Fox Business Briefs: United Airlines makes several moves to ensure the safety of passengers and crew; Italian island of Sicily is reportedly offering a deal for tourists saying it will cover half of the flight costs and a third of hotel expenses for travelers. Get all the latest news on […]
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Hedge funds make money in April, Ackman gains 13.6%
FOX Business’ Lauren Simonetti says big tech giant shares, including Amazon’s and Apple’s, ended in the red on Friday. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below BOSTON (Reuters) – Hedge funds recorded gains in April when stocks posted […]
Honeywell becomes latest aero supplier to pull 2020 outlook on weak demand
FOX Business’ Lauren Simonetti says health care and big tech, including Facebook and Amazon, ended in the green on Thursday. Honeywell International Inc on Friday became the latest aerospace supplier to withdraw its full-year outlook on weak demand as the aviation industry struggles with COVID-19 led lockdowns. Continue Reading Below […]
Restaurant Brands’ Popeyes sales surge; Tim Hortons misses estimates
Restaurant Brands International CEO Jose Cil discusses how some of its franchises like Burger King is giving back to the public during the coronavirus and how they plan to brave the storm. Restaurant Brands International (QSR) said on Friday comparable sales at its Popeyes fast-food chain surged 26.2%, surpassing Wall […]
Biggest US banks says they submitted $45.8B in loans for emergency aid program
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below The two largest U.S. banks, JPMorgan Chase & Co and Bank of America, said on Thursday that they […]
ConocoPhillips to sharply cut oil production as low prices hit earnings
The Schork Group Principal Stephen Schork discusses his outlook for oil. U.S. oil and gas company ConocoPhillips said on Thursday it would sharply reduce oil production in coming weeks, aiming to shut in 35% of its total output by June amid weak energy prices that led to a loss of […]
Coronavirus-related food stockpiling boosts Kraft Heinz
Costco is requiring all customers to wear face masks to prevent the spread of coronavirus. FOX Business’ Maria Bartiromo with more. LONDON (Reuters) – U.S. food producer Kraft Heinz Co reported higher-than-expected quarterly sales and profit on Thursday, helped by coronavirus-related stockpiling. Continue Reading Below The maker of Heinz ketchup, Kraft […]
Marlboro cigarattes-maker abandons buybacks amid coronavirus
Former Hewlett Packard CEO Carly Fiorina discusses prioritizing small businesses before big companies amid coronavirus. Marlboro cigarettes maker Altria Group Inc. abandoned its earnings forecast for 2020 and beyond, citing “uncertainty” related to the coronavirus pandemic. Continue Reading Below Shares of the company, however, rose about 3% in early trading after […]
Comcast first-quarter broadband growth tops views, coronavirus hurts advertising
Gibbs Wealth Management CIO Erin Gibbs and Capital Wave strategist Shah Gilani discuss large-cap stocks, the tech industry and how the market could recover once coronavirus ends. Comcast Corp on Thursday reported its best quarter of broadband net additions in 12 years, but revenue fell shy of Wall Street’s estimate […]
Twitter tops sales estimates, sees rebound from Asia’s eased coronavirus rules
Former Twitter VP Bruce Daisley provides insight into the coronavirus and working from home. OAKLAND, Calif. — Twitter Inc on Thursday said that its ads sales had slightly rebounded in Asia after a plunge due to the coronavirus outbreak and that it had accelerated work on tools to attract key […]