Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters Johnson & Johnson’s second-quarter profit slid 35% from the same time last year as the coronavirus pandemic forced hospitals to postpone elective surgeries, hitting the company’s medical device business hard. This is a developing story. Please check back for
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A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters American Airlines‘ top executives on Wednesday backed an effort to extend billions in federal aid to protect aviation jobs through March
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $3.78 per share, a 35% decline from a year earlier, according to Refinitiv. Revenue: $9.75
Travis County in Texas has voted to give Tesla tax breaks worth a minimum of $14.7 million to build a new car plant, and eventually employ thousands, near the Austin airport. The site where Tesla has proposed to build its next “Gigafactory,” is known as the Austin Green development. Tesla still has to purchase the
Cooper Neill | Reuters 3M and researchers from the Massachusetts Institute of Technology announced Tuesday a partnership to develop a rapid coronavirus antigen test they say will be widely available in the U.S. With new cases of Covid-19 surging across much of the country, major test manufacturers and laboratories have warned of delays in processing.
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., gestures whilst speaking during a news conference in London, on Monday, July 18, 2016. Chris Ratcliffe | Bloomberg | Getty Images SoftBank has hired Goldman Sachs to explore both an initial public offering and a sale of U.K. chip designer Arm Holdings, according to
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores amid the coronavirus pandemic. The company did report growth for its food items, such as Cheetos and oatmeal,
A group of medical providers gathering at the Gallup Indian Medical Center Source: Nate Teismann Dr. Jeanne Noble has worked all over the world as an emergency medicine physician. So when the hospital where she works, UC San Francisco, asked if anyone was willing to fly out to the Navajo Nation and help with an
Direxion is doubling down on buy-and-hold bets. The firm launched three new exchange-traded funds in early June meant for long-term investors: the Direxion High Growth ETF (HIPR), the Direxion Dynamic Hedge ETF (DYHG) and the Direxion Fallen Knives ETF (NIFE). For David Mazza, head of product at Direxion, ”what HIPR is really about is how do
Sen. Mitt Romney, R-Utah, leaves the Senate Republican Policy luncheon in Russell Building on Tuesday, March 17, 2020. Tom Williams | CQ-Roll Call | Getty Images WASHINGTON — Sen. Mitt Romney, R-Utah, on Saturday criticized President Donald Trump’s decision to commute the prison sentence of Roger Stone, calling it “unprecedented, historic corruption.” “An American president commutes the
Roger Stone leaves Federal Court after a sentencing hearing February 20, 2020, in Washington, DC. Brendan Smialowski | AFP | Getty Images Roger Stone says President Donald Trump saved his life by commuting his prison sentence Friday night. “The president has saved my life,” Stone said, “And he’s given me the opportunity to fight for vindication.” He
One room at a temporary hospital is viewed at the Georgia World Congress Center, Thursday, April 16, 2020, in Atlanta. Georgia. Ron Harris | Pool | AP Georgia is planning to reopen a field hospital at Atlanta’s Georgia World Congress Center as the state struggles with increasing hospitalizations and record-breaking new Covid-19 cases, according to
RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Bloomberg | Bloomberg | Getty Images As shares of electric truck maker Nikola
A SpaceX Falcon 9 rocket successfully launches carrying the Es’hail-2 communications satellite for the country of Qatar on November 15, 2018 at the Kennedy Space Center in Florida. NurPhoto | NurPhoto | Getty Images United States space companies are hoping to get more help against foreign competitors through financing from the U.S. Export-Import Bank, a federal
U.S. President Donald Trump walks to the White House residence after exiting Marine One on the South Lawn on June 25, 2020 in Washington, DC. Drew Angerer | Getty Images WASHINGTON — The Supreme Court said it will announce the last of the decisions from its current term on Thursday, which almost certainly means the
Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening just hours after the Nasdaq Composite clinched its 25th record close for 2020. Dow Jones Industrial Average futures climbed 50 points at the start of the overnight session, implying an opening gain of 0.3% when regular
United States Supreme Court Chief Justice John Roberts poses for the court’s official portrait in the East Conference Room at the Supreme Court building November 30, 2018 in Washington, DC. Chip Somodevilla Chief Justice John Roberts was briefly hospitalized last month after he fell and suffered an injury to his forehead while walking near his
The coronavirus pandemic is pushing businesses and dwellers out of city centers and downtowns into the outskirts in the short term, but demand can be expected to return to big cities, according to the head of the largest commercial real estate broker in the country. Hessam Nadji, president and CEO of Marcus & Millichap, on