A bird flies in the foreground when a Southwest Airlines plane lands at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | fake pictures American Airlines and Southwest Airlines posted quarterly losses Thursday and their CEOs warned of falling demand as coronavirus cases rise in …
Read More »Tesla shares skyrocket after making fourth consecutive quarterly profit, paving the way to the S&P 500
Tesla shares rose as much as 5.8% in pre-market trading on Wednesday after the company posted fourth consecutive quarter earnings. Elon Musk’s electric car company reported $ 104 million in net revenue, a big improvement from its $ 408 million loss in the second quarter of 2019. Tesla is now …
Read More »American Airlines (AAL) Records $ 2.1 Billion Loss in Second Quarter, Warns of Coronavirus
The planes are parked on runway 28 of the Pittsburgh International Airport on March 27, 2020 in Pittsburgh, Pennsylvania. Jeff Swensen | Getty Imageas American Airlines on Thursday posted a net loss of $ 2.1 billion in the second quarter, the latest airline to describe financial damage to demand for …
Read More »Southwest Airlines (LUV) Reports Second Quarter Loss, Warns of Weak Demand Due to Coronavirus
Southwest planes sit on the runway at Fort Lauderdale-Hollywood International Airport on February 20, 2019 in Fort Lauderdale, Florida. Joe Raedle | fake pictures Southwest Airlines said Thursday it lost $ 915 million in the second quarter compared to $ 741 million in net income the previous year, and warned …
Read More »Bill Ackman’s blank check company has just started operating. What you need to know.
Text size William Ackman Bryan Bedder / Getty Images for The New York Times A special-purpose acquisition company, or SPAC, sponsored by Bill Ackman’s Pershing Square Capital Management, made its debut on the New York Stock Exchange on Wednesday in the largest initial public offering of blank checks. The offering …
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