Tag: business news

Zoom (ZM) earnings Q4 2020

Zoom (ZM) earnings Q4 2020

Eric Yuan, CEO, Zoom Video Communications Source: CNBC Shares of videoconferencing software company Zoom dropped as much as 10% after-hours on Wednesday, even though the company reported fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Zoom had been on a tear during the coronavirus outbreak, as companies turned to remote work — the stock […]

Italy closes all schools and universities as coronavirus death toll rises

Italy closes all schools and universities as coronavirus death toll rises

An Italian Finance guard (Guardia di Finanza) conducts control and gives indications to drivers at a check-point at the entrance of the small town of Zorlesco, southeast of Milan, on February 24, 2020. MIGUEL MEDINA Italy’s government will announce it will temporarily close the nation’s schools and universities due to the coronavirus outbreak, according to […]

Super Tuesday Texas primary: Joe Biden wins

Super Tuesday Texas primary: Joe Biden wins

Former 2020 U.S. Democratic presidential candidate Rep. Beto O’Rourke endorses former Vice President and Democratic 2020 U.S. presidential candidate Joe Biden for president at a campaign event at Gilley’s in Dallas, Texas, U.S., March 2, 2020. Eric Thayer | Reuters Joe Biden has picked up another huge Super Tuesday win. He will claim victory in […]

‘Politics doesn’t enter the room,’ Fed’s Mester says after Trump tweets

‘Politics doesn’t enter the room,’ Fed’s Mester says after Trump tweets

Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. Michael Nagle | Bloomberg | Getty Images U.S. Federal Reserve policymakers are unmoved by political pressure, according to Cleveland Fed President and CEO Loretta Mester. The Fed announced an emergency 50 basis point cut to interest rates on Tuesday, in a […]

ADP Moody’s private payrolls February 2020 beat estimates

ADP Moody’s private payrolls February 2020 beat estimates

U.S. companies kept adding jobs in February despite the coronavirus scare, as private payrolls expanded well above the pace that Wall Street had anticipated. Employment excluding government jobs rose by 183,000 for the month, according to a report Wednesday from Moody’s Analytics, topping the 155,000 that economists surveyed by Dow Jones had expected. The job […]

Facebook offers free ads to WHO, will remove flase claims

Facebook offers free ads to WHO, will remove flase claims

Facebook CEO Mark Zuckerberg at the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook CEO Mark Zuckerberg said on Wednesday that the social network will give the World Health Organization free advertising for its coronavirus response and take down false claims about the virus.  Users […]

Nordstrom (JWN) reports fourth quarter 2019 earnings miss

Nordstrom (JWN) reports fourth quarter 2019 earnings miss

Rolls of gift paper hang on display at a Nordstrom Local concept store in New York, Sept. 5, 2019. Demetrius Freeman | Bloomberg | Getty Images Nordstrom shares tumbled Tuesday after the retailer announced it is changing its leadership structure, appointing Erik Nordstrom as sole CEO and retiring its co-presidency. It announced the changes as it […]

Second New York case, NYC-area schools close

Second New York case, NYC-area schools close

A woman wears a face mask as she waits on the subway after the first confirmed case of coronavirus was announced in New York State in New York, March 2, 2020. Andrew Kelly | Reuters This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: At […]

Bernie Sanders is the front-runner, but Joe Biden is rising

Bernie Sanders is the front-runner, but Joe Biden is rising

People are seen at the Orange County, Florida Supervisor of Elections office on the first day of early voting in Florida’s 2020 presidential preference primary on March 2, 2020 in Orlando, Florida. Paul Hennessy | NurPhoto | Getty Images This is a live blog. Please check back for updates. All times below are Eastern. 9:24 […]

G-7 coronavirus statement promises action as needed

G-7 coronavirus statement promises action as needed

Officials of most of the world’s largest economies pledged on Tuesday a united front in the battle against the novel coronavirus scare but offered no specific actions. “Given the potential impacts of COVID-19 on global growth, we reaffirm our commitment to use all appropriate policy tools to achieve strong, sustainable growth and safeguard against downside […]