As of April 24, nine S&P 500 companies had suspended their dividends this month and about half a dozen others announced decreases because of the fallout from the coronavirus pandemic.
Check Point Software (CHKP) came out with quarterly earnings of $1.42 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.
Armstrong World Industries (AWI) came out with quarterly earnings of $1.10 per share, missing the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.
As Americans delay elective surgeries and avoid doctors and hospitals during the coronavirus pandemic, healthcare spending declines have more than offset the added costs of COVID-19 care, insurance executives and experts say, boosting U.S. health insurer profits.
The Federal Reserve's gradual withdrawal from the U.S. Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite for longer-dated government debt and push up long-term interest rates months from now.
Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co is counting on to help lift profits.
Investors are pinning their hopes for the reopening of the U.S. economy on the potential for wider availability of testing for COVID-19 cases and on drug trials for treatments of the deadly disease
Six weeks after U.S. President Donald Trump declared a national emergency over the spreading new coronavirus, the United States is deeply divided over the correct economic and health response.
Global stocks rallied on Monday as the Bank of Japan kicked off a week of central bank action by announcing new measures, as investors positioned themselves ahead of economies reopening.
Taiwan's economic growth in the first quarter is expected to have slowed to its weakest in nearly four years, a Reuters poll showed, as the impact of the coronavirus health crisis hits its key electronics exports, a Reuters poll showed.
European markets are hoping the ECB, again facing the task of rescuing the euro zone, will soon add junk-rated company debt to its stimulus programmes, but some investors say such a bold move might prove counterproductive.
The Federal Reserve's gradual withdrawal from the U.S. Treasury market as the coronavirus pandemic eases and liquidity improves could dry up appetite for longer-dated government debt and push up long-term interest rates months from now.
Investors are pinning their hopes for the reopening of the U.S. economy on the potential for wider availability of testing for COVID-19 cases and on drug trials for treatments of the deadly disease but said, until there is concrete progress in these areas, further stock market gains may be limited.