Take a look at some of the biggest movers in the premarket: Exxon Mobil (XOM) – Exxon posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a breakeven quarter. The company announced a 30% cut in capital spending and will also
Month: May 2020
Even under normal circumstances, keeping a roof over your head is a top financial priority. But the coronavirus has complicated the situation for both homeowners and renters. Millions of Americans are worried about whether or not they’ll be able to make their rent or mortgage payments, and they also have logistical questions around whether state stay-at-home orders and social
NASA Administrator Jim Bridenstine, left, and SpaceX Chief Engineer Elon Musk, right, speak to press in front of the Crew Dragon that is being prepared for the Demo-2 mission. NASA/Aubrey Gemignani NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk’s SpaceX have been well worth it as the company prepares
Helen H. Richardson | Denver Post | Getty Images If you own a home and you’re looking for some emergency funding, you may be running out of opportunities. Home equity lines of credit allow you to borrow against the equity you’ve accumulated in your home, be it for a surprise cash need or a home
Mark Cuban told CNBC on Friday he believes small businesses in Texas face numerous challenges in trying to reopen safely and effectively during the coronavirus pandemic. “There’s all these downstream issues that really haven’t been addressed yet, and small businesses haven’t been provided the support they need to actually get open,” said the Dallas Mavericks owner and
A woman wearing a face mask as a preventive measure against the spread of the COVID-19 Coronavirus, runs with Cruise Ships docked in the background at the port of Long Beach, California on April 11, 2020. Apu Gomes | AFP | Getty Images The U.S. House Committee on Transportation and Infrastructure on Friday called for Carnival
A Nabors Industries worker uses a power washer to clean the floor of a rig drilling for Chevron in the Permian Basin near Midland, Texas, March 1, 2018. Daniel Acker | Bloomberg | Getty Images Chevron warned Friday in its quarterly earnings report that results will remain depressed as long as oil prices remain low, and
9:04 am: Chevron CEO says oil demand has bottomed Chevron CEO Michael Wirth said that the drop-off in demand wrought by the coronavirus pandemic has likely reached a bottom. “This quarter looks like in our industry we’re seeing a bottom … first quarter we were on a bit of a downward trajectory through the quarter, certainly
Comprehending the enormity of climate change is about as mind-bending as understanding the ultimate effect novel coronavirus SARS-CoV-2 (the virus that causes Covid-19) will have on America and the world. But a free, interactive tool made by artificial intelligence start-up HyperGiant helps put both global crises and their relationship to each other in perspective. The “ACES:
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc The India Today Group | Getty Images This year’s Berkshire Hathaway shareholder meeting will be like no other as investors look for insight on how the conglomerate will move forward from the coronavirus pandemic and what its future holds. The meeting will be held Saturday but,
NoDerog | E+ | Getty Images Millions of families are counting on government stimulus payments to get some financial relief amid the coronavirus pandemic. However, some are opening their bank accounts to find an unwelcome surprise: payments that exclude their qualifying children. Many complaints are coming from one particular group: individuals who are receiving government
Anyone questioning their talents or abilities when embarking on a new career can take solace in this fact: even future Hall-of-Famers have doubts. That includes Terrell Davis, the former Denver Broncos star running back and NFL MVP, who won two Super Bowls in the 1990s. Davis, who was inducted into the NFL Hall of Fame
Tesla vehicles stand outside of a Brooklyn showroom and service center on August 27, 2018 in New York City. Spencer Platt | Getty Images The coronavirus pandemic could help Tesla retain its stranglehold on the U.S. all-electric vehicle market as traditional automakers reassess their spending on the emerging technology. Starting this year, an influx of new EVs
A pigeon flies over a Exxon mobil gas station on October 25, 2018 in Gutenberg New Jersey. Kena Betancur | Corbis News | Getty Images Exxon Mobil reported a loss in the first quarter as oil prices dropped to historic lows. The oil giant lost $610 million in the first quarter due to writedowns tied to
RBS’ standalone digital bank Bo. RBS British state-backed bank RBS has dropped its standalone digital bank Bo following a tumultuous launch and a global pandemic that has forced the lender to refocus its investment strategy. RBS launched Bo, an app-based account accompanied by a yellow payment card, back in November on Google and Apple’s app
Empty streets in downtown Portland, Oregon, on April 22, 2020. Moriah Ratner/Bloomberg via Getty Images This is not going away anytime soon. From grocery shopping to working remotely to homeschooling kids, nearly everything in life is different. Almost all Americans are anxious about money, according to a survey from National Endowment for Financial Education. “We
Moran Forman of Goldman Sachs, 33, in her home office in the Chelsea neighborhood of New York. Source: Goldman Sachs Each weekday morning, Moran Forman wakes up in her Chelsea apartment, takes a few steps to a spare bedroom and powers up the full might of Goldman Sachs on a curved LCD screen. Forman, a
If daydreaming about scoring a windfall would help you escape the coronavirus doldrums, you might want to buy a Mega Millions ticket. The lottery game’s jackpot has reached the $200 million mark for the first time in almost three months amid slowing sales. And if all six numbers are matched in Friday night’s drawing, it
Owner Mark Cuban of the Dallas Mavericks reacts prior to the game against the Philadelphia 76ers at the Wells Fargo Center on December 20, 2019 in Philadelphia, Pennsylvania. Mitchell Leff | Getty Images Small businesses should apply to multiple banks in order to boost their chances of receiving a loan through the Paycheck Protection Program,
An ampule of Ebola drug remdesivir is pictured during a news conference at the University Hospital Eppendorf (UKE) in Hamburg, Germany, April 8, 2020, as the spread of coronavirus disease (COVID-19) continues. Ulrich Perrey | Reuters Gilead Sciences said Thursday that it can produce “several million” rounds of its antiviral drug remdesivir next year to