Investors had braced themselves for the bad news for Exxon Mobil Corp. and Chevron Corp., and their fears were confirmed on Friday when both power companies reported second-quarter results that showed sharp declining sales and losses amid economic destruction caused by the coronavirus. Exxon XOM, -0.58% reported an adjusted loss …
Read More »RIP Buddy: the first dog to test positive for the coronavirus in the US died
If we’re still learning how the coronavirus spreads among humans and why some people get much sicker than others, then we’ve barely scratched the surface with what it does to pets. While the number of infected animals worldwide remains relatively low, the first dog in the US to test positive …
Read More »Facebook stock spikes will be recorded as boycott of featured advertisers scares no one
Amid a global pandemic, some of the world’s largest advertisers said they would boycott Facebook Inc., which gets almost all of its money from online ads. It would be reasonable to think that this would lead to difficult times for Facebook’s business and actions. But that was not what happened …
Read More »Facebook shares jump 9% to record levels after earnings exceed $ 5 billion
Facebook Inc. FB, + 7.49% Shares soared more than 7% to new highs on Friday morning after a earnings report that showed the social media company raised more than $ 5 billion in earnings despite a global pandemic and a selective advertising boycott. . Facebook shares opened at $ 255.82, …
Read More »AbbVie Shares Rise Strong in Second Quarter, Although Cosmetic Botox Sales Dropped 43%
Shares of AbbVie Inc. ABBV, -1.98% They rose 1.9% in premarket trading on Thursday after the drug maker beat expectations for the quarter. The company had a loss of $ 739 million, or 46 cents a share, in the second quarter of 2020. It reported a profit of $ 807 …
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