Shares of Ferrari were exploding on Monday as much as 7% on strong first quarter earnings. The company saw its market cap top $30 billion, making the company worth more than Ford and General Motors. The Italy-based sports car maker reported better-than-expected earnings despite shutting its factory in March. Total shipments of cars increased 5% … Continue reading “Ferrari Now Has a Bigger Value Than General Motors and Ford After Reporting Q1 Results”
Author: Sophia Vida
Elon Musk Lists His Mansions After Saying He Wants No Possessions
Tesla CEO Elon Musk always brings the surprises on Twitter and this time he has…
Nvidia Announces it Will Acquire Cumulus Networks
On Monday chipmaker Nvidia announced that it will be acquiring California-based Cumulus Networks, an open-source-centric…
Airline Stocks Tumble as Warren Buffett Exists the Arena
Airline stocks were watching their shares collapse on Monday after Wall Street learned that Warren…
J. Crew Declares Bankruptcy Amid Coronavirus Pandemic
On Monday Wall Street learned that clothing retailer J. Crew has declared bankruptcy, making it…
McDonald’s Expects This Quarter’s Same-Store Sales to See Worse Decline
Fast food giant McDonald's announced earnings this week and said first-quarter earnings saw a drop…
Macy’s CEO Jeff Gennette Says Company Will Become Smaller After Coronavirus Pandemic
Department store retailer Macy's is feeling the impact of the coronavirus and according to the…
Zoom Does Not Have As Many Daily Users As Company Says
Shares of Zoom were dropping on Wednesday after the company walked back on claims that…
Twitter Shares Drop After Reporting Q1 Results
This week Facebook indicated that the social media giant has seen flat YOY ad revenue…
Amazon Reports Earnings and Says All of Q2 Profit Will Go to Responding to Coronavirus
E-commerce giant Amazon reported its earnings on Thursday after the bell and said it saw…
Apple Reports Second Quarter Financial Results
Tech giant Apple revealed its second quarter financial results on Thursday, revealing flat revenue and…
FDA is in Discussions with Gilead to Make Remdesivir Available As Quickly as Possible
At the rate of how many are being infected with coronavirus and how many are…
Microsoft Shares Jump on 15% Sales Jump in Q3
Tech giant Microsoft saw its shares rise on Wednesday after the company reported third quarter…
Tesla CEO Elon Musk Calls Stay at Home Orders “Fascist”
Electric vehicle maker Tesla reported its first quarter financial results on Wednesday that included a…
