"The downturn was so big — the hole that was dug was so deep — that it will still take probably at least a couple of years to dig ourselves out."
“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."
The $18.5 billion merger underscores the growth potential of telemedicine as the coronavirus pandemic accelerates the use of virtual health platforms.
The energy giant was forced to write down the value of exploration assets by $6.5 billion due in part to the decline in oil and gas prices.
The company reported increased third-quarter sales across all its products, with even the iPhone up more than 1% from a year ago.
“It’s a very deep and dark hole and we’re coming out of it, but it’ going to take a long time to get out.”
“Our record performance in the second quarter — our strongest quarter ever — reaffirms the relevance of PayPal in the unfolding digital future."
The automaker sees stronger sales ahead with its plants now back in production after coronavirus-related shutdowns.
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
“The sugar rush from re-openings has now faded and a resurgence of domestic coronavirus cases ... will weigh heavily on business investment."
The toymaker's “sluggish sales are in stark contrast to the overall success the toy industry has seen in the wake of the coronavirus pandemic."
“Tesla’s business model is currently 100% predicated on selling one-time temporary credits to guys who increasingly don’t need them."
