When is bad good? When bad is better than expected. Is when. Verizon Communications (VZ) reported the company’s fiscal performance in the second quarter on Friday morning. Verizon puts a adjusted EPS of $ 1.18 on the ribbon, which exceeded the consensus view. The firm also produced revenue of $ …
Read More »Walmart partners with Yahoo Mail for online grocery program
Walmart Inc. WMT, -0.20% and Yahoo Mail have partnered for an online grocery program that will allow customers to fill their Walmart shopping cart directly from their email. “Groceries from Walmart” is out now on the Yahoo Mail iOS app and website, and will be available on Android later this …
Read More »Ericsson’s shares soar as Swedish telecoms are winning in 5G
Text size CEO of Ericsson Börje Ekholm (Per Myrehed). Shares in Ericsson soared more than 10% on Friday, after the Swedish telecoms company reported higher-than-expected second-quarter earnings, fueled by an increase in 5G network sales and software revenue. The back story. Ericsson has made a recovery under Börje Ekholm, who …
Read More »The Dow is falling as consumer spending disappoints
Text size People wait in line in front of a New York City bank in late May. fake pictures Weaker-than-expected economic data, record coronavirus cases and an unfavorable result for banks in Thursday’s Federal Reserve stress tests left the market lower on Friday. The Dow Jones Industrial Average fell 534 …
Read More »Apple Stock Extends Rally As Analysts Talk About WWDC Speech
Text size Cindy Ord / Getty Images There weren’t many big surprises at Apple CEO Tim Cook’s keynote on Monday at the company’s World Developers Conference, but there was enough news to keep the bulls in stocks happy. Shares of Apple (ticker: AAPL) on Tuesday continued their march into the …
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