Apr 29, 2020 | Finance
Stocks around the world whipped higher Wednesday, riding a wave of optimism on encouraging data about a possible treatment for COVID-19. The upswell of hope was so strong that investors completely sidestepped a report showing the outbreak drove the U.S. economy to its...
Apr 28, 2020 | Finance
SEOUL, South Korea (AP) — Samsung Electronics Co. said Wednesday its operating profit for the first three months of 2020 rose 3.4% from a year earlier driven by increasing demands for computer chips. However, the company predicted its profit would decline in the...
Apr 28, 2020 | Finance
DETROIT (AP) — Ford Motor Co. posted a $2 billion first-quarter net loss, blaming nearly all of it on the impact of the coronavirus outbreak.The automaker said Tuesday that its revenue from January through March fell nearly 15% to $34.3 billion as most of its...
Apr 28, 2020 | Finance
Starbucks said Tuesday that its global sales tumbled in the first three months of the year as coronavirus-related shutdowns gripped its operations.The Seattle-based coffee giant said conditions will likely worsen in the current quarter before moderating later this...
Apr 28, 2020 | Finance
FLAGSTAFF, Ariz. (AP) — Tribes urged the federal government to quickly disburse coronavirus relief funding after a judge handed them an early victory in a case centered on who is eligible for a share of the $8 billion allocated to tribes.U.S. District Judge Amit Mehta...
Apr 28, 2020 | Finance
ATLANTA (AP) — United Parcel Service Inc. reported a 13% drop in first-quarter profit, to $965 million, as stay-at-home orders generated deliveries to people’s homes but not enough to offset the higher costs and a drop in business deliveries.UPS said Tuesday that it...
