Amazon also posted record profits on Thursday. AFP / Getty Images Amazon.com Inc. obtained approval from the Federal Communications Commission to build a $ 10 billion satellite internet network that would rival SpaceX’s Starlink network. In documents released Thursday, the FCC authorized Amazon’s request to build a network of more …
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Text size Defense sales stood out in the quarter. Mario Tama / Getty Images Defense and aerospace giant Raytheon Technologies crushed Wall Street’s profit expectations, but the stock fell anyway on Tuesday morning. The commercial aerospace sector is not improving fast enough for investors. Raytheon (ticker: RTX) earned 40 cents …
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Text size It is the busiest week of the second quarter earnings season, with 171 S&P 500 companies slated to report. Things start slowly on Monday, before 3M, Advanced Micro Devices, eBay, McDonald’s, Pfizer, Starbucks and Visa reported on Tuesday. On Wednesday, Boeing, Facebook, General Electric, PayPal Holdings, Qualcomm and …
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Boeing Co. is slated to report second-quarter results on the Wednesday before the bell, giving investors a clearer picture of the impact of the coronavirus pandemic on a company that is already plagued with problems of its own making. Boeing BA, -1.52% he’s scheduled to hold a call with analysts …
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As Americans wait to see if Congress passes another stimulus package next week to help people and industries cope with the coronavirus crisis, Elon Musk says the following: “ “Another government stimulus package is not in the best interest of the people.” “ Tesla TSLA CEO, -6.34% and SpaceX explained …
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