Carl Court | AFP | fake pictures Oil giant Royal Dutch Shell reported a sharp net loss year-on-year on Thursday after an unprecedented period of turmoil in the energy market and significantly weaker oil and gas prices. The Anglo-Dutch company reported that net income attributable to shareholders based on current …
Read More »GE shares sink as CEO Culp can’t hit bottom in aviation business
Shares in General Electric Co. sank into volatile operations on Wednesday after the diversified industrial conglomerate said it suffered “general” weakness in the second quarter and indicated that its aviation business could take years to recover from the effects of the pandemic. COVID-19. The GE stock, -4.35% It took a …
Read More »PayPal CEO: “I don’t think there will be a reversal” of e-commerce after COVID-19
Shares of PayPal Holdings Inc rose 1.5% in out-of-hours trading on Wednesday after the digital payments company showed strong growth in its business stemming from increased use of digital payments during the COVID-19 crisis. Read: PayPal Exceeds Earnings Expectations as COVID-19 Drives Ecommerce Growth Strong “The world has moved into …
Read More »Apple reports earnings tomorrow. This is what to expect.
Text size Street’s consensus is $ 52.1 billion in revenue and profit of $ 2.09 per share. Justin Sullivan / Getty Images This could be the quarter that Apple‘s earnings don’t really matter. Well, okay, they matter. But the truth is that Apple investors (ticker: AAPL) are uniquely focused on …
Read More »AMD Shares Rise to Record Level After Prospects Contrast with Intel’s ‘Faceplant’
Shares of Advanced Micro Devices Inc. rose to new records on Wednesday after the chip company’s strong position and second-quarter forecast signaled a radical change in the semiconductor market following delays announced by Intel Corp. of Next generation chips last week. AMD AMD, + 12.55% The shares rose to a …
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