Exclusive: Chesapeake Energy preparing bankruptcy filing
Chesapeake Energy Corp, the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices, people fam…
Shares jump on coronavirus treatment hopes, oil soars
World stock markets rose sharply on Wednesday following encouraging news for an experimental COVID-19 treatment and some positive earnings reports, while beaten-up oil prices soared.
Canopy Growth Corp to lay off 200 employees
Canadian pot producer Canopy Growth Corp said on Wednesday it would lay off 200 employees in North America and the UK, according to an internal announcement seen by Reuters.
Qualcomm second-quarter revenue beats estimates, shares rise
Qualcomm Inc on Wednesday beat Wall Street estimates for quarterly revenue and forecast current-quarter sales largely in line with expectations even though several other chipmakers had flagged concerns of a significant hit from the coronavirus outbrea…
Facebook beats quarterly revenue estimates
Facebook Inc beat analysts’ estimates for quarterly revenue on Wednesday, and said it will not provide a specific revenue forecast for the second quarter or full-year 2020.
Microsoft beats quarterly revenue estimates on cloud boost
Microsoft Corp reported quarterly revenue above Wall Street estimates on Wednesday, powered by another strong performance from its cloud service Azure as the coronavirus outbreak and home sheltering lead to more people working from home.
Wall St. surges on promising coronavirus drug
U.S. stocks surged on Wednesday as expectations of an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair Jerome Powell.
Fed leaves rates near zero, sees virus-related risks lingering
The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to use its “full range of tools” to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only slam growth in the near term but pose “considerable …
Exclusive: Chesapeake Energy preparing bankruptcy filing – sources
Chesapeake Energy Corp , the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential bankruptcy filing as it grapples with an unprecedented rout in energy prices, people fa…
Amazon is Wall Street’s biggest winner from coronavirus
No company’s stock market value has benefited more from the coronavirus pandemic than Amazon.com’s.
