Chevron reported a loss of $ 8.3 billion in the second quarter, as the coronavirus pandemic “significantly reduced demand.” Amid a historic drop in oil prices, the company’s average price per barrel of oil and natural gas liquids fell more than 60% year-over-year. The oil giant lost $ 1.59 a …
Read More »Caterpillar Q2 2020 Earnings
Caterpillar Inc. excavators are on display for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, USA on Monday, January 27, 2020. Luke Sharrett | Bloomberg | fake pictures Industrial machinery manufacturer Caterpillar said Friday that lower costs and priority spending helped it offset a $ 1.4 billion decrease …
Read More »Stocks expected to rise on Friday after four tech giants post solid gains, Nasdaq futures gain 1%
Saul Loeb | AFP | fake pictures Stock futures rose Thursday night, preparing Wall Street to end the week on a high note as some of the biggest tech stocks (Facebook, Amazon, Alphabet and Apple) reported quarterly results that exceeded high expectations. Nasdaq 100 futures were trading 1.2% higher. Dow …
Read More »Coastal flooding puts 20% of the world economy at risk by 2100, according to a new report
Residents take pictures and explore the catastrophic damage of downtown Sanford following extreme flooding across central Michigan on May 20, 2020 in Sanford, Michigan. Matthew Hatcher | fake pictures According to the new report published Thursday in Springer Nature, up to 20% of the world’s gross domestic product could be …
Read More »Weekly Unemployment Claims in US Rise Again, Totaling 1,434 Million
The number of Americans filing new claims for unemployment benefits last week totaled 1,434 million, the Labor Department reported Thursday, roughly in line with expectations, as the coronavirus pandemic continues to devastate the U.S. economy. It was the nineteenth consecutive week in which initial claims totaled at least 1 million …
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