At the moment, the revenue outlook for Disney (NYSE: DIS) is slim. It's possible that theme parks don't open until June (single day passes can be purchased starting on April 19 as of this writing, but it's worth mentioning Disney is taking no travel reservations until June 1).
Today, Americans are facing an unprecedented economic crisis as the response to a novel coronavirus has left much of the country closed down. Sadly, far too many people are facing this crisis without enough savings.
Millions of Americans have been directly affected by the coronavirus pandemic, from both a health and financial perspective. With thousands of businesses shuttering to slow the spread of the virus, approximately 10 million workers have filed for unemployment benefits in the last
Over the last few quarters, Palo Alto Networks (NYSE: PANW) has been struggling with disappointing results from its legacy hardware-based products. In contrast, the cybersecurity vendor's cloud business is shining. And that trend should continue as the company has plans to inc
The Canadian cannabis industry has been plagued with several issues. Many pot companies have experienced massive declines in their market value over the past year. The slow rollout of retail stores in major Canadian provinces led to lower-than-expected demand, which drove invent
As the coronavirus pandemic drags on and the stock market remains significantly below recent lows, investors will be watching quarterly updates closely this earnings season for several reasons. First of all, many investors will be looking to assess the damage COVID-19 has done t
The first quarter closed on Tuesday, and many investors are glad to see it behind them. The Dow posted its worst first-quarter performance ever, while the S&P 500 and the Nasdaq composite both got close to that mark.
By SA Marketplace:The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensiv
(RTTNews) - Delta Air Lines Inc. (DAL) expects its revenue for the second quarter to be down 90 percent. The second quarter will be even more difficult than the first as the Covid-19 pandemic continues to evolve.
PNM Resource PNM announced that its unit, PNM, received approval for the abandonment and securitization of the San Juan Generating Station from New Mexico Public Regulation Commission (NMPRC).Under the Energy Transition Act (ETA), the company filed the application on Jul 1, 2019
One sector of the American economy that has been particularly affected by the SARS-CoV-2 coronavirus outbreak is the auto industry. Hammering home that reality, AutoNation (NYSE: AN) admitted in a regulatory document filed on Thursday that its sales in the final two weeks of Mar
As Dunkin' Brands (NASDAQ: DNKN) continues to struggle with the effects of the coronavirus outbreak, like most of the restaurant industry, it has decided to extend its Free Donut Friday promotion for another month. Originally slated to last through March only, the special deal w
One of the most high-profile CEOs in the banking industry is back at his desk, at least in the virtual sense. JPMorgan Chase's (NYSE: JPM) longtime leader Jamie Dimon has returned to work, according to a memo obtained by various media.
The stock market suffered significant losses on Friday, as coronavirus concerns continued to hurt investor confidence. The Dow Jones Industrial Average (DJINDICES: ^DJI) didn't quite give back all of its gains from Thursday, but market participants seemed reluctant to show much
Walmart Inc. WMT shelves plans to sell off a major stake in its U.K. grocery unit, Asda, on hold to better manage its business during coronavirus-induced stockpiling, per sources. Well, fast-spreading coronavirus spiked up the demand for essentials like groceries and related sta
The coronavirus pandemic is going from bad to worse, with more than 1,026,000 confirmed cases and above 53,000 casualties globally, per a Johns Hopkins University data.
Yes, the coronavirus has dealt a heavy blow to sentiments and it will be fair to say, also to investor confidence. We’ve perhaps even forgotten just how strong the economy was just a few short months ago, how employment was at record levels, how consumer confidence was also st
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