coronarivus

Deere Shares Drop Despite Q2 Earnings Beat
Financial Performance

Deere Shares Drop Despite Q2 Earnings Beat

The company's farm equipment sales held up better than construction equipment amid the coronavirus pandemic.
By Matthew Heller | May 25, 2020
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HPE Has ‘Tough’ Quarter With 16% Sales Drop
Financial Performance

HPE Has ‘Tough’ Quarter With 16% Sales Drop

CFO Tarek Robbiati attributed the revenue decline primarily to supply chain disruption, which resulted in “significantly higher” levels of backlog.
By Matthew Heller | May 22, 2020
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Another 2.4M Workers File First-Time Jobless Claims
The Economy

Another 2.4M Workers File First-Time Jobless Claims

"The states may be opening back up, but the labor market is still closed for millions across America."
By Matthew Heller | May 21, 2020
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Shopping Shifts Squeeze Target Profit in Q1
Financial Performance

Shopping Shifts Squeeze Target Profit in Q1

The retailer's sales jumped 11.3% but margins were pressured as consumers switched to e-commerce amid the coronavirus crisis.
By Matthew Heller | May 20, 2020
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SmileDirect Sees Telehealth Boost From COVID
Financial Performance

SmileDirect Sees Telehealth Boost From COVID

The company's Q1 results missed estimates but its performance "validates the strength, durability and flexibility of our business model.”
By Matthew Heller | May 14, 2020
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HSBC Sets Aside $3B for Virus Loan Losses
Financial Reporting

HSBC Sets Aside $3B for Virus Loan Losses

“We are anticipating deep, severe recession events in western Europe and the U.S. in the second quarter."
By Matthew Heller | April 28, 2020
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Coke Warns of Q2 Hit From Virus Lockdowns
Financial Performance

Coke Warns of Q2 Hit From Virus Lockdowns

The soda giant has already seen "significant changes in consumer purchase patterns, notably substantial declines in away-from-home channels."
By Matthew Heller | April 21, 2020
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Jobless Claims Hit Record 22M Over Four Weeks
The Economy

Jobless Claims Hit Record 22M Over Four Weeks

Weekly claims since the coronavirus shut down the economy now exceed the number of jobs added since the Great Recession.
By Matthew Heller | April 16, 2020
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Goldman Profit Dives on Big Investment Losses
Financial Performance

Goldman Profit Dives on Big Investment Losses

“We were on a good roll through January and February. Then came March," CFO Stephen Scherr says.
By Matthew Heller | April 16, 2020
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IMF Predicts Worst Slump Since Great Depression
The Economy

IMF Predicts Worst Slump Since Great Depression

The Fund now expects the global economy to contract by 3% this year due to the coronavirus pandemic.
By Matthew Heller | April 14, 2020
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Ford Expects Loss But Says Cash Position Strong
Financial Performance

Ford Expects Loss But Says Cash Position Strong

“We believe we have sufficient cash today to get us through at least the end of the third quarter" despite the coronavirus shutdown.
By Matthew Heller | April 13, 2020
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U.S. Consumer Prices Tumble 0.4% in March
The Economy

U.S. Consumer Prices Tumble 0.4% in March

“Deflation is likely to take hold over the next few months as businesses slash prices in response to much lower demand from the coronavirus outbreak."
By Matthew Heller | April 10, 2020
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Xerox Bows to Virus, Drops HP Takeover Fight
Technology

Xerox Bows to Virus, Drops HP Takeover Fight

The market values of both companies have declined since the coronavirus pandemic intensified.
By Matthew Heller | April 1, 2020
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Avoiding the Floor on Negative Rates
Risk

Avoiding the Floor on Negative Rates

The impact of the inability of a borrower to take advantage of negative base rates is significant.
By Vincent Ryan | March 25, 2020
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Emergency Coronavirus Bill Passes Final Hurdle
Budgeting & Planning

Emergency Coronavirus Bill Passes Final Hurdle

The $8.3 billion package approved by Congress far surpasses the $1.25 billion President Trump requested.
By Matthew Heller | March 6, 2020
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