reduce the value of its assets by as much as $ 22 billion (£ 17.9 billion). He said he expects oil to change hands at $ 60 a barrel in …
Read More »Micron, Uber, Jerome Powell, Covid-19: 5 things you should know
Here are five things to know for Tuesday, June 30: 1. – Mixed stock futures when Powell warns of uncertainty The future of stocks was mixed on Tuesday on the last trading day of the second quarter, as Federal Reserve chairman Jerome Powell warned that a rebound in the U.S. …
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