by EFSD | Apr 29, 2020 | Economic News
Alphabet — Google’s parent company saw its stock rise 7% in extended trading after the company reported first-quarter financial results. Alphabet said it had revenue growth of 13% in the first quarter. It reported earnings of $9.87 per share on revenue of $41.16...
by EFSD | Apr 25, 2020 | Economic News
New orders for key U.S.-made capital goods unexpectedly rose in March.The gains are not likely to be sustainable amid the novel coronavirus outbreak, however.U.S. durable goods orders sank 14.4% in the month, compared with expectations for an 11.9% drop. New orders...
by EFSD | Apr 21, 2020 | Economic News
IBM — The technology company’s stock fell 3% in extended trading after IBM reported first-quarter financial results. The company reported revenue of $17.57 billion while analysts polled by Refinitiv expected $17.62 billion. IBM also said it had earnings of $1.84 per...
by EFSD | Apr 20, 2020 | Economic News
“Everybody’s just frozen. And the phone is not ringing off the hook,” Charlie Munger, Berkshire Hathaway’s vice chairman and Warren Buffett’s longtime business partner, told The Wall Street Journal.“Take the airlines. They don’t know what the hell’s doing,” Munger...
by EFSD | Apr 18, 2020 | Economic News
New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region, state government sources told Reuters.The governor seeks a plan that can thwart expected pressure from President Donald...
by EFSD | Apr 15, 2020 | Economic News
The Federal Reserve has taken unprecedented actions to save the economy during the coronavirus crisis.There have been rate cuts and a slew of credit and lending programs that could inject more than $6 trillion into the economy.Congress has passed $2 trillion in rescue...
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