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Truist Sees Solid Earnings in First Quarter
In its first full quarter since it was formed in the merger of SunTrust and BB&T, Truist Financial (NYSE: TFC) reported $986 million of net income, a 31% increase compared to what the two banks
Sir Richard Branson Seeks $620 Million Bailout, Offers Island as Collateral
Sir Richard Branson is widely believed to be the seventh richest person in Britain, richer than the Queen of England, and the 286th richest person in the world, according to Bloomberg. His personal
Dow Jones News: 2 Downgrades for Disney; IBM Reports Earnings Today
The Dow Jones Industrial Average (DJINDICES: ^DJI) opened lower on Monday as a busy week of earnings reports began. Contributing to the decline was a precipitous drop in crude oil prices, driven by
3 Things You Should Not Do With Your Stimulus Check
Stimulus checks are currently on their way to Americans' bank accounts, and millions of people are expected to receive one.
Roughly half of Americans say they plan to spend the money on bills and
Restaurant Stocks Still Have a Long Road Ahead
Few business sectors in the U.S. have been rattled by the coronavirus pandemic as much as restaurants.
Across the country, fast-food chains and casual-dining locales have been ordered to shut their
Procter & Gamble Talks About a "Forever Altered" Consumer Landscape
Procter & Gamble's (NYSE: PG) latest earnings report was a hit with investors. It showed robust sales and profit growth as the COVID-19 pandemic scrambled consumers' shopping priorities. Through
Threat of AMC Bankruptcy Postponed As Theater Operator Raises $500 Million
A week ago it was looking as though AMC Entertainment (NYSE: AMC) was inching closer to filing for bankruptcy protection as the coronavirus pandemic forced all movie theaters closed. Now, the
Brookfield-Backed Group Seeking $8 Billion in Funding for Pipeline Deal
A group of investors -- which includes Brookfield Asset Management (NYSE: BAM) -- are working to line up bank financing to buy a stake in natural gas pipelines owned by the Abu Dhabi National Oil
Oil Prices Plunge Over 40% to Historic Lows
Oil has never been cheaper.
I know you've been hearing a lot about oil being historically cheap lately, but Monday morning's plunge appears different by an order of magnitude. Before the stock
Novartis to Test Hydroxychloroquine as Possible Coronavirus Treatment
Over the weekend, one of the world's largest pharmaceutical companies, Novartis (NYSE: NVS) reached an agreement with U.S. regulators to begin treating hospitalized coronavirus patients with
Why Boeing Stock Dropped 5% This Morning
Shares of Boeing (NYSE: BA) dropped more than 5% in early trading Monday before rebounding to about a 3% loss as of 11:05 a.m. EDT today. This morning, analysts at Citigroup downgraded Boeing stock
It's Too Soon to Buy AMC Stock Again
Shares of AMC (NYSE: AMC) soared 31% on Friday, and the good news didn't end with that one-day rally. B. Riley FBR analyst Eric Wold -- one of the more vocal bears on the country's largest movie
Nordstrom Takes Steps to Improve Liquidity
Many retailers have been hit hard throughout the COVID-19 pandemic as stores remain shuttered and customers stick to their screens. While e-commerce is thriving, it's still a relatively small piece
With Oil Unprofitable, Canadian Producers Are Shutting Down the Pumps
Oil prices in Canada have historically sold at a discount to those in the U.S. because the country doesn't have the pipeline capacity to get all its production to market centers. That pricing
Alibaba Will Allocate $28 Billion In Three Years to Expand Cloud Business
China's technology heavyweight Alibaba (NYSE: BABA) announced that it will invest 200 billion yuan ($28 billion) on cloud infrastructure over the next three years, Bloomberg reports.
Alibaba is a
Disney to Stop Paying 100,000 Employees
Entertainment giant Walt Disney (NYSE: DIS) is now suspending salary payments to over 100,000 employees, mostly cast members in its theme parks. The company employs 70,000 people in its Orlando
Why Shares of Tronox Are Falling Today
Shares of Tronox (NYSE: TROX) soared on Friday after the company released strong preliminary first-quarter results, but the mining company is giving up some of those gains on Monday as investors
Regulators Clear the Way for Pepsi's Rockstar Purchase
PepsiCo (NASDAQ: PEP) is set to add a deep portfolio of energy drinks to its beverage lineup. Regulators have approved its deal to buy Rockstar, according to The New York Post, after concluding that
Why Exelixis Stock Is Skyrocketing Today
Shares of Exelixis (NASDAQ: EXEL) were skyrocketing 25.5% as of 11:12 a.m. EDT on Monday. The big jump came after Exelixis and Bristol Myers Squibb (NYSE: BMY) announced positive top-line results
Trex Taps New CFO as Prior CFO Moves to CEO Role
Composite "wood" manufacturer Trex (NYSE: TREX) put up Q4 2019 financial results that were really fantastic, with sales leaping 18% and profits soaring 41% year over year. Of course, all of Trex
Why General Electric Stock Dropped 5% This Morning
Shares of industrial giant General Electric (NYSE: GE) dropped more than 5% in early trading Monday before rebounding to about a 3.3% loss as of 10:45 a.m. EDT.
The initial drop and continuing laggy
These 3 Chinese Tech Stocks Could Be in Serious Trouble
Luckin Coffee (NASDAQ: LK), which recently surpassed Starbucks as China's top coffee chain (by total number of stores), recently stunned investors after it admitted to fabricating sales figures last
Stock Market News: What Plunging Oil Means for Energy Investors
The stock market lost ground on Monday morning, but the energy market felt the biggest damage. Crude oil prices in the U.S. dropped below $11 per barrel, hitting their lowest level since the 1980s
Is Diamondback Energy Stock a Buy?
This year was supposed to be Diamondback Energy's (NASDAQ: FANG) year to shine. The energy company spent years building out a large-scale operation in the Permian Basin through acquisitions and
GE Wind Turbine Blade Plant Closes Due to COVID-19 Outbreak
A COVID-19 outbreak at a wind turbine blade facility operated by a unit of General Electric (NYSE: GE) is responsible for an additional 110 cases reported in the state of North Dakota, according


