DraftKings Beats Estimates as Pro Sports Return
The resumption of several major sports in the third quarter, as well as the start of the NFL season, "generated tremendous customer engagement."
Disney Loses $710M, Gets Boost From Streaming
“The real bright spot has been our direct-to-consumer business, which is key to the future of our company."
Inflation Flat in October as Coronavirus Surges
“With the explosion in virus numbers putting downward pressure on demand in the short-term, we expect inflation to remain subdued for a while yet."
Main Street Program Gets First Nonprofit Borrower
The Sun Belt Conference's commissioner believes its $4.4 million loan from the Fed program is "really going to help us do what we need to do."
OPEC Lowers Demand Forecast on COVID Concerns
Amid the surge in infections, “previous expectations for the demand recovery [have] diminished and a further deterioration in demand is now anticipated.”
Court Orders Release of PPP Borrower Details
The decision was a victory for media organizations that sued the SBA for access to data about roughly $600 billion in COVID-19 loans to small businesses.
Fed Chair Jerome Powell Calls for More Stimulus
The central bank chair said fiscal stimulus is needed to help the economy recover from the effects of the coronavirus.
SEC Fines From Enforcement Hit Record $4.68B
The number of new enforcement actions fell 17% this year but the SEC opened more than 150 COVID-related inquiries and investigations.
U.S. GDP Surges by Record 33.1% in Q3
Economists are sticking to estimates of only 4% growth in the fourth quarter and a prolonged recovery from the coronavirus recession.
Moderna Q3 Revenues Beat Estimates
The biotech is preparing for the global launch of its potential COVID-19 vaccine.
Boeing Posts $466M Loss, Announces Job Cuts
The company is battling reduced demand amid the COVID-19 pandemic, with commercial aircraft sales down 56% in Q3.