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 …
Read More »Honeywell Beat Earnings. What their numbers mean for the industrial economy.
Text size Brendan Smialowski / AFP via Getty Images Honeywell’s earnings, reported Friday morning, beat Wall Street estimates for the pandemic-hit second quarter. That’s good news for Honeywell, but the company is a huge and distant industrial conglomerate. Your earnings are a useful read for many companies in many industries. …
Read More »Boeing delivered 20 aircraft in the second quarter. Here’s how bad it is.
Text size A Boeing 737 MAX airplane. Jason Redmond / AFP via Getty Images Boeing delivered 20 aircraft in the second quarter. While it is not unexpected, it is not good. The 737 MAX saga and the global coronavirus pandemic continue to plague the commercial aerospace giant. Boeing (ticker: BA) …
Read More »Boeing killed its 747 Jumbo Jet. This is why.
Text size Photograph by KAMIL KRZACZYNSKI / AFP via Getty Images Bloomberg reported Thursday that defense and aerospace business giant Boeing is unplugging its iconic double-decker 747 jumbo jet. It is a decision that has taken a long time to arrive. But it is not a surprise. The move was …
Read More »The Dow Jones Industrial Average gains 580 points because no one knows if the stock market is going up or down
Text size Raise your hand if you saw it coming? That’s the massive gain from the Dow Jones Industrial Average, of course. The Dow was up 580.25 points, or 2.3%, while the S&P 500 was up 1.5%, and the Nasdaq Composite finished 1.2%. The first gains were boosted by Boeing …
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