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Business

“Samsung says profit jumped 23%, likely thanks to strong chip demand”

“The South Korean conglomerate said on Tuesday that it expects to make an operating profit of roughly 8.1 trillion won ($6.8 billion) for the three months that ended in June. That’s up nearly 23% from the same period a year… Continue Reading…

Banking, Real Estate

“How Mortgage Consumers Can Profit From Slow Economy”

“Rates Are Low Mortgage rates are at their lowest level in nearly 50 years. According to lender Freddie Mac, which began tracking the data in the early 1970s, the average rate on a 30-year mortgage is down to 3.24%, well… Continue Reading…

Business

“Disney’s profit plunged 91% last quarter as its parks closed their doors”

“Disney’s profit dropped a whopping 91% during the first three months of 2020, revealing the widespread damage that the coronavirus pandemic has brought on its media empire. Although sales for its second quarter were up 21% to $18 billion, Disney’s profit… Continue Reading…

Banking

“JPMorgan Profit Sinks Nearly 70% As It Braces For Loan Defaults”

“JPMorgan Chase & Co.’s first-quarter profit tumbled 69% and the bank set aside an additional $6.8 billion to cover potential losses on loans to consumers and businesses struggling to stay afloat during the coronavirus shutdown…” https://www.wsj.com/articles/jpmorgan-chase-reports-profit-falls-69-amid-u-s-coronavirus-outbreak-11586862723

Stocks

“Amazon soars after huge earnings beat”

“Shares of Amazon climbed as much as 11% in extended trading on Thursday after smashing earnings expectations for the fourth quarter. The company’s market cap surged above $1 trillion after hours on the back of the powerhouse earnings report. In doing so, it joined Apple, Alphabet and Microsoft,… Continue Reading…

Cryptocurrencies, Personal Finance

“How to make money with Bitcoin”

“Run a signature campaign Bitcointalk, one of the oldest Bitcoin forums originally set up by Satoshi Nakamoto, enables you to get paid by sponsors for posts you make on the forum. You need to post consistently and achieve minimum word… Continue Reading…

Stocks

“Shares of Victoria’s Secret parent L Brands jump on fourth-quarter forecast, in-line profits”

“L Brands shares, which closed near a 10-year low, rose nearly 4% during extended trading. The stock, which has a market value of $4.4 billion, hit a 52-week low of $15.80 earlier Wednesday… The company said it expects 2019 fourth-quarter… Continue Reading…

Stocks

“Tesla’s stock is surging but some analysts found real problems with its earnings report”

“Tesla shares surged as much as 18% on Thursday after the company posted a surprise profit for the third quarter. While many on the Street said it was a solid report, some are calling for caution based on growth concerns and falling… Continue Reading…

Economy, Investing, Personal Finance

2-Year Treasury Notes Are More Profitable Than 10-year [For The Time Being]

“The yield on U.S. 30-year bond also turned heads on Wall Street during Wednesday’s session as it fell to an all-time low, dropping past its prior record notched in summer 2016. The two historic moves coming in tandem show that… Continue Reading…

Economy

“Why Corporate America’s profits are set to drop “

“Surging labor costs and slower revenue growth likely will lead to a drop this year in corporate profits in the U.S. and other developed economies, according to a report out Monday from The Conference Board. Industries that could see their… Continue Reading…