Luxury automaker Ferrari reported second quarter financial results this week revealing that income fell 60% due to the impact of the coronavirus pandemic. Despite this, orders for the company were “very strong” and shares gained almost 4% as Wall Street reacted to the results. Ferrari Chief Executive Louis Camilleri told analysts that last quarter’s order … Continue reading “Ferrari Orders are Strong Despite Coronavirus Pandemic”
Author: Sophia Vida
Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.
Hot Stocks
Multinational semiconductor company AMD saw its shares moving higher this week after the company reported…
July 31, 2020
Hot Stocks
Starbucks Reports Big Loss in Q3 Amid Coronavirus
Shares of coffee giant Starbucks were jumping this week when the company reported third quarter…
July 31, 2020
Company News
Parent Company of Victoria’s Secret Will Cut 15% of its Corporate Workforce
The parent company of Victoria's Secret, L Brands, has said this week that it would…
July 31, 2020
Hot Stocks
Kodak Shares Explode as Company Moves to Pharmaceutical Ingredients
Once an iconic camera company, shares of Kodak were tripling this week as Wall Street…
July 31, 2020
Company News
Qualcomm and Huawei Sign a Patent Licensing Deal
Qualcomm announced this week in its third quarter earnings report that it has signed a…
July 31, 2020
AMC and Universal Strike a Historic Deal That Will Do This
AMC Theaters and Universal Pictures have come to a historic deal that would shorten the…
July 31, 2020
DraftKings Shares Plummet After MLB Postpones Games
It was exciting to watch the MLB season finally start but the league has just…
July 27, 2020
Hot Stocks
Under Armour Founder and CFO are Named in Federal Probe
Shares of Under Armour were falling on Monday after the company's founder Kevin Plank and…
July 27, 2020
Hot Stocks
Facebook is Suing EU Antitrust Regulator Over This
Social media giant Facebook has sued the EU Antritrust Regulator over excessive data requests. According…
July 27, 2020
Company News
Google Employees to Work From Home Until Summer of 2021
While many people are itching to get out of the house and back to their…
July 27, 2020
Serta Simmons to Create First Antiviral Mattress with HeiQ Group
With COVID-19, anything anti-viral or anti-bacterial is catching attention among consumers. Serta Simmons Bedding (SSB)…
July 27, 2020
Hot Stocks
Morgan Stanley is Optimistic About Apple’s Next Earnings Report
According to Morgan Stanley analysts, tech giant Apple will be a winner when they announce…
July 27, 2020
Hot Stocks
Twitter is Banning Thousands of Accounts for This Reason
Social media giant Twitter has banned 7,000 QAnon accounts and has limited 150,000 others in…
July 23, 2020