United Airlines Holdings Inc. late Tuesday reported a billion-dollar quarterly loss, giving investors a look into financials thoroughly wrecked by the pandemic and the near standstill on air travel. United UAL, +2.28% said it lost $1.6 billion, or $5.79 a share, in the second quarter, contrasting with a profitRead More →
© Reuters. Wells Fargo Bank branch is seen in New York (Reuters) – Wells Fargo (NYSE:) & Co swung to a second-quarter loss as the coronavirus set back the bank’s progress in recovering after a series of misselling scandals, forcing it to set aside billions of dollars to coverRead More →
In a quarter that began with Bitcoin’s recovery from its largest one-day decline in seven years, punctuated by the halving of its share price, and ended with a two-month period of stability, one would think that Altcoin would get a boost. Well, they did not. At least not forRead More →
© Reuters. Tokyo Motor Show 2019 By Naomi Tajitsu TOKYO (Reuters) – Nissan (OTC:) Motor Co (T:) will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annualRead More →
Renault SA swung to a 2019 net loss and slashed its dividend as its earnings were hit by several headwinds amid weak global demand for cars. The French auto maker RNO, -2.34% on Friday posted a net loss of 141 million euros ($153.1 million) for the year, a significant dropRead More →
When Aurora Cannabis Inc. announced last week that co-founder and Chief Executive Terry Booth would retire, it also revealed another loss to come: A quarterly deficit of roughly a billion dollars. Aurora ACB, -1.28% ACB, -1.44% is scheduled to report fiscal second-quarter results Thursday morning, and it is expected toRead More →
Daimler AG said Tuesday that it swung to a fourth-quarter loss and slashed its dividend as the diesel-emissions issue weighed on its balance sheet. The German car maker DAI, +2.43% posted a net loss of 11.0 million euros ($12.0 million) for the period compared with net profit of EUR1.64 billionRead More →
© Reuters. FILE PHOTO: Uber CEO Dara Khosrowshahi speaks to the media at an event in New Delhi By Tina Bellon and Munsif Vengattil (Reuters) – Uber Technologies Inc (N:) on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter ofRead More →
© Reuters. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha By Jonathan Stempel (Reuters) – The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s BerkshireRead More →
Ryanair Holdings PLC said Friday that it was raising its full-year guidance for fiscal 2020 on the back of stronger trading over the Christmas period, but that Austrian subsidiary Laudamotion has continued to underperform and that its loss for the year is expected to widen. The low-cost carrier RYA, +7.06%Read More →
(Reuters) – U.S. automaker Ford Motor Co . (N:) said on Monday it expects its full year 2019 loss, before interest and taxes, from China to be nearly halved from the year ago. For 2020, the company expects to further cut down its China losses, before interest and taxes, byRead More →
© Reuters. Investing.com – Softbank Group Corp. (T:) reported a whopping 704.4 billion yen ($6.5 billion) operating loss in the three months ended September 30, its first quarterly loss in 14 years. SoftBank’s signature Vision Fund, the world’s single largest pool of startup investments, reported a 970.3 billion yen lossRead More →
Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →
© Reuters. FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the NYSE in New York By Tina Bellon and Akanksha Rana (Reuters) – Uber Technologies Inc (N:) on Monday posted a wider third-quarter loss as costs soared at theRead More →
BP PLC said Tuesday that it swung to a loss in third-quarter earnings as it reported a divestment-related charge as well as lower upstream earnings. The London-based energy giant BP, -0.28% BP, +0.00% posted a replacement-cost loss–a metric similar to the net income figure that U.S. oil companies report–of $351Read More →
Oil futures traded higher Friday, looking to score a third gain in row, with support tied to progress toward deals on U.S.-China trade and Brexit, as well as a weekly fall in U.S. inventories. Prices, however, held on to a loss for the week on the back of downbeat economicRead More →
Oil futures headed lower for a second day in a row on Wednesday as crude-oil markets reacted to Saudi Arabia’s report that it would fully restore some 5.7 million-barrels-a-day of crude output by month ended after last weekends attacks. Saudi Arabia’s energy minister Prince Abdulaziz bin Salman on Tuesday saidRead More →
© Reuters. The Slack Technologies Inc. logo is seen on a banner outside the New York Stock Exchange (NYSE) during thew company’s IPO in New York By Arjun Panchadar (Reuters) – Slack Technologies Inc (N:) forecast slowing revenue growth in the second half and a bigger-than-expected third-quarter loss in itsRead More →
© Reuters. Investing.com – Engineering and construction company McDermott International slumped to a 15-year low on Tuesday after warning it would swing to an annual loss amid a lack of new business and customer wins. The company cut its guidance, forecasting a $310 million net loss for the full year,Read More →
© Reuters. Exxon’s Loss In a Court Case in Europe May Be a Gain for Carbon Market (Bloomberg) — Exxon Mobil Corp (NYSE:).’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system. The European Union’s Court of JusticeRead More →
Lyft Inc. reported better sales than expected in its first quarterly earnings report as a public company Tuesday, but also disclosed massive losses that weighed on the stock until executives said on a conference call that they do see a path to profitability. Lyft LYFT, -2.03% went public in MarchRead More →
Gold futures climbed Friday, looking to recoup some of their sharp loss from a day earlier that sent prices to their lowest level of the year, but prices remain on track to register a loss for the week—their fifth in six weeks. Data Friday revealed that the U.S. created aRead More →
Tesla Inc. is expected to report first-quarter results on Wednesday, with Wall Street bracing for a loss following two quarters of profits and hoping for better news on production and demand. Tesla TSLA, +0.75% reports after the bell and has scheduled a conference call with analysts for 5:30 p.m. Eastern.Read More →
© Reuters. Investing.com – The Dow closed lower Thursday, as sentiment on stocks was soured by slowing global growth concerns after the European Central Bank slashed its growth forecasts and launched fresh stimulus. The fell 0.78% or 200 points, after falling as many as 321 points. The lost 0.82%, whileRead More →
Mattel Inc. may need to get a license to the “Freaky Friday” franchise. The toy maker’s stock suffered its worst loss of the millennium on Friday, exactly a week after its best trading session of the 2000s the previous Friday. The boomerang trade was the result of splitting holiday-season earningsRead More →
