Corporate profits have so far surpassed low expectations so far this winning season, but there are still a lot of wild cards left in the deck. Consensus S&P 500 SPX, + 0.06% income taxes rose only 3% for the third quarter and are not budgeted at all in the fourth …
Read More »Analyzes of Uber’s ride healing are ‘a mess’, and the front is sputtering
Uber shares fell Friday after the company’s second-quarter results released Thursday. INDRANIL MUKHERJEE / AFP via Getty Images The shares of Uber Technologies Inc. resigned Friday because concerns about the negative effects of the COVID-19 pandemic on the company’s business seem to be pending in hopes of its booming food …
Read More »Warren Buffett’s Berkshire Hathaway grew earnings by 86% last quarter as its equity portfolio increased in value
Mario Anzuoni / Reuters Berkshire Hathaway’s Warren Buffett saw an 11% drop in revenue in the second quarter, but nearly $ 30 billion in year-on-year investment gains meant its net income grew 86% to $ 26.3 billion. The investor’s famous conglomerate reported $ 13 billion in net sales last year, …
Read More »Trader Extra: Walt Disney and the End of Moviegoing; Is it time to sell Apple stock?
Text size Drew Angerer / Getty Images Mulan comes to Disney +, and how we can see movies change forever. That Walt Disney (ticker: DIS) made the decision to bring the much-delayed live-action remake of its 1998 animated feature to its Disney + subscription service should come as no surprise. …
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