Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: $1.04 per share, a 63% decline from a year earlier, according to Refinitiv. Revenue: $30.3 billion, 2.5% higher
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Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, March 25, 2020. Elijah Nouvelage | Reuters Delta Air Lines posted a $7 billion pretax loss in the second quarter, driven mostly by the coronavirus pandemic’s devastation on
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In the early 2000s, Tesla Motors was a small start-up underdog in the automotive industry. It faced naysayers because “no one was doing electric cars,” CEO Elon Musk said on the “Third Row Tesla” podcast in February.  But despite the odds, Tesla became the world’s most valuable automaker ’ its market capitalization surpassed Toyota’s for the first time on July
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Earnings season may kick-off with an upside surprise. National Securities’ Art Hogan is optimistic the banks’ second quarter results will come in better than expected and help lift stocks. “I don’t think expectations for bank earnings have ever been as low as they are coming into this quarter,” the firm’s chief market strategist told CNBC’s
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Gavin Newsom, governor of California. Rich Pedroncelli | AP | Bloomberg via Getty Images California Gov. Gavin Newsom ordered Monday all counties in the state to close indoor operations for a handful of businesses, including restaurants, bars, movie theaters and museums, as Covid-19 cases continue to climb.  The order comes after Newsom previously ordered these
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People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics reported preliminary second-quarter revenue above analysts’ estimates on Monday, largely on growing demand for its Covid-19 testing services, sending its shares up 2.7% before the bell.
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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,
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Tomas Vargas, Jr., of Stockton, Calif., says that receiving money through the city’s universal basic income experiment has been life changing. Snap Jackson Photography A few years ago, Tomas Vargas, Jr., was having a tough time supporting his family. The Stockton, California, resident, a part-time supervisor at UPS, found his paychecks were not enough to
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President Donald Trump criticized his top infectious disease advisor this week while Dr. Anthony Fauci separately admitted he hasn’t briefed the president on the coronavirus pandemic in at least two months ’ widening an apparent growing rift between the two.  “Dr. Fauci’s a nice man, but he’s made a lot of mistakes,” Trump said in an
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Changes to Medicare that advocates have been seeking may end up in the next federal coronavirus relief legislation,  experts say. The Republican-controlled Senate is expected to unveil its version of the next stimulus package in late July as the Covid-19 pandemic continues to slow economic recovery and unemployment remains high. Senate Majority Leader Mitch McConnell,
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A battle heats up between a deep-research investor with a private equity mindset and an underperforming small cap software stock. This is a textbook case of good activism ’ a company with poor operating history, horrible corporate governance, underperforming stock, overpaid CEO and a large, long-term shareholder with a very friendly and reasonable request with impressive
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