Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were “headed in the right direction” as that country reopens from the novel coronavirus.
Click here to read the full article. Apple turned in better results for the first three months of 2020 than some analysts expected amid the COVID-19 crisis — including posting a record $13.3 billion in services revenue, up 17% year over year.In February, Apple warned that it expected to miss previous targets for the March quarter, citing the COVID-19 outbreak in China as disrupting iPhone manufacturing and hurting sales in the country. Then in mid-March, the tech giant said it was shuttering all its retail stores worldwide with the exception of Greater China; they remain closed.For the quarter ended March …read more […]
Last week, my husband and I became homeowners… again.
Well, technically we refinanced.
About six weeks ago, we started watching interest rates fluctuate. We thought, “Hey, it’s now or never. Let’s see how low we can go.”
And plenty of Americans were thinking the exact same thing.
In light of the COVID-19 pandemic, what does this refinancing wave mean for the U.S. housing market? Are we about to witness a 2008 repeat?
Renewed Interest in Interest Rates
Let’s get one thing straight…
The U.S. economy isn’t exactly thriving right now. And the housing market isn’t either.
Many sellers have taken their homes off the market. Buyers are waiting …read more […]
Amazon reported Q1 results after market close Thursday. …read more […]
U.S. stocks lost ground on Thursday as grim economic data and mixed earnings prompted investors to take profits at the close of the S&P 500’s best month in 33 years, a remarkable run driven by expectations the economy will soon start recovering from crushing restrictions enacted to curb the coronavirus pandemic.
Amazon.com Inc on Thursday forecast second-quarter profit below estimates, as the e-commerce company spent more on hiring workers and their pay due to a surge in online shopping during the COVID-19 pandemic.
World equity benchmarks dipped on Thursday to close their best month in 11 years as a rebound in oil prices, encouraging early results from a COVID-19 treatment trial and expectations of more government stimulus helped ease the pain of February and March.
Amgen Inc on Thursday reported better-than-expected first-quarter results on Thursday and said it plans to study psoriasis drug Otezla as a potential treatment for COVID-19, the respiratory disease caused by the new coronavirus.
BlackRock Inc on Thursday said it named London-based financial executive Sandy Boss as its new head of investment stewardship, bringing a more international structure to the top asset manager’s voting on topics like climate change and social issues.
It’s no longer about the economy, or immigration, or any of Trump’s favorite go-to issues. …read more […]
The Fed is going to have a tough time unwinding the credit risk that it is absorbing amid the coronavirus, says Allianz Chief Economic Adviser Mohamed El-Erian. …read more […]
Gilead Sciences’ antiviral drug remdesivir showed “quite good news”, according to White House health advisor Dr. Anthony Fauci. Assistant Professor in Department of Health Policy and Management at the Harvard Global Health Institute Dr. Tom Tsai joins Yahoo Finance’s Seana Smith to discuss the latest. …read more […]
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