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 »Tropical Storm Hanna threatens flash flooding off the Texas coast hit by COVID
GALVESTON, Texas (Reuters) – Hurricane Hanna winds hit the southern Texas coast early Sunday morning, leaving thousands of people without power before it was downgraded to a tropical storm that was still threatening flash flooding in the area that is already had been severely affected by COVID-19 infections. FILE PHOTO: …
Read More »Schlumberger is cutting staff as virus hits revenue
Text size David McNew / Getty Images Oil services company Schlumberger is cutting 21,000 jobs after a disastrous quarter. Analysts are optimistic. Schlumberger’s (ticker: SLB) second-quarter results, released Friday morning, were grim at first glance: a 35% year-over-year revenue decline and a plan to cut a quarter from staff. But …
Read More »Global stocks fall back on Sino-US tensions
LONDON / SYDNEY (Reuters) – Global stocks slid further from the five-month spikes on Friday, as a pickup in European trading activity did little to ease concerns surrounding Sino-US tensions, while gold it approached a record high. FILE PHOTO: The London Stock Exchange Group offices are seen in the City …
Read More »Global stocks fall back on Sino-US tensions
LONDON / SYDNEY (Reuters) – Global stocks slid further from the five-month spikes on Friday, as a pickup in European trading activity did little to ease concerns surrounding Sino-US tensions, while gold it approached a record high. FILE PHOTO: The London Stock Exchange Group offices are seen in the City …
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