Tag Archives: Resume

Stocks resume rally amid strong earnings

Stocks rose Wednesday as investors eyed a wave of better than expected corporate earnings results and considered these alongside expectations for more fiscal support from congressional lawmakers. The Dow added more than 100 points, or 0.4%, shortly after market open, reaching a record intraday high. Each of the Nasdaq and S&P 500 also rose to record levels Wednesday morning. All three major indexes have performed strongly for February to date, as has the small-cap Russell 2000, which reached… Source link

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Southwest will resume selling middle seats after reporting a $1.2 billion quarterly loss: CEO

Southwest Airlines (LUV) on Thursday reported a net loss of $1.2 billion on revenue of $1.8 billion in the third quarter. Chairman and CEO Gary Kelly says the coronavirus pandemic continues to cause huge losses for the airline but he is encouraged, “by modest improvements in leisure passenger traffic,” since a slowdown in July. Here are the quarterly results compared to consensus estimates compiled by Bloomberg: Diluted earnings loss per share: net loss of $1.96 per share vs. expected loss… Source link

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Google’s Plan to Resume Reviews Rankles Employees With Children — The Information

Life won’t start looking normal for most Google employees before next July, the earliest the company expects its workforce to be able to return to its offices. Yet Google is resuming some suspended business functions, including a high-stakes review cycle that has made at least one group of employees—parents—particularly anxious.   Many Google employees who have kids said they expect the upcoming assessments to show that their job performance suffered in recent… Source link

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