Category: Finance News

Jul 25

Bernie Sanders slams Tesla CEO Elon Musk, saying it's 'pathetic' that Musk is against another government stimulus package

Bernie Sanders Airplane Joe Raedle/Getty Images Sen. Bernie Sanders called Tesla CEO Elon Musk a “hypocrite” and “pathetic” over his tweet disparaging another government stimulus package. “Another government stimulus package is not in the best interests of the people imo,” Elon Musk said on Twitter on Friday. Musk on Friday said only direct payments should […]
Jul 24

Earnings Results: Verizon reports ‘clean’ earnings but analysts see uncertainty ahead

Verizon Communications Inc. shares gained Friday after the company posted results that analysts called “clean” and “reliable.” The wireless operator topped both revenue and adjusted earnings expectations for the June quarter even as both dipped from a year ago as the company felt the effects from COVID-19. In particular, Verizon’s VZ, +1.79% media business saw […]
Jul 23

Capitol Report: Trump scraps Jacksonville portion of Republican National Convention, calls for vigilance in battling coronavirus outbreak

President Donald Trump said Thursday that he was scrapping the Jacksonville, Fla.-component of the Republican National Convention that was scheduled for late next month, underscoring an apparent reversal of tone and approach to the viral pandemic that has crippled much of the country for months. The president said he would still deliver a speech accepting […]
Jul 23

Earnings Watch: Facebook has weathered many storms, but the latest are coming for its core

The coronavirus pandemic sent users to Facebook Inc.’s social-networking, messaging and live-streaming platforms in record numbers, but little else has gone right for Mark Zuckerberg’s company amid COVID-19’s spread. Facebook FB, -3.03% is in the jaws of a world-wide advertising boycott, faces withering criticism of its hands-off policy toward President Donald Trump’s missives on its […]