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 »Nikola vs. Tesla Stock: Comparison of the two manufacturers of electric vehicles
Text size Courtesy of Nikola. Batman versus Superman. Yankees vs. Red Sox. Nikola Tesla against Thomas Edison. These are some of the greatest rivalries of all time. There’s another rivalry in the burgeoning electric truck sector: Nikola versus Tesla. Tesla (ticker: TSLA) is now the most valuable automotive company in …
Read More »Global stocks sink as China retaliates to close consulate
Text size Chinese Foreign Ministry spokesman Wang Wenbin talks about the order to close the United States consulate in Chengdu. fake pictures Global stocks fell on Friday as political events swept away a wave of negativity in the markets. The Dow Jones Industrial Average fell 126 points, or 0.5%. The …
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 »UPDATE: Schlumberger’s revenue falls 35% to fall short of estimates, to cut 21,000 jobs
Schlumberger Ltd. SLB, + 0.67% He said Friday that he had a net loss of $ 3,434 billion, or $ 2.47 a share, in the second quarter, after revenue of $ 492 million, or 35 cents a share, in the same period last year. Excluding charges and credits, the oil …
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