“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."
The insurer's profit drop reflected a 13% decline in net investment income and $710 million in net derivative losses.
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.
“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.
"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.
AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."
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."
The initial lift in users that Snap saw from coronavirus lockdowns "dissipated faster than we anticipated as shelter in place conditions persisted."
