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Target reported the largest quarterly sales growth, including an online sales spike, in its 58-year-history, the latest evidence that Americans are consolidating their trips to big box stores and pivoting their spending to around the home during the pandemic.
Americans turned to Walmart’s online business as well as its stores for supplies and home goods as the virus surged in new regions, resulting in soaring sales for the fiscal second quarter.
Avista Corp. reported a decrease in net earnings in the second quarter compared to the second quarter of 2019.
Stocks are drifting on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high.
Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminished around the world.
Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June.
Boeing lost $2.4 billion in the second quarter and the company will slow production and cut more jobs as demand for commercial aircraft shrinks during the coronavirus pandemic.
In what airlines can only hope is going to prove the worst quarter of the coronavirus pandemic, Alaska Air Group lost $214 million in the past three months, despite the government's infusion of $362 million in a grant through the Payroll Protection Program.
United Airlines said Tuesday that it lost $1.63 billion in the second quarter as revenue plunged 87%, and it will operate at barely over one-third of capacity through September as the coronavirus throttles air travel.
Energy companies and banks are leading stocks broadly higher on Wall Street in morning trading Tuesday, extending the market's recent run of gains.
Wall Street got a painful reminder that the coronavirus pandemic isn’t going away, and a big early gain for stocks suddenly flipped to losses after California showed how it's still scarring the economy.
Starbucks expects to lose more than $3 billion in revenue in its fiscal third quarter due to the new coronavirus, but said the disruption to its business should subside through the rest of the year.
Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic.
American Airlines lost $2.24 billion in the first quarter as the coronavirus pandemic triggered a sharp drop in air travel, and the airline is taking steps to survive but as a smaller carrier.
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 summer, and its recovery will extend into 2021. But executives also said they are seeing encouraging signs.
The most active week of the earnings season is on and the rush of quarterly reports Tuesday, 39 in all, captured the maneuvering of companies from almost every sector as they feel their way through an unprecedented economic shockwave.
The major banks in the U.S. are anticipating a flood of loan defaults as households and business customers take a big financial hit from the coronavirus pandemic.
Key Tronic Corp. this week reported a dip in net income for the company’s second fiscal quarter. The Spokane Valley-based company reported net income of $824,000 – or 8 cents a share – in the second quarter, compared with net income of $1.6 million – or 15 cents a share – in the same quarter of 2019, according to a company release.
PotlatchDeltic Corp. this week reported an increase in earnings during the fourth quarter 2019.
Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.